Recent News
On March 16, 2026 the company announced a global brand refresh to mark its 15th anniversary and introduced a new mascot, Toki, positioning the brand for expanded international marketing and student engagement.
Technical Analysis
ADX & Directional Indicators: ADX at 42.03 indicates a very strong trend environment; DI+ shows a dip-and-reversal while DI- shows a peak-and-reversal, which together signal a bullish directional shift that supports the prospect of a near-term price recovery relative to the current under-valued assessment.
MACD: MACD displays a dip-and-reversal, a bullish momentum pattern, though MACD (-2.18) sits just below the signal line (-2.00), so momentum has begun improving without a confirmed MACD crossover yet.
MRO: MRO reads -21.29 with a decreasing trend, indicating the price sits below the internal target and that upward pressure could develop if momentum stabilizes.
RSI: RSI at 34.27 with a dip-and-reversal indicates near-oversold conditions and recent buying interest that aligns with momentum signals and WMDST’s under-valued valuation.
Price Structure & Averages: Closing price $18.90 sits below the 12-day EMA ($19.52, decreasing), 26-day EMA ($21.80), the 20-day average ($19.71), the 50-day average ($24.65), and the 200-day average ($34.33), so the short-to-intermediate price structure remains below key moving-average resistance while momentum signals point toward a corrective bounce. Bollinger bands place the name inside the lower-middle band range (lower band $16.93, upper band $22.50), and the Ichimoku cloud shows Senkou A at $27.25 and Senkou B at $34.03, indicating overhead resistance through the cloud. Volume shows recent pickup: today’s volume 19,884 versus 10-day average 7,444 and 50-day average 4,783, which gives any near-term bounce better participation than recent history.
Fundamental Analysis
Revenue & Profitability: Total revenue reached $26,334,000 while gross profit measured $19,292,000, yielding a gross margin of 73.26%, above the industry peer mean of 55.24% and above the industry peer median of 56.57%. Reported revenue growth displays two provided measures: aggregate revenue growth 29.10% and YoY revenue growth 3.32%, with revenue growth QoQ at 146.87%, reflecting meaningful sequential expansion in billed activity.
Operating Results: EBIT recorded $-4,157,000, producing an EBIT margin of -15.79%, which sits well below the industry peer mean of 18.23% and industry peer median of 20.41%, though the company posted an EBIT margin QoQ improvement of 18.3% and an EBIT margin YoY change of 182.09%, indicating rapid margin recovery from prior periods.
Cash, Liquidity & Capital Structure: Cash on hand totaled $33,532,000 and cash plus short-term investments reached $36,625,000. Current ratio registered 0.68, under the industry peer mean of 2.03 and the industry peer median of 1.65, while the cash ratio measured 0.42, signaling constrained short-term liquidity relative to typical peers despite a material cash balance. Total debt remained modest at $3,307,000, producing a debt-to-assets ratio of 5.10%, below the industry peer mean of 12.48%.
Returns: Return on equity printed 19.88% and return on assets measured -8.07%; return-on-capital and other return metrics show sequential improvement QoQ and YoY, consistent with operating leverage and revenue acceleration.
Valuation: Forward EPS at $-0.05 and forward P/E at -745.32 reflect negative forward profitability, while the aggregate price-target mean provided at $19.24 sits marginally above the last close of $18.90. WMDST values the stock as under-valued given current fundamentals and the company’s cash position relative to enterprise size.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-12-19 |
| NEXT REPORT DATE: | 2026-03-20 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | $ -4.75 M | |
| Capital Expenditures | — | |
| Change In Working Capital | $ 4.8 M | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 26.3 M | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | $ 7.0 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | $ 1.6 M | |
| Total Operating Expenses | $ 30.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 19.3 M | |
| EBITDA | $ -4.16 M | |
| EBIT | $ -4.16 M | |
| Operating Income | $ -4.16 M | |
| Interest Income | $ 138.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 138.0 K | |
| Income Before Tax | $ -4.50 M | |
| Tax Provision | $ 264.0 K | |
| Tax Rate | 25.0 % | |
| Net Income | $ -4.75 M | |
| Net Income From Continuing Operations | $ -4.75 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ -0.05 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 64.9 M | |
| Intangible Assets | $ 71.0 K | |
| Net Tangible Assets | $ -23.99 M | |
| Total Current Assets | $ 59.2 M | |
| Cash and Short-Term Investments | $ 36.6 M | |
| Cash | $ 33.5 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | $ 481.0 K | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 86.6 M | |
| Net Debt | — | |
| Total Debt | $ 3.3 M | |
| Total Liabilities | $ 88.7 M | |
| EQUITY | ||
| Total Equity | $ -23.92 M | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | — | |
| Shares Outstanding | — | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | — |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -2.712 | |
| Asset To Liability | 0.732 | |
| Debt To Capital | -0.16 | |
| Debt To Assets | 0.051 | |
| Debt To Assets QoQ | 37.821 % | |
| Debt To Assets YoY | 144.978 % | |
| Debt To Assets IPRWA | high: 0.597 mean: 0.125 median: 0.093 COE: 0.051 low: 0.003 |
|
| Debt To Equity | -0.138 | |
| Debt To Equity QoQ | 31.052 % | |
| Debt To Equity YoY | 133.429 % | |
| Debt To Equity IPRWA | high: 1.639 mean: 0.246 median: 0.149 low: 0.012 COE: -0.138 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | — | |
| Price To Book QoQ | — | |
| Price To Book YoY | — | |
| Price To Book IPRWA | — | |
| 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) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | -745.317 | |
| Forward PE/G | — | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.812 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.447 | |
| Asset Turnover Ratio QoQ | 7.873 % | |
| Asset Turnover Ratio YoY | 15.319 % | |
| Asset Turnover Ratio IPRWA | high: 0.514 COE: 0.447 mean: 0.202 median: 0.165 low: 0.041 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 101.187 mean: 9.174 median: 2.199 COE: 0 low: -28.187 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -0.963 | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ -23.92 M | |
| Net Invested Capital | $ -23.92 M | |
| Invested Capital | $ -23.92 M | |
| Net Tangible Assets | $ -23.99 M | |
| Net Working Capital | $ -27.36 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.423 | |
| Current Ratio | 0.684 | |
| Current Ratio QoQ | -3.351 % | |
| Current Ratio YoY | -3.828 % | |
| Current Ratio IPRWA | high: 6.775 mean: 2.031 median: 1.653 COE: 0.684 low: 0.325 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -0.796 | |
| Cost Of Debt | 4.872 % | |
| Interest Coverage Ratio | -24.31 | |
| Interest Coverage Ratio QoQ | 52.719 % | |
| Interest Coverage Ratio YoY | 428.881 % | |
| Interest Coverage Ratio IPRWA | high: 84.737 mean: 20.276 median: 9.076 low: -23.424 COE: -24.31 |
|
| Operating Cash Flow Ratio | -0.055 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 22.534 % | |
| Revenue Growth | 29.101 % | |
| Revenue Growth QoQ | 146.87 % | |
| Revenue Growth YoY | 3.32 % | |
| Revenue Growth IPRWA | COE: 29.101 % high: 22.509 % median: 21.391 % mean: 15.613 % low: -26.045 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | 73.259 % | |
| Gross Margin QoQ | -1.798 % | |
| Gross Margin YoY | -6.973 % | |
| Gross Margin IPRWA | high: 88.469 % COE: 73.259 % median: 56.571 % mean: 55.241 % low: 20.91 % |
|
| EBIT Margin | -15.786 % | |
| EBIT Margin QoQ | 18.3 % | |
| EBIT Margin YoY | 182.094 % | |
| EBIT Margin IPRWA | high: 29.284 % median: 20.409 % mean: 18.228 % COE: -15.786 % low: -51.547 % |
|
| Return On Sales (ROS) | -15.786 % | |
| Return On Sales QoQ | 18.3 % | |
| Return On Sales YoY | 182.094 % | |
| Return On Sales IPRWA | high: 27.787 % median: 20.409 % mean: 18.074 % COE: -15.786 % low: -51.547 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | -18.057 % | |
| Cash Flow To Earnings | 1.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | -8.073 % | |
| Return On Assets QoQ | 30.399 % | |
| Return On Assets YoY | 362.106 % | |
| Return On Assets IPRWA | high: 5.867 % median: 2.974 % mean: 2.672 % COE: -8.073 % low: -9.118 % |
|
| Return On Capital Employed (ROCE) | 19.121 % | |
| Return On Equity (ROE) | 0.199 | |
| Return On Equity QoQ | 21.094 % | |
| Return On Equity YoY | 329.466 % | |
| Return On Equity IPRWA | high: 0.328 COE: 0.199 median: 0.057 mean: 0.054 low: -0.133 |
|
| DuPont ROE | 22.388 % | |
| Return On Invested Capital (ROIC) | 13.035 % | |
| Return On Invested Capital QoQ | 18.511 % | |
| Return On Invested Capital YoY | 448.611 % | |
| Return On Invested Capital IPRWA | high: 14.048 % COE: 13.035 % median: 5.742 % mean: 4.966 % low: -12.073 % |
|