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what it is
SCI Engineered makes specialty coating materials that help customers build everything from chips to low-emissivity window glass.
how it gets paid
Last year Sci Engineered made $449K in revenue. semiconductor coating materials was the main engine at $157K, or 35% of sales.
why it's growing
Revenue grew 14.2% last year on a tiny base. Any triple-digit “margin %” in vendor data is usually a comparability artifact— ignore it unless the filing reconciles COGS and revenue for the same period.
what just happened
Latest quarterly revenue reached $334K, up 178% vs. prior year, while EPS climbed to $0.26 from $0.11.
At a glance
C++ balance sheet — some cracks in the foundation
35/100 earnings predictability — expect surprises
13.0x trailing p/e — the market's not buying it — or you found a deal
11.6% return on capital — nothing to write home about
$0.38 fy2025 eps est
xvary composite: 41/100 — below average
What they do
SCI Engineered makes specialty coating materials that help customers build everything from chips to low-emissivity window glass.
SCI wins by being useful in places where standard parts do not work. It has 25 employees, which sounds tiny until you realize customers buy custom PVD materials (physical vapor deposition → ultra-thin coating inputs → changing suppliers can delay production). If your process depends on a niche coating recipe, a small supplier that gets it right matters more than a giant catalog.
How they make money
$449K
annual revenue · their business grew +14.2% last year
semiconductor coating materials
$157K
architectural glass coatings
$99K
automotive and consumer coatings
$81K
aerospace defense and photonics
$67K
solar and display materials
$45K
The products that matter
manufactures thin-film coating materials
PVD sputtering targets
~$157K FY · ~35% of revenue (bridge)
Semiconductor coating materials are the largest slice of the ~$449K annual bridge above— not multi-million-dollar quarters from a mismatched data pull.
core revenue driver
develops customer-specific materials
Architectural & specialty coatings
~$99K + ~$81K in bridge · diversification
Glass, auto/consumer, and niche lines split the rest of the ~$449K total. Order timing on a micro revenue base will swing any quarter’s vs. prior year %.
relationship business
cash on the balance sheet
Cash Cushion
$1.84 per share
cash per share was $1.84 in the latest quarter. Against a $4.94 stock price, that means roughly 37% of what you are paying is backed by cash. It does not create growth, but it does buy time.
balance sheet support
Key numbers
13.0x
trailing p/e
P/E ratio → price compared with past earnings → you are paying 13 times trailing profit for a profitable microcap materials business.
n/m
operating margin
Screens showed ~407% here— not economically meaningful on ~$449K sales. Use the filing’s operating income ÷ revenue for the same period.
$1M
long-term debt
Long-term debt → money owed over years → at just $1 million, or 4% of capital, the balance sheet is not the main thing that can hurt you here.
$0.38
2025 eps est.
EPS estimate → expected profit per share → against a $4.94 stock price, the earnings base is real enough to matter.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $1M (4% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for SCIA right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest quarterly revenue reached $334K, up 178% vs. prior year, while EPS climbed to $0.26 from $0.11.
Treat any extreme gross-margin print as a data / accounting mismatch until you line up revenue, COGS, and period length in the source filing.
$334K
quarter revenue
$0.26
quarter EPS
n/m
gross margin
the number that mattered
Revenue growth of 178% matters most because on a $449K annual base, one strong quarter can reset the whole year.
source: company earnings report, 2026
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What could go wrong
The #1 risk here is customer concentration inside a $7.2M quarter. SCIA does not need a crisis for results to break. It needs one customer to delay a purchase order.
med
Customer concentration
The business is small enough that a few accounts can define the quarter. With revenue of $7.2M in the latest period and $20M for the full year, you are not relying on broad diversification. You are relying on a handful of customers staying on schedule.
Impact: a lost or delayed order equal to one-third of the latest quarter would remove about $2.4M of revenue from a company that generated only $20M all year.
med
Lumpy order cadence
Q4 looked strong. Full-year sales still fell 14.4% from a year ago. That contrast is the business model risk in plain English: revenue arrives unevenly, and one good quarter does not mean the demand curve has straightened out.
Impact: if the next quarter drops well below $7.2M, the rebound thesis weakens fast and the 13.0x p/e stops looking cheap.
med
Scale disadvantage
SCIA is a $22M market cap company selling into technical end markets where larger suppliers have more room to absorb delays, price more aggressively, and keep engineering resources in front of customers. An 11.6% return on capital is decent. It is not a moat.
Impact: price pressure or lower factory utilization would hit margins and returns faster here than at a scaled peer.
med
Messy inputs raise the burden of proof
The source set includes a 1067.2% reported gross margin input that does not fit the rest of the income statement. That may be a provider issue rather than an operating issue, but the investing implication is the same: when the numbers need extra cleaning, you should demand extra confirmation.
Impact: thin disclosure and noisy inputs make it harder to separate a real turnaround from a statistical mirage.
A business with $20M in annual revenue, $7.2M in the latest quarter, and $1.84 of cash per share has enough financial room to survive normal bumps. It does not have enough scale for you to ignore them.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Whether quarterly revenue can stay near $7.2M
One strong quarter is a data point. Two is a pattern. If the next report falls sharply from $7.2M, the rebound case weakens fast.
calendar
Next quarterly earnings
This is the next reality check on whether the business is stabilizing or just bouncing. For SCIA, revenue cadence matters more than narrative.
trend
Semiconductor targets as a share of sales
That line was $5.3M of $7.2M in the latest quarter. If it stays dominant, your bet stays tied to one demand stream. If mix broadens, the business gets less fragile.
risk
Any sign the cash cushion is shrinking
Cash per share was $1.84. For a micro-cap, that matters. If future filings show that support eroding while revenue stays uneven, the risk profile gets worse.
Analyst rankings
earnings predictability
35 / 100
in human-speak, this is not a business with smooth, easy-to-model earnings. You should expect quarters to matter more than annual averages.
risk rank
3
That places SCIA around the middle on broad risk scoring. The micro-cap volatility and concentrated revenue base still make the ride bumpier than the rank suggests.
balance sheet grade
C++
balance sheet grade is serviceable, not comforting. You have some room because long-term debt is only $1M, but you do not own the kind of balance sheet that makes execution mistakes disappear.
source: institutional data
Institutional activity
institutional ownership data for SCIA is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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