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Dynasil Corporation of America

DYSL
18
Hardware, Equipment & Parts · Technology
Price
$1.80
+0.00 (+0.00%)
Market Cap
$27.0M
Winston Score
18
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Sep 30, 2019
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+4.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 16.4M (2015) → 17.1M (2019)

Winston Score History

The full picture

Dynasil Corporation of America makes specialized scientific instruments and materials used to detect radiation. Its main products include radiation detection components, optical materials, and sensors sold to customers in healthcare, homeland security, and scientific research. The company is a small U.S.-based manufacturer serving government agencies, medical device makers, and research institutions.

Dynasil earns revenue by selling hardware components and finished instruments, with some contract research work for government clients. It operates primarily in the United States and is a very small company with a market cap under $100 million. Its niche focus on radiation detection gives it some specialized expertise, but the company faces real challenges: thin operating margins and limited scale make it vulnerable to losing key contracts or facing cost pressures. The main risk is that its small size makes consistent profitability difficult to sustain.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+3.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-111.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$626,000/ year

Declining (-24% vs prior year)

1.4% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.2%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$268,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Dynasil Corporation of America is growing revenue at 3% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
35.5%
Modest — 35.5% gross margin
Profit after running costs
Operating Margin
-0.4%
Losing money on operations — -0.4%
Return on the money invested
ROCE
0.1%
Weak — 0.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+7.4%
Steady sales growth (+7.4% YoY)
Profit growth
EPS YoY
-122.0%
Earnings shrinking (-122.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-3.2%
Burning cash (-3.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.22
Conservative — low debt load (0.22)
Covers its interest
Interest Cover
0.05x
Dangerous — barely covers interest (0.1x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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