The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-67.6%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$97.0M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.7% in 3 years
Total debt
None
0.00x equity
Current ratio
7.47x
short-term assets / bills due
Free cash flow
-$97.0M
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 Jun 30, 2026
Reported Aug 5
EPS
-$1.99
vs -$54.80
Free cash flow
-$20.0M
Share count
+1787.6%
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
65/ 100
This week
1
Normal week
0.6
vs normal
1.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-4.6%
Institutions cut 4.6% from their holdings. 31 bought, 14 sold. 7 quarters of net selling in a row.
Shares held by institutions6.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+48.4%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
9M
Why high risk
Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 48.4% a year (dilution)
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 13
Results filedMar 12
Results filedNov 5, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days