How to read what a microcap actually files. Every method we use in the coverage, set out from scratch and in plain English, with no company attached and no call to agree with. Learn one once and you can run it on any name — including the ones we don't cover.

Over a thousand US companies sit between $50M and $300M. Eight steps to cut that list to a readable one.

Non-dilutive funding creates no new shares. Grants, loans, contracts and milestones, and why they matter most at the…

A PDUFA date is a deadline the FDA sets for itself, not a decision date. Three things can happen when it arrives, and…

A rising share count, going-concern language, an SEC trading suspension, buried promotion disclosure. Each is public…

Roughly 2,000 of the smallest US stocks, ranked rather than screened by size. Inclusion moves the price and says…

Gross margin is revenue minus cost of goods sold, divided by revenue. Two companies can both report 50% growth and…

Total contract value is what a customer promised over a whole contract. Revenue is what a company earned. The two can…

A $0.30 stock can be worth more than a $6.00 stock. Microcap is about company size, not share price.

A formal statement of substantial doubt about surviving twelve months. Not a bankruptcy prediction, and not legal…

Cash runway is cash divided by monthly operating burn. Here is where both numbers sit in a 10-Q, and the four…