WQN

WQNI

Telecommunications Services · Communication Services

Price

$0.00

+0.00 (+0.00%)

Market Cap

$2,207

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+7.8% over 4y

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

Diluted shares outstanding: 6.4M (2001) → 6.9M (2005)

WQN, Inc. is a small telecommunications company that provides communication services to businesses and consumers. The company operates in the broader telecom industry, which includes services like voice, data, and network connectivity. With a market cap near zero, WQN is a micro-cap or shell-stage company with very limited public financial disclosure.

The company appears to generate little to no meaningful revenue, as reflected by its 0% gross and operating margins. Its operations are likely limited in geographic scope, and it lacks the scale or infrastructure of established telecom competitors, which creates a significant competitive disadvantage. The primary risk for investors is the company's unclear business model and near-absent financial performance, which raises serious questions about its ability to grow or sustain operations long-term.

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

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+466.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Research and development spending

Insider Activity

1.6%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~7 months

$4M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

WQN 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

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

N/A

Data not available

Operating Margin

N/A

Data not available

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

+57.2%

Fast-growing sales (57.2% 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

-1729%

Weak — only -1729% of profit becomes cash

FCF Margin

-21.3%

Burning cash (-21.3%)

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

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Stability

Debt / Equity

0.20

Conservative — low debt load (0.20)

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

0.0x

Attractive valuation — P/E 0.0

P/E under 10. The price tag is small relative to last year's profit.

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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