On the stock market since 2022, it operates in the world of money and finance. It has 260 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.
Average growth of 6% a year over the last 4 years. 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.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
Sales run at $48.3M a year. A small number, but proof the product has real buyers.
It pays out $0.70 per share each year — regular cash for whoever holds the stock.
A loss of $54.4M against $48.3M in annual sales. And on top of that, sales fell from the year before.
The stock sits at $0.0000. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.
At the current pace of spending, the cash lasts about 1.2 years. After that, the company needs to find new money.
On our five-subject report card, PNBC sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: PNBC is a high-risk stock — not yet profitable, and its future rides on its product catching on.