Operates MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire for options trading. Provides a platform for U.S. equities trading through MIAX Pearl Equities. Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Average growth of 16% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Profit power and business quality lead the class.
For a bank, strength is measured by capital buffers and reserves — not cash minus debt.
Clearly below the class average.
Sales are growing strongly for its sector.
Clearly below the class average.
Financial Strength: The capital buffer looks thin next to its class; less room to absorb a rough stretch.
Valuation: The stock trades at a price that looks expensive next to its earnings; that can cap future returns.
The stock trades 27% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 16% a year on average.
The company sells $1.4B a year; the problem isn’t sales — it’s costs running above that number.
A loss of $70.0M against $1.4B in annual sales.
The balance sheet offers little cushion against a rough stretch. Report-card grade: 13/100.
Today’s price already includes part of tomorrow’s optimism. Report-card grade: 23/100.
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.