On the stock market since 2022, it operates in the world of raw materials. It has 286 employees. Now — the numbers.
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.
An average decline of 9% a year over the last 4 years — the most striking risk in this picture. 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.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Clearly below the class average.
Debt is low and cash is strong; the finances stand solid.
Clearly below the class average.
Clearly below the class average.
Clearly below the class average.
Business Quality: Profit power and business quality trail similar companies in the sector.
Growth: Sales growth trails the sector average.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Cost Efficiency: As sales grow, profit fails to keep the same pace.
The stock trades 48% below its peak. The market has trimmed its expectations for the company.
Sales run at $3.2M a year. A small number, but proof the product has real buyers.
There is $176.3M in the vault; even if every debt were paid off, $139.3M would remain.
Over the last 12 months, company executives reported 19 buys and 9 sells. Management buying with its own money is usually read as a good sign.
A loss of $105.9M against $3.2M in annual sales.
At the current pace of spending, the cash lasts about 1.7 years. After that, the company needs to find new money.
On our five-subject report card, IE sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: IE is a high-risk stock — not yet profitable, and its future rides on its product catching on.
The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.
Analysts’ average target sits above today’s price, yet the valuation grade (11/100) says the stock isn’t cheap.