Recent News
On July 24, 2025 the company announced Larry L. Wood will become president and CEO effective September 2, 2025, with Dr. Reza Zadno retiring September 1, 2025; the release also pre-announced second-quarter 2025 revenue of approximately $79.2 million. On August 6, 2025 the company reported second-quarter 2025 results, disclosing $79.2 million in revenue (up 48% year-over-year), 51 U.S. robotic systems sold in the quarter, international revenue growth of 69%, and an upward revision to fiscal 2025 revenue guidance to $325.5 million.
Technical Analysis
Directional Indicators (ADX / DI+ / DI-): ADX at 22.61 signals an emerging trend in strength rather than a strong, sustained trend; DI+ experienced a peak-and-reversal, which reads as bearish, while DI- is decreasing and therefore reads as bullish. The combination implies short-term conflict between upside momentum and recent selling pressure, producing a mixed but narrowing technical bias toward stabilization.
MACD: MACD stands at -1.99 with the MACD line above its signal (-2.38), and the MACD trend shows increasing momentum; that cross above the signal line constitutes a bullish momentum signal despite the negative absolute MACD value.
MRO: MRO sits at -3.94 with a dip-and-reversal pattern; negative MRO indicates price below model target and therefore potential upside pressure, while the dip-and-reversal points toward a developing bullish corrective phase relative to that target.
RSI: RSI at 38.23 with a dip-and-reversal pattern indicates momentum recovering from a recent pullback and leaves room for upward movement before reaching overbought territory.
Price Versus Moving Averages & Bollinger: Last close $38.03 crossed above the -1x standard-deviation Bollinger band, signaling a short-term lift from oversold levels. Price sits just under the 20-day average ($38.66) and well below the 50-day ($45.56) and 200-day ($60.85), which frames near-term upside targets at the short-term moving averages while longer-term averages remain out of reach absent sustained follow-through.
Ichimoku & Support/Resistance: Chikou span below the Ichimoku cloud and Senkou lines (Senkou A $49.24 / Senkou B $51.98) highlight longer-term bearish pressure; the super trend upper at $42.41 provides immediate resistance above current price.
Volume & Volatility: Daily volume (~874k) trades below the 10-day average (~1.08M), suggesting lower conviction on recent price moves. Volatility measures (42-day and 52-week) remain muted at 0.04, indicating tighter ranges for swing setups.
Fundamental Analysis
Revenue & Growth: Total revenue $79,182,000 for the period. YoY revenue growth registers at -26.79% while an alternative growth metric registers 14.49%; quarter-over-quarter revenue growth shows a large positive move of 967.65% in the supplied QoQ field. The company reported strong consumable and system revenue in recent quarters, reflected in sequential and annual top-line strength reported by management.
Margins & Profitability: Gross margin stands at 65.35%. Operating margin at -28.02% and EBIT margin at -23.60% reflect ongoing operating losses; EBIT margin contracted QoQ by -31.61% and YoY by -48.82%. EBIT margin compares unfavorably with the industry peer mean of 18.59% and industry peer median of 17.48%.
Earnings Per Share: Reported EPS at -$0.35 versus an estimate of -$0.41, producing an EPS surprise ratio of +14.63%, which signals a smaller-than-expected per-share loss for the reported period.
Cash, Liquidity & Capital Structure: Cash and short-term investments total $302,717,000 with a cash ratio of 6.09 and current ratio of 9.21, indicating substantial near-term liquidity relative to liabilities. Total debt sits at $79,367,000 with debt-to-equity of 0.206. Operating cash flow reads -$15,043,000 and free cash flow -$17,845,000, yielding a free cash flow yield of -0.65%.
Efficiency & Returns: Asset turnover at 0.153 reflects modest revenue generation from assets and sits above the industry peer mean of 0.121. Return on equity at -5.08% and return on assets at -3.79% remain negative, driven by operating losses.
Valuation: Price-to-book at 7.12 sits slightly above the industry peer mean of 6.29 and median of 6.87. Price-to-sales at 34.70 remains elevated versus a peer mean of 32.43. Forward metrics remain negative for earnings-based multiples. The current valuation as determined by WMDST registers as under-valued given the combination of cash resources, procedural momentum, and growth outlook, despite ongoing negative profitability and elevated market multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-10-23 |
| CASH FLOW | Begin Period Cash Flow | $ 319.2 M |
| Operating Cash Flow | $ -15.04 M | |
| Capital Expenditures | $ -2.80 M | |
| Change In Working Capital | $ -9.50 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -13.49 M | |
| End Period Cash Flow | $ 305.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 79.2 M | |
| Forward Revenue | $ 18.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 27.4 M | |
| Depreciation | $ 1.6 M | |
| Depreciation and Amortization | $ 1.6 M | |
| Research and Development | $ 17.6 M | |
| Total Operating Expenses | $ 101.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 51.7 M | |
| EBITDA | $ -17.09 M | |
| EBIT | $ -18.68 M | |
| Operating Income | $ -22.19 M | |
| Interest Income | $ 3.5 M | |
| Interest Expense | $ 895.0 K | |
| Net Interest Income | $ 2.6 M | |
| Income Before Tax | $ -19.58 M | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | $ -19.58 M | |
| Net Income From Continuing Operations | $ -19.58 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.41 | |
| EPS Actual | $ -0.35 | |
| EPS Difference | $ 0.06 | |
| EPS Surprise | 14.634 % | |
| Forward EPS | $ -0.33 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 513.1 M | |
| Intangible Assets | $ 795.0 K | |
| Net Tangible Assets | $ 385.0 M | |
| Total Current Assets | $ 458.1 M | |
| Cash and Short-Term Investments | $ 302.7 M | |
| Cash | $ 302.7 M | |
| Net Receivables | $ 80.8 M | |
| Inventory | $ 67.0 M | |
| Long-Term Investments | $ 7.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 11.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 49.7 M | |
| Net Debt | — | |
| Total Debt | $ 79.4 M | |
| Total Liabilities | $ 127.3 M | |
| EQUITY | ||
| Total Equity | $ 385.8 M | |
| Retained Earnings | $ -590.30 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.94 | |
| Shares Outstanding | 55.577 M | |
| Revenue Per-Share | $ 1.42 | |
| VALUATION | Market Capitalization | $ 2.7 B |
| Enterprise Value | $ 2.5 B | |
| Enterprise Multiple | -147.649 | |
| Enterprise Multiple QoQ | 4.967 % | |
| Enterprise Multiple YoY | 13.106 % | |
| Enterprise Multiple IPRWA | high: 123.29 median: 110.415 mean: 94.983 low: -124.374 PRCT: -147.649 |
|
| EV/R | 31.877 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.33 | |
| Asset To Liability | 4.032 | |
| Debt To Capital | 0.171 | |
| Debt To Assets | 0.155 | |
| Debt To Assets QoQ | -1.79 % | |
| Debt To Assets YoY | 3170.613 % | |
| Debt To Assets IPRWA | high: 0.843 mean: 0.299 median: 0.292 PRCT: 0.155 low: 0.0 |
|
| Debt To Equity | 0.206 | |
| Debt To Equity QoQ | -2.145 % | |
| Debt To Equity YoY | 2826.316 % | |
| Debt To Equity IPRWA | high: 3.369 mean: 0.632 median: 0.579 PRCT: 0.206 low: -0.395 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 7.121 | |
| Price To Book QoQ | -18.084 % | |
| Price To Book YoY | -44.956 % | |
| Price To Book IPRWA | high: 16.759 PRCT: 7.121 median: 6.869 mean: 6.286 low: -5.981 |
|
| Price To Earnings (P/E) | -163.125 | |
| Price To Earnings QoQ | 18.726 % | |
| Price To Earnings YoY | 29.952 % | |
| Price To Earnings IPRWA | high: 249.6 mean: 137.468 median: 121.658 PRCT: -163.125 low: -167.592 |
|
| PE/G Ratio | 7.341 | |
| Price To Sales (P/S) | 34.697 | |
| Price To Sales QoQ | -29.067 % | |
| Price To Sales YoY | -43.17 % | |
| Price To Sales IPRWA | high: 73.117 PRCT: 34.697 mean: 32.427 median: 24.499 low: 0.6 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | -178.419 | |
| Forward PE/G | 8.029 | |
| Forward P/S | 147.041 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.498 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.153 | |
| Asset Turnover Ratio QoQ | 16.815 % | |
| Asset Turnover Ratio YoY | 8.857 % | |
| Asset Turnover Ratio IPRWA | high: 0.412 PRCT: 0.153 median: 0.124 mean: 0.121 low: 0.008 |
|
| Receivables Turnover | 0.989 | |
| Receivables Turnover Ratio QoQ | 16.404 % | |
| Receivables Turnover Ratio YoY | 6.614 % | |
| Receivables Turnover Ratio IPRWA | high: 3.133 mean: 1.737 median: 1.672 PRCT: 0.989 low: 0.374 |
|
| Inventory Turnover | 0.424 | |
| Inventory Turnover Ratio QoQ | 0.524 % | |
| Inventory Turnover Ratio YoY | -17.102 % | |
| Inventory Turnover Ratio IPRWA | high: 2.014 mean: 0.649 median: 0.568 PRCT: 0.424 low: 0.084 |
|
| Days Sales Outstanding (DSO) | 92.241 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 279.756 | |
| Cash Conversion Cycle Days QoQ | -0.548 % | |
| Cash Conversion Cycle Days YoY | 11.259 % | |
| Cash Conversion Cycle Days IPRWA | high: 448.876 PRCT: 279.756 mean: 170.619 median: 167.784 low: -175.55 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.194 | |
| CapEx To Revenue | -0.035 | |
| CapEx To Depreciation | -1.764 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 437.3 M | |
| Net Invested Capital | $ 437.3 M | |
| Invested Capital | $ 437.3 M | |
| Net Tangible Assets | $ 385.0 M | |
| Net Working Capital | $ 408.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 6.088 | |
| Current Ratio | 9.212 | |
| Current Ratio QoQ | 2.964 % | |
| Current Ratio YoY | 22.61 % | |
| Current Ratio IPRWA | high: 13.958 PRCT: 9.212 mean: 2.526 median: 1.718 low: 0.027 |
|
| Quick Ratio | 7.864 | |
| Quick Ratio QoQ | 1.475 % | |
| Quick Ratio YoY | 21.182 % | |
| Quick Ratio IPRWA | high: 12.697 PRCT: 7.864 mean: 1.862 median: 1.167 low: 0.315 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -4.643 | |
| Cost Of Debt | 1.04 % | |
| Interest Coverage Ratio | -20.875 | |
| Interest Coverage Ratio QoQ | -23.272 % | |
| Interest Coverage Ratio YoY | -12.583 % | |
| Interest Coverage Ratio IPRWA | high: 52.298 mean: 15.574 median: 11.456 PRCT: -20.875 low: -88.481 |
|
| Operating Cash Flow Ratio | -0.549 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 48.561 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.217 % | |
| Revenue Growth | 14.488 % | |
| Revenue Growth QoQ | 967.649 % | |
| Revenue Growth YoY | -26.788 % | |
| Revenue Growth IPRWA | high: 26.158 % PRCT: 14.488 % median: 7.833 % mean: 6.291 % low: -39.052 % |
|
| Earnings Growth | -22.222 % | |
| Earnings Growth QoQ | -177.778 % | |
| Earnings Growth YoY | 1033.197 % | |
| Earnings Growth IPRWA | high: 166.667 % mean: 11.437 % median: 9.851 % PRCT: -22.222 % low: -180.612 % |
|
| MARGINS | ||
| Gross Margin | 65.351 % | |
| Gross Margin QoQ | 2.348 % | |
| Gross Margin YoY | 10.751 % | |
| Gross Margin IPRWA | high: 91.006 % PRCT: 65.351 % median: 63.683 % mean: 62.179 % low: -7.085 % |
|
| EBIT Margin | -23.595 % | |
| EBIT Margin QoQ | -31.607 % | |
| EBIT Margin YoY | -48.819 % | |
| EBIT Margin IPRWA | high: 33.709 % mean: 18.594 % median: 17.478 % PRCT: -23.595 % low: -200.872 % |
|
| Return On Sales (ROS) | -28.023 % | |
| Return On Sales QoQ | -18.772 % | |
| Return On Sales YoY | -39.214 % | |
| Return On Sales IPRWA | high: 39.857 % mean: 19.123 % median: 18.374 % PRCT: -28.023 % low: -193.243 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -17.84 M | |
| Free Cash Flow Yield | -0.65 % | |
| Free Cash Flow Yield QoQ | 16.906 % | |
| Free Cash Flow Yield YoY | 26.214 % | |
| Free Cash Flow Yield IPRWA | high: 4.685 % median: 0.712 % mean: 0.68 % PRCT: -0.65 % low: -19.501 % |
|
| Free Cash Growth | -5.161 % | |
| Free Cash Growth QoQ | -88.255 % | |
| Free Cash Growth YoY | -89.877 % | |
| Free Cash Growth IPRWA | high: 310.383 % mean: 85.817 % median: 14.619 % PRCT: -5.161 % low: -376.098 % |
|
| Free Cash To Net Income | 0.911 | |
| Cash Flow Margin | -34.46 % | |
| Cash Flow To Earnings | 1.394 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | -3.793 % | |
| Return On Assets QoQ | -19.246 % | |
| Return On Assets YoY | -43.957 % | |
| Return On Assets IPRWA | high: 16.404 % mean: 1.764 % median: 1.686 % PRCT: -3.793 % low: -26.44 % |
|
| Return On Capital Employed (ROCE) | -4.032 % | |
| Return On Equity (ROE) | -0.051 | |
| Return On Equity QoQ | -20.167 % | |
| Return On Equity YoY | -50.138 % | |
| Return On Equity IPRWA | high: 0.175 median: 0.032 mean: 0.029 PRCT: -0.051 low: -0.524 |
|
| DuPont ROE | -5.053 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |