Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Biomerica Inc.BMRA · healthcare | |
|---|---|
| Grade |  Eweakest fifth of 371 graded peers; percentile 95.7, sampling error 2.5 points; lower is stronger |
| Rank | 355 of 371 |
| Profitability | Dpercentile 64.0 |
| Solvency | D/Epercentile 79.2 |
| Growth and financing | Epercentile 84.0 |
| Reliability | 0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025 |
| Peer failure rate | 0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | under $12.5M assetstotal assets $6.8M[1] |
| Standard universe | outsiderevenue above $1M and assets above $10M[1-2] |
| Warnings | short runwaynot computable: dilution, distress, fortress balance sheet |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Sep 28, 202611 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $1.872026-10-08; market equity $8.6M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Aug 31, 2026; the document on sec.gov.
develops, patents, manufactures and markets advanced diagnostic and therapeutic products. Our diagnostic test kits are used to analyze blood, urine, nasal, or fecal material from patients to aid in the diagnosis of diseases, food intolerances, and other medical conditions. These tests detect and measure the presence and levels of specific bacteria, hormones, antibodies, antigens and other substances that may exist in the human body at extremely low concentrations. Our products are designed to enhance patient outcomes and well-being while primarily to clinical laboratories and in point-of-care settings, including physicians’ offices and over-the-counter channels.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 64.0 | |||||||
| Gross profitability | 5.4% | [1,4] | 32.2% | 83.3 | 372 | 2026-05-31 | |
| Return on invested capital | not computable | 9.3% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (5.6%) | [1,5-7] | (6.6%) | 59.3 | 811 | 2026-05-31 | |
| Gross margin stability, five years | 2.8 pts | [2,4,8-15] | 2.8 pts | 49.6 | 243 | 2026-05-31 | |
| Solvency, sleeve percentile 79.2 | |||||||
| Twelve-month failure probability | not computable | 0.07% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (30.60) | [1,16-21] | (0.31) | 80.7 | 756 | 2026-05-31 | |
| Net debt to EBITDA | not computable | 1.82x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | (4.51x) | |||||
| interest expense must exceed $100,000 | |||||||
| Current ratio | 1.62x | [16-17] | 2.96x | 77.7 | 839 | 2026-05-31 | |
| Growth and financing, sleeve percentile 84.0 | |||||||
| Revenue growth, three-year compound | (5.9%) | [2,9,11,13] | 10.0% | 81.9 | 415 | 2026-05-31 | |
| Free cash flow growth, three-year compound | not computable | 10.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 37.1% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (22.4%) | [1,7,22-23] | 2.1% | 86.2 | 704 | 2026-05-31 | |
| Net share issuance, one year | not computable | 2.5% | |||||
| prior share count is 28 days earlier | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.534; sampling error 2.5 percentile points on 371 peers.
Among 371 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 350 | Kyntra BIO, Inc. (KYNB) Kyntra BIO, Inc. (KYNB) Eweakest fifth; percentile 94.3 Nasdaq · Pharmaceutical Preparations market equity $24.1M; last close $5.83 No active warnings; 10 of 14 inputs | 94.3 | E | |
| 351 | Celularity Inc. (CELU) Celularity Inc. (CELU) Eweakest fifth; percentile 94.6 Nasdaq · Pharmaceutical Preparations market equity $47.4M; last close $1.48 Warnings: short runway, late filer; 8 of 14 inputs | 94.6 | E | short runway, late filer |
| 352 | Silo Pharma, Inc. (SILO) Silo Pharma, Inc. (SILO) Eweakest fifth; percentile 94.9 Nasdaq · Pharmaceutical Preparations market equity $2.3M; last close $1.41 Warnings: dilution, degenerate inputs, distress; 7 of 14 inputs | 94.9 | E | dilution, degenerate inputs, distress |
| 353 | VivoSim Labs, Inc. (VIVS) VivoSim Labs, Inc. (VIVS) Eweakest fifth; percentile 95.1 Nasdaq · Biological Products, (No Diagnostic Substances) market equity $2.6M; last close $0.18 Warnings: dilution, short runway, late filer; 7 of 14 inputs | 95.1 | E | dilution, short runway, late filer |
| 354 | ALX Oncology Holdings Inc. (ALXO) ALX Oncology Holdings Inc. (ALXO) Eweakest fifth; percentile 95.4 Nasdaq · Pharmaceutical Preparations market equity $163.2M; last close $1.18 Warnings: dilution, short runway, degenerate inputs, fortress balance sheet; 8 of 14 inputs | 95.4 | E | dilution, short runway, degenerate inputs, fortress balance sheet |
| 355 | Biomerica Inc. (BMRA) Biomerica Inc. (BMRA) Eweakest fifth; percentile 95.7 Nasdaq · In Vitro & In Vivo Diagnostic Substances market equity $8.7M; last close $1.87 Warnings: short runway; 7 of 14 inputs | 95.7 | E | short runway |
| 356 | Bolt Biotherapeutics, Inc. (BOLT) Bolt Biotherapeutics, Inc. (BOLT) Eweakest fifth; percentile 95.9 Nasdaq · Pharmaceutical Preparations market equity $7.0M; last close $3.61 Warnings: short runway, distress; 7 of 14 inputs | 95.9 | E | short runway, distress |
| 357 | Pfizer Inc. (PFE) Pfizer Inc. (PFE) Eweakest fifth; percentile 96.2 NYSE · Pharmaceutical Preparations market equity $158.6B; last close $27.83 No active warnings; 8 of 14 inputs | 96.2 | E | |
| 358 | Dare Bioscience, Inc. (DARE) Dare Bioscience, Inc. (DARE) Eweakest fifth; percentile 96.5 Nasdaq · Pharmaceutical Preparations market equity $11.8M; last close $0.76 Warnings: dilution; 7 of 14 inputs | 96.5 | E | dilution |
| 359 | Longeveron Inc. (LGVN) Longeveron Inc. (LGVN) Eweakest fifth; percentile 96.8 Nasdaq · Pharmaceutical Preparations last close $2.38 Warnings: short runway; 7 of 14 inputs | 96.8 | E | short runway |
| 360 | Clene Inc. (CLNN) Clene Inc. (CLNN) Eweakest fifth; percentile 97.0 Nasdaq · Pharmaceutical Preparations market equity $49.9M; last close $3.88 Warnings: dilution, distress; 8 of 14 inputs | 97.0 | E | dilution, distress |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 96.8 | 2204 |
| sector peers, equal sleeves (the grade) | E | 95.7 | 371 |
| same exchange, equal sleeves | E | 96.1 | 1219 |
| sector peers, equal inputs | E | 95.7 | 371 |
Each letter is one fifth of the 371 graded peers, about 74 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (26.1%) | 8.0% | 27 | hotter than 27 of 100 peers |
| Distance from 52-week high | (40.9%) | (31.4%) | 37 | closer to its high than 37 of 100 peers |
| EBIT to enterprise value | not computable | (1.5%) | required accounting or market input is missing | |
| Free cash flow yield | (62.3%) | (1.0%) | 9 | pricier than 91 of 100 peers |
| Book value to price | 0.30 | 0.28 | 51 | pricier than 49 of 100 peers |
| Sales to price | 0.51 | 0.31 | 67 | pricier than 33 of 100 peers |
| Composite equity issuance, five years | 107.9% | 20.3% | 79 | more equity-funded than 79 of 100 peers |
| Relative strength against the sector, log excess return | (0.52) | (0.14) | 27 | ahead of 27 of 100 peers |
Inputs: market equity $8.7M; EBIT -$5.3M; free cash flow -$5.4M; book equity $2.6M; sales $4.5M; cash $1.3M[24].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-05-31 | ||
|---|---|---|
| Return on assets above zero | (63.5%) | ✗ fail[5,7] |
| Operating cash flow above zero | -$3.4M | ✗ fail[6] |
| Return on assets improved | (9.8 pts) | ✗ fail[5,7,22,25] |
| Operating cash flow exceeds net income | $354,000 | ✓ pass[5-6] |
| Long-term leverage fell | n/a[1,7,22] | |
| Current ratio improved | (118.3 pts) | ✗ fail[16-17,26-27] |
| No new shares issued | n/a[24,28] | |
| Gross margin improved | (1.2 pts) | ✗ fail[2,4,8-9] |
| Asset turnover improved | 17.5 pts | ✓ pass[2,7,9,22] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $6.8M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.5M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $1.3M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 4 | gross profit | us-gaap:GrossProfit | $362,000 | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 5 | net income | us-gaap:NetIncomeLoss | -$3.8M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 6 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.4M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 7 | assets | us-gaap:Assets | $5.9M | 2025-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 8 | gross profit | us-gaap:GrossProfit | $498,000 | 2025-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 9 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.3M | 2025-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 10 | gross profit | us-gaap:GrossProfit | $611,000 | 2024-05-31 | 2025-08-29 | 10-K | filing · viewer · series |
| 11 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.4M | 2024-05-31 | 2025-08-29 | 10-K | filing · viewer · series |
| 12 | gross profit | us-gaap:GrossProfit | $446,000 | 2023-05-31 | 2024-08-28 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.3M | 2023-05-31 | 2024-08-28 | 10-K | filing · viewer · series |
| 14 | gross profit | us-gaap:GrossProfit | $3.0M | 2022-05-31 | 2023-08-25 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $18.9M | 2022-05-31 | 2023-08-25 | 10-K | filing · viewer · series |
| 16 | current assets | us-gaap:AssetsCurrent | $4.0M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 17 | current liabilities | us-gaap:LiabilitiesCurrent | $2.5M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 18 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$56.9M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 19 | operating income | us-gaap:OperatingIncomeLoss | -$5.3M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 20 | book equity | us-gaap:StockholdersEquity | $2.6M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 21 | liabilities | us-gaap:Liabilities | $4.1M | 2026-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 22 | assets | us-gaap:Assets | $9.3M | 2024-05-31 | 2025-08-29 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $14.5M | 2023-05-31 | 2024-08-28 | 10-K | filing · viewer · series |
| 24 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 4,598,968 | 2026-09-28 | 2026-09-28 | 10-K/A | filing · viewer · series |
| 25 | net income | us-gaap:NetIncomeLoss | -$5.0M | 2025-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $4.9M | 2025-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $1.7M | 2025-05-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 4,588,968 | 2026-08-31 | 2026-08-31 | 10-K | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$2.5M | 2026-02-28 | 2026-04-13 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.3M | 2025-11-30 | 2026-01-14 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$268,000 | 2025-08-31 | 2025-10-14 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 95.7 is 15.7 points from the nearest band edge; sampling error is 2.5 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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