Positive context积极背景
Stocks股票 / Tech / APPN
$36.01
-$1.60 · -4.25%
52w low52周低 $18.00high高 $46.95
Neutral — no clear edge中性 — 无明显优势
A normal mid-cycle dip below the 10-day average — the real cycle low isn't due for ~12+ trading days. Wait for support to hold, or for the next low to set up.这是跌破 10 日均线的正常周期中段回调——真正的周期低点要到约 12+ 个交易日后才会到来。等待支撑站稳，或等下一个低点构筑成形。
As of 2026-09-28截至 2026-09-28
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-28
Momentum (RSI 14)动量（RSI 14）
48
Neutral zone中性区域
vs 50-day average相对50日均线
+5.1% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+28.2% above上方
Long trend up长期向上
Volatility波动率
67th percentile第67百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-0538
Beat expectations 4 quarters in a row连续 4 季度超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 162.4%
Financials财务数据
fiscal years财年Revenue营业收入
$726.9M2025
20202025
5-yr growth5年复合增速 19.0%
Earnings per share每股收益
$0.022025
20202025
Free cash flow自由现金流
$59.6M2025
20202025
Gross margin毛利率
72.5%
Operating margin营业利润率
0.1%
Net margin净利率
0.2%
FCF margin自由现金流利润率
8.6%
Balance-sheet quality财务体质 6/9
Return on equity股本回报率 -3%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA10.18
Current ratio流动比率1.15
Capital allocation资本配置
Stock-based comp股权薪酬$41.5M
Share count change (1y)股数变化（1年）+0.0%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $10.0M due — about 4% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $10.0M，约占其披露本金的 4%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$10.0M
Year 2第2年
$231.6M
Year 3第3年
not reported未披露
Year 4第4年
not reported未披露
Year 5第5年
not reported未披露
After year 55年以后
not reported未披露
Cash reported at 2025-12-31: $135810000.截至 2025-12-31 披露的现金：$135810000。 Operating cash flow exceeded or equaled equipment spending over 2025-01-01 to 2025-12-31; no cash burn to measure.在 2025-01-01 至 2025-12-31 期间，经营现金流不低于设备支出，无可衡量的现金消耗。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001441683-26-000013, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-20T09:38:27.409009+00:00.
2/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree— period_mismatchLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour— period_mismatchLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive— period_mismatchLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— absent
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001441683-26-000013 · Filed提交日期 2026-02-19.
Cache acquired缓存获取时间: 2026-09-20T09:38:27.409009+00:00 · Evaluated as of评估截至 2026-09-29.
- Reported operating cash flow已披露经营活动现金流: $62874000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $3318000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $59556000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
News新闻
1 recent stories — mixed1 篇最新报道，多空参半
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
NEARING A HIGH → UPTREND接近高点 → 上涨趋势
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$1.4M net (1 buyers, 2 sellers)-$1.4M 净值（1 买家，2 卖家）
Signal history信号历史
engine events引擎事件
UPTREND → NEARING A LOW上涨趋势 → 接近低点
GET READY. Mixed structure准备。结构混合
Sep 24, 2026
NEARING A HIGH → UPTREND接近高点 → 上涨趋势
HOLD持有
Sep 15, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 15, 2026
APPN StochRSI turned up from oversoldAPPN StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $37.92.StochRSI重回20上方 — 下行动量趋缓的最早预警。$37.92。
Sep 14, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 14, 2026
APPN took relative-strength leadershipAPPN 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $38.31.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$38.31。
Sep 10, 2026
APPN printed a daily-cycle lowAPPN 打出日线周期低点
A confirmed local low — in this cycle framework the highest-odds long-entry window. $34.07.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$34.07。
Sep 4, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 3, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 2, 2026
APPN daily MACD crossed downAPPN 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $39.89.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$39.89。
Showing the last 15 of显示最近15条，共 166 signals条信号
Company profile公司档案
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Receivables stretch
Recent news最新动态
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -4.0% | +1.3% |
| 1 Month近1月 | -6.3% | +0.9% |
| 3 Months近3月 | +63.9% | +6.1% |
| 6 Months近6月 | +55.3% | +22.3% |
| Year to date年初至今 | +5.7% | +13.8% |
| 1 Year近1年 | +14.4% | +18.5% |
Trading information交易信息
Volatility rank波动率分位
67th pctile
EPS (trailing)每股收益
$0.02
Off 52-week high距52周高点
-21.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $305M | $369M | $468M | $545M | $617M | $727M |
| EPS每股收益 | $-0.48 | $-1.25 | $-2.08 | $-1.52 | $-1.26 | $0.02 |
| Free cash flow自由现金流 | $-9M | $-60M | $-116M | $-120M | $3M | $60M |
| Gross margin毛利率 | 70.9% | 71.8% | 71.5% | 73.7% | 75.7% | 72.5% |
| Net margin净利率 | -11.0% | -24.0% | -32.2% | -20.4% | -15.0% | 0.2% |
| FCF margin自由现金流利润率 | -2.9% | -16.2% | -24.7% | -22.0% | 0.5% | 8.2% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$727M
Gross profit毛利润
$527M
Net income净利润
$1M
Operating cash flow经营现金流
$63M
Total assets总资产
$691M
Shareholder equity股东权益
$-47M
Long-term debt长期负债
$231M
Buybacks股票回购
$20M
Shares outstanding总股本
0.07B
Returns & growth回报与增长
Return on equity股本回报率
-2.6%
Return on assets资产回报率
0.2%
Debt / assets负债/资产
33.4%
Asset growth资产增速
+11.3%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: working capital roughly in line with sales营运资本：营运资本与销售大致同步
- Pricing power: gross margin +1.6pts over 6 years定价能力：毛利率 6 年上升 1.6 个百分点
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
48
RSI (2-day)RSI（2日）
15
vs 20-day average相对20日均线
-5.1%
vs 50-day average相对50日均线
+5.1%
vs 200-day average相对200日均线
+28.2%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
49/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $-0.01 | $-0.15 | +93.3% |
| Mar 2026 | $0.11 | $0.05 | +120.0% |
| Dec 2025 | $0.01 | $-0.04 | +125.0% |
| Sep 2025 | $0.19 | $-0.09 | +311.1% |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$1.4M
Insider buyers vs sellers内部人买家vs卖家
1 : 2
Recent fund flows近期基金流向
First Trust Nasdaq AI & RoboticsFirst Trust Nasdaq AI & Robotics
trimming减持
Global X Robotics & AIGlobal X Robotics & AI
trimming减持
SPDR S&P Software & ServicesSPDR S&P Software & Services
trimming减持
First Trust Cloud ComputingFirst Trust Cloud Computing
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。