WinstonWınston
Stock

Zone Frontier

ZONE
23
Industrial - Pollution & Treatment Controls · Industrials
Price
$0.15
+0.01 (+8.20%)
Market Cap
$33.4M
Exchange
New York Stock Exchange Arca
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.
Data as of Sep 17, 2026 · filings through Mar 31, 2026

§How the score breaks down

Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+7.5% over 4y

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

Diluted shares outstanding: 8.0M (2021) → 8.5M (2025)

§Winston Score History

The full picture

Zone Frontier is a small industrial company focused on environmental and pollution control solutions. It develops technologies and services aimed at treating contamination and managing waste, serving industrial clients and government entities that need to meet environmental regulations. The company operates in a niche segment of the pollution treatment and controls industry.

Zone Frontier generates revenue through project-based services and technology licensing related to environmental remediation. It is a micro-cap company with very limited scale, operating primarily in North America. The company's deeply negative operating margins and returns on capital indicate it is in an early or turnaround stage, spending far more than it earns. The key risk for Zone Frontier is whether it can achieve profitability and secure enough contracts to sustain operations, as companies this small face significant challenges with funding and competition from larger, better-resourced environmental services firms.

Growth Profile

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

Revenue Growth

-2.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

87.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Zone Frontier has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
-88.4%
Thin — -88.4% gross margin
Profit after running costs
Operating Margin
-2242.2%
Losing money on operations — -2242.2%
Return on the money invested
ROCE
-67.1%
Weak — -67.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+80.7%
Fast-growing sales (+80.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-439.3%
Burning cash (-439.3%)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial