Recent News
On May 27, 2026 the company released fourth-quarter and full fiscal year results for the period ended March 31, 2026, reporting modest revenue growth, expanded adjusted operating income, and commentary on backlog reduction and manufacturing improvements. On May 5, 2026 the company announced the timing of the May 27 results release. On April 2, 2026 the company declared its regular quarterly dividend.
Technical Analysis
ADX/DI+/DI-: ADX at 17.6 indicates no strong trend; DI+ shows a dip & reversal and DI- shows a peak & reversal, both reflecting a bullish directional shift that supports short-term upside potential rather than a sustained trending move.
MACD: MACD sits at 2.06 with an increasing trend and a reading above the signal line (signal 1.83), a bullish momentum confirmation that favors continued near-term upside pressure on price.
MRO: MRO is negative at -9.08, indicating price sits below the model target and therefore carries potential to move higher toward fair-value estimates; the negative MRO supports short-term mean reversion toward the target.
RSI: RSI at 55.03 with a dip & reversal signals regained upside momentum from a mild pullback, compatible with continued short-term strength while remaining short of overbought extremes.
Price versus Moving Averages & Bands: The close at $109.03 trades above the 12-day and 26-day EMAs (12-day EMA $105.47; 26-day EMA $103.36) and above the 20-, 50-, and 200-day averages, consistent with upward bias; the close sits near the 1x upper Bollinger band ($110.34), suggesting near-term resistance may constrain immediate extension. The SuperTrend lower at $95.32 and the 20-day average near $104.98 provide structural support levels to watch.
Volume & Volatility: Daily volume (362,700) exceeds the 10-day average (236,044) and the 50-/200-day averages, indicating elevated market interest; 42-day beta 2.07 and 52-week beta 1.85 underline above-average sensitivity to market moves and higher short-term volatility risk.
Fundamental Analysis
Profitability & margins: Gross margin stands at 66.23%. Operating margin equals 4.31% and EBIT margin equals 1.57%; the EBIT margin of 1.57% sits well below the industry peer mean of 20.35% and the industry peer median of 21.81%, indicating materially lower operating profitability relative to peers.
Earnings: Reported EPS of $1.83 exceeded the estimate of $1.39, representing an EPS surprise of +31.66%, which reflects stronger-than-expected per-share profitability for the reported period.
Revenue & growth: Total revenue registers at $63,724,000; revenue growth figure shows a small decline in the aggregate metric (-2.15%) while the provided year-over-year growth figure indicates a large positive YoY change (91.89%) in the data set. Quarter-over-quarter figures show notable compression in operating metrics (operating margin QoQ -64.79%, EBIT margin QoQ -86.57%).
Cash, leverage, and capital: Cash and short-term investments total $26,928,000 with operating cash flow $13,962,000 and free cash flow $13,545,000; free cash flow yield equals 2.55%. Total debt equals $155,169,000, net debt $124,554,000, and debt-to-EBITDA sits at 22.98, reflecting significant leverage relative to earnings. Interest coverage reads 0.39, indicating limited cushion for interest expense.
Efficiency & working capital: Asset turnover equals 0.1478 and cash conversion cycle roughly 144 days; receivables and inventory turnover metrics show modest throughput, and net working capital equals $44,370,000.
Valuation: WMDST values the stock as under-valued. Market multiples show a trailing P/E of 52.48 and forward P/E of 27.46; price-to-book sits at 2.85 while enterprise-value-to-revenue and enterprise multiple differ across measures (EVR 10.34, enterprise multiple 97.57). The EPS beat and elevated gross margin support the WMDST valuation, while high leverage and compressed operating margins temper the fundamental improvement.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-27 |
| NEXT REPORT DATE: | 2026-08-26 |
| CASH FLOW | Begin Period Cash Flow | $ 29.0 M |
| Operating Cash Flow | $ 14.0 M | |
| Capital Expenditures | $ -417.00 K | |
| Change In Working Capital | $ 3.9 M | |
| Dividends Paid | $ -884.00 K | |
| Cash Flow Delta | $ -2.05 M | |
| End Period Cash Flow | $ 26.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 63.7 M | |
| Forward Revenue | $ -65.28 M | |
| COSTS | ||
| Cost Of Revenue | $ 21.5 M | |
| Depreciation | $ 1.3 M | |
| Depreciation and Amortization | $ 5.8 M | |
| Research and Development | $ 5.2 M | |
| Total Operating Expenses | $ 61.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 42.2 M | |
| EBITDA | $ 6.8 M | |
| EBIT | $ 1.0 M | |
| Operating Income | $ 2.7 M | |
| Interest Income | — | |
| Interest Expense | $ 2.6 M | |
| Net Interest Income | $ -2.60 M | |
| Income Before Tax | $ -1.59 M | |
| Tax Provision | $ 2.5 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ -4.14 M | |
| Net Income From Continuing Operations | $ -4.14 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.39 | |
| EPS Actual | $ 1.83 | |
| EPS Difference | $ 0.44 | |
| EPS Surprise | 31.655 % | |
| Forward EPS | $ 3.07 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 427.7 M | |
| Intangible Assets | $ 270.2 M | |
| Net Tangible Assets | $ -83.97 M | |
| Total Current Assets | $ 106.3 M | |
| Cash and Short-Term Investments | $ 26.9 M | |
| Cash | $ 26.9 M | |
| Net Receivables | $ 44.1 M | |
| Inventory | $ 26.4 M | |
| Long-Term Investments | $ 19.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 4.9 M | |
| Short-Term Debt | $ 5.6 M | |
| Total Current Liabilities | $ 61.9 M | |
| Net Debt | $ 124.6 M | |
| Total Debt | $ 155.2 M | |
| Total Liabilities | $ 241.5 M | |
| EQUITY | ||
| Total Equity | $ 186.2 M | |
| Retained Earnings | $ -185.75 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 33.71 | |
| Shares Outstanding | 5.525 M | |
| Revenue Per-Share | $ 11.53 | |
| VALUATION | Market Capitalization | $ 530.6 M |
| Enterprise Value | $ 658.9 M | |
| Enterprise Multiple | 97.565 | |
| Enterprise Multiple QoQ | 119.037 % | |
| Enterprise Multiple YoY | 25.754 % | |
| Enterprise Multiple IPRWA | high: 167.868 MLAB: 97.565 mean: 82.374 median: 80.811 low: -193.913 |
|
| EV/R | 10.339 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.297 | |
| Asset To Liability | 1.771 | |
| Debt To Capital | 0.454 | |
| Debt To Assets | 0.363 | |
| Debt To Assets QoQ | -12.838 % | |
| Debt To Assets YoY | -13.375 % | |
| Debt To Assets IPRWA | high: 0.725 MLAB: 0.363 mean: 0.269 median: 0.249 low: 0.002 |
|
| Debt To Equity | 0.833 | |
| Debt To Equity QoQ | -14.056 % | |
| Debt To Equity YoY | -26.622 % | |
| Debt To Equity IPRWA | high: 4.524 MLAB: 0.833 mean: 0.544 median: 0.426 low: -0.465 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.849 | |
| Price To Book QoQ | 20.198 % | |
| Price To Book YoY | -30.87 % | |
| Price To Book IPRWA | high: 20.943 mean: 5.624 median: 4.172 MLAB: 2.849 low: -12.173 |
|
| Price To Earnings (P/E) | 52.481 | |
| Price To Earnings QoQ | 15.322 % | |
| Price To Earnings YoY | -156.852 % | |
| Price To Earnings IPRWA | high: 194.313 mean: 120.349 median: 98.047 MLAB: 52.481 low: -198.766 |
|
| PE/G Ratio | 13.196 | |
| Price To Sales (P/S) | 8.327 | |
| Price To Sales QoQ | 22.549 % | |
| Price To Sales YoY | -21.454 % | |
| Price To Sales IPRWA | high: 62.134 mean: 29.52 median: 21.968 MLAB: 8.327 low: 0.285 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 27.46 | |
| Forward PE/G | 6.905 | |
| Forward P/S | -8.128 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 40.347 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.148 | |
| Asset Turnover Ratio QoQ | -1.86 % | |
| Asset Turnover Ratio YoY | 3.495 % | |
| Asset Turnover Ratio IPRWA | high: 0.411 MLAB: 0.148 median: 0.128 mean: 0.122 low: 0.002 |
|
| Receivables Turnover | 1.511 | |
| Receivables Turnover Ratio QoQ | -6.801 % | |
| Receivables Turnover Ratio YoY | -1.96 % | |
| Receivables Turnover Ratio IPRWA | high: 3.141 mean: 1.938 median: 1.582 MLAB: 1.511 low: 0.361 |
|
| Inventory Turnover | 0.813 | |
| Inventory Turnover Ratio QoQ | -5.387 % | |
| Inventory Turnover Ratio YoY | -8.34 % | |
| Inventory Turnover Ratio IPRWA | high: 2.164 MLAB: 0.813 mean: 0.607 median: 0.509 low: 0.137 |
|
| Days Sales Outstanding (DSO) | 60.38 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 143.982 | |
| Cash Conversion Cycle Days QoQ | 1.429 % | |
| Cash Conversion Cycle Days YoY | -1.022 % | |
| Cash Conversion Cycle Days IPRWA | high: 587.726 median: 180.7 mean: 160.417 MLAB: 143.982 low: -133.614 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.436 | |
| CapEx To Revenue | -0.007 | |
| CapEx To Depreciation | -0.33 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 332.1 M | |
| Net Invested Capital | $ 337.7 M | |
| Invested Capital | $ 337.7 M | |
| Net Tangible Assets | $ -83.97 M | |
| Net Working Capital | $ 44.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.435 | |
| Current Ratio | 1.717 | |
| Current Ratio QoQ | -11.593 % | |
| Current Ratio YoY | 174.134 % | |
| Current Ratio IPRWA | high: 14.36 mean: 2.73 median: 2.112 MLAB: 1.717 low: 0.038 |
|
| Quick Ratio | 1.291 | |
| Quick Ratio QoQ | -11.208 % | |
| Quick Ratio YoY | 173.713 % | |
| Quick Ratio IPRWA | high: 12.588 mean: 2.016 median: 1.518 MLAB: 1.291 low: 0.37 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 22.978 | |
| Cost Of Debt | 0.927 % | |
| Interest Coverage Ratio | 0.386 | |
| Interest Coverage Ratio QoQ | -84.631 % | |
| Interest Coverage Ratio YoY | -67.341 % | |
| Interest Coverage Ratio IPRWA | high: 87.935 mean: 17.93 median: 13.911 MLAB: 0.386 low: -102.892 |
|
| Operating Cash Flow Ratio | -0.039 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 19.909 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -4.679 | |
| Dividend Payout Ratio | -0.214 | |
| Dividend Rate | $ 0.16 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.633 % | |
| Revenue Growth | -2.153 % | |
| Revenue Growth QoQ | -129.795 % | |
| Revenue Growth YoY | 91.889 % | |
| Revenue Growth IPRWA | high: 16.503 % MLAB: -2.153 % median: -5.375 % mean: -7.834 % low: -65.483 % |
|
| Earnings Growth | 3.977 % | |
| Earnings Growth QoQ | -98.634 % | |
| Earnings Growth YoY | -99.015 % | |
| Earnings Growth IPRWA | high: 200.0 % MLAB: 3.977 % median: -7.623 % mean: -14.297 % low: -145.833 % |
|
| MARGINS | ||
| Gross Margin | 66.231 % | |
| Gross Margin QoQ | 3.202 % | |
| Gross Margin YoY | 7.135 % | |
| Gross Margin IPRWA | high: 95.029 % MLAB: 66.231 % mean: 63.517 % median: 63.289 % low: 7.731 % |
|
| EBIT Margin | 1.574 % | |
| EBIT Margin QoQ | -86.569 % | |
| EBIT Margin YoY | -67.181 % | |
| EBIT Margin IPRWA | high: 63.148 % median: 21.811 % mean: 20.348 % MLAB: 1.574 % low: -233.035 % |
|
| Return On Sales (ROS) | 4.312 % | |
| Return On Sales QoQ | -64.786 % | |
| Return On Sales YoY | -10.092 % | |
| Return On Sales IPRWA | high: 63.148 % median: 20.603 % mean: 20.468 % MLAB: 4.312 % low: -219.267 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 13.5 M | |
| Free Cash Flow Yield | 2.553 % | |
| Free Cash Flow Yield QoQ | -37.319 % | |
| Free Cash Flow Yield YoY | 44.237 % | |
| Free Cash Flow Yield IPRWA | high: 7.748 % MLAB: 2.553 % mean: 0.515 % median: 0.47 % low: -15.26 % |
|
| Free Cash Growth | -24.842 % | |
| Free Cash Growth QoQ | -116.262 % | |
| Free Cash Growth YoY | -26.631 % | |
| Free Cash Growth IPRWA | high: 324.237 % MLAB: -24.842 % mean: -32.299 % median: -37.858 % low: -397.308 % |
|
| Free Cash To Net Income | -3.275 | |
| Cash Flow Margin | -3.752 % | |
| Cash Flow To Earnings | 0.578 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -0.959 % | |
| Return On Assets QoQ | -214.303 % | |
| Return On Assets YoY | -41.31 % | |
| Return On Assets IPRWA | high: 5.251 % mean: 2.049 % median: 1.583 % MLAB: -0.959 % low: -28.223 % |
|
| Return On Capital Employed (ROCE) | 0.274 % | |
| Return On Equity (ROE) | -0.022 | |
| Return On Equity QoQ | -214.249 % | |
| Return On Equity YoY | -50.101 % | |
| Return On Equity IPRWA | high: 0.413 median: 0.032 mean: 0.03 MLAB: -0.022 low: -0.899 |
|
| DuPont ROE | -2.218 % | |
| Return On Invested Capital (ROIC) | 0.178 % | |
| Return On Invested Capital QoQ | -89.578 % | |
| Return On Invested Capital YoY | -74.462 % | |
| Return On Invested Capital IPRWA | high: 8.753 % mean: 2.447 % median: 2.32 % MLAB: 0.178 % low: -14.938 % |
|