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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.

A desk with printed financial filings, a magnifying glass and a pencil in low natural light
Explainer

How to Find Microcap Stocks, and Cut the List Down

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

Oct 6, 2026·8 min read
Two people reviewing the commercial terms of a contract, one form of non-dilutive funding
Explainer

What Is Non-Dilutive Funding, and Why Does It Matter?

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

Sep 25, 2026·7 min read
Regulatory submission documents representing an FDA drug application review
Explainer

What Is a PDUFA Date, and Why Do Extensions Happen?

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

Sep 11, 2026·8 min read
SEC filing documents under review representing microcap due diligence checks
Explainer

Microcap Red Flags, and How to Check Them in Ten Minutes

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

Sep 9, 2026·20 min read
Stock exchange listings board representing index constituents and benchmark membership
Explainer

What Is the Russell Microcap Index, and Does Joining Matter?

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

Sep 8, 2026·13 min read
Income statement showing revenue, cost of goods sold and gross profit lines
Explainer

What Is Gross Margin, and Why Does It Beat Revenue Growth?

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

Sep 4, 2026·9 min read
Contract pages and a calculator representing total contract value arithmetic
Explainer

What Is Total Contract Value, and Why Isn't It Revenue?

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

Sep 4, 2026·10 min read
Stock market data board showing share prices and market capitalization figures
Explainer

What Is a Microcap Stock, and Who Draws the Line?

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

Aug 19, 2026·15 min read
Auditor
Explainer

What Is a Going Concern Warning?

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

Aug 18, 2026·9 min read
Financial statements and a calculator representing cash runway analysis from SEC filings
Explainer

How to Calculate Cash Runway From a 10-Q

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

Aug 14, 2026·10 min read
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