Recent News
On July 30, 2025 the company reported second-quarter results, citing that performance “lagged our expectations” and attributing the shortfall to “certain timing and operational issues”; the release included non‑GAAP EPS of $0.57. In the days after the report multiple plaintiff firms announced investigations into the company’s disclosures; law‑firm notices and investor alerts appeared in late July and August. The company announced an appointment to the senior finance role effective September 1, 2025.
Technical Analysis
ADX / DI+ / DI-: ADX at 32.15 shows a strong trend environment; DI‑negative sits at 33.23 with a dip‑and‑reversal pattern while DI‑positive reads 13.85 and is decreasing, producing a directional bias favoring sellers and strengthening the near‑term downside bias.
MACD: MACD at -2.06, declining and below its signal line (-1.66), signals bearish momentum and confirms selling pressure in short‑term momentum studies.
MRO: MRO registers -36.07 and trends downward; the negative value indicates price sits below the model target, implying potential for a corrective increase versus the target even as momentum indicators stay bearish.
RSI: RSI at 40.97 and decreasing places the stock below neutral momentum without reaching oversold extremes, consistent with continued consolidation and downside bias rather than exhausted selling.
Price Vs. Moving Averages & Bands: Last close $54.33 sits below the 20‑day average ($57.70), 50‑day average ($62.41) and 200‑day average ($69.67); the 12‑day EMA shows a decreasing trend. Price lies just under the 1x lower Bollinger band ($55.14), indicating short‑term volatility to the downside and potential for mean reversion attempts while trend indicators remain negative. Ichimoku components (Tenkan 58.15, Kijun 59.80, Senkou A 61.49, Senkou B 61.53) place price beneath short and base lines, reinforcing bearish structure.
Volume & Volatility: Daily volume (~299,893) sits slightly above the 10‑day average (~287,415) and near the 50‑day average, matching the heightened trading seen around the earnings release; 42‑day beta at 1.71 indicates elevated short‑term sensitivity versus the market.
Fundamental Analysis
Earnings & Revenue: Reported EPS $0.57 missed the estimate of $0.73, an EPS surprise of -21.92%. Total revenue $311,399,000 and reported YoY revenue growth of 31.53% with QoQ growth of 11.04% show top‑line expansion while profitability contracted.
Margins & Profitability: EBIT (operating) margin stands at 8.50%, down 18.11% QoQ and down 37.34% YoY; that margin sits below the industry peer mean of 22.01% and below the industry peer median of 23.11% but above the industry peer low of 3.95%, indicating compressed operating leverage relative to peers.
Cash, Liquidity & Cash Flow: Cash and short‑term investments $106,689,000 support a current ratio of 3.51 and quick ratio of 2.78, both well above the industry peer mean (current ratio mean 1.16). Operating cash flow $32,714,000 and free cash flow $17,780,000 produce a free cash flow yield of 0.90%, which exceeds the industry peer mean of 0.43%.
Capital Structure & Coverage: Net debt $337,997,000 yields debt‑to‑EBITDA of 9.23; interest coverage near 3.33 sits below the industry peer mean (~12.03). Debt‑to‑assets at 25.80% slightly exceeds the industry peer mean of 22.70%, while debt‑to‑equity 0.50 lies below the industry peer mean of 1.26. Dividend payout ratio registers ~89.97% with dividend coverage 1.11, indicating a high payout relative to earnings.
Valuation: Price multiples show P/E ~121.8x and forward P/E ~70.9x; P/B at 2.23x. WMDST values the stock as under-valued. Enterprise value metrics—EV/Revenue ~7.46 and enterprise multiple ~48.21—reflect a premium multiple structure versus some reference sets, while free cash flow yield sits above the industry peer mean, supporting a valuation disconnect between market multiples and cash conversion metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-10-29 |
| CASH FLOW | Begin Period Cash Flow | $ 119.4 M |
| Operating Cash Flow | $ 32.7 M | |
| Capital Expenditures | $ -14.93 M | |
| Change In Working Capital | $ 3.8 M | |
| Dividends Paid | $ -8.26 M | |
| Cash Flow Delta | $ -12.66 M | |
| End Period Cash Flow | $ 106.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 311.4 M | |
| Forward Revenue | $ 240.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 213.9 M | |
| Depreciation | $ 20.5 M | |
| Depreciation and Amortization | $ 21.8 M | |
| Research and Development | $ 12.6 M | |
| Total Operating Expenses | $ 284.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 97.5 M | |
| EBITDA | $ 48.2 M | |
| EBIT | $ 26.5 M | |
| Operating Income | $ 26.5 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | $ -5.15 M | |
| Income Before Tax | $ 13.6 M | |
| Tax Provision | $ 4.3 M | |
| Tax Rate | 31.3 % | |
| Net Income | $ 9.2 M | |
| Net Income From Continuing Operations | $ 9.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.73 | |
| EPS Actual | $ 0.57 | |
| EPS Difference | $ -0.16 | |
| EPS Surprise | -21.918 % | |
| Forward EPS | $ 0.96 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.7 B | |
| Intangible Assets | $ 221.7 M | |
| Net Tangible Assets | $ 666.9 M | |
| Total Current Assets | $ 775.1 M | |
| Cash and Short-Term Investments | $ 106.7 M | |
| Cash | $ 106.7 M | |
| Net Receivables | $ 248.7 M | |
| Inventory | $ 161.9 M | |
| Long-Term Investments | $ 112.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 96.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 220.8 M | |
| Net Debt | $ 338.0 M | |
| Total Debt | $ 444.7 M | |
| Total Liabilities | $ 829.3 M | |
| EQUITY | ||
| Total Equity | $ 888.6 M | |
| Retained Earnings | $ 1.1 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 29.42 | |
| Shares Outstanding | 29.468 M | |
| Revenue Per-Share | $ 10.31 | |
| VALUATION | Market Capitalization | $ 2.0 B |
| Enterprise Value | $ 2.3 B | |
| Enterprise Multiple | 48.211 | |
| Enterprise Multiple QoQ | 1.35 % | |
| Enterprise Multiple YoY | 24.286 % | |
| Enterprise Multiple IPRWA | high: 98.192 median: 98.192 mean: 85.496 AIN: 48.211 low: 43.071 |
|
| EV/R | 7.463 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.939 | |
| Asset To Liability | 2.078 | |
| Debt To Capital | 0.334 | |
| Debt To Assets | 0.258 | |
| Debt To Assets QoQ | 4.593 % | |
| Debt To Assets YoY | 16439.744 % | |
| Debt To Assets IPRWA | high: 0.579 AIN: 0.258 mean: 0.227 low: 0.151 median: 0.151 |
|
| Debt To Equity | 0.5 | |
| Debt To Equity QoQ | 8.152 % | |
| Debt To Equity YoY | 17645.745 % | |
| Debt To Equity IPRWA | high: 3.2 mean: 1.26 median: 0.987 AIN: 0.5 low: 0.251 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.235 | |
| Price To Book QoQ | -6.044 % | |
| Price To Book YoY | -20.736 % | |
| Price To Book IPRWA | high: 18.78 median: 14.299 mean: 12.245 AIN: 2.235 low: 0.685 |
|
| Price To Earnings (P/E) | 121.817 | |
| Price To Earnings QoQ | 25.462 % | |
| Price To Earnings YoY | 24.179 % | |
| Price To Earnings IPRWA | high: 141.405 median: 141.405 AIN: 121.817 mean: 117.917 low: 44.486 |
|
| PE/G Ratio | -5.558 | |
| Price To Sales (P/S) | 6.378 | |
| Price To Sales QoQ | -13.97 % | |
| Price To Sales YoY | -22.388 % | |
| Price To Sales IPRWA | high: 30.12 median: 24.823 mean: 21.479 AIN: 6.378 low: 0.34 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 70.872 | |
| Forward PE/G | -3.233 | |
| Forward P/S | 8.059 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.493 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.183 | |
| Asset Turnover Ratio QoQ | 5.471 % | |
| Asset Turnover Ratio YoY | -2.395 % | |
| Asset Turnover Ratio IPRWA | high: 0.198 AIN: 0.183 mean: 0.109 median: 0.088 low: 0.06 |
|
| Receivables Turnover | 1.234 | |
| Receivables Turnover Ratio QoQ | 4.083 % | |
| Receivables Turnover Ratio YoY | 2.497 % | |
| Receivables Turnover Ratio IPRWA | high: 2.944 mean: 1.614 median: 1.395 AIN: 1.234 low: 1.015 |
|
| Inventory Turnover | 1.325 | |
| Inventory Turnover Ratio QoQ | 5.718 % | |
| Inventory Turnover Ratio YoY | -1.185 % | |
| Inventory Turnover Ratio IPRWA | high: 1.718 AIN: 1.325 mean: 0.785 median: 0.628 low: 0.616 |
|
| Days Sales Outstanding (DSO) | 73.964 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 107.931 | |
| Cash Conversion Cycle Days QoQ | -5.003 % | |
| Cash Conversion Cycle Days YoY | -3.619 % | |
| Cash Conversion Cycle Days IPRWA | high: 125.082 median: 123.927 AIN: 107.931 mean: 97.052 low: 17.502 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.562 | |
| CapEx To Revenue | -0.048 | |
| CapEx To Depreciation | -0.728 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.3 B | |
| Net Invested Capital | $ 1.3 B | |
| Invested Capital | $ 1.3 B | |
| Net Tangible Assets | $ 666.9 M | |
| Net Working Capital | $ 554.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.483 | |
| Current Ratio | 3.511 | |
| Current Ratio QoQ | -4.986 % | |
| Current Ratio YoY | -2.2 % | |
| Current Ratio IPRWA | high: 3.906 AIN: 3.511 mean: 1.164 median: 1.037 low: 0.464 |
|
| Quick Ratio | 2.778 | |
| Quick Ratio QoQ | -4.886 % | |
| Quick Ratio YoY | -3.229 % | |
| Quick Ratio IPRWA | high: 2.9 AIN: 2.778 mean: 0.844 median: 0.727 low: 0.34 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 9.225 | |
| Cost Of Debt | 1.266 % | |
| Interest Coverage Ratio | 3.335 | |
| Interest Coverage Ratio QoQ | -11.697 % | |
| Interest Coverage Ratio YoY | -78.144 % | |
| Interest Coverage Ratio IPRWA | high: 16.12 median: 16.12 mean: 12.032 AIN: 3.335 low: 1.207 |
|
| Operating Cash Flow Ratio | 0.233 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 42.659 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.111 | |
| Dividend Payout Ratio | 0.9 | |
| Dividend Rate | $ 0.27 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.096 % | |
| Revenue Growth | 7.835 % | |
| Revenue Growth QoQ | 1103.533 % | |
| Revenue Growth YoY | 31.526 % | |
| Revenue Growth IPRWA | high: 13.692 % median: 10.952 % mean: 8.232 % AIN: 7.835 % low: -0.8 % |
|
| Earnings Growth | -21.918 % | |
| Earnings Growth QoQ | -184.75 % | |
| Earnings Growth YoY | 1872.817 % | |
| Earnings Growth IPRWA | high: 44.0 % median: 11.409 % mean: 9.351 % AIN: -21.918 % low: -31.765 % |
|
| MARGINS | ||
| Gross Margin | 31.313 % | |
| Gross Margin QoQ | -6.282 % | |
| Gross Margin YoY | -7.498 % | |
| Gross Margin IPRWA | high: 69.222 % mean: 43.977 % median: 37.888 % AIN: 31.313 % low: 9.995 % |
|
| EBIT Margin | 8.495 % | |
| EBIT Margin QoQ | -18.113 % | |
| EBIT Margin YoY | -37.339 % | |
| EBIT Margin IPRWA | high: 29.039 % median: 23.108 % mean: 22.006 % AIN: 8.495 % low: 3.949 % |
|
| Return On Sales (ROS) | 8.495 % | |
| Return On Sales QoQ | -18.113 % | |
| Return On Sales YoY | -37.339 % | |
| Return On Sales IPRWA | high: 28.211 % mean: 19.609 % median: 19.044 % AIN: 8.495 % low: 4.902 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 17.8 M | |
| Free Cash Flow Yield | 0.895 % | |
| Free Cash Flow Yield QoQ | -242.063 % | |
| Free Cash Flow Yield YoY | -61.621 % | |
| Free Cash Flow Yield IPRWA | high: 1.617 % AIN: 0.895 % median: 0.701 % mean: 0.43 % low: -1.442 % |
|
| Free Cash Growth | -231.919 % | |
| Free Cash Growth QoQ | 88.99 % | |
| Free Cash Growth YoY | -50.454 % | |
| Free Cash Growth IPRWA | high: 268.889 % mean: 72.883 % median: 47.502 % AIN: -231.919 % low: -452.267 % |
|
| Free Cash To Net Income | 1.936 | |
| Cash Flow Margin | 16.492 % | |
| Cash Flow To Earnings | 5.593 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.538 % | |
| Return On Assets QoQ | -48.269 % | |
| Return On Assets YoY | -61.211 % | |
| Return On Assets IPRWA | high: 3.214 % mean: 1.661 % median: 1.626 % AIN: 0.538 % low: 0.032 % |
|
| Return On Capital Employed (ROCE) | 1.76 % | |
| Return On Equity (ROE) | 0.01 | |
| Return On Equity QoQ | -46.421 % | |
| Return On Equity YoY | -59.411 % | |
| Return On Equity IPRWA | high: 0.169 median: 0.106 mean: 0.097 AIN: 0.01 low: 0.008 |
|
| DuPont ROE | 1.027 % | |
| Return On Invested Capital (ROIC) | 1.363 % | |
| Return On Invested Capital QoQ | -18.432 % | |
| Return On Invested Capital YoY | -104.776 % | |
| Return On Invested Capital IPRWA | high: 5.614 % median: 5.614 % mean: 4.578 % AIN: 1.363 % low: 0.612 % |
|