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.9.3%
MissDebt under half of equityNot relying on borrowed money.0.71x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.20.2%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$18.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+8.8% in 3 years
Revenue
$112.9M
+4.6% vs prior year
5-year growth
+5.1%/yr
revenue, per year
Total debt
$176.4M
0.71x equity
Current ratio
0.64x
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 7
Revenue
$30.7M
+7.4% YoY
EPS
$0.64
vs $0.61
Op. margin
28.1%
+0.6 pts
Free cash flow
-$2.5M
Share count
+0.2%
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
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-2.1%
Institutions cut 2.1% from their holdings. 59 bought, 44 sold. 2 quarters of net selling in a row.
Shares held by institutions5.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $182.6M debt
Shares outstandingLatest reported
8M
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 6
Results filedMar 13
Results filedOct 31, 2025
Results filedAug 5, 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.