Weekly Update #20 - Week Ending 06/22/26

$BOF, $FTEK, $CODA & Others

Highlights

• BOF (Contracts/Awards): Five-SKU launch landed in a ~2,000-store national retailer, its biggest branded win yet.

• FTEK: Potential Information Arbitrage that could explain yesterday’s 30.0%+ strong move on extremely high volume.

• CODA (Quarterly Results): Revenue dipped on the Iran/Hormuz hit to the core business, but EPS nearly doubled to $0.15, and the U.S. Navy finally approved the untethered DAVD.

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The following will cover stocks that are either in our microcap quality indices (MSMqi) or in our research journal (stocks that don’t quite qualify for the MSMqi but might be close).

Studs (Positive News)

1) BOF | Dehydrated Fruit & Vegetable Snacks Producer

Contracts/Awards

BranchOut landed one of the largest branded retail wins in its history: a five-SKU launch in a leading U.S. mass retailer starting in September.

According to my model, I think BOF can generate around $26M in revenue in 2026 and $40M in 2027. At 2026 revenue levels, BOF will break even and, most importantly, will not need to raise cash. By 2027, I estimate they can generate around $0.27 in EPS, which would put them at a 2027 P/E of around 15.7x. To be honest, I completely missed the May 2026 pullback because I was still updating the model, but I probably would’ve added around $3.00. I am still waiting for a pullback :(

Note: Stock is in our Microcap Quality Index

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Duds (Negative News)

No Duds this week

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On Our Radar

1) FTEK | Air Pollution Control Equipment Manufacturer

FTEK has recently caught our attention and appeared on our momentum screeners. The stock was up more than 30% yesterday on extremely high volume and no apparent news. However, we found a very plausible explanation.