The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-96.2%
PassDebt under half of equityNot relying on borrowed money.0.32x equity
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$115.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+25.3% in 3 years
Total debt
$22.4M
0.32x equity
Current ratio
4.07x
short-term assets / bills due
Free cash flow
-$115.5M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 26Before open7:09 am ET
EPS
-$0.35
vs -$0.44
Free cash flow
-$26.7M
Share count
+19.4%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
89/ 100
This week
4
Normal week
0.3
vs normal
8.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.0%
Institutions added 4.0% to their holdings. 51 bought, 32 sold. 2 quarters of net buying in a row.
Shares held by institutions47.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+7.8%
Cash runwayAt last year's cash burn
6 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $5.9M debt
Shares outstandingLatest reported
72M
Why high risk
Losing money, losses are large next to sales
About 6 months of cash left at its current burn
Share count growing 7.8% a year
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Jan 25, 2027 (est.)Estimated from the same quarter last year
Results filedOct 26
Results filedAug 12
Results filedMay 12
Results filedMar 26
Results filedNov 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days