The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-6.6%
PassDebt under half of equityNot relying on borrowed money.0.34x equity
MissProfitable every yearSteady profits, not one good year.2 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$21.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+36.4% in 3 years
Total debt
$67.6M
0.34x equity
Current ratio
1.07x
short-term assets / bills due
Free cash flow
$21.4M
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 Jul 30
Revenue
$37.1M
+23.2% YoY
EPS
-$0.15
vs -$0.22
Op. margin
-6.5%
+8.9 pts
Gross margin
67.5%
+1.4 pts
Free cash flow
$4.2M
Share count
+5.6%
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
1.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.5%
Institutions added 3.5% to their holdings. 51 bought, 39 sold. 3 quarters of net buying in a row.
Shares held by institutions21.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $68.9M debt
Shares outstandingLatest reported
29M
Why elevated risk
Losing money
Share count growing 11.4% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 26
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days