On the stock market since 1973, it operates in the world of heavy industry. It has 1,634 employees. Now — the numbers.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Clearly below the class average.
Clearly below the class average.
Clearly below the class average.
Clearly below the class average.
Clearly above the class average — a step short of the very top.
Growth: Sales growth trails the sector average.
Business Quality: Profit power and business quality trail similar companies in the sector.
The stock trades 29% below its peak. The market has trimmed its expectations for the company.
Sales run at $434.2M a year. A small number, but proof the product has real buyers.
Over the last 12 months, company executives reported 34 buys and 25 sells. Management buying with its own money is usually read as a good sign.
A loss of $66.1M against $434.2M in annual sales.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
On our five-subject report card, AP sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: AP is a high-risk stock — not yet profitable, and its future rides on its product catching on.