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.-86.3%
MissDebt under half of equityNot relying on borrowed money.0.83x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-334.3%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$14.6M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.9% in 3 years
Revenue
$44.1M
-5.5% vs prior year
5-year growth
-13.8%/yr
revenue, per year
Total debt
$83.0M
0.83x equity
Current ratio
14.39x
short-term assets / bills due
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 10
Revenue
$9.0M
+7.7% YoY
EPS
$0.29
vs -$2.39
Op. margin
20.9%
+323.3 pts
Gross margin
44.8%
+379.2 pts
Free cash flow
$6.6M
Share count
-2.7%
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
0/ 100
This week
0
Normal week
0.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.7%
Institutions added 0.7% to their holdings. 47 bought, 40 sold.
Shares held by institutions4.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $82.9M debt
Shares outstandingLatest reported
7M
Why moderate risk
Losing money, losses are large next to sales
Earnings reports
Last 12
Next reportAround Nov 23 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 11
Results filedFeb 4
Results filedNov 24, 2025
Results filedAug 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.