On the stock market since 2020, it operates in the world of raw materials. It has 6 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.
Revenue is spread across several lines; no single product carries the company.
An average decline of 61% 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. For now, time is on the company’s side.
The stock trades 18% below its peak. The market has trimmed its expectations for the company.
Sales run at $27.2M a year. A small number, but proof the product has real buyers.
A loss of $1.5M against $27.2M in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back.
On our five-subject report card, NSR sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: NSR is a high-risk stock — not yet profitable, and its future rides on its product catching on.