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Picocela Inc. (PCLA) stock

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NASDAQ: PCLA Nasdaq Integrated Telecommunication Services

E Fundamentals grade

Picocela Inc. is a US-listed company in the integrated telecommunication services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Picocela Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

Picocela Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds3 adding, 4 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Picocela files

Where Picocela stands after its latest Filing

Picocela has little or no product revenue yet; it used $4m of cash in the twelve months. That puts it 16 of 16 for growth among the integrated telecommunication services companies we cover. The diluted share count is up 154.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 4 of our 6 financial-health checks.

Our model value for Picocela is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Picocela Inc.'s trailing-twelve-month revenue fell 30.0% year on year, with a free-cash-flow margin of -105.1%. Where it lags: revenue growth of -30.0% ranks 16 of 16 integrated telecommunication services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 120.4% while net income fell 31.5%: a 89pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 30.0% over the last 12 months.
  • Growth slowing. The growth rate is 59.5 points lower than a quarter earlier.
  • Loss-making. Operating margin is -110.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 53.4 points on a year ago.
  • Burning cash. Free cash flow was -105.1% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 154.9% in a year.

Price chart

  • 1 day-11.9%
  • 1 week+16.5%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.7M
Operating margin
-110.4%
Net margin
-115.0%
EPS (TTM, diluted)
$-4.59

Growth

Revenue growth
−30.0%
Change in growth rate
−59.5 pts
Share count change
+154.9%

Cash

Free cash flow (TTM)
-$3.8M
FCF margin
-105.1%
Stock pay % of revenue
1.0%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for PCLA from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Picocela Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Picocela Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.8 ~$3.5–$6.4 Left out: out of range vs price (0.10x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Picocela Inc. with Integrated Telecommunication Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Picocela Inc.: too few analysts cover it.

Positioning

Short interest
0.8%
of tradable shares
Days to cover
1.4
at average volume
Short interest, 1 month
−75%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
33.8%
of shares
Employees
55
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Picocela Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Picocela Inc.
$3.5M $4M $4.5M $5M $5.5M $6M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $5.5M Revenue (TTM), FY23 Q4: $4M Revenue (TTM), FY24 Q4: $5.2M Revenue (TTM), FY25 Q4: $3.7M $3.7M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY22 Q4 $5.5M
FY23 Q4 $4M
FY24 Q4 $5.2M
FY25 Q4 $3.7M
Operating margin (TTM) Picocela Inc.
-150% -100% -50% 0% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: -2.4% Operating margin (TTM), FY23 Q4: -112.3% Operating margin (TTM), FY24 Q4: -57.0% Operating margin (TTM), FY25 Q4: -110.4% -110.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q4 -2.4%
FY23 Q4 -112.3%
FY24 Q4 -57.0%
FY25 Q4 -110.4%
FCF margin (TTM) Picocela Inc.
-150% -100% -50% 0% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -17.4% FCF margin (TTM), FY23 Q4: -135.9% FCF margin (TTM), FY24 Q4: -33.4% FCF margin (TTM), FY25 Q4: -105.1% -105.1%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q4 -17.4%
FY23 Q4 -135.9%
FY24 Q4 -33.4%
FY25 Q4 -105.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 5,508 4,035 5,224 3,655
EBITDA −65 −4,445 −2,841 −3,858
Operating income −131 −4,533 −2,978 −4,036
Net income −42 −4,572 −3,196 −4,202
Diluted EPS −$0.18 −$19.36 −$8.89 −$4.59
Growth (year on year)
Revenue — −26.8% +29.5% −30.0%
Margins
EBITDA margin −1.2% −110.2% −54.4% −105.5%
Operating margin −2.4% −112.3% −57.0% −110.4%
Net margin −0.8% −113.3% −61.2% −115.0%
Free-cash-flow margin −17.4% −135.9% −33.4% −105.1%
Cash flow
Cash from operations −931 −5,336 −1,617 −3,650
Capital spending 29 148 125 190
Free cash flow −960 −5,483 −1,742 −3,840
Stock-based pay — — — 35
Free cash flow after stock pay — — — −3,875
Balance sheet
Cash — 2,864 3,189 3,615
Total debt — 3,053 3,241 3,611
Net debt (negative = net cash) — 189 52 −4
Diluted shares — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · September 30, 2025
What it owns · $7m
Short-term assets $7mLonger-term assets $1m
What it owes, and who funded it · $7m
Short-term liabilities $3mLonger-term liabilities $1mShareholders' equity $3m
  • Short-term assets cover short-term liabilities $7m of assets due within a year against $3m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $7m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt $4m of cash against $2m of debt.
  • Debt below 40% of shareholders' equity Debt is 58% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$4m of operating cash flow against $2m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Picocela Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+154.9%
year over year
R&D spending
4.8%
of revenue
Sales & admin spending
163.8%
of revenue
Days sales outstanding
33 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in integrated telecommunication services
Last 12 months unless stated PCLA CXDO SHEN IQST ATNI KYIV Median
Revenue, last 12 months $4m $81m $371m $394m $734m $1.2bn $4.6bn
Revenue growth, last 12 months −30.0% 25.5% 5.5% 39.3% 2.0% 25.9% 3.3%
Revenue growth, 3-year average — 21.0% 13.7% 54.2% −0.6% — 1.9%
Revenue growth, latest quarter — 48.9% 4.6% 51.1% 1.8% — 5.3%
Gross margin — 62.0% 67.0% 2.7% — — 61.2%
Operating margin −110.4% 4.9% −3.9% −1.3% 37.7% 23.7% 20.3%
Operating margin, 3-year average — 4.0% −6.3% −0.7% 13.0% — 16.7%
Net margin −115.0% 5.3% −10.2% −2.2% 22.5% 10.7% 10.5%
Cash from operations / revenue −99.9% 14.3% 28.4% −1.0% 17.4% 48.2% 28.5%
Free-cash-flow margin −105.1% 14.3% −58.5% −1.0% 5.6% 26.9% 13.9%
Free-cash-flow margin, 3-year average — 11.0% −67.8% −1.1% 2.5% — 10.2%
Stock pay / revenue 1.0% 3.8% 2.8% 0.2% 1.0% — 0.8%
Change in share count 154.9% 6.7% 1.0% 208.2% 1.1% 4.4% 0.5%

Median of all 16 companies we cover in integrated telecommunication services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 integrated telecommunication services companies
Measure Company Peer median Rank
Revenue growth Growth -30.0% 3.5% 16 of 16
Change in growth rate Growth -59.5pp +0.9pp 16 of 16
Operating margin Profitability -110.4% 20.3% 15 of 15
Net margin Profitability -115.0% 10.7% 16 of 16
Free-cash-flow margin Cash generation -105.1% 13.8% 15 of 15
Stock pay as % of revenue Cash generation 1.0% 0.8% 6 of 9
Long-term debt as % of assets Balance sheet 1.0% 26.0% 4 of 13
Change in share count Balance sheet 154.9% 0.0% 15 of 15
Days sales outstanding Balance sheet 33 days 33 days 7 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$589
Institutions reporting
3
Shares held vs prior quarter
▼ 97.7%
Positions opened / closed
3 / 4

Top buyers and sellers, Q2 2026: 3 institutions bought and 4 sold ; the biggest buyer was Steward Partners Investment Advisory, LLC (+100 shares) and the biggest seller Citigroup Inc (−3,879). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Steward Partners Investment Advisory, LLC $468 0K 79.5% New
Barclays PLC $70 0K 11.9% New
Caitong International Asset Management Co., Ltd $51 0K 8.7% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Picocela Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Picocela Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Picocela Inc. in brief

What does Picocela Inc. do?
Picocela Inc. is a US-listed company in the integrated telecommunication services industry. Its financial year ends in September.
What is Picocela Inc.'s stock ticker?
Picocela Inc. trades under the ticker PCLA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Picocela Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Picocela Inc. reported revenue of $3.7M, 30.0% lower than a year earlier, according to its SEC filings.
What is Picocela Inc.'s free cash flow?
Picocela Inc.'s free-cash-flow margin is -105.1% of revenue over the trailing twelve months, ranking 15 of the 15 integrated telecommunication services companies we cover.
Who are Picocela Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Steward Partners Investment Advisory, LLC, Barclays PLC and Caitong International Asset Management Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
How much debt does Picocela Inc. have?
Picocela Inc.'s debt-to-equity ratio is 58.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Picocela Inc.'s competitors?
In our Integrated Telecommunication Services peer group, the companies closest to Picocela Inc. are Crexendo, Inc., Shenandoah Telecommunications Co, Iqstel Inc, ATN International, Inc. and Kyivstar Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against Picocela Inc.'s.