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Industry Source Consulting

INSO
1
Specialty Business Services · Industrials
Price
$0.00
+0.00 (+0.00%)
Market Cap
$16,764
Winston Score
1
Winston is worried
Weak fundamentals across most pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+5272.8% over 3y

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

Diluted shares outstanding: 1.9M (2019) → 104.4M (2022)

Industry Source Consulting, Inc. is a small healthcare company operating in the specialty and generic drug manufacturing space. It focuses on pharmaceutical consulting and related services, helping clients navigate drug development, regulatory approval, and commercialization. The company serves businesses within the pharmaceutical and biotech industries rather than selling drugs directly to patients.

The company generates revenue through consulting fees and service contracts rather than product sales. It operates primarily in the United States and, based on its market capitalization, is a very early-stage or micro-cap business. The financials tell a clear story: a deeply negative gross margin of -72% and an operating margin near -966% mean the company is spending far more than it earns, which is the central risk investors face. Until the company can scale its revenue meaningfully or restructure its cost base, it remains in a high-risk financial position with no clear path to profitability visible in current results.

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

-3.0% YoY

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

100.0%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~0 months

$6,230 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Industry Source Consulting 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
-72.1%
Thin — -72.1% gross margin
Operating Margin
-966.4%
Losing money on operations — -966.4%
ROCE
-0.5%
Weak — -0.5% return on capital

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

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Growth

Sales YoY
-97.8%
Shrinking sales (-97.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
N/A
Data not available

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-177031.1%
Burning cash (-177031.1%)

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

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Stability

Debt / Equity
14.51
Heavy debt load (14.51)
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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