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On August 5, 2025 the board declared a special cash dividend of $1.00 per share payable August 27, 2025, and a regular quarterly dividend of $0.30 per share payable September 16, 2025; the special dividend applies to holders of record at the close of business on August 18, 2025. On October 14, 2025 the company announced it expects to report third-quarter 2025 results after market close on November 5, 2025.
Technical Analysis
Directional indicators show a weak trend environment: ADX reads 8.88, signaling no trend, while DI- at 24.45 increases and DI+ at 22.41 decreases, producing a bearish directional bias that weighs on the near-term price outlook.
MACD sits negative at -0.35 and trends lower with the MACD line below its signal line (-0.31), confirming bearish momentum and limiting upside follow-through until momentum stabilizes.
MRO equals 10.47 with a dip-and-reversal pattern, which signals a bullish momentum shift within the oscillator’s framework even as the positive MRO level implies price currently sits above the internal target and could encounter corrective pressure.
RSI at 43.8 is decreasing, indicating the stock lacks bullish breadth and remains below neutral; downside momentum carries more weight than oversold bounce potential at present.
Price trades beneath the 12- and 26-day EMAs and below the 20-, 50- and 200-day averages (price close $22.01 versus 20-day $22.87, 50-day $23.55, 200-day $23.46), reinforcing a near-term downside bias versus longer-term averages. The 12-day EMA trends down, which adds short-term selling pressure.
Ichimoku components place price beneath the cloud (Senkou A $25.56, Senkou B $26.30), reinforcing resistance above current levels. The super trend upper band at $23.32 clusters with the moving-average band as a nearby resistance area. Price sits just below the 1x lower Bollinger band ($22.39) and above the 2x lower band ($21.92), suggesting short-term overshoot into lower-band territory but not extreme deviation.
Volume and volatility remain muted: 42-day volatility at 2% and 52-week at 4% with current volume below the 200-day average, which reduces the likelihood of a large, immediate trend breakout without a catalyst.
Fundamental Analysis
Revenue totaled $40.37 million for the period reported with revenue per share $3.28. Reported revenue growth stands at 0.23%, while quarterly revenue change reads -95.18% and year-over-year revenue change reads -104.25% as provided; those period-to-period shifts require attention when reconciling filing cadence but currently indicate uneven top-line movement.
Operating performance shows operating income (EBIT) $6,320,000 and EBITDA $7,243,000. Operating (EBIT) margin equals 15.66%, up 7.44% QoQ and up 10.59% YoY. The EBIT margin sits below the industry peer mean (25.07%) and industry peer median (21.54%) but above the industry peer low, indicating margin improvement yet room to close the gap to peers.
Gross margin equals 31.93%, rising 5.73% QoQ and 2.64% YoY, supporting improved operating leverage even as operating leverage reads a high numeric value consistent with margin sensitivity to sales swings.
Cash and liquidity present a clear strength: cash and short-term investments total $56,215,000 with a cash ratio of 3.91x and current ratio 7.49x. Those liquidity metrics sit well above the industry peer mean and industry peer high, giving the company ample flexibility to fund dividends, capital expenditures and working capital.
Free cash flow equals $3,385,000 and free cash flow yield equals 1.09%, modest but slightly above the industry peer mean free cash flow yield. Free cash growth shows a large negative reading versus prior periods, while free cash to net income equals 62.08%, indicating a majority of net income converts to free cash flow.
Returns on capital sit low: return on assets 3.34% and return on equity 3.65%, both below industry peer means and medians, which limits valuation multiple expansion despite solid cash reserves. Interest coverage equals 6.32x, below the peer mean, yet remains adequate to service interest obligations.
Valuation metrics show forward P/E near 60.99x and forward P/S near 33.91x, reflecting compressed earnings relative to market capitalization and implying the market prices modest near-term growth into the stock. WMDST values the stock as under-valued based on the firm’s cash position, dividend capacity, and operating margin improvement, though low returns on equity and modest free-cash yields temper that view.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-21 |
| NEXT REPORT DATE: | 2025-11-20 |
| CASH FLOW | Begin Period Cash Flow | $ 56.1 M |
| Operating Cash Flow | $ 4.7 M | |
| Capital Expenditures | $ -1.34 M | |
| Change In Working Capital | $ -1.74 M | |
| Dividends Paid | $ -3.70 M | |
| Cash Flow Delta | $ 87.0 K | |
| End Period Cash Flow | $ 56.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 40.4 M | |
| Forward Revenue | $ 9.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 27.5 M | |
| Depreciation | $ 923.0 K | |
| Depreciation and Amortization | $ 923.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 34.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 12.9 M | |
| EBITDA | $ 7.2 M | |
| EBIT | $ 6.3 M | |
| Operating Income | $ 6.3 M | |
| Interest Income | $ 846.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 846.0 K | |
| Income Before Tax | $ 7.2 M | |
| Tax Provision | $ 1.7 M | |
| Tax Rate | 23.905 % | |
| Net Income | $ 5.5 M | |
| Net Income From Continuing Operations | $ 5.5 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ 0.40 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 164.8 M | |
| Intangible Assets | $ 23.7 M | |
| Net Tangible Assets | $ 125.7 M | |
| Total Current Assets | $ 107.6 M | |
| Cash and Short-Term Investments | $ 56.2 M | |
| Cash | $ 56.2 M | |
| Net Receivables | $ 16.9 M | |
| Inventory | $ 32.9 M | |
| Long-Term Investments | $ 634.0 K | |
| LIABILITIES | ||
| Accounts Payable | $ 4.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 14.4 M | |
| Net Debt | — | |
| Total Debt | — | |
| Total Liabilities | $ 15.3 M | |
| EQUITY | ||
| Total Equity | $ 149.5 M | |
| Retained Earnings | $ 95.8 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 12.13 | |
| Shares Outstanding | 12.319 M | |
| Revenue Per-Share | $ 3.28 | |
| VALUATION | Market Capitalization | $ 311.1 M |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.102 | |
| Asset To Liability | 10.759 | |
| Debt To Capital | — | |
| Debt To Assets | — | |
| Debt To Assets QoQ | — | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | — | |
| Debt To Equity QoQ | — | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.082 | |
| Price To Book QoQ | 2.372 % | |
| Price To Book YoY | 27.721 % | |
| Price To Book IPRWA | high: 6.516 median: 6.516 mean: 4.644 CIX: 2.082 low: -3.79 |
|
| Price To Earnings (P/E) | — | |
| Price To Earnings QoQ | — | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | — | |
| Price To Sales (P/S) | 7.708 | |
| Price To Sales QoQ | 3.43 % | |
| Price To Sales YoY | -0.283 % | |
| Price To Sales IPRWA | high: 24.886 CIX: 7.708 mean: 6.275 median: 5.402 low: 0.69 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 60.992 | |
| Forward PE/G | — | |
| Forward P/S | 33.907 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 32.922 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.247 | |
| Asset Turnover Ratio QoQ | -0.295 % | |
| Asset Turnover Ratio YoY | 26.18 % | |
| Asset Turnover Ratio IPRWA | high: 0.545 median: 0.248 CIX: 0.247 mean: 0.21 low: 0.02 |
|
| Receivables Turnover | 2.31 | |
| Receivables Turnover Ratio QoQ | -7.801 % | |
| Receivables Turnover Ratio YoY | 5.464 % | |
| Receivables Turnover Ratio IPRWA | high: 4.399 CIX: 2.31 mean: 1.935 median: 1.895 low: 0.31 |
|
| Inventory Turnover | 0.885 | |
| Inventory Turnover Ratio QoQ | -9.395 % | |
| Inventory Turnover Ratio YoY | -1.67 % | |
| Inventory Turnover Ratio IPRWA | high: 32.253 mean: 5.013 CIX: 0.885 median: 0.864 low: 0.031 |
|
| Days Sales Outstanding (DSO) | 39.497 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 127.216 | |
| Cash Conversion Cycle Days QoQ | 6.271 % | |
| Cash Conversion Cycle Days YoY | 6.819 % | |
| Cash Conversion Cycle Days IPRWA | high: 188.097 CIX: 127.216 median: 126.396 mean: 53.485 low: -241.916 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.433 | |
| CapEx To Revenue | -0.033 | |
| CapEx To Depreciation | -1.455 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 149.5 M | |
| Net Invested Capital | $ 149.5 M | |
| Invested Capital | $ 149.5 M | |
| Net Tangible Assets | $ 125.7 M | |
| Net Working Capital | $ 93.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 3.913 | |
| Current Ratio | 7.489 | |
| Current Ratio QoQ | -2.927 % | |
| Current Ratio YoY | -18.861 % | |
| Current Ratio IPRWA | CIX: 7.489 high: 4.061 median: 2.089 mean: 1.945 low: 0.351 |
|
| Quick Ratio | 5.199 | |
| Quick Ratio QoQ | -6.686 % | |
| Quick Ratio YoY | -28.152 % | |
| Quick Ratio IPRWA | CIX: 5.199 high: 4.04 mean: 1.14 median: 1.126 low: 0.304 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | — | |
| Interest Coverage Ratio | 6.32 | |
| Interest Coverage Ratio QoQ | 7.684 % | |
| Interest Coverage Ratio YoY | 24.385 % | |
| Interest Coverage Ratio IPRWA | high: 24.916 mean: 15.786 median: 10.382 CIX: 6.32 low: -20.195 |
|
| Operating Cash Flow Ratio | 0.276 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 13.011 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.475 | |
| Dividend Payout Ratio | 0.678 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.012 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.579 % | |
| Revenue Growth | 0.233 % | |
| Revenue Growth QoQ | -95.177 % | |
| Revenue Growth YoY | -104.246 % | |
| Revenue Growth IPRWA | high: 33.856 % mean: 3.53 % median: 2.242 % CIX: 0.233 % low: -18.299 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | 31.933 % | |
| Gross Margin QoQ | 5.731 % | |
| Gross Margin YoY | 2.639 % | |
| Gross Margin IPRWA | high: 94.248 % median: 49.452 % mean: 48.424 % CIX: 31.933 % low: -4.049 % |
|
| EBIT Margin | 15.657 % | |
| EBIT Margin QoQ | 7.438 % | |
| EBIT Margin YoY | 10.588 % | |
| EBIT Margin IPRWA | high: 37.265 % mean: 25.065 % median: 21.542 % CIX: 15.657 % low: -27.366 % |
|
| Return On Sales (ROS) | 15.657 % | |
| Return On Sales QoQ | 7.438 % | |
| Return On Sales YoY | 10.588 % | |
| Return On Sales IPRWA | high: 37.265 % mean: 24.944 % median: 21.529 % CIX: 15.657 % low: -27.462 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 3.4 M | |
| Free Cash Flow Yield | 1.088 % | |
| Free Cash Flow Yield QoQ | -440.0 % | |
| Free Cash Flow Yield YoY | -67.896 % | |
| Free Cash Flow Yield IPRWA | high: 5.999 % CIX: 1.088 % mean: 0.996 % median: 0.596 % low: -12.88 % |
|
| Free Cash Growth | -452.972 % | |
| Free Cash Growth QoQ | 299.003 % | |
| Free Cash Growth YoY | -177.064 % | |
| Free Cash Growth IPRWA | high: 433.099 % median: -0.186 % mean: -31.404 % CIX: -452.972 % low: -537.838 % |
|
| Free Cash To Net Income | 0.621 | |
| Cash Flow Margin | 9.818 % | |
| Cash Flow To Earnings | 0.727 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | 3.335 % | |
| Return On Assets QoQ | 5.705 % | |
| Return On Assets YoY | 26.278 % | |
| Return On Assets IPRWA | high: 5.063 % median: 3.838 % mean: 3.711 % CIX: 3.335 % low: -2.724 % |
|
| Return On Capital Employed (ROCE) | 4.202 % | |
| Return On Equity (ROE) | 0.036 | |
| Return On Equity QoQ | 4.947 % | |
| Return On Equity YoY | 28.215 % | |
| Return On Equity IPRWA | high: 0.172 mean: 0.069 median: 0.065 CIX: 0.036 low: -0.137 |
|
| DuPont ROE | 3.672 % | |
| Return On Invested Capital (ROIC) | 3.218 % | |
| Return On Invested Capital QoQ | 6.31 % | |
| Return On Invested Capital YoY | -167.976 % | |
| Return On Invested Capital IPRWA | high: 7.468 % mean: 4.858 % median: 4.145 % CIX: 3.218 % low: -4.061 % |
|