The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissDebt under half of equityNot relying on borrowed money.27.21x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-21.8%
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.-$3.4M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.30.8%
Revenue
$109.2M
-19.6% vs prior year
5-year growth
+14.8%/yr
revenue, per year
Total debt
$34.2M
27.21x equity
Current ratio
1.62x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 12
Revenue
$25.9M
-16.0% YoY
EPS
$0.34
vs -$275.00
Op. margin
4.0%
+16.7 pts
Gross margin
49.8%
+14.8 pts
Free cash flow
-$2.5M
Share count
+2995.9%
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
43/ 100
This week
1
Normal week
1.3
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady
The share count changed with a stock split this quarter, so the change in holdings isn't comparable until next quarter.
Shares held by institutions7K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-24.9%
Cash runwayAt last year's cash burn
15 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
667K
Why high risk
Losing money, losses are large next to sales
About 15 months of cash left at its current burn
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 19.6% from the year before
4 offering filings in 6 months (may sell new shares)
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 12
Results filedMay 15
Results filedApr 13
Results filedNov 6, 2025
Results filedAug 13, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days