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Inno Holdings

INHD
29
Technology Distributors · Technology
Price
$5.14
-3.79 (-42.39%)
Market Cap
$23.3M
Exchange
NASDAQ Capital Market
Winston Score
29
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 10, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+234.0% over 4y

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

Diluted shares outstanding: 1.6M (2021) → 5.4M (2025)

Inno Holdings Inc. is a small technology distribution company based in the United States with operations tied to China. It distributes technology products and provides related services, targeting businesses and consumers in both markets. The company operates in the technology distribution industry, which involves buying products from manufacturers and reselling them to end customers.

Inno Holdings makes money primarily through product sales, earning a thin margin on each transaction. Its gross margin of roughly 2% reflects how competitive and low-margin distribution businesses tend to be. The company is very small, with a market cap near zero, and it currently loses far more money from operations than it brings in — its operating margin is deeply negative at around -84%. The biggest risk facing Inno Holdings is achieving a path to profitability, as its current cost structure far outpaces its revenues, leaving the business financially fragile and dependent on external funding to continue operating.

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

+94.9% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+92.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

44.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$37M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$37M cash & investments at current burn rate

Strong grower

Inno Holdings is growing revenue at 95% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

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
2.3%
Thin — 2.3% gross margin
Operating Margin
-85.0%
Losing money on operations — -85.0%
ROCE
-1.7%
Weak — -1.7% return on capital

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

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Growth

Sales YoY
+576.5%
Fast-growing sales (+576.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-209.8%
Burning cash (-209.8%)

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

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
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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