The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.4%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$64.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+34.7% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.42.1%
Revenue
$122.8M
+24.6% vs prior year
Total debt
$222.5M
Current ratio
2.43x
short-term assets / bills due
Free cash flow
-$64.2M
-52.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$30.5M
-0.8% YoY
EPS
-$0.13
vs -$0.12
Gross margin
37.1%
-2.1 pts
Free cash flow
-$18.5M
Share count
+4.8%
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
1
Normal week
2.4
vs normal
0.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+7.2%
Institutions added 7.2% to their holdings. 24 bought, 37 sold. 7 quarters of net buying in a row.
Shares held by institutions23.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
59M
Why low risk
Share count growing 9.8% a year
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 12
Results filedMar 5
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.