🖥️ Hardware & Electronics · updated 2026-10-08
US Hardware & Electronics Companies in Financial Distress (October 2026)
As of 08 October 2026, 40 of 163 US Hardware & Electronics companies analysed (25%) show financial-distress indicators: 9 very weak, 17 weak and 14 on watch. The most common red flags in this sector are losses in each of the last 3 years, operations consume cash, cash runway under 12 months and revenue collapse.
163
Analysed
40
Distress signals
9
Very weak
25%
Flag rate
What drives financial distress in Hardware & Electronics
Hardware, electronics, communications equipment and instruments — margin compression, inventory build and leverage.
Most common red flags today: Losses in each of the last 3 years · Operations consume cash · Cash runway under 12 months · Revenue collapse
Hardware & Electronics companies with distress signals
| # | Ticker | Company / industry | Distress score | Band | Ohlson PD | Merton PD | From 52w high | Key indicators | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FOXX | Foxx Development Holdings Inc. Consumer Electronics |
Very weak | 100% | 69.8% | -59% | Liabilities exceed assets (negative equity)Cash runway under 12 monthsMarket-implied default probability >20% |
Details → | |
| 2 | RIME | Algorhythm Holdings, Inc. Consumer Electronics |
Very weak | 100% | 86.1% | -96% | Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20% |
Details → | |
| 3 | USBC | USBC, Inc. Scientific & Technical Instruments |
Very weak | 93% | 0.1% | -63% | Operating profit does not cover interestCash runway under 12 monthsSevere working-capital shortfall |
Details → | |
| 4 | TSAT | Telesat Corporation Communication Equipment |
Very weak | 85% | 1.0% | -27% | Operating profit does not cover interestSevere working-capital shortfallMaterial debt with no EBITDA |
Details → | |
| 5 | QCLS | Q/C Technologies, Inc. Computer Hardware |
Very weak | 90% | — | -91% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 6 | BOXL | Boxlight Corporation Consumer Electronics |
Very weak | — | — | -96% | Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash |
Details → | |
| 7 | SOBR | SOBR Safe, Inc. Scientific & Technical Instruments |
Very weak | 100% | 72.1% | -98% | Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years |
Details → | |
| 8 | VTIX | Virtuix Holdings Inc. Computer Hardware |
Very weak | 100% | 58.5% | -96% | Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years |
Details → | |
| 9 | ARBE | Arbe Robotics Ltd. Scientific & Technical Instruments |
Very weak | 96% | 19.3% | -79% | Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure |
Details → | |
| 10 | REFR | Research Frontiers Incorporated Electronic Components |
Weak | 99% | 0.3% | -74% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 11 | ODYS | Odysight.ai Inc. Scientific & Technical Instruments |
Weak | 100% | 0.0% | -65% | Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure |
Details → | |
| 12 | FCUV | Focus Universal Inc. Scientific & Technical Instruments |
Weak | — | — | -98% | Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse |
Details → | |
| 13 | MVIS | MicroVision, Inc. Scientific & Technical Instruments |
Weak | — | — | -94% | Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse |
Details → | |
| 14 | UAVS | AgEagle Aerial Systems, Inc. Computer Hardware |
Weak | 63% | 5.9% | -71% | Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure |
Details → | |
| 15 | GPRO | GoPro, Inc. Consumer Electronics |
Weak | — | — | -50% | Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash |
Details → | |
| 16 | AMCI | AMC Robotics Corporation Computer Hardware |
Weak | 100% | 1.7% | -81% | Losses in each of the last 3 yearsRevenue collapseOperations consume cash |
Details → | |
| 17 | ASTC | Astrotech Corporation Scientific & Technical Instruments |
Weak | — | — | -86% | Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse |
Details → | |
| 18 | SCKT | Socket Mobile, Inc. Computer Hardware |
Weak | — | — | -71% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 19 | BGIN | BGIN Computer Hardware |
Weak | 100% | 0.0% | -56% | Cash runway under 12 monthsRevenue collapseOperations consume cash |
Details → | |
| 20 | VELO | Velo3D, Inc. Computer Hardware |
Weak | 96% | 6.0% | -71% | Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure |
Details → | |
| 21 | LPL | LG Display Co., Ltd. Consumer Electronics |
Weak | 2% | 98.9% | -51% | Operating profit does not cover interestMarket-implied default probability >20%Current liabilities exceed current assets |
Details → | |
| 22 | VUZI | Vuzix Corporation Consumer Electronics |
Weak | 100% | 0.0% | -51% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 23 | ARAI | Arrive AI Inc. Scientific & Technical Instruments |
Weak | — | — | -97% | Cash runway under 12 monthsOperations consume cashShare price down >80% from 52-week high |
Details → | |
| 24 | AGMH | AGMH Computer Hardware |
Weak | 29% | 49.8% | -93% | Market-implied default probability >20%Share price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 25 | QMCO | Quantum Corporation Computer Hardware |
Weak | — | — | -15% | Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash |
Details → | |
| 26 | RGTI | Rigetti Computing, Inc. Computer Hardware |
Weak | — | — | -75% | Losses in each of the last 3 yearsRevenue collapseOperations consume cash |
Details → | |
| 27 | AIMD | Ainos, Inc. Scientific & Technical Instruments |
Watch | — | — | -72% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 28 | CLRO | ClearOne, Inc. Communication Equipment |
Watch | — | — | -70% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 29 | DPRO | Draganfly Inc. Computer Hardware |
Watch | 100% | 0.0% | -67% | Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure |
Details → | |
| 30 | WATT | Energous Corporation Communication Equipment |
Watch | 100% | 0.0% | -68% | Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure |
Details → | |
| 31 | WRAP | Wrap Technologies, Inc. Scientific & Technical Instruments |
Watch | 100% | 0.0% | -53% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 32 | NEON | Neonode Inc. Electronic Components |
Watch | — | — | -77% | Revenue collapseLosses in 2 of the last 3 yearsTrading below $1 |
Details → | |
| 33 | MSN | Emerson Radio Corp. Consumer Electronics |
Watch | — | — | -47% | Revenue collapseOperations consume cashLosses in 2 of the last 3 years |
Details → | |
| 34 | GNSS | Genasys Inc. Scientific & Technical Instruments |
Watch | — | — | -42% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 35 | KULR | KULR Technology Group, Inc. Electronic Components |
Watch | — | — | -55% | Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash |
Details → | |
| 36 | AMPG | AmpliTech Group, Inc. Communication Equipment |
Watch | — | — | -71% | Losses in each of the last 3 yearsOperations consume cashCash runway under 24 months |
Details → | |
| 37 | AAOI | Applied Optoelectronics, Inc. Communication Equipment |
Watch | — | — | -53% | Losses in each of the last 3 yearsOperations consume cashMassive shareholder dilution |
Details → | |
| 38 | CMTL | Comtech Telecommunications Corp. Communication Equipment |
Watch | — | — | -80% | Losses in each of the last 3 yearsOperations consume cashShare price down >80% from 52-week high |
Details → | |
| 39 | MSAI | MultiSensor AI Holdings, Inc. Electronic Components |
Watch | — | — | -94% | Losses in each of the last 3 yearsOperations consume cashShare price down >80% from 52-week high |
Details → | |
| 40 | ASTS | AST SpaceMobile, Inc. Communication Equipment |
Watch | — | — | -57% | Losses in each of the last 3 yearsOperations consume cashCash runway under 24 months |
Details → |
Frequently asked questions
Which Hardware & Electronics companies are in financial distress?
As of 2026-10-08, 40 US Hardware & Electronics companies show financial-distress indicators (9 very weak, 17 weak and 14 on watch). The table on this page ranks them by score with the indicators behind each one. These are statistical signals, not predictions that any company will file.
How many Hardware & Electronics companies are in financial trouble?
40 of 163 analysed (25%); 9 are in the 'Very weak' band.
What are the biggest financial risks for Hardware & Electronics companies?
Hardware, electronics, communications equipment and instruments — margin compression, inventory build and leverage. Right now the most frequent red flags are losses in each of the last 3 years, operations consume cash, cash runway under 12 months and revenue collapse.
What happens to shareholders if a company becomes insolvent?
In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.
Financial distress in other sectors
🏦 Bank & Finance 57🛡️ Insurance 6💊 Pharma & Biotech 354🩺 Healthcare & MedTech 98💻 IT & Software 113🔬 Semiconductor 15🤖 AI 74📡 Telecom & Media 55🛍️ Consumer Discretionary 91🛒 Consumer Staples 41🏭 Industrials & Capital Goods 116🛢️ Energy, Oil & Gas 31⛏️ Metals, Mining & Chemicals 61⚡ Utilities & Power 14🏢 Real Estate Cos & REITs 25📦 SPACs & Shell Companies 0❔ Unclassified 235
Important: A listing means a company’s reported numbers resemble those of firms that later failed — it is not a statement that the company is insolvent, has defaulted or will enter insolvency proceedings. Recalculated every trading day. Not investment or legal advice.