The 60% revenue miss vs consensus and lack of formal guidance create significant downside risk. Monitor the Q2 2026 earnings call for signs of government contract recovery and whether product revenue growth (ROC Watch +77%, ROC ABIS +255%) can offset the R&D revenue decline. The strong cash position post-IPO provides a buffer, but the widening operating loss trajectory warrants caution.
Price Chart
Executive Summary
ROC reported Q1 2026 revenue of $2.5M, down 20% YoY from $3.2M, and a net loss of $3.0M ($0.18/share) vs. a $0.7M loss ($0.05/share) a year ago, driven by a 69% decline in government R&D contract revenue due to lingering effects of the late-2025 federal shutdown. Product revenue was flat at $2.3M, but ROC Watch (+77%) and ROC ABIS (+255%) showed strong growth. The company ended the quarter with $16.6M cash and no debt after its February IPO, but provided no formal guidance, and the revenue miss vs. the $6.2M consensus is significant.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $2.5M missed consensus estimate of $6.2M by ~60%
- Revenue declined 20% YoY from $3.2M, driven by 69% drop in government R&D contract revenue ($0.2M vs $0.7M)
- Net loss widened to $3.0M from $0.7M YoY; EPS of ($0.18) vs ($0.05) prior year
- Product revenue was flat at $2.3M; ROC Watch grew 77% YoY and ROC ABIS grew 255% YoY
- IPO in February generated $21.5M net proceeds; cash balance $16.6M with no long-term debt
- No formal guidance provided; management cited government shutdown effects and Q1 seasonality
- Operating expenses rose 43% to $5.0M from $3.5M, driven by public company costs and hiring
Financial Impact
Revenue miss of ~$3.7M vs consensus; net loss increased by $2.3M YoY; EPS surprise of -260% vs consensus
Risk Factors
- Continued government procurement delays from the late-2025 shutdown could pressure H1 2026 revenue
- Operating expenses growing faster than revenue (43% vs -20%) may delay path to profitability
- No formal guidance creates uncertainty; consensus may need to be revised sharply lower
- Dependence on U.S. government contracts exposes revenue to federal budget cycles and shutdowns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-057593 |
| Document: ea0290715-8k_rankone.htm | 0001213900-26-057593 |
| Document: 0001213900-26-057593-index-headers.html | 0001213900-26-057593 |
| Document: 0001213900-26-057593-index.html | 0001213900-26-057593 |
| Document: 0001213900-26-057593.txt | 0001213900-26-057593 |
| 8-K Data (Synthetic) | 0001213900-26-057593 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $3.73 $3.55 | ▼ −4.83% | ▼ −4.40% | $3.51 (−5.90%) |
Oct 6, 2026 20d ago | 3 | $3.73 $3.55 | ▼ −4.83% | ▼ −4.40% | $3.51 (−5.90%) |
Sep 30, 2026 26d ago | 8-K | $4.05 $4.09 | ▲ +0.99% | ▲ +0.25% | $3.51 (−13.33%) |
Sep 2, 2026 7w ago | 8-K | $4.10 $4.15 | ▲ +1.22% | ▲ +0.17% | $3.51 (−14.39%) |
Sep 1, 2026 8w ago | Press Release | $4.12 $4.10 | ▼ −0.49% | ▼ −0.93% | $3.51 (−14.81%) |
Aug 19, 2026 9w ago | 8-K | $4.36 $4.20 | ▼ −3.67% | ▼ −2.83% | $3.51 (−19.50%) |
Aug 14, 2026 10w ago | 8-K | $4.34 $4.41 | ▲ +1.61% | ▲ +2.09% | $3.51 (−19.12%) |
Jun 16, 2026 19w ago | 8-K | $4.67 $4.72 | ▲ +1.07% | ▲ +2.32% | $3.51 (−24.84%) |
May 15, 2026 23w ago | 8-K | $5.77 $4.86 | ▲ +15.77% | ▲ +15.71% | $3.51 (+39.17%) |
US Market Status
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