Tectona

TECT.TA

Software - Application · Technology

Price

119.90 ILA

-0.80 (-0.66%)

Market Cap

30.4M ILA

Exchange

Tel Aviv Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 13, 2026 · filings through Dec 31, 2025

Share count falling — buybacks

−65.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 74.5M (2021) → 25.4M (2025)

Tectona Ltd is an Israeli technology company listed on the Tel Aviv Stock Exchange that develops software applications. The company operates in the enterprise software space, building tools aimed at business customers. It is a small-cap firm in the early stages of commercializing its products.

Tectona generates revenue through software licensing and service contracts, though its financials show it is currently spending far more than it earns — a negative gross margin of nearly 39% means it loses money even before accounting for overhead costs. The company operates primarily in Israel with potential reach into international markets. Its deeply negative operating margin of over 500% signals that the business is in a heavy investment or early-growth phase, with costs vastly outpacing revenue. The central risk is whether Tectona can scale its customer base and revenue fast enough to reach profitability before exhausting its capital resources.

Winston Score History

Growth Profile

For growth stock investors

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

Revenue Growth

-82.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-934.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

26.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$24M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$24M cash & investments at current burn rate

Revenue declining

Tectona'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

-480.3%

Thin — -480.3% gross margin

Operating Margin

-1433.0%

Losing money on operations — -1433.0%

ROCE

-16.6%

Weak — -16.6% return on capital

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

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Growth

Sales YoY

-69.1%

Shrinking sales (-69.1% YoY)

EPS YoY

<−1,000%

Earnings shrinking (<−1,000% YoY)

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

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-321.6%

Burning cash (-321.6%)

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

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Stability

Debt / Equity

0.08

Conservative — low debt load (0.08)

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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