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.-145.7%
PassDebt under half of equityNot relying on borrowed money.0.39x equity
MissProfitable every yearSteady profits, not one good year.0 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$84.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+31.8% in 3 years
Total debt
$10.2M
0.39x equity
Current ratio
2.07x
short-term assets / bills due
Free cash flow
-$84.4M
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 6
EPS
-$0.13
vs -$0.49
Free cash flow
-$16.1M
Share count
+153.8%
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
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+12.4%
Institutions added 12.4% to their holdings. 66 bought, 21 sold. 2 quarters of net buying in a row.
Shares held by institutions105.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+49.9%
Cash runwayAt last year's cash burn
3 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $10.2M debt
Shares outstandingLatest reported
138M
Why high risk
Losing money, losses are large next to sales
About 3 months of cash left at its current burn
Share count growing 49.9% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 8
Results filedFeb 27
Results filedNov 7, 2025
Results filedAug 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days