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This week’s Microcap Information Arbitrage Weekly Wrap-Up is ready — spotlighting key moves, missed signals, and overlooked opportunities in our 1,500+ coverage universe built since 2009.

Summary Of What’s In This Weekly Wrap-Up

Last week, the microcap earnings season officially began, with most companies we follow posting impressive results. However, many of these reports got “lost” in a week where the stock market pulled back, amid fears of an AI bubble. 

Highlights in this weekly:

  • Q3 reports from Crawford United Corporation (OOTC:CRAWA), Bk Technologies Corporation (NYSE:BKTI), First Acceptance Corp. (OTC:FACO), Equator Beverage Company (OOTC:MOJO), Acorn Energy, Inc. (NASDAQ:ACFN), Fuel Tech, Inc. (NASDAQ:FTEK), Power Solutions International, (NASDAQ:PSIX), Cipher Pharmaceuticals, Inc. (OTC:CPHRF) (TSX:CPH)
  • An awesome MUST WATCH investor insight skull session with Quant investor Yuval Taylor (@yuvaltaylor).
  • Latest “You Make the Call” Fireside Chat, Wesley J. Bolsen, CEO of General Enterprise Ventures Inc (OOTC:GEVI).
  • Our in-depth take on ACFN 39% Pullback during the week.
  • Our quick take on PSIX 23% Pullback during the week.  


Crawford United Corporation (OOTC:CRAWA) and Bk Technologies Corporation (NYSE:BKTI) reported record Q3s, while First Acceptance Corp. (OTC:FACO)’s Q3 numbers strongly rebounded from a few quarters of weak growth. Equator Beverage Company (OOTC:MOJO)’s came in with Q3 revenue of over $1 million, its second consecutive quarter over $1 million. Capstone Green Energy Holdings (OTC:CGEH) entered our coverage universe as a new data center stock (turbines), with a strong Q3 update.

Also on the data center front, investors weren’t impressed with Q3 earnings results from Fuel Tech, Inc. (NASDAQ:FTEK) or Power Solutions International, (NASDAQ:PSIX), down 15%, and 23%, respectively, for the week.

Cipher Pharmaceuticals, Inc. (OTC:CPHRF) (TSX:CPH) came in with a nice year-over-year Q3 report, but investors may not have been impressed with the lack of sequential growth from Q2.

Meanwhile, Acorn Energy, Inc. (NASDAQ:ACFN) underperformed, with Q3 revenue and EPS both down sharply year-over-year and shares falling 39% for the week.

As we are now on the hunt to launch Buy On Pullback #14 (BOP) this week, we will be assessing if any of these pullbacks are good candidates for inclusion in the portfolio. Here’s a table that summarizes the reports highlighted in our morning emails last week:

Earnings calls you may be interested in listening to. Click on the ‘Earning Calls’ tab, then select the most recent quarter to listen to their latest calls:


This past week, we also hosted an Investor Insights Skull Session with Yuval Taylor (@yuvaltaylor), Portfolio Manager at Fieldsong Investments, where he manages $18 million. He discussed his quant strategy focused on operating income growth, earnings quality, and fraud detection, while I brought up how I use qualitative signals in microcaps.  We actually bounced that idea around quite a bit.

Also, in our latest “You Make the Call” Fireside Chat, Wesley J. Bolsen, CEO of General Enterprise Ventures Inc (OOTC:GEVI), shared why he just joined the company and how their EPA-certified CitroTech fire inhibitor might help position GEVI as a leader in wildfire prevention and treated wood systems. Q2 sales were only $0.69 million, but up 246% year over year. With a capital raise just completed, our job is to decide if we believe that management can get the company to profitability without further dilution.

Before we get deeper into the earnings reports coverage, let’s start with last week’s skull session events, starting with Yuval Taylor, Portfolio Manager at Fieldsong Investment.

Skull Sessions

Betting on the Underdogs With Yuval Taylor, Quant-Investor

For this week’s featured discussion, we sat down with Yuval Taylor (@yuvaltaylor) of Fieldsong Investments, a self-taught quant who built a 40% CAGR over a decade by combining discipline with deep data exploration. Yuval’s story isn’t your usual finance-to-fund-manager tale. He came out of publishing (30 years in it) and didn’t start investing seriously until a sabbatical in Bolivia sparked the idea. Within a few years, he was managing his own capital with algorithmic rigor and now runs an $18 million hedge fund launched in 2024.

What’s refreshing about Yuval is how grounded his approach is: he relies heavily on quantitative signals and ranking systems with 200+ factors, but he’s not dogmatic. In fact, he talks openly about where qualitative nuance matters, especially when it comes to turnaround names that can’t yet be picked up by the numbers alone.

“I’m not like this quant who says, oh, all you discretionary investors, you’ve got your heads up your asses, you know, I’m not like that. I have a great admiration for what good qualitative investors do… I don’t think it can be duplicated.”

He’s particularly focused on operating income growth, cash flow return on assets, and something you might not hear much about in quant corners: the stability of a company’s cash conversion cycle. This gives him an edge in spotting high-quality stocks flying below traditional quant screens. His strategy also rewards what he calls “middling” metrics, like margin growth in the 70th percentile, as more sustainable than the flashy extremes that often mean-revert. I actually loved this point, like finding low ranked stocks by the Investor Business Daily that will eventually make it into their top 50. 

ACFN, which I discuss at length later, through a long-term EPS analysis, is a great case in point about understanding the qualitative. ACFN was added to Geoinvesting’s longer-term Focus Model Portfolio on September 5, 2025 at $9.40, peaking out at a return of 251%. We had continually communicated that the stock could run into issues if ACFN were not to renew or replace a contract with a large telecom company that was coming to an end. This would lead to an “air pocket” until a new contract came in. Those who automatically assumed (and perhaps did not understand the business model) that ACFN would maintain a quarterly EPS run-rate of near 30 cents got blindsided by the 12 cents adjusted EPS quarter the company reported on Thursday, sending the stock down 40%. Those who understood the qualitative at least had the chance to make a decision to hold or sell the stock into the Q3 report. 

The conversation with Yuval hit on plenty of names familiar to our community. Yuval mentioned holding or previously owning:

  • Power Solutions International, (NASDAQ:PSIX), a manufacturer of emission-certified engines and power systems for industrial and transportation markets, is a stock both he and GeoInvesting flagged early in its turnaround, on its way from $12 to over $100.
  • Conrad Industries, Inc. (OOTC:CNRD), a builder & repairer of steel/aluminum marine vessels, one of his largest positions.
  • D-box Technologies, Inc. (OOTC:DBOXF) (TSX:DBO), a maker of haptic motion systems for entertainment & simulation, a tiny Canadian play he’s hopeful about.
  • Hammond Power Solutions Inc. (OOTC:HMDPF) (TSX:HPS-A), a manufacturer of transformers & power-equipment for infrastructure, which he rode from ~$10 to over $40 before selling.

He also shared his evolution in handling risk, initially bruised by options overuse and currency exposure in Europe, but now using hedging strategies with put options on single names and a newer custom hedge for factor inversion environments.

What stood out most was his honest reflection on fraud detection, sparked by getting burned on $TIOG, a stock that Hindenburg research eventually took to the woodshed the deep dive short selling report. That led him to adapt the Beneish M-score to catch both high and low manipulative flags, something we resonated with, given our own background in exposing fraudulent microcaps.

In true Geo fashion, the conversation closed with mutual admiration for underfollowed stocks with long, boring histories, companies that don’t get analyst coverage but whose margins or earnings might just be inflecting after years in the shadows. Yuval sees real value in having exposure to those ideas before the crowd catches on.

For anyone interested in the overlap between data-driven rigor and deep small-cap hunting, the full conversation is worth a listen. You can find Yuval’s work at fieldsonginvestments.com.

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GEVI Targets Wildfire Defense with High-Margin Chemistry

This week’s Fireside Chat in our “You Make the Call” series featured Wesley J. Bolsen, the newly installed CEO of General Enterprise Ventures Inc (OOTC:GEVI), a wildfire-defense and fire-retardant solutions company, who gave a compelling walkthrough of why he joined and why he believes the company is at an inflection point.

Bolsen, a former executive at Perimeter Solutions, Sa (NYSE:PRM), a fire-safety products and lubricant additives company, came in just 30 days before the call, bringing deep domain knowledge from the fire safety industry. His prior company was a key supplier of aerial fire retardants and now has a market cap of around $4 billion. At GEVI, his pitch is simple: CitroTech, GEVI’s core product, is the only EPA Safer Choice certified fire inhibitor on the market.

Unlike traditional fire retardants based on ammonia phosphate, which are known for aquatic toxicity, CitroTech uses food-grade potassium citrate, making it safer for the environment, pets, and people. Bolsen believes this safety edge will

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GeoInvesting is a premier research platform for microcap investors, dedicated to uncovering high-potential stock ideas in undervalued companies across various sectors. With over 30 years of investing experience, GeoInvesting has covered more than 1,500 equities, providing often actionable proprietary research. The platform has been instrumental in identifying 200+ multibagger stocks, and offers investors exclusive access to over 600 management interview clips, allowing for deeper due diligence and understanding of the microcap stocks, many of which make it to market-beating premium Model Portfolios. Join the GeoInvesting community for the best stock research and microcap insights to help you stay ahead in the market. To learn more about our Premium Services, go here.. (https://geoinvesting.com/premium-research/)

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