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Firma Holdings

FRMA
20
Industrial Materials · Basic Materials
Price
$0.00
+0.00 (+0.00%)
Market Cap
$39,291
Exchange
Other OTC
Winston Score
20
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+59.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 54.1M (2010) → 86.5M (2014)

Firma Holdings Corp. is a small company operating in the industrial materials space within the basic materials sector. It focuses on providing materials or related services to industrial customers, though it remains an early-stage or micro-cap business with limited public financial disclosure. The company has not yet established a widely recognized product line or dominant market position.

Firma Holdings generates revenue through product sales or service contracts in the materials industry, but its financials tell a challenging story — the company is currently spending far more than it earns, reflected in a deeply negative operating margin. It appears to operate at a very small scale, with a market capitalization that rounds to essentially zero, suggesting it is in an early development or restructuring phase. The primary risk facing the business is its ability to reach profitability and secure enough capital to continue operations, as companies at this stage frequently face funding pressures that can threaten their survival.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+21.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

24.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~0 months

$294,391 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Firma Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-31.5%
Thin — -31.5% gross margin
Operating Margin
-415.5%
Losing money on operations — -415.5%
ROCE
-10.1%
Weak — -10.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+130.8%
Fast-growing sales (130.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-1484.5%
Burning cash (-1484.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
2.10
Heavy debt load (2.10)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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