Designs and manufactures suspension assemblies for hard disk drives (HDDs). Produces critical mechanical components that precisely position read/write heads in HDDs. Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
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.
No real growth (-2% a year). Red columns mark years that ended in a loss.
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.
Sales run at $252.8M a year. A small number, but proof the product has real buyers.
A loss of $39.1M against $252.8M in annual sales. And on top of that, sales fell from the year before.
At the current pace of spending, the cash lasts about 1 year. After that, the company needs to find new money.
We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.
One-line summary: few numbers, an untested story. Keep watching.
Not covered, because the filings we hold do not carry it: earnings execution, the price history.