Zone Frontier (ZONE)
Market Price (9/16/2026): $0.1262 | Market Cap: $27.3 MilSector: Industrials | Industry: Environmental & Facilities Services
Zone Frontier (ZONE)
Market Price (9/16/2026): $0.1262Market Cap: $27.3 MilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -61% Megatrend and thematic driversMegatrends include Sustainable Consumption, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Eco-friendly Products, Show more. | Weak multi-year price returns2Y Excs Rtn is -130%, 3Y Excs Rtn is -166% | Penny stockMkt Price is 0.1 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -52 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1520% Weak revenue growthRev Chg QQuarterly Revenue Change % is -2.5% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 330% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -438%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4797% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -570% High stock price volatilityVol 12M is 149% Key risksZONE key risks include [1] extreme volatility from its Dogecoin treasury strategy, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -61% |
| Megatrend and thematic driversMegatrends include Sustainable Consumption, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Eco-friendly Products, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -130%, 3Y Excs Rtn is -166% |
| Penny stockMkt Price is 0.1 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -52 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1520% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -2.5% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 330% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -438%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4797% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -570% |
| High stock price volatilityVol 12M is 149% |
| Key risksZONE key risks include [1] extreme volatility from its Dogecoin treasury strategy, Show more. |
Qualitative Assessment
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Zone Frontier (ZONE) stock has lost about 85% since 5/31/2026 because of the following key factors:
1. Significant Dilution from Public Offering. Zone Frontier (formerly CleanCore Solutions) completed a $100 million public offering on August 12, 2026, issuing 400,000,000 shares of common stock at a price of $0.25 per share. This offering led to substantial dilution for existing shareholders, with the total number of shares outstanding growing by 3109.1% over the past year.
2. Mounting Financial Losses and Limited Revenue. The company reported continuous and substantial financial losses. In fiscal Q3 2026 (ended March 31, 2026), CleanCore Solutions recorded a net loss of US$30.8 million, widening from a US$0.097 loss per share in fiscal Q3 2025. For the trailing 12 months ending March 31, 2026, the company's earnings were -$159.1 million. Revenue remained low, falling between US$1.9 million and US$3.4 million.
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Zone Frontier (ZONE) stock has lost about 85% since 5/31/2026 because of the following key factors:
1. Significant Dilution from Public Offering. Zone Frontier (formerly CleanCore Solutions) completed a $100 million public offering on August 12, 2026, issuing 400,000,000 shares of common stock at a price of $0.25 per share. This offering led to substantial dilution for existing shareholders, with the total number of shares outstanding growing by 3109.1% over the past year.
2. Mounting Financial Losses and Limited Revenue. The company reported continuous and substantial financial losses. In fiscal Q3 2026 (ended March 31, 2026), CleanCore Solutions recorded a net loss of US$30.8 million, widening from a US$0.097 loss per share in fiscal Q3 2025. For the trailing 12 months ending March 31, 2026, the company's earnings were -$159.1 million. Revenue remained low, falling between US$1.9 million and US$3.4 million.
3. Uncertainty from Business Model Transition. Effective September 1, 2026, the company officially changed its name to Zone Frontier Inc., signifying a strategic shift from its previous focus on aqueous ozone cleaning technology and managing the Official Dogecoin Treasury to developing and operating AI data center campuses. This major business model pivot introduces significant uncertainty and risk, particularly as the company has limited operating history in the data center or computing infrastructure industry.
4. Broader Market Headwinds for Growth and AI Stocks. The period between May 31, 2026, and September 1, 2026, was marked by macroeconomic challenges that disproportionately affected growth-oriented and AI-related stocks. A significant market sell-off occurred on June 5, 2026, where the Nasdaq Composite plunged 4.2% following a stronger-than-expected jobs report that raised concerns about sustained higher interest rates. Technology and semiconductor stocks were particularly impacted, with major chip companies experiencing drops of 8% to 17%. Volatility continued for semiconductor and AI stocks into July 2026, influenced by rising oil prices and Treasury yields amid geopolitical tensions.
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Stock Movement Drivers
Fundamental Drivers
The -83.8% change in ZONE stock from 5/31/2026 to 9/15/2026 was primarily driven by a -83.8% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9152026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.80 | 0.13 | -83.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 3 | 0.0% |
| P/S Multiple | 50.7 | 8.2 | -83.8% |
| Shares Outstanding (Mil) | 216 | 216 | 0.0% |
| Cumulative Contribution | -83.8% |
Market Drivers
5/31/2026 to 9/15/2026| Return | Correlation | |
|---|---|---|
| ZONE | -83.8% | |
| Market (SPY) | 0.1% | 25.5% |
| Sector (XLI) | -2.5% | 19.3% |
Fundamental Drivers
The -61.9% change in ZONE stock from 2/28/2026 to 9/15/2026 was primarily driven by a -59.6% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9152026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.34 | 0.13 | -61.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 3 | -0.4% |
| P/S Multiple | 20.3 | 8.2 | -59.6% |
| Shares Outstanding (Mil) | 204 | 216 | -5.4% |
| Cumulative Contribution | -61.9% |
Market Drivers
2/28/2026 to 9/15/2026| Return | Correlation | |
|---|---|---|
| ZONE | -61.9% | |
| Market (SPY) | 10.7% | 19.9% |
| Sector (XLI) | -4.4% | 12.0% |
Fundamental Drivers
The -98.1% change in ZONE stock from 8/31/2025 to 9/15/2026 was primarily driven by a -95.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 9152026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.86 | 0.13 | -98.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 3 | 64.5% |
| P/S Multiple | 32.1 | 8.2 | -74.5% |
| Shares Outstanding (Mil) | 10 | 216 | -95.5% |
| Cumulative Contribution | -98.1% |
Market Drivers
8/31/2025 to 9/15/2026| Return | Correlation | |
|---|---|---|
| ZONE | -98.1% | |
| Market (SPY) | 18.4% | 19.7% |
| Sector (XLI) | 12.2% | 13.5% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/15/2026| Return | Correlation | |
|---|---|---|
| ZONE | ||
| Market (SPY) | 74.1% | 14.3% |
| Sector (XLI) | 62.5% | 12.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ZONE Return | - | - | - | -63% | -80% | -46% | -96% |
| Peers Return | 11803% | -56% | 147% | 33% | 173% | 49% | 69926% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| ZONE Win Rate | - | - | - | 11% | 50% | 44% | |
| Peers Win Rate | 75% | 58% | 79% | 50% | 67% | 39% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ZONE Max Drawdown | - | - | - | - | -97% | -86% | |
| Peers Max Drawdown | -62% | -82% | -62% | -64% | -64% | -47% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APLD, HUT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/15/2026 (YTD)
How Low Can It Go
| Event | ZONE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.5% | -18.8% |
| % Gain to Breakeven | 21.2% | 23.1% |
| Time to Breakeven | 17 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -18.5% | -7.8% |
| % Gain to Breakeven | 22.8% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
In The Past
Zone Frontier's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% gain to breakeven.
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In The Past
Zone Frontier's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Zone Frontier (ZONE)
Zone Frontier (ZONE) specializes in the development and manufacturing of innovative cleaning products that produce pure aqueous ozone using patented nanobubble technology. The company's mission is to create safe, clean spaces free from chemical residues and skin irritants. Their unique approach involves infusing ozone into tap water, which transforms into a powerful yet safe aqueous solution for cleaning, sanitizing, and deodorizing surfaces.
The core of Zone Frontier's offering is its patented nanobubble technology, which distinguishes its products in the market. Unlike conventional solutions, their system generates nanometer-sized ozone bubbles that remain suspended in water, actively seeking out and neutralizing pollutants. These negatively charged nanobubbles attract positively charged toxins, releasing ozone to break down pathogens like germs, viruses, bacteria, mold, and allergens more effectively than traditional cleaners, including bleach. This enhanced delivery system ensures superior surface coverage and a higher concentration of ozone, leading to a more thorough and robust cleaning performance.
Zone Frontier’s pure aqueous ozone products cater to a broad range of customers, including professional, industrial, and home users. The company is actively expanding its presence in demanding sectors such as restaurants, airports, and hotels. Their versatile solution effectively cleans and deodorizes various surfaces, from hard floors and food contact areas to carpets and upholstery, by eliminating odor-causing bacteria. With customizable ozone concentrations, Zone Frontier provides a natural, highly effective, and residue-free cleaning solution for diverse applications.
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Here are 1-3 brief analogies for Zone Frontier (ZONE):
Think of it as a chemical-free Clorox, powered by patented aqueous ozone nanobubbles for superior cleaning and sanitizing.
It's like Ecolab, but specializing in patented nanobubble ozone technology for chemical-free industrial and professional hygiene.
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- Pure Aqueous Ozone Cleaning Products: Zone Frontier specializes in the development and manufacturing of cleaning, sanitizing, and deodorizing products that utilize patented nanobubble technology to produce a pure, chemical-free aqueous ozone solution for professional, industrial, and home use.
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- Professional and Commercial Establishments: This category includes businesses such as restaurants, airports, and hotels, where the company is actively proving the effectiveness of its products. These clients require advanced cleaning, sanitizing, and deodorizing solutions for high-touch surfaces and large areas, emphasizing chemical-free and residue-free cleaning.
- Industrial Sector: Through its predecessor company TetraClean, Zone Frontier serves industrial clients who require robust cleaning and sanitizing solutions. Products for this sector can contain higher concentrations of aqueous ozone (up to 20 ppm) for more demanding applications.
- Food Safety Sector: The acquisition of Food Safety Technology L.L.C. indicates a focus on businesses within the food industry that need effective solutions for maintaining hygiene and eliminating pathogens on food contact surfaces and in food processing environments.
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Tyler Hassen, Chief Executive Officer
Tyler Hassen was appointed Chief Executive Officer and a member of the Board of Directors in March 2026 (or June 2026). Under his leadership, Zone Frontier Inc. is focusing on building critical AI infrastructure. Prior to joining, Hassen served as the Acting Assistant Secretary of Policy, Management & Budget at the U.S. Department of the Interior and previously as Chief Executive Officer of Basin Holdings, a diversified energy and industrial business.
David Enholm, Chief Financial Officer
David Enholm has served as the Chief Financial Officer since March 2023. He has over 35 years of experience in finance, including budgeting, forecasting, treasury, cash flow operations, revenue development, acquisitions, dispositions, and company restructuring. Enholm previously worked with Monroe Capital, a private equity firm, as Chief Financial Officer for two of their owned companies. He also served as Chief Financial Officer at Nelbud Services, where he led two acquisitions, and at Complete Nutrition, where he developed a restructuring plan to transition the company to an e-commerce retailer.
Gary Hollst, Chief Revenue Officer
Gary Hollst has served as Executive Vice President since April 2019. He brings extensive experience from the janitorial, sanitation, and refrigeration industry. Since 2015, Hollst has also been the President of O-Z Tech, an Omaha, Nebraska-based company specializing in ice machine and laundry cleaning using aqueous ozone water.
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Key Risks for Zone Frontier (ZONE)
The primary risks to Zone Frontier's business stem from its reliance on proprietary technology and the ongoing challenges in achieving widespread market adoption.
- Loss of Competitive Advantage from Proprietary Nanobubble Technology: Zone Frontier heavily relies on its patented nanobubble technology for producing pure aqueous ozone, claiming to be the only company with such a solution. A significant risk lies in the potential for this patent protection to be challenged, expire, or for competitors to develop alternative, non-infringing, and equally or more effective technologies. The loss or erosion of this proprietary advantage would significantly diminish its competitive edge and market differentiation, impacting its ability to maintain premium pricing or market share.
- Challenges in Market Adoption and Commercialization: The company is actively "expanding our distributor network, improving our manufacturing processes, and proving the effectiveness of our products in restaurants, airports, and hotels." This indicates that widespread market acceptance and successful commercialization are still in progress. There is a risk that despite the claimed efficacy of its products, the company may face hurdles in achieving broad market adoption, scaling its distribution effectively, or demonstrating consistent economic value to potential customers in a competitive cleaning market. Failure to successfully penetrate these key sectors could limit revenue growth and profitability.
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The addressable markets for Zone Frontier's main products and services, which include pure aqueous ozone cleaning, sanitizing, and deodorizing products for professional, industrial, and home use, are substantial.
Ozone Generation Market
- The global ozone generation market, which includes the technology producing aqueous ozone, was valued at approximately USD 1.54 billion in 2026 and is projected to grow to USD 2.67 billion by 2034.
- North America accounts for approximately 36% of the global ozone generation market.
Professional/Commercial Cleaning Products Market
- The global professional cleaning products market was estimated at USD 49.6 billion in 2026 and is expected to grow to USD 87.3 billion by 2035.
- The U.S. commercial cleaning products market was valued at USD 33.23 billion in 2024 and is projected to reach USD 51.34 billion by 2030.
Industrial Cleaning Products Market
- The global industrial cleaning products market is expected to grow from USD 155.7 billion in 2025 to USD 286.4 billion in 2034.
- The U.S. industrial cleaning chemicals market was valued at USD 17.21 billion in 2024.
Household Cleaning Products Market
- The global household cleaning products market was valued at USD 247.73 billion in 2025 and is predicted to increase to approximately USD 399.57 billion by 2035.
- The U.S. household cleaning products market is estimated at USD 55.82 billion in 2025 and is predicted to be worth around USD 91.17 billion by 2035.
- The U.S. natural household cleaners market, a relevant segment for Zone Frontier's "pure" aqueous ozone solution, generated USD 1,254.7 million in 2024 and is expected to reach USD 2,452.7 million by 2030.
Sanitizing and Deodorizing Products Market (Disinfectants)
- The global antiseptic and disinfectant market is projected to grow from USD 40.8 billion in 2026 to USD 63.1 billion by 2030.
- The U.S. antiseptic and disinfectant market was valued at USD 9.41 billion in 2024 and is projected to reach USD 17.07 billion by 2030.
- The global surface disinfectant market was valued at USD 6.5 billion in 2025 and is expected to reach USD 10.6 billion by 2034.
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Zone Frontier (ZONE) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
-
Expansion of Distributor Network: The company is actively working to broaden its distributor network, which will directly increase its sales channels and market reach, thereby driving higher sales volumes and revenue.
-
Penetration into New Professional and Industrial Markets: Zone Frontier is focused on proving the effectiveness of its products in specific professional and industrial sectors such as restaurants, airports, and hotels. Success in these new verticals will lead to increased customer acquisition and substantial revenue growth from these new market segments.
-
Increased Adoption of Patented Nanobubble Aqueous Ozone Technology: The company's core competitive advantage lies in its patented nanobubble technology, which produces an enhanced aqueous ozone solution. As the unique benefits of this technology—including superior cleaning, sanitizing, and deodorizing capabilities without chemical residue—become more widely recognized and adopted, it is expected to drive significant market share growth and increased sales of their differentiated products.
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Share Issuance
- On August 11, 2026, CleanCore Solutions, Inc. priced a public offering that resulted in the issuance of 275,829,576 shares of common stock.
- As of August 20, 2026, the company had 502,090,260 shares of common stock outstanding following this offering.
- The CEO, Hassen Tyler Lewis, acquired 2,000,000 shares of common stock at $0.25 per share with accompanying warrants in the August 2026 public offering.
Inbound Investments
- MMCAP International Inc. SPC and MM Asset Management Inc. jointly reported a beneficial ownership of 13,950,444 shares of common stock, representing a 6.3% stake in CleanCore Solutions, Inc.
- In fiscal year 2025, the company's balance sheet was strengthened through the conversion of debt to equity and cash received from warrant exercises.
Outbound Investments
- In October 2022, the company acquired substantially all the assets of CleanCore LLC, TetraClean Systems, LLC, and Food Safety Technology L.L.C.
- CleanCore Solutions completed the acquisition of Sanzonate Europe in fiscal year 2025.
Peer Outperformance in Environmental & Facilities Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 10.9% | 96.8% | 180.5% | CDNL 2493% · FIX 2206% · STRL 1934% |
| Marine Transportation | 5 | 79.5% | 63.5% | 166.9% | HOS 46479% · MATX 201% · KEX 167% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.7% | 60.4% | 124.0% | CAT 319% · ALSN 264% · WAB 223% |
| Aerospace & Defense | 54 | -4.4% | 75.4% | 72.9% | ATI 985% · FTAI 881% · HWM 625% |
| Rail Transportation | 7 | 30.8% | 64.5% | 43.4% | FSTR 140% · CSX 68% · UNP 56% |
| Trading Companies & Distributors | 19 | 5.0% | 38.9% | 38.0% | DXPE 561% · AIT 288% · WCC 201% |
| Industrial Machinery & Supplies & Components | 72 | 7.6% | 43.3% | 36.4% | CRS 1276% · PSIX 919% · GHM 582% |
| Cargo Ground Transportation | 16 | 34.9% | 6.4% | 32.7% | XPO 249% · R 240% · CVLG 238% |
| Passenger Ground Transportation | 3 | -23.2% | 39.1% | 26.3% | UBER 81% · CAR 26% · LYFT -70% |
| Diversified Support Services | 33 | 10.2% | 29.6% | 25.3% | LIME 3445% · TH 417% · WLFC 351% |
| Electrical Components & Equipment | 41 | 9.4% | 55.2% | 19.4% | POWL 2263% · BE 1266% · VRT 882% |
| Building Products | 33 | -14.6% | 2.9% | 17.9% | LMB 636% · GFF 375% · PPIH 284% |
| Industrial Conglomerates | 17 | 7.1% | 1.9% | 7.8% | RCMT 397% · CSW 133% · CSL 73% |
| Environmental & Facilities Services ← | 29 | -9.4% | 21.1% | -4.0% | CECO 875% · NVRI 372% · ADUR 372% |
| Agricultural & Farm Machinery | 17 | 9.9% | 6.5% | -6.9% | BLBD 207% · DE 106% · GENC 47% |
| Research & Consulting Services | 13 | -10.3% | -23.5% | -7.9% | HURN 201% · CRAI 91% · GRNQ 57% |
| Data Processing & Outsourced Services | 6 | -31.4% | -13.1% | -23.7% | EXLS 47% · BR 10% · G -23% |
| Passenger Airlines | 11 | 2.1% | 0.8% | -30.0% | LTM 3083% · UAL 140% · SKYW 109% |
| Office Services & Supplies | 9 | 7.0% | 24.6% | -32.0% | PBI 200% · TILE 141% · HNI 47% |
| Human Resource & Employment Services | 22 | 5.8% | -19.7% | -38.1% | BBSI 88% · ADP 56% · PAYX 26% |
| Air Freight & Logistics | 12 | -8.2% | -22.6% | -38.3% | CHRW 97% · FDX 65% · EXPD 62% |
| Security & Alarm Services | 10 | -30.3% | 11.4% | -39.7% | CIX 162% · MG 107% · NL 59% |
| Airport Services | 3 | -72.2% | -79.7% | -58.1% | JOBY -29% · ASLE -58% · UP -100% |
Latest Trefis Analyses
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.42 |
| Mkt Cap | 6.7 |
| Rev LTM | 318 |
| Op Inc LTM | -177 |
| FCF LTM | -1,309 |
| FCF 3Y Avg | -612 |
| CFO LTM | -15 |
| CFO 3Y Avg | -6 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 129.5% |
| Rev Chg 3Y Avg | 100.6% |
| Rev Chg Q | 81.4% |
| QoQ Delta Rev Chg LTM | 11.8% |
| Op Inc Chg LTM | -171.6% |
| Op Inc Chg 3Y Avg | -646.7% |
| Op Mgn LTM | -55.7% |
| Op Mgn 3Y Avg | -44.6% |
| QoQ Delta Op Mgn LTM | -6.7% |
| CFO/Rev LTM | -28.1% |
| CFO/Rev 3Y Avg | -46.8% |
| FCF/Rev LTM | -481.8% |
| FCF/Rev 3Y Avg | -338.2% |
Price Behavior
| Market Price | $0.13 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 04/26/2024 | |
| Distance from 52W High | -95.3% | |
| 50 Days | 200 Days | |
| DMA Price | $0.44 | $0.42 |
| DMA Trend | down | down |
| Distance from DMA | -70.4% | -69.5% |
| 3M | 1YR | |
| Volatility | 186.5% | 146.1% |
| Downside Capture | 1049.00 | 457.47 |
| Upside Capture | 35.86 | 25.52 |
| Correlation (SPY) | 24.9% | 19.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.59 | 5.98 | 3.78 | 2.26 | 2.64 | 0.34 |
| Up Beta | -0.56 | 2.40 | 3.25 | 0.98 | 1.24 | -2.26 |
| Down Beta | -4.57 | 16.87 | 5.08 | 3.78 | 3.81 | -0.07 |
| Up Capture | -273% | -49% | 53% | 185% | 20% | 22% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 17 | 31 | 68 | 116 | 271 |
| Down Capture | 1341% | 841% | 464% | 258% | 200% | 112% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 25 | 33 | 59 | 134 | 302 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZONE | |
|---|---|---|---|---|
| ZONE | -96.6% | 148.7% | -1.41 | - |
| Sector ETF (XLI) | 12.6% | 17.2% | 0.52 | 14.4% |
| Equity (SPY) | 16.3% | 12.8% | 0.90 | 19.4% |
| Gold (GLD) | 17.6% | 29.3% | 0.55 | -2.8% |
| Commodities (DBC) | 48.6% | 20.6% | 1.82 | -0.9% |
| Real Estate (VNQ) | 5.3% | 13.5% | 0.13 | -3.6% |
| Bitcoin (BTCUSD) | -33.1% | 43.8% | -0.79 | 24.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZONE | |
|---|---|---|---|---|
| ZONE | -47.9% | 134.5% | -0.31 | - |
| Sector ETF (XLI) | 12.1% | 17.6% | 0.52 | 12.1% |
| Equity (SPY) | 12.4% | 17.2% | 0.55 | 14.2% |
| Gold (GLD) | 18.7% | 18.8% | 0.80 | -2.9% |
| Commodities (DBC) | 11.7% | 19.5% | 0.47 | -1.7% |
| Real Estate (VNQ) | 0.8% | 18.9% | -0.06 | 4.2% |
| Bitcoin (BTCUSD) | 10.7% | 52.5% | 0.38 | 15.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZONE | |
|---|---|---|---|---|
| ZONE | -27.8% | 134.5% | -0.31 | - |
| Sector ETF (XLI) | 13.0% | 20.1% | 0.57 | 12.1% |
| Equity (SPY) | 15.1% | 18.0% | 0.71 | 14.2% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | -2.9% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | -1.7% |
| Real Estate (VNQ) | 4.6% | 20.7% | 0.18 | 4.2% |
| Bitcoin (BTCUSD) | 63.4% | 66.2% | 1.03 | 15.0% |
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Returns Analyses
Earnings Returns History
Updated 9/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -11.8% | -21.3% | -37.6% |
| 8/22/2025 | 7.6% | 44.8% | -51.6% |
| 5/14/2025 | 8.1% | -6.4% | 91.3% |
| 2/14/2025 | -6.5% | -9.8% | -4.0% |
| 11/13/2024 | 13.3% | -24.1% | -5.8% |
| 9/20/2024 | 14.3% | 2.6% | 11.0% |
| SUMMARY STATS | |||
| # Positive | 4 | 2 | 2 |
| # Negative | 2 | 4 | 4 |
| Median Positive | 10.7% | 23.7% | 51.1% |
| Median Negative | -9.2% | -15.6% | -21.7% |
| Max Positive | 14.3% | 44.8% | 91.3% |
| Max Negative | -11.8% | -24.1% | -51.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -11.8% | -21.3% | -37.6% |
| 8/22/2025 | 7.6% | 44.8% | -51.6% |
| 5/14/2025 | 8.1% | -6.4% | 91.3% |
| 2/14/2025 | -6.5% | -9.8% | -4.0% |
| 11/13/2024 | 13.3% | -24.1% | -5.8% |
| 9/20/2024 | 14.3% | 2.6% | 11.0% |
| SUMMARY STATS | |||
| # Positive | 4 | 2 | 2 |
| # Negative | 2 | 4 | 4 |
| Median Positive | 10.7% | 23.7% | 51.1% |
| Median Negative | -9.2% | -15.6% | -21.7% |
| Max Positive | 14.3% | 44.8% | 91.3% |
| Max Negative | -11.8% | -24.1% | -51.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-Q |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 09/20/2024 | 10-K |
| 03/31/2024 | 06/10/2024 | 10-Q |
| 12/31/2023 | 04/30/2024 | 424B4 |
| 03/31/2023 | 08/11/2023 | DRS/A |
| 06/30/2022 | 04/21/2023 | DRS/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-Q |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 09/20/2024 | 10-K |
| 03/31/2024 | 06/10/2024 | 10-Q |
| 12/31/2023 | 04/30/2024 | 424B4 |
| 03/31/2023 | 08/11/2023 | DRS/A |
| 06/30/2022 | 04/21/2023 | DRS/A |
Insider Activity
Updated 8/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Enholm, David James | Chief Financial Officer | Direct | Buy | 12032025 | 0.30 | 18,750 | 5,595 | 87,222 | Form |
| 2 | Bethor, Ltd | Direct | Sell | 9042025 | 3.61 | 18,117 | 65,408 | 4,016,459 | Form | |
| 3 | Bethor, Ltd | Direct | Sell | 9042025 | 2.95 | 26,883 | 79,305 | 3,335,320 | Form | |
| 4 | Bethor, Ltd | Direct | Sell | 9042025 | 3.04 | 45,000 | 136,692 | 3,516,022 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Enholm, David James | Chief Financial Officer | Direct | Buy | 12032025 | 0.30 | 18,750 | 5,595 | 87,222 | Form |
| 2 | Bethor, Ltd | Direct | Sell | 9042025 | 3.61 | 18,117 | 65,408 | 4,016,459 | Form | |
| 3 | Bethor, Ltd | Direct | Sell | 9042025 | 2.95 | 26,883 | 79,305 | 3,335,320 | Form | |
| 4 | Bethor, Ltd | Direct | Sell | 9042025 | 3.04 | 45,000 | 136,692 | 3,516,022 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Environmental & Facilities Services Resources |
| Waste360 |
| Waste Dive |
| FacilitiesNet |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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