Recent News
On March 2, 2026, the company announced it will host a conference call and webcast to release fourth-quarter and full-year 2025 results on March 12, 2026; the company said results will be released prior to the call. Media outlets project the company will post quarterly earnings on March 12, 2026.
Technical Analysis
ADX at 14.03 indicates no established trend; price movement currently lacks directional strength, which weakens conviction for large, immediate directional moves.
Directional indicators conflict: DI+ shows a peak-and-reversal (bearish) while DI– shows a dip-and-reversal (bearish). Together these DI patterns point to fading bullish pressure and a short-term bias toward consolidation or retracement.
MACD registers at 1.88 with a peak-and-reversal trend, and sits just above its signal line (1.76). The proximity above the signal line contrasts with the peak reversal and signals waning bullish momentum rather than renewed upside strength.
MRO reads 22.66 and trends downward; because MRO is positive, price sits above the implied target and carries potential for mean reversion, with the decreasing trend increasing that probability.
RSI at 55.98 with a peak-and-reversal pattern registers neutral-to-slightly-firm internals but the peak reversal aligns with other indicators that suggest momentum softening.
Price structure shows shorter-term exhaustion signs: the 12-day EMA recently peaked and reversed while the price remains above the 200-day average ($65.72), indicating the longer-term bias stays constructive despite near-term momentum loss. Ichimoku short/medium lines (Tenkan 82.92, Kijun 82.19) sit below the current price, offering nearby technical support; Bollinger bands place the close inside the upper half of the band range (lower ≈ $82.51, upper ≈ $88.27), indicating limited immediate upside room before upper-band resistance.
Fundamental Analysis
Operational profitability stands out: EBIT equals $4,845,000 and EBITDA equals $5,303,000, producing an EBIT margin of 19.85%, above the industry peer mean (≈11.03%) and median (≈12.71%), reflecting meaningful operating leverage on current revenue. Gross margin sits at 49.93%, well above the industry peer mean, supporting the company’s ability to convert revenue into operating profit.
Top line and cadence show mixed signals. Total revenue for the period equals $24,411,000. Quarter-over-quarter revenue growth reads +38.43% while year-over-year revenue growth reads −42.45%; these figures point to strong recent quarter expansion but a material decline compared with the comparable prior-year period, which may reflect timing or contract phasing rather than a sustained secular decline.
Earnings per share beat consensus: reported EPS $1.27 versus an estimate of $0.96, a $0.31 beat representing a 32.29% surprise. Trailing PE stands at 53.73 while forward PE sits near 72.95; those multiples reflect earnings upside already priced into the share count but also a small shares base (≈3.742 million shares outstanding) that amplifies per-share metrics.
Balance sheet and cash generation provide flexibility: cash and short-term investments total $21,471,000, free cash flow equals $9,504,000 with a free cash flow yield of 3.72%, and the company reports a cash conversion ratio of 0.7213. Total debt remains minimal at $861,000 (debt-to-assets ≈1.29%), and current and quick ratios measure 2.89 and 1.85 respectively, supporting near-term liquidity.
Capital efficiency and returns: asset turnover at 0.3836 sits marginally above the industry peer high (≈0.3815), suggesting relatively efficient use of assets for revenue generation. Return on equity measures 8.39% and return on assets measures 5.40%, both positive and above the industry peer means where applicable.
Valuation view: enterprise multiple registers 44.27 while EV/revenue metric reads 9.62; WMDST values the stock as under-valued based on the firm’s margin profile, cash generation, and negligible leverage, though high reported multiples reflect the small shares outstanding and recent EPS strength. The company’s mix of elevated margins and robust cash balances justifies the valuation designation despite short-term momentum headwinds.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-06 |
| NEXT REPORT DATE: | 2026-02-05 |
| CASH FLOW | Begin Period Cash Flow | $ 11.9 M |
| Operating Cash Flow | $ 10.4 M | |
| Capital Expenditures | $ -929.00 K | |
| Change In Working Capital | $ 4.4 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 9.6 M | |
| End Period Cash Flow | $ 21.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 24.4 M | |
| Forward Revenue | $ 6.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 12.2 M | |
| Depreciation | $ 458.0 K | |
| Depreciation and Amortization | $ 458.0 K | |
| Research and Development | $ 2.8 M | |
| Total Operating Expenses | $ 19.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 12.2 M | |
| EBITDA | $ 5.3 M | |
| EBIT | $ 4.8 M | |
| Operating Income | $ 4.8 M | |
| Interest Income | $ 94.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 94.0 K | |
| Income Before Tax | $ 4.9 M | |
| Tax Provision | $ 1.5 M | |
| Tax Rate | 29.705 % | |
| Net Income | $ 3.4 M | |
| Net Income From Continuing Operations | $ 3.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.96 | |
| EPS Actual | $ 1.27 | |
| EPS Difference | $ 0.31 | |
| EPS Surprise | 32.292 % | |
| Forward EPS | $ 1.04 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 66.9 M | |
| Intangible Assets | $ 2.8 M | |
| Net Tangible Assets | $ 38.1 M | |
| Total Current Assets | $ 51.7 M | |
| Cash and Short-Term Investments | $ 21.5 M | |
| Cash | $ 21.5 M | |
| Net Receivables | $ 7.6 M | |
| Inventory | $ 18.6 M | |
| Long-Term Investments | $ 431.0 K | |
| LIABILITIES | ||
| Accounts Payable | $ 10.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 17.9 M | |
| Net Debt | — | |
| Total Debt | $ 861.0 K | |
| Total Liabilities | $ 25.9 M | |
| EQUITY | ||
| Total Equity | $ 41.0 M | |
| Retained Earnings | $ -6.54 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 10.94 | |
| Shares Outstanding | 3.742 M | |
| Revenue Per-Share | $ 6.52 | |
| VALUATION | Market Capitalization | $ 255.4 M |
| Enterprise Value | $ 234.7 M | |
| Enterprise Multiple | 44.267 | |
| Enterprise Multiple QoQ | 11.798 % | |
| Enterprise Multiple YoY | 65.912 % | |
| Enterprise Multiple IPRWA | high: 142.731 median: 60.834 mean: 51.567 BKTI: 44.267 low: -131.759 |
|
| EV/R | 9.617 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.633 | |
| Asset To Liability | 2.58 | |
| Debt To Capital | 0.021 | |
| Debt To Assets | 0.013 | |
| Debt To Assets QoQ | -22.55 % | |
| Debt To Assets YoY | -2.202 % | |
| Debt To Assets IPRWA | high: 0.899 mean: 0.293 median: 0.287 BKTI: 0.013 low: 0.0 |
|
| Debt To Equity | 0.021 | |
| Debt To Equity QoQ | -23.08 % | |
| Debt To Equity YoY | -10.549 % | |
| Debt To Equity IPRWA | high: 2.207 mean: 0.8 median: 0.6 BKTI: 0.021 low: -1.213 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.236 | |
| Price To Book QoQ | 22.899 % | |
| Price To Book YoY | 91.688 % | |
| Price To Book IPRWA | high: 17.705 mean: 6.25 BKTI: 6.236 median: 5.202 low: -7.624 |
|
| Price To Earnings (P/E) | 53.729 | |
| Price To Earnings QoQ | 66.213 % | |
| Price To Earnings YoY | 42.301 % | |
| Price To Earnings IPRWA | high: 243.643 mean: 87.4 median: 75.941 BKTI: 53.729 low: -135.508 |
|
| PE/G Ratio | -23.28 | |
| Price To Sales (P/S) | 10.461 | |
| Price To Sales QoQ | 18.693 % | |
| Price To Sales YoY | 149.694 % | |
| Price To Sales IPRWA | high: 70.781 mean: 13.765 BKTI: 10.461 median: 9.371 low: 1.449 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 72.95 | |
| Forward PE/G | -31.608 | |
| Forward P/S | 45.466 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.383 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.384 | |
| Asset Turnover Ratio QoQ | 5.554 % | |
| Asset Turnover Ratio YoY | -9.442 % | |
| Asset Turnover Ratio IPRWA | BKTI: 0.384 high: 0.381 mean: 0.169 median: 0.139 low: 0.0 |
|
| Receivables Turnover | 2.553 | |
| Receivables Turnover Ratio QoQ | 30.972 % | |
| Receivables Turnover Ratio YoY | 32.057 % | |
| Receivables Turnover Ratio IPRWA | high: 7.156 mean: 3.267 BKTI: 2.553 median: 2.313 low: 0.616 |
|
| Inventory Turnover | 0.684 | |
| Inventory Turnover Ratio QoQ | 2.615 % | |
| Inventory Turnover Ratio YoY | 11.55 % | |
| Inventory Turnover Ratio IPRWA | high: 5.174 mean: 1.58 median: 0.971 BKTI: 0.684 low: 0.036 |
|
| Days Sales Outstanding (DSO) | 35.738 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 97.522 | |
| Cash Conversion Cycle Days QoQ | -19.473 % | |
| Cash Conversion Cycle Days YoY | -29.877 % | |
| Cash Conversion Cycle Days IPRWA | high: 356.665 mean: 113.447 BKTI: 97.522 median: 75.673 low: -64.961 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.721 | |
| CapEx To Revenue | -0.038 | |
| CapEx To Depreciation | -2.028 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 41.0 M | |
| Net Invested Capital | $ 41.0 M | |
| Invested Capital | $ 41.0 M | |
| Net Tangible Assets | $ 38.1 M | |
| Net Working Capital | $ 33.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.199 | |
| Current Ratio | 2.89 | |
| Current Ratio QoQ | 2.628 % | |
| Current Ratio YoY | 0.778 % | |
| Current Ratio IPRWA | high: 9.786 BKTI: 2.89 mean: 1.655 median: 1.182 low: 0.407 |
|
| Quick Ratio | 1.853 | |
| Quick Ratio QoQ | 6.612 % | |
| Quick Ratio YoY | 38.879 % | |
| Quick Ratio IPRWA | high: 5.116 BKTI: 1.853 mean: 1.104 median: 0.966 low: 0.303 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.162 | |
| Cost Of Debt | -1.13 % | |
| Interest Coverage Ratio | -323.0 | |
| Interest Coverage Ratio QoQ | 21.216 % | |
| Interest Coverage Ratio YoY | -112.399 % | |
| Interest Coverage Ratio IPRWA | high: 31.057 median: 6.813 mean: 4.061 low: -99.59 BKTI: -323.0 |
|
| Operating Cash Flow Ratio | 0.416 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 84.732 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 10.654 % | |
| Revenue Growth | 15.337 % | |
| Revenue Growth QoQ | 38.433 % | |
| Revenue Growth YoY | -4245.135 % | |
| Revenue Growth IPRWA | high: 60.971 % BKTI: 15.337 % mean: 2.948 % median: 1.754 % low: -46.934 % |
|
| Earnings Growth | -2.308 % | |
| Earnings Growth QoQ | -101.693 % | |
| Earnings Growth YoY | -106.672 % | |
| Earnings Growth IPRWA | high: 140.0 % median: 3.715 % mean: 0.619 % BKTI: -2.308 % low: -116.667 % |
|
| MARGINS | ||
| Gross Margin | 49.932 % | |
| Gross Margin QoQ | 5.313 % | |
| Gross Margin YoY | 28.585 % | |
| Gross Margin IPRWA | high: 100.0 % BKTI: 49.932 % mean: 22.215 % median: 21.366 % low: -39.082 % |
|
| EBIT Margin | 19.848 % | |
| EBIT Margin QoQ | 5.099 % | |
| EBIT Margin YoY | 53.753 % | |
| EBIT Margin IPRWA | high: 58.23 % BKTI: 19.848 % median: 12.705 % mean: 11.027 % low: -155.296 % |
|
| Return On Sales (ROS) | 19.848 % | |
| Return On Sales QoQ | 5.099 % | |
| Return On Sales YoY | 53.753 % | |
| Return On Sales IPRWA | high: 57.493 % BKTI: 19.848 % median: 11.15 % mean: 9.256 % low: -166.148 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 9.5 M | |
| Free Cash Flow Yield | 3.722 % | |
| Free Cash Flow Yield QoQ | 156.69 % | |
| Free Cash Flow Yield YoY | -35.472 % | |
| Free Cash Flow Yield IPRWA | BKTI: 3.722 % high: 3.058 % median: 1.51 % mean: 1.21 % low: -6.506 % |
|
| Free Cash Growth | 251.349 % | |
| Free Cash Growth QoQ | 427.457 % | |
| Free Cash Growth YoY | 516.006 % | |
| Free Cash Growth IPRWA | BKTI: 251.349 % high: 186.811 % median: 22.965 % mean: -1.345 % low: -307.394 % |
|
| Free Cash To Net Income | 2.766 | |
| Cash Flow Margin | 30.515 % | |
| Cash Flow To Earnings | 2.168 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 5.399 % | |
| Return On Assets QoQ | -15.943 % | |
| Return On Assets YoY | 9.137 % | |
| Return On Assets IPRWA | high: 11.701 % BKTI: 5.399 % median: 1.73 % mean: 1.017 % low: -17.358 % |
|
| Return On Capital Employed (ROCE) | 9.896 % | |
| Return On Equity (ROE) | 0.084 | |
| Return On Equity QoQ | -17.541 % | |
| Return On Equity YoY | -7.486 % | |
| Return On Equity IPRWA | high: 0.262 BKTI: 0.084 mean: 0.061 median: 0.042 low: -0.285 |
|
| DuPont ROE | 8.843 % | |
| Return On Invested Capital (ROIC) | 8.317 % | |
| Return On Invested Capital QoQ | -17.881 % | |
| Return On Invested Capital YoY | -112.564 % | |
| Return On Invested Capital IPRWA | high: 9.81 % BKTI: 8.317 % median: 3.284 % mean: 1.637 % low: -16.009 % |
|