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Fortran Corporation

FRTN
28
Telecommunications Services · Communication Services
Price
$0.11
+0.00 (+0.00%)
Market Cap
$2.7M
Exchange
Other OTC
Winston Score
28
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 13, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+29.4% over 4y

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

Diluted shares outstanding: 18.4M (2021) → 23.9M (2025)

Fortran Corporation, through its network of subsidiaries, delivers holistic communication system integration services, primarily serving the media and communication sectors. The company's comprehensive offerings span the entire lifecycle of communication solutions, from initial design and component sourcing to flawless implementation and ongoing maintenance. Additionally, it provides specialized services such as mobile billboard advertising, event marketing, support for conventions and trade shows, and the management of political advertising and editorial statements. Its principal subsidiaries include The New Telephone Company, Inc., CCI-Telecom, Inc., B & L Telephone, LLC, and Fortran Communications, Inc. Founded in 1948 and based in Hickory, North Carolina, Fortran Corporation adopted its current name in February 2013, having previously been known as Burke Mills Inc.

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

-12.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-131.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Cash Runway

~17 months

$719,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Fortran Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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

Every number that matters to educated investors.

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Quality

Gross Margin
52.1%
Healthy — 52.1% gross margin
Operating Margin
-26.3%
Losing money on operations — -26.3%
ROCE
-11.3%
Weak — -11.3% return on capital

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

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Growth

Sales YoY
+25.1%
Fast-growing sales (+25.1% YoY)
EPS YoY
-84.5%
Earnings shrinking (-84.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
24%
Weak — only 24% of profit becomes cash
FCF Margin
-2.3%
Burning cash (-2.3%)

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

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
36.7x
Pricey — P/E 36.7

P/E over 35. The market is pricing in heavy, sustained growth.

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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