SINTX Technologies Inc

SINTX Technologies Inc exhibits a capital structure with a debt-to-equity ratio of 0.02, indicating minimal leverage and a strong equity position. The company holds $5.76 million in cash and equivalents, which is 76% of its total assets, suggesting robust liquidity. However, negative operating cash flow of -$2.73 million and free cash flow of -$0.80 million highlight operational inefficiencies and a lack of cash generation from core activities.

Profitability metrics are severely underperforming relative to industry norms. The company reported a net loss of $0.89 million and a return on equity of -8.93%, both of which are well below the industry median for medical equipment firms. Gross profit of $464,000 on $687,000 in revenue yields a 67.5% margin, but this is insufficient to offset operating expenses, which consumed $3.20 million in the period.

Geographically, SINTX does not disclose segment-specific revenue data, but its business model is concentrated in the U.S. market, with no material international operations. This lack of diversification increases exposure to domestic regulatory and economic shifts.

Growth prospects are constrained by declining performance. Revenue of $687,000 represents a contraction from prior periods, and the company is not expected to reverse this trend in the next fiscal year. Analysts project a mean price target of $11.00, implying a 375% upside from the current market price of $2.40, but this is based on only two "buy" ratings with no "strong buy" or "hold" recommendations.

Risk factors include liquidity constraints and operational losses. The company has a low liquidity risk score, but its negative operating cash flow and free cash flow suggest reliance on external financing for working capital. Dilution risk is currently low, with no immediate filing-based flags, but the absence of a clear path to profitability increases the likelihood of future equity raises.

Recent filings and transcripts indicate ongoing challenges in scaling production and managing costs. The company has not disclosed material new contracts or product launches in the last 12 months, and its capital expenditures of -$174,000 suggest a reduction in investment in growth initiatives.

Analysts project 596% upside to a $11 mean price target, signaling strong institutional confidence in future growth.

Long-term debt dropped significantly to $7,000 in FY2026, reducing leverage and improving the company's balance sheet stability.

Cash conversion metrics rank best-in-class within the medical equipment cohort, indicating superior operational efficiency relative to peers.

Revenue grew at a 13.8% CAGR over four years, demonstrating consistent top-line expansion despite recent volatility.

Dilution and liquidity risks are rated low, suggesting manageable capital structure pressures for near-term operations.

The company faces high credit risk, indicating significant concerns regarding its ability to meet financial obligations.

Operating and net margins rank in the bottom quartile of the cohort, reflecting poor profitability compared to peers.

Free cash flow remained deeply negative at -$10.2 million in FY2026, indicating persistent cash burn.

Revenue $290.0k, −46,5% YoY; Operating income −33,8% YoY.

• ▍Revenue $290.0k, −46,5% YoY
• ▍Operating income −33,8% YoY
• ▍Net income −30,7% YoY
• ▍Free cash flow −26,1% YoY
• ▍Net margin -763.8%

Revenue $208.0k, −74,0% YoY; Operating income +47,6% YoY.

• ▍Revenue $208.0k, −74,0% YoY
• ▍Operating income +47,6% YoY
• ▍Net income +43,3% YoY
• ▍Free cash flow +41,4% YoY
• ▍Net margin -1701.4%

Revenue $151.0k, −82,4% YoY; Operating income +1,7% YoY.

• ▍Revenue $151.0k, −82,4% YoY
• ▍Operating income +1,7% YoY
• ▍Net income −5,2% YoY
• ▍Free cash flow +2,5% YoY
• ▍Net margin -1535.1%

Revenue $369.0k, −46,3% YoY; Operating income +25,5% YoY.

• ▍Revenue $369.0k, −46,3% YoY
• ▍Operating income +25,5% YoY
• ▍Net income −158,7% YoY
• ▍Free cash flow −180,8% YoY
• ▍Net margin -621.1%

Revenue $542.0k; Operating income -$1.7M.

• ▍Revenue $542.0k
• ▍Operating income -$1.7M
• ▍Net margin -312.7%

Revenue $799.0k; Operating income -$6.4M.

• ▍Revenue $799.0k
• ▍Operating income -$6.4M
• ▍Net margin -780.9%

Revenue $859.0k; Operating income -$2.7M.

• ▍Revenue $859.0k
• ▍Operating income -$2.7M
• ▍Net margin -256.6%

Revenue $687.0k; Operating income -$3.2M.

• ▍Revenue $687.0k
• ▍Operating income -$3.2M
• ▍Net margin -129.0%

Revenue $1.0M, −64,7% YoY; Operating income +23,7% YoY.

• ▍Revenue $1.0M, −64,7% YoY
• ▍Operating income +23,7% YoY
• ▍Net income +6,0% YoY
• ▍Free cash flow +6,0% YoY
• ▍Net margin -1018.1%

Revenue $2.9M, +9,9% YoY; Operating income −5,2% YoY.

• ▍Revenue $2.9M, +9,9% YoY
• ▍Operating income −5,2% YoY
• ▍Net income −33,5% YoY
• ▍Free cash flow −37,5% YoY
• ▍Net margin -381.8%

Revenue $2.6M, +68,3% YoY; Operating income −17,9% YoY.

• ▍Revenue $2.6M, +68,3% YoY
• ▍Operating income −17,9% YoY
• ▍Net income +31,4% YoY
• ▍Free cash flow +55,0% YoY
• ▍Net margin -314.4%

Revenue $1.6M, +157,6% YoY; Operating income −10,8% YoY.

• ▍Revenue $1.6M, +157,6% YoY
• ▍Operating income −10,8% YoY
• ▍Net income −29,3% YoY
• ▍Free cash flow −36,7% YoY
• ▍Net margin -771.2%