HRGN

Neutral signal

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

Insider Supports a bullish reading. Open-market purchases outweigh sales
Congress Unavailable or mixed. No purchase disclosures in the stored window
Financial indicators Pulls against a bullish reading. Current ratio 1.19 · operating margin -1082%
Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
Timing Unavailable or mixed. No stored price series

ACHAT TOTAL: 368630 titres (~394459 USD)

Insiders: He Junli
Total bought: $394,459
Avg buy (VWAP, 90d window) $1.07 vs last close —
Total sold: —
Avg sell (VWAP, 90d window) —
Last activity: 2026-09-15
Last synced: 2026-09-26 10:08:28

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date	Person	Side	Shares	Price	Value	Form 4
2026-09-15	He Junli	Buy	6,725	$2.15	$14,459	Form 4
2026-09-11	He Junli	Buy	361,905	$1.05	$380,000	Form 4

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

Market snapshot

Signal

Neutral signalScored 2026-09-26

Despite a notable insider cluster buy signal (~$394K, 0 sales), the underlying financials of HRGN are severely distressed, with persistent operating losses, negative free cash flow, and no credible path to profitability.

The first sentence of the analysis written for HRGN on 2026-09-26 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Financial ratios

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Gross Profit Margin	8.2%	0.0%	0.0%	0.0%	0.0%
Ebit Margin	-974.6%	0.0%	0.0%	0.0%	0.0%
Ebitda Margin	-959.9%	0.0%	0.0%	0.0%	0.0%
Operating Profit Margin	-1082.2%	0.0%	0.0%	0.0%	0.0%
Pretax Profit Margin	-975.7%	0.0%	0.0%	0.0%	0.0%
Continuous Operations Profit Margin	-975.7%	0.0%	0.0%	0.0%	0.0%
Net Profit Margin	-975.7%	0.0%	0.0%	0.0%	0.0%
Bottom Line Profit Margin	-975.7%	0.0%	0.0%	0.0%	0.0%
Current Ratio	1.192	3.167	0.809	1.169	0.398
Quick Ratio	1.182	3.089	0.757	1.169	0.398
Solvency Ratio	-4.177	-6.201	-9.182	-4.269	-1.608
Cash Ratio	0.881	2.435	0.446	0.910	0.382
Price To Earnings Ratio	-4.381	-5.731	-7.448	-10.000	-3.108
Price To Earnings Growth Ratio	0.228	0.256	-0.341	0.389	-0.090
Forward Price To Earnings Growth Ratio	0.228	0.256	-0.341	0.389	-0.090
Price To Earnings Diluted Ratio	-4.381	-5.731	-7.448	-10.000	-3.108
Price To Earnings Diluted Growth Ratio	0.228	0.256	-0.341	0.389	-0.090
Price To Book Ratio	28.753	13.678	40.793	63.119	-7.640
Price To Sales Ratio	43.170	0.000	0.000	0.000	0.000
Price To Free Cash Flow Ratio	-7.939	-9.083	-9.661	-12.214	-8.806
Price To Operating Cash Flow Ratio	-7.939	-9.083	-9.677	-12.226	-8.806
Debt To Assets Ratio	0.074	0.066	0.018	0.061	0.091
Debt To Equity Ratio	0.188	0.091	0.029	0.149	-0.056
Debt To Capital Ratio	0.158	0.084	0.028	0.129	-0.059
Long Term Debt To Capital Ratio	0.075	0.058	0.000	0.046	-0.020
Financial Leverage Ratio	2.533	1.379	1.588	2.427	-0.616
Working Capital Turnover Ratio	0.561	0.000	0.000	0.000	0.000
Operating Cash Flow Ratio	-2.495	-4.752	-7.168	-3.746	-0.809
Operating Cash Flow Sales Ratio	-5.438	0.000	0.000	0.000	0.000
Free Cash Flow Operating Cash Flow Ratio	1.000	1.000	1.002	1.001	1.000
Debt Service Coverage Ratio	-55.851	-61.323	-649.500	-61.186	-72.718
Interest Coverage Ratio	-952.375	-214.632	-649.500	-61.530	0.000
Short Term Operating Cash Flow Coverage Ratio	-33.876	-51.074	0.000	-51.576	-23.891
Operating Cash Flow Coverage Ratio	-19.236	-16.503	-144.562	-34.735	-15.550
Capital Expenditure Coverage Ratio	0.000	0.000	-630.818	-1,021.200	0.000
Dividend Paid And Capex Coverage Ratio	0.000	0.000	-630.818	-1,021.200	0.000
Dividend Payout Ratio	0.000	0.000	0.000	0.000	0.000
Enterprise Value Multiple	-4.327	-5.135	-7.342	-10.355	-2.588

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

Metric	Current	vs 1Y ago	vs 5Y avg
Gross Profit Margin	8.2%	▲8.2%	▲6.6%
Ebit Margin	-974.6%	▼-974.6%	▼-779.7%
Ebitda Margin	-959.9%	▼-959.9%	▼-768.0%
Operating Profit Margin	-1082.2%	▼-1082.2%	▼-865.8%
Pretax Profit Margin	-975.7%	▼-975.7%	▼-780.6%
Continuous Operations Profit Margin	-975.7%	▼-975.7%	▼-780.6%
Net Profit Margin	-975.7%	▼-975.7%	▼-780.6%
Bottom Line Profit Margin	-975.7%	▼-975.7%	▼-780.6%
Current Ratio	1.192	▼-1.975	▼-0.155
Quick Ratio	1.182	▼-1.907	▼-0.137
Solvency Ratio	-4.176	▲2.024	▲0.911
Cash Ratio	0.881	▼-1.554	▼-0.130
Price To Earnings Ratio	-4.381	▲1.350	▲1.753
Price To Earnings Growth Ratio	0.228	▼-0.028	▲0.139
Forward Price To Earnings Growth Ratio	0.228	▼-0.028	▲0.139
Price To Earnings Diluted Ratio	-4.381	▲1.350	▲1.753
Price To Earnings Diluted Growth Ratio	0.228	▼-0.028	▲0.139
Price To Book Ratio	28.753	▲15.074	▲1.012
Price To Sales Ratio	43.170	▲43.170	▲34.536
Price To Free Cash Flow Ratio	-7.939	▲1.144	▲1.601
Price To Operating Cash Flow Ratio	-7.939	▲1.144	▲1.607
Debt To Assets Ratio	0.074	▲0.008	▲0.012
Debt To Equity Ratio	0.188	▲0.097	▲0.108
Debt To Capital Ratio	0.158	▲0.075	▲0.090
Long Term Debt To Capital Ratio	0.075	▲0.017	▲0.043
Financial Leverage Ratio	2.533	▲1.154	▲1.071
Working Capital Turnover Ratio	0.561	▲0.561	▲0.449
Operating Cash Flow Ratio	-2.495	▲2.257	▲1.299
Operating Cash Flow Sales Ratio	-5.438	▼-5.438	▼-4.350
Free Cash Flow Operating Cash Flow Ratio	1.000	0.000	▼-0.001
Debt Service Coverage Ratio	-55.851	▲5.472	▲124.264
Interest Coverage Ratio	-952.375	▼-737.743	▼-576.768
Short Term Operating Cash Flow Coverage Ratio	-33.876	▲17.198	▼-1.793
Operating Cash Flow Coverage Ratio	-19.236	▼-2.733	▲26.881
Capital Expenditure Coverage Ratio	0.000	0.000	▲330.404
Dividend Paid And Capex Coverage Ratio	0.000	0.000	▲330.404
Dividend Payout Ratio	0.000	0.000	0.000
Enterprise Value Multiple	-4.327	▲0.808	▲1.623

Key metrics

Metric	2025	2024	2023	2022	2021
Market cap	$30.4M	$44.1M	$67.1M	$62.4M	$23.1M
Enterprise value	$29.2M	$41.9M	$66.8M	$61.3M	$22.1M
EV / Sales	41.53x	0.00x	0.00x	0.00x	0.00x
EV / Op. cash flow	-7.64x	-8.63x	-9.62x	-12.01x	-8.40x
EV / Free cash flow	-7.64x	-8.63x	-9.61x	-12.00x	-8.40x
EV / EBITDA	-4.33x	-5.13x	-7.34x	-10.36x	-2.59x
Net debt / EBITDA	0.17x	0.27x	0.04x	0.18x	0.13x
Current ratio	1.19x	3.17x	0.81x	1.17x	0.40x
Income quality	0.56x	0.63x	0.77x	0.84x	0.33x
Graham net-net	-$0	$0	-$0	-$0	-$0
Tax burden	100.0%	100.0%	100.0%	100.0%	100.0%
Interest burden	100.1%	100.5%	101.0%	101.7%	92.4%
Working capital	$295K	$2.2M	-$185K	$231K	-$2.0M
Invested capital	$496K	$2.5M	-$112K	$427K	-$1.7M
Return on assets	-256.6%	-174.1%	-345.1%	-253.0%	-427.5%
Operating ROA	-214.0%	-231.2%	-362.7%	-288.5%	-438.2%
Return on tangible assets	-256.6%	-174.1%	-345.1%	-253.0%	-427.5%
Return on equity	-649.9%	-240.0%	-548.1%	-614.1%	263.4%
Return on invested capital	-606.6%	-232.0%	-536.8%	-541.6%	632.8%
Return on capital employed	-666.6%	-238.4%	-552.4%	-593.3%	624.0%
Earnings yield	-22.6%	-17.5%	-13.4%	-9.7%	-34.5%
Free cash flow yield	-12.6%	-11.0%	-10.4%	-8.2%	-11.4%
Capex / Op. cash flow	0.0%	0.0%	-0.2%	-0.1%	0.0%
Capex / Depreciation	0.0%	0.0%	8.2%	9.6%	0.0%
Capex / Sales	0.0%	0.0%	0.0%	0.0%	0.0%
SG&A / Sales	613.6%	0.0%	0.0%	0.0%	0.0%
R&D / Sales	376.8%	0.0%	0.0%	0.0%	0.0%
Stock comp / Sales	285.5%	0.0%	0.0%	0.0%	0.0%
Intangibles / Total assets	0.0%	0.0%	0.0%	0.0%	0.0%
Days sales outstanding	8d	0d	0d	0d	0d
Days payables outstanding	257d	611d	6768d	0d	0d
Operating cycle	17d	108d	760d	0d	0d
Cash conversion cycle	-239d	-503d	-6007d	0d	0d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation

Market cap ▼-31.0%EV / Sales n/aEV / EBITDA ▲+15.7%EV / Op. cash flow ▲+0.993Earnings yield ▼-0.051

Profitability

Return on equity ▼-4.099Return on assets ▼-0.825Return on invested capital ▼-3.746Return on capital employed ▼-4.282Operating ROA ▲+0.171Income quality ▼-0.070Tax burden 0.000

Efficiency

Days sales outstanding n/aDays payables outstanding ▼-354.520Operating cycle ▼-90.812Cash conversion cycle ▲+263.708Capex / Sales n/aR&D / Sales n/a

Balance-sheet strength

Current ratio ▼-1.975Net debt / EBITDA ▼-0.098Working capital ▼-1918000.000Invested capital ▼-2021000.000Intangibles / Total assets n/a

Change over 5 years

Valuation

Market cap ▲+31.3%EV / Sales n/aEV / EBITDA ▼-67.2%EV / Op. cash flow ▲+0.760Earnings yield ▲+0.119

Profitability

Return on equity ▼-9.132Return on assets ▲+1.710Return on invested capital ▼-12.394Return on capital employed ▼-12.906Operating ROA ▲+2.241Income quality ▲+0.228Tax burden 0.000

Efficiency

Days sales outstanding n/aDays payables outstanding n/aOperating cycle n/aCash conversion cycle n/aCapex / Sales n/aR&D / Sales n/a

Balance-sheet strength

Current ratio ▲+0.795Net debt / EBITDA ▲+0.045Working capital ▲+2253000.000Invested capital ▲+2175000.000Intangibles / Total assets n/a

Employee count

Peer market caps

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

No STOCK Act disclosures for this company in this window.