APGT — Stock Film
STOCK FILMSCENE 1/11APGT · $0.30
Stock Expert AI presents
APGT
Appgate, Inc
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Appgate, Inc. A quick introduction.

On the stock market since 2021, it operates in the world of technology. It has 415 employees. Now — the numbers.

on the stock market since 2021
415 employees
$39M market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.7.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

WHERE DOES THE MONEY COME FROM?
35%Subscription Revenue
Subscription Revenue 35%Subscription Term-Based Licenses 22%Multi-Year Subscription Term-Based Licenses 12%Single Year Subscription Term-Based Licenses 10%Subscription SaaS 9%Other 12%
35% of all revenue comes from a single line: Subscription Revenue.

Revenue is spread across several lines; no single product carries the company.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 12% a year over the last 4 years. Red columns mark years that ended in a loss.

$0
2018
$30.4M
2019
$33.2M
2020
$45.3M
2021
$42.7M
2022
In the vault right now:
$0
DEBT: $122.1M
At this pace, that money lasts less than a year.

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.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 3 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

STRENGTHS
Heavy investment in the future10/10
WEAK SPOTS
The stock has lost its spark0/10
Costs eat into the margin4/10
WORTH WATCHING

Cost Efficiency: As sales grow, profit fails to keep the same pace.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 99% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 3 years, sales grew about 12% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $42.7M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 13 buys and 1 sell. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $30.1M against $42.7M in annual sales. And on top of that, sales fell from the year before.

2
THE RISKS · 2/3
Trading under $1

The stock sits at $0.30. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.

3
THE RISKS · 3/3
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
D
0 / 100 · MoonshotScore

On our five-subject report card, APGT sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: APGT is a high-risk stock — not yet profitable, and its future rides on its product catching on.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Aug 20, 2026 · stockexpertai.com · Stock Film