Recent News
On June 16, 2026 the company entered into a definitive agreement to be acquired by affiliates of Altaris, LLC in an all-cash transaction valuing the deal at roughly $375 million and providing $18.50 per share to stockholders, cited as a premium to recent trading.
Technical Analysis
ADX at 39.89 signals a strong trend environment; such trend strength increases the odds that current directional forces persist over the near term and therefore amplifies any price reaction tied to corporate news or takeover dynamics.
Directional indicators show DI+ at 26.65 with a peak-and-reversal pattern, which reads as bearish momentum on directional breadth; DI- at 11.46 trends decreasing, which provides a partial offset but does not negate the DI+ peak-and-reversal bearish interpretation.
MACD sits at 0.14 below its signal line at 0.18 with a peak-and-reversal MACD trend, indicating bearish momentum and that momentum has recently weakened relative to its prior run.
MRO at 17.36 with a peak-and-reversal profile places price above the model target and therefore signals potential for mean reversion toward that target; the positive MRO implies limited immediate upside pressure absent fresh buying catalysts.
RSI at 63.17 with a dip-and-reversal pattern reads bullish on short-term price recovery pressure; this suggests intraday/short-horizon strength may persist even while momentum indicators (MACD, DI+) show strain.
Price sits above the 12- and 26-day EMAs (price12dayEMA 18.34 increasing; price26dayEMA 18.23), and above short- and long-term averages (20-day 18.34, 50-day 17.99, 200-day 16.27). Tight Bollinger band widths (upper ~18.37, lower ~18.31) indicate compressed volatility; low recent volumes relative to moving averages reduce follow-through risk for any breakout move.
Fundamental Analysis
Revenue totaled $21,886,000 for the period ending May 31, 2026. Year-over-year revenue growth registers +7.35% while the most recent quarter shows a pronounced QoQ decline; the YoY improvement contrasts with quarter-to-quarter timing effects and seasonal variability.
Operating performance shows EBIT $4,499,000 and EBITDA $5,867,000, with an operating (EBIT) margin of 20.56%. That EBIT margin sits below the industry peer mean of 22.914% and well under the industry peer median of 30.932%, while still representing a meaningful YoY improvement of +39.77% and a QoQ contraction of -11.30%.
Profitability returns remain low in absolute terms: return on assets 2.39% and return on equity 2.57%, both marginally below the industry peer means for those measures. Net income reached $3,575,000 and EPS came in at $0.30 versus an estimate of $0.23, producing an EPS surprise ratio of +30.44%.
Liquidity and balance-sheet strength stand out: cash $35,324,000, cash and short-term investments $49,990,000, current ratio 5.54 and cash ratio 3.68. Total debt equals $487,000, producing negligible leverage (debt to assets ~0.32%). The company converts earnings to cash efficiently (cash flow to earnings ~205%) and free cash flow equals $7,948,000 with a free cash flow yield of 2.42%.
Valuation metrics show a trailing P/E of 54.17 and a forward P/E near 65.61; enterprise multiple registers 47.56 while EV/Revenue (EVR) sits at 12.75. WMDST values the stock as under-valued, a conclusion driven by exceptionally strong liquidity, minimal leverage, and positive free cash generation despite high multiple metrics that reflect growth expectations and transaction premium dynamics. Recent investor materials and the company’s third-quarter fiscal 2026 disclosure provide the underlying results and context for these fundamental points.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-05-31 |
| REPORT DATE: | 2026-07-09 |
| NEXT REPORT DATE: | 2026-10-08 |
| CASH FLOW | Begin Period Cash Flow | $ 25.7 M |
| Operating Cash Flow | $ 8.7 M | |
| Capital Expenditures | $ -761.00 K | |
| Change In Working Capital | — | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 9.6 M | |
| End Period Cash Flow | $ 35.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 21.9 M | |
| Forward Revenue | $ 6.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 6.8 M | |
| Depreciation | $ 1.4 M | |
| Depreciation and Amortization | $ 1.4 M | |
| Research and Development | $ 3.4 M | |
| Total Operating Expenses | $ 17.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 15.1 M | |
| EBITDA | $ 5.9 M | |
| EBIT | $ 4.5 M | |
| Operating Income | $ 4.5 M | |
| Interest Income | $ 344.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 344.0 K | |
| Income Before Tax | $ 4.8 M | |
| Tax Provision | $ 1.2 M | |
| Tax Rate | 26.0 % | |
| Net Income | $ 3.6 M | |
| Net Income From Continuing Operations | $ 3.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.23 | |
| EPS Actual | $ 0.30 | |
| EPS Difference | $ 0.07 | |
| EPS Surprise | 30.435 % | |
| Forward EPS | $ 0.22 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 153.0 M | |
| Intangible Assets | $ 71.4 M | |
| Net Tangible Assets | $ 67.6 M | |
| Total Current Assets | $ 75.1 M | |
| Cash and Short-Term Investments | $ 50.0 M | |
| Cash | $ 35.3 M | |
| Net Receivables | $ 17.2 M | |
| Inventory | — | |
| Long-Term Investments | $ 1.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 2.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 13.6 M | |
| Net Debt | — | |
| Total Debt | $ 487.0 K | |
| Total Liabilities | $ 13.9 M | |
| EQUITY | ||
| Total Equity | $ 139.0 M | |
| Retained Earnings | $ -25.58 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.88 | |
| Shares Outstanding | 20.216 M | |
| Revenue Per-Share | $ 1.08 | |
| VALUATION | Market Capitalization | $ 328.5 M |
| Enterprise Value | $ 279.0 M | |
| Enterprise Multiple | 47.561 | |
| Enterprise Multiple QoQ | 44.688 % | |
| Enterprise Multiple YoY | -20.434 % | |
| Enterprise Multiple IPRWA | high: 137.95 median: 73.952 mean: 67.88 SLP: 47.561 low: -20.4 |
|
| EV/R | 12.75 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.1 | |
| Asset To Liability | 10.973 | |
| Debt To Capital | 0.003 | |
| Debt To Assets | 0.003 | |
| Debt To Assets QoQ | -8.357 % | |
| Debt To Assets YoY | -40.561 % | |
| Debt To Assets IPRWA | high: 0.576 mean: 0.042 median: 0.011 low: 0.009 SLP: 0.003 |
|
| Debt To Equity | 0.004 | |
| Debt To Equity QoQ | -7.895 % | |
| Debt To Equity YoY | -39.759 % | |
| Debt To Equity IPRWA | high: 3.104 mean: 0.107 median: 0.014 low: 0.011 SLP: 0.004 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.363 | |
| Price To Book QoQ | 14.016 % | |
| Price To Book YoY | -15.297 % | |
| Price To Book IPRWA | high: 5.885 median: 3.869 mean: 3.531 SLP: 2.363 low: 0.094 |
|
| Price To Earnings (P/E) | 54.171 | |
| Price To Earnings QoQ | 38.178 % | |
| Price To Earnings YoY | 0.456 % | |
| Price To Earnings IPRWA | high: 220.299 median: 77.436 mean: 72.271 SLP: 54.171 low: -35.545 |
|
| PE/G Ratio | -3.792 | |
| Price To Sales (P/S) | 15.012 | |
| Price To Sales QoQ | 31.524 % | |
| Price To Sales YoY | -11.478 % | |
| Price To Sales IPRWA | high: 50.378 median: 32.011 mean: 26.968 SLP: 15.012 low: 0.761 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 65.611 | |
| Forward PE/G | -4.593 | |
| Forward P/S | 48.129 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.029 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.146 | |
| Asset Turnover Ratio QoQ | -14.455 % | |
| Asset Turnover Ratio YoY | 20.513 % | |
| Asset Turnover Ratio IPRWA | high: 0.353 SLP: 0.146 mean: 0.111 median: 0.098 low: 0.028 |
|
| Receivables Turnover | 1.237 | |
| Receivables Turnover Ratio QoQ | -22.759 % | |
| Receivables Turnover Ratio YoY | -4.975 % | |
| Receivables Turnover Ratio IPRWA | high: 2.963 SLP: 1.237 mean: 1.099 median: 0.966 low: 0.949 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 73.739 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 56.733 | |
| Cash Conversion Cycle Days QoQ | 21.064 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 94.513 median: 69.215 mean: 57.951 SLP: 56.733 low: -15.96 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.356 | |
| CapEx To Revenue | -0.035 | |
| CapEx To Depreciation | -0.556 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 139.0 M | |
| Net Invested Capital | $ 139.0 M | |
| Invested Capital | $ 139.0 M | |
| Net Tangible Assets | $ 67.6 M | |
| Net Working Capital | $ 61.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 3.685 | |
| Current Ratio | 5.538 | |
| Current Ratio QoQ | 1.173 % | |
| Current Ratio YoY | 8.359 % | |
| Current Ratio IPRWA | high: 9.945 SLP: 5.538 median: 4.738 mean: 4.343 low: 1.021 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.083 | |
| Cost Of Debt | 109.867 % | |
| Interest Coverage Ratio | 6.123 | |
| Interest Coverage Ratio QoQ | -20.089 % | |
| Interest Coverage Ratio YoY | 50.217 % | |
| Interest Coverage Ratio IPRWA | high: 33.284 median: 9.029 mean: 8.316 SLP: 6.123 low: -15.488 |
|
| Operating Cash Flow Ratio | 0.541 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 17.006 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.432 % | |
| Revenue Growth | -9.901 % | |
| Revenue Growth QoQ | -131.071 % | |
| Revenue Growth YoY | 7.351 % | |
| Revenue Growth IPRWA | high: 7.736 % median: 5.622 % mean: 4.758 % SLP: -9.901 % low: -12.762 % |
|
| Earnings Growth | -14.286 % | |
| Earnings Growth QoQ | -108.442 % | |
| Earnings Growth YoY | -131.633 % | |
| Earnings Growth IPRWA | high: 122.222 % mean: 8.999 % median: 8.738 % SLP: -14.286 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 69.117 % | |
| Gross Margin QoQ | 4.003 % | |
| Gross Margin YoY | 7.999 % | |
| Gross Margin IPRWA | high: 89.522 % median: 74.979 % mean: 72.554 % SLP: 69.117 % low: 12.388 % |
|
| EBIT Margin | 20.557 % | |
| EBIT Margin QoQ | -11.304 % | |
| EBIT Margin YoY | 39.767 % | |
| EBIT Margin IPRWA | high: 30.932 % median: 30.932 % mean: 22.914 % SLP: 20.557 % low: -79.321 % |
|
| Return On Sales (ROS) | 20.557 % | |
| Return On Sales QoQ | -11.304 % | |
| Return On Sales YoY | 39.767 % | |
| Return On Sales IPRWA | high: 30.932 % median: 30.932 % mean: 23.055 % SLP: 20.557 % low: -81.621 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 7.9 M | |
| Free Cash Flow Yield | 2.419 % | |
| Free Cash Flow Yield QoQ | 20.169 % | |
| Free Cash Flow Yield YoY | 18.404 % | |
| Free Cash Flow Yield IPRWA | high: 6.843 % median: 3.988 % mean: 3.135 % SLP: 2.419 % low: -14.954 % |
|
| Free Cash Growth | 42.437 % | |
| Free Cash Growth QoQ | -37.006 % | |
| Free Cash Growth YoY | -13.183 % | |
| Free Cash Growth IPRWA | high: 219.25 % SLP: 42.437 % mean: -13.127 % median: -52.29 % low: -308.543 % |
|
| Free Cash To Net Income | 2.223 | |
| Cash Flow Margin | 33.547 % | |
| Cash Flow To Earnings | 2.054 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.388 % | |
| Return On Assets QoQ | -25.141 % | |
| Return On Assets YoY | -105.956 % | |
| Return On Assets IPRWA | high: 2.882 % median: 2.882 % SLP: 2.388 % mean: 2.239 % low: -10.518 % |
|
| Return On Capital Employed (ROCE) | 3.227 % | |
| Return On Equity (ROE) | 0.026 | |
| Return On Equity QoQ | -24.159 % | |
| Return On Equity YoY | -104.727 % | |
| Return On Equity IPRWA | high: 0.064 median: 0.036 mean: 0.027 SLP: 0.026 low: -0.174 |
|
| DuPont ROE | 2.621 % | |
| Return On Invested Capital (ROIC) | 2.407 % | |
| Return On Invested Capital QoQ | -25.779 % | |
| Return On Invested Capital YoY | 9.409 % | |
| Return On Invested Capital IPRWA | high: 3.643 % median: 2.808 % SLP: 2.407 % mean: 2.053 % low: -10.271 % |
|