Pulling SEC filings + quote and writing the call…

CALLAN JMB INC.
Next earnings ≈ Aug 13, 2026 · est. from filing cadence
Last earnings +7.8% on 2026-03-31
Post-IPO cold-chain micro-cap burning cash faster than it holds, revenue halved since 2023 — unprofitable, dilutive, uninvestable.
Revenue $5.72M · FY2025
Callan JMB is a $4.6M micro-cap cold-chain logistics provider to life sciences whose top line is shrinking, not scaling: revenue fell from $13.2M (FY2023) to $6.56M (FY2024) to $5.72M (FY2025), a 57% two-year collapse. Management attributes the latest -13% to 'decrease in demand for our emergency preparedness services by certain states and local governments' — i.e., the business is concentrated in lumpy government contracts that are rolling off, not a growth engine. Gross profit is thin ($2.10M, 36.8% margin) and also declining. Whatever the 'disruptive' cold-chain pitch, the numbers show a business contracting.
The cost structure is the killer. SG&A exploded 77% to $8.6M against just $5.7M of revenue, driven by consulting/professional fees, IR and marketing for the IPO — plus a $542K impairment on property and equipment. That produced a -$7.03M operating loss (-122.9% operating margin) and a -$7.97M net loss (net margin -139.2%), with 'other expense' of -$935K adding insult. ROE is -342%, EPS -$1.82. Retained earnings swung to a -$10.3M accumulated deficit. Management explicitly warns it 'may continue to incur losses' and 'may never generate revenues sufficient to become profitable.'
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 6:08 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Is CJMB a buy? The one-page verdict, explained →
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $13.2M | $6.56M | $5.72M |
| Gross profit | $5.65M | $2.56M | $2.10M |
| Operating income | $2.20M | -$2.27M | -$7.03M |
| Net income | $2.18M | -$2.29M | -$7.97M |
| Diluted EPS | — | -$0.87 | -$1.82 |
| Net margin | 16.5% | -34.9% | -139.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Item 3.01: further Nasdaq continued-listing deficiency notice — delisting risk escalating
Item 5.02: officer/director change amid mounting losses — leadership turnover
Item 1.01: entered new material agreement (likely financing/customer)
Filed shelf registration to sell securities — future dilution overhang
Q1'26 10-Q: cash-burning micro-cap, only $2.1M cash vs $4.6M annual burn
Item 3.01: received continued-listing deficiency notice from exchange
FY25: revenue -13%, $7M operating loss, SG&A +77%, $542K impairment
FY25: revenue -13%, $7M operating loss, SG&A +77%, $542K impairment
Item 1.01: entered material definitive agreement (financing/commercial)
Sources: SEC EDGAR (CIK 0002032545, latest 10-Q filed 2026-05-15) · EODHD · Proprietary analysis · as of 7/4/2026, 10:08:22 AM.
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