VisionWave Holdings Inc. Common Stock (VWAV)

FairStock Score: 12/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a business with durable demand, honest accounting, and a price that leaves room for error. VisionWave is an early-stage defense and AI company with 12 employees, incorporated in 2024, selling radars, vision systems, and RF sensing. The filed numbers do not yet show a business with earning power. In fiscal Q3 2026, the quarter ended 2026-06-30, revenue was $286,339 while net loss was $25.9 million and diluted EPS was -$1.19. In fiscal Q1 2026, the quarter ended 2025-12-31, revenue was $10.0 million and net loss was $6.9 million. Those swings make trend analysis difficult. FY2025, ended 2025-09-30, had a net loss of $6.5 million. Trailing free cash flow is -$15.1 million, a -12.0% FCF yield on the $126.6 million market cap. FairStock's Piotroski F-Score is 2/9 and Altman Z-Score is 0.88, both pointing to financial fragility. The P/B of 0.04 and Graham Number of $11,615.29 with 99.96% margin of safety look tempting, but those calculations rely on reported book and earnings inputs that are not supported by positive earnings; P/E is shown as 0.00. The 52-week range of $0.36 to $15.80 shows extreme speculation. Low D/E of 0.21 is a plus, but debt is not the main issue; cash burn is. Competitive advantage in defense usually comes from contracts, certifications, scale, and R&D, and there is little filed evidence of a moat yet. FairStock assigns no Lynch category because only one year of filed results exists, needing three. Growth trajectory is unproven. I would treat this as a speculative early-stage venture, not a Graham-style bargain.

In plain English: VisionWave Holdings is a tiny defense and aerospace company with 12 employees, working on AI, autonomous systems, radars and sensing for military and homeland security. It is very early and losing money: in fiscal Q3 2026, the quarter ended 2026-06-30, revenue was $286,339 while net loss was $25.9 million. At $4.39 close on 2026-10-13, the price looks expensive relative to the actual business results because the company sells very little and burns cash.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer