The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-11.0%
PassDebt under half of equityNot relying on borrowed money.0.43x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-84.2%
MissProfitable every yearSteady profits, not one good year.4 of 5 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$11.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+11.6% in 3 years
Revenue
$24.6M
-46.2% vs prior year
Total debt
$76.3M
0.43x equity
Free cash flow
$11.2M
45.7% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
EPS
$0.23
vs -$0.60
Free cash flow
-$6.2M
Share count
+4.9%
vs a year ago
Insider rating
Last 90 days
65Buying
1 insider bought $432K
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+8.9%
Institutions added 8.9% to their holdings. 23 bought, 28 sold.
Shares held by institutions4.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+3.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.4x · $76.6M debt
Shares outstandingLatest reported
23M
Why moderate risk
Losing money, losses are large next to sales
Revenue down 46.2% from the year before
Earnings reports
Last 12
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 7
Results filedMar 4
Results filedNov 12, 2025
Results filedAug 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days