The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.2.6%
PassDebt under half of equityNot relying on borrowed money.0.35x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.31.4%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$5.6M
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$50.0M
+5.7% vs prior year
5-year growth
-3.3%/yr
revenue, per year
Total debt
$214.4M
0.35x equity
Free cash flow
-$5.6M
-11.1% 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 6
Revenue
$12.9M
+5.8% YoY
EPS
-$0.06
vs $0.18
Op. margin
-19.8%
-11.5 pts
Free cash flow
-$2.4M
Share count
0.0%
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
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.1%
Institutions added 16.1% to their holdings. 17 bought, 14 sold.
Shares held by institutions551K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
23 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $218.0M debt
Shares outstandingLatest reported
16M
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 12
Results filedNov 6, 2025
Results filedAug 7, 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.