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.-58.7%
PassDebt under half of equityNot relying on borrowed money.0.35x equity
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$33.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+2.8% in 3 years
Total debt
$15.3M
0.35x equity
Current ratio
2.58x
short-term assets / bills due
Free cash flow
-$33.3M
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 May 4, 2023
EPS
-$0.09
vs -$0.16
Free cash flow
-$4.6M
Share count
+0.5%
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
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.3%
Institutions cut 1.3% from their holdings. 50 bought, 78 sold. 3 quarters of net selling in a row.
Shares held by institutions36.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.0%
Cash runwayAt last year's cash burn
16 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.4x · $15.3M debt
Shares outstandingLatest reported
60M
Why moderate risk
Losing money, losses are large next to sales
About 16 months of cash left at its current burn
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedMay 4, 2023
Results filedMar 9, 2023
Results filedNov 10, 2022
Results filedAug 5, 2022
Results filedMay 5, 2022
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days