Technical Analysis
ADX at 32.19 indicates a strong trend environment supporting directional conviction; directional indicators show DI+ at 16.68 with a dip & reversal and DI- at 31.18 with a peak & reversal, both patterns skewing technical bias toward bullish continuation relative to current valuation.
MACD sits at -0.77 with a dip & reversal while the MACD signal line reads -0.83; the MACD crossed above its signal line, generating a bullish momentum confirmation that aligns with the ADX structure.
MRO registers -19.79, a negative value that places the present price below WMDST’s target and implies upward pressure on the price toward the firm’s valuation target.
RSI at 47.97 with a dip & reversal indicates momentum attempting to re-accelerate without overbought conditions; this leaves room for directional moves that track the MACD and DI signals.
Price relationships versus moving averages show the close at $12.02 above the 200‑day average of $10.30 but below the 50‑day average of $14.19, a structure that historically permits rally attempts that can stall near the 50‑day average unless momentum confirms a breakout.
Bollinger band placement finds the close slightly above the 1× upper band ($11.88) and below the 2× upper band ($12.33), a position consistent with a mild volatility expansion on upside pressure; short‑term beta at 3.68 signals elevated intraperiod volatility versus the 52‑week beta of 1.25.
Fundamental Analysis
Top line: total revenue registers at $24,144,832 and revenue growth year‑over‑year measures 5.37%; the broader revenue growth metric reads 10.07%, reflecting recent scaling from product additions. Gross margin equals 35.55%, above the industry peer mean of 24.49% and the industry peer median of 20.28%, supporting above‑peer unit economics.
Profitability and coverage: EBIT stands at $3,518,955 with an EBIT margin of 14.57%, above the industry peer mean of 12.75% and above the industry peer median of 11.68%; EBIT margin contracted QoQ by 54.26% and declined YoY by 16.59%. Interest coverage at 8.64 exceeds the industry peer mean of 5.65, indicating comfortable ability to service interest despite elevated short‑term margin pressure.
Cash flow and liquidity: operating cash flow equals $7,206,836 and free cash flow equals $3,518,923, producing a free cash flow yield of 1.46%. Free cash flow converts to roughly 144.0% of net income, while the cash conversion cycle stands at 175.17 days with a slight YoY improvement of 15.89%. Current ratio at 3.53 sits above the industry peer mean of 1.55 and the industry peer median of 1.29, reflecting ample short‑term liquidity.
Leverage and efficiency: debt to assets equals 25.34%, below the industry peer mean of 30.06%, and debt to EBITDA reads 5.36. Asset turnover registers 0.266, above the industry peer mean of 0.168 and the industry peer median of 0.146, showing relatively efficient asset utilization for the sector.
Earnings metrics: EPS actual at $0.14 missed the $0.16 estimate by $0.02, an EPS surprise of -12.5%. Reported PE ratio equals 99.15, above the industry peer mean of 64.08 and the industry peer median of 82.30; forward PE stands near 100.56. Return on equity measures 4.30%, essentially at the industry peer median of 4.30% and below the industry peer mean of 5.60%.
Valuation note: WMDST values the stock as under‑valued. That conclusion reflects above‑peer gross and EBIT margins, strong operating cash conversion, and a free cash flow yield of 1.46% set against a premium P/E and an enterprise multiple of 60.90; the valuation view balances the company’s margin profile and cash generation against elevated earnings multiple metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-14 |
| NEXT REPORT DATE: | 2025-11-12 |
| CASH FLOW | Begin Period Cash Flow | $ 1.2 M |
| Operating Cash Flow | $ 7.2 M | |
| Capital Expenditures | $ -3.69 M | |
| Change In Working Capital | $ 3.6 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -623.89 K | |
| End Period Cash Flow | $ 601.8 K | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 24.1 M | |
| Forward Revenue | $ 4.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 15.6 M | |
| Depreciation | $ 820.4 K | |
| Depreciation and Amortization | $ 820.4 K | |
| Research and Development | $ 916.8 K | |
| Total Operating Expenses | $ 20.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 8.6 M | |
| EBITDA | $ 4.3 M | |
| EBIT | $ 3.5 M | |
| Operating Income | $ 3.5 M | |
| Interest Income | $ 4.6 K | |
| Interest Expense | $ 407.5 K | |
| Net Interest Income | $ -402.84 K | |
| Income Before Tax | $ 3.1 M | |
| Tax Provision | $ 667.7 K | |
| Tax Rate | 21.459 % | |
| Net Income | $ 2.4 M | |
| Net Income From Continuing Operations | $ 2.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.16 | |
| EPS Actual | $ 0.14 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -12.5 % | |
| Forward EPS | $ 0.10 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 91.8 M | |
| Intangible Assets | $ 30.8 M | |
| Net Tangible Assets | $ 26.0 M | |
| Total Current Assets | $ 39.8 M | |
| Cash and Short-Term Investments | $ 601.8 K | |
| Cash | $ 601.8 K | |
| Net Receivables | $ 11.5 M | |
| Inventory | $ 20.7 M | |
| Long-Term Investments | $ 397.9 K | |
| LIABILITIES | ||
| Accounts Payable | $ 5.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 11.3 M | |
| Net Debt | $ 22.7 M | |
| Total Debt | $ 23.3 M | |
| Total Liabilities | $ 35.0 M | |
| EQUITY | ||
| Total Equity | $ 56.8 M | |
| Retained Earnings | $ 21.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 3.23 | |
| Shares Outstanding | 17.620 M | |
| Revenue Per-Share | $ 1.37 | |
| VALUATION | Market Capitalization | $ 241.6 M |
| Enterprise Value | $ 264.3 M | |
| Enterprise Multiple | 60.9 | |
| Enterprise Multiple QoQ | 210.323 % | |
| Enterprise Multiple YoY | 38.412 % | |
| Enterprise Multiple IPRWA | high: 323.415 mean: 113.313 median: 66.53 ISSC: 60.9 low: -67.542 |
|
| EV/R | 10.945 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.616 | |
| Asset To Liability | 2.623 | |
| Debt To Capital | 0.291 | |
| Debt To Assets | 0.253 | |
| Debt To Assets QoQ | -16.874 % | |
| Debt To Assets YoY | 53.66 % | |
| Debt To Assets IPRWA | high: 0.871 mean: 0.301 median: 0.295 ISSC: 0.253 low: 0.0 |
|
| Debt To Equity | 0.41 | |
| Debt To Equity QoQ | -20.016 % | |
| Debt To Equity YoY | 79.38 % | |
| Debt To Equity IPRWA | high: 1.727 median: 0.653 mean: 0.629 ISSC: 0.41 low: -0.606 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.255 | |
| Price To Book QoQ | 84.361 % | |
| Price To Book YoY | 70.097 % | |
| Price To Book IPRWA | high: 19.536 mean: 7.492 median: 5.1 ISSC: 4.255 low: -3.173 |
|
| Price To Earnings (P/E) | 99.148 | |
| Price To Earnings QoQ | 322.596 % | |
| Price To Earnings YoY | 42.764 % | |
| Price To Earnings IPRWA | high: 273.833 ISSC: 99.148 median: 82.296 mean: 64.082 low: -168.63 |
|
| PE/G Ratio | -1.808 | |
| Price To Sales (P/S) | 10.007 | |
| Price To Sales QoQ | 77.751 % | |
| Price To Sales YoY | 9.008 % | |
| Price To Sales IPRWA | high: 84.443 mean: 13.906 ISSC: 10.007 median: 9.287 low: 1.02 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 100.563 | |
| Forward PE/G | -1.834 | |
| Forward P/S | 55.565 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -4.931 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.266 | |
| Asset Turnover Ratio QoQ | 3.69 % | |
| Asset Turnover Ratio YoY | 32.62 % | |
| Asset Turnover Ratio IPRWA | high: 0.392 ISSC: 0.266 mean: 0.168 median: 0.146 low: 0.0 |
|
| Receivables Turnover | 1.904 | |
| Receivables Turnover Ratio QoQ | -6.51 % | |
| Receivables Turnover Ratio YoY | 8.362 % | |
| Receivables Turnover Ratio IPRWA | high: 8.068 mean: 3.545 median: 2.312 ISSC: 1.904 low: 0.002 |
|
| Inventory Turnover | 0.786 | |
| Inventory Turnover Ratio QoQ | 26.644 % | |
| Inventory Turnover Ratio YoY | 69.608 % | |
| Inventory Turnover Ratio IPRWA | high: 5.2 mean: 1.531 median: 0.929 ISSC: 0.786 low: 0.23 |
|
| Days Sales Outstanding (DSO) | 47.92 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 175.169 | |
| Cash Conversion Cycle Days QoQ | -2.794 % | |
| Cash Conversion Cycle Days YoY | -15.886 % | |
| Cash Conversion Cycle Days IPRWA | high: 425.979 ISSC: 175.169 mean: 131.161 median: 73.581 low: -296.124 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.846 | |
| CapEx To Revenue | -0.153 | |
| CapEx To Depreciation | -4.495 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 80.0 M | |
| Net Invested Capital | $ 80.0 M | |
| Invested Capital | $ 80.0 M | |
| Net Tangible Assets | $ 26.0 M | |
| Net Working Capital | $ 28.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.053 | |
| Current Ratio | 3.53 | |
| Current Ratio QoQ | -27.502 % | |
| Current Ratio YoY | 116.204 % | |
| Current Ratio IPRWA | high: 8.623 ISSC: 3.53 mean: 1.551 median: 1.286 low: 0.225 |
|
| Quick Ratio | 1.693 | |
| Quick Ratio QoQ | -36.251 % | |
| Quick Ratio YoY | 131.052 % | |
| Quick Ratio IPRWA | high: 4.407 ISSC: 1.693 mean: 0.997 median: 0.833 low: 0.28 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.36 | |
| Cost Of Debt | 1.263 % | |
| Interest Coverage Ratio | 8.636 | |
| Interest Coverage Ratio QoQ | -52.139 % | |
| Interest Coverage Ratio YoY | -27.415 % | |
| Interest Coverage Ratio IPRWA | high: 34.5 ISSC: 8.636 mean: 5.649 median: 5.25 low: -78.651 |
|
| Operating Cash Flow Ratio | 0.362 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 41.993 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.112 % | |
| Revenue Growth | 10.068 % | |
| Revenue Growth QoQ | -73.059 % | |
| Revenue Growth YoY | 5.369 % | |
| Revenue Growth IPRWA | high: 47.672 % ISSC: 10.068 % mean: 7.396 % median: 6.279 % low: -42.745 % |
|
| Earnings Growth | -54.839 % | |
| Earnings Growth QoQ | -108.437 % | |
| Earnings Growth YoY | -291.383 % | |
| Earnings Growth IPRWA | high: 145.482 % mean: 16.948 % median: 6.122 % ISSC: -54.839 % low: -91.045 % |
|
| MARGINS | ||
| Gross Margin | 35.545 % | |
| Gross Margin QoQ | -30.798 % | |
| Gross Margin YoY | -33.404 % | |
| Gross Margin IPRWA | high: 98.953 % ISSC: 35.545 % mean: 24.489 % median: 20.277 % low: -30.868 % |
|
| EBIT Margin | 14.574 % | |
| EBIT Margin QoQ | -54.256 % | |
| EBIT Margin YoY | -16.591 % | |
| EBIT Margin IPRWA | high: 46.133 % ISSC: 14.574 % mean: 12.747 % median: 11.677 % low: -146.486 % |
|
| Return On Sales (ROS) | 14.555 % | |
| Return On Sales QoQ | -54.316 % | |
| Return On Sales YoY | -16.7 % | |
| Return On Sales IPRWA | high: 46.714 % ISSC: 14.555 % mean: 11.599 % median: 9.944 % low: -147.434 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 3.5 M | |
| Free Cash Flow Yield | 1.456 % | |
| Free Cash Flow Yield QoQ | -770.968 % | |
| Free Cash Flow Yield YoY | 115.066 % | |
| Free Cash Flow Yield IPRWA | high: 7.303 % ISSC: 1.456 % median: 0.491 % mean: 0.377 % low: -5.224 % |
|
| Free Cash Growth | -1414.281 % | |
| Free Cash Growth QoQ | 1109.356 % | |
| Free Cash Growth YoY | -262.649 % | |
| Free Cash Growth IPRWA | high: 522.826 % mean: -65.79 % median: -91.266 % low: -646.535 % ISSC: -1414.281 % |
|
| Free Cash To Net Income | 1.44 | |
| Cash Flow Margin | 16.899 % | |
| Cash Flow To Earnings | 1.67 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.69 % | |
| Return On Assets QoQ | -56.863 % | |
| Return On Assets YoY | 1.701 % | |
| Return On Assets IPRWA | high: 6.423 % ISSC: 2.69 % median: 1.11 % mean: 1.085 % low: -22.89 % |
|
| Return On Capital Employed (ROCE) | 4.371 % | |
| Return On Equity (ROE) | 0.043 | |
| Return On Equity QoQ | -56.849 % | |
| Return On Equity YoY | 19.694 % | |
| Return On Equity IPRWA | high: 0.185 mean: 0.056 ISSC: 0.043 median: 0.043 low: -0.255 |
|
| DuPont ROE | 4.431 % | |
| Return On Invested Capital (ROIC) | 3.453 % | |
| Return On Invested Capital QoQ | -50.544 % | |
| Return On Invested Capital YoY | -80.966 % | |
| Return On Invested Capital IPRWA | high: 10.128 % ISSC: 3.453 % mean: 2.246 % median: 2.101 % low: -18.67 % |
|