The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-91.0%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-80.5%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$40.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+132.5% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.24.6%
Revenue
$103.5M
-18.0% vs prior year
5-year growth
+75.4%/yr
revenue, per year
Current ratio
1.41x
short-term assets / bills due
Free cash flow
-$40.6M
-39.2% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$21.7M
-24.4% YoY
EPS
-$0.04
vs -$0.28
Op. margin
-28.7%
+74.4 pts
Gross margin
38.9%
+22.0 pts
Free cash flow
-$3.4M
Share count
+40.2%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-26.8%
Institutions cut 26.8% from their holdings. 36 bought, 50 sold. 2 quarters of net selling in a row.
Shares held by institutions17.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+31.4%
Cash runwayAt last year's cash burn
13 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
145M
Why high risk
Losing money, losses are large next to sales
About 13 months of cash left at its current burn
Share count growing 31.4% a year (dilution)
Revenue down 18% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 11
Results filedMar 26
Results filedNov 6, 2025
Results filedAug 18, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days