The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/3Weak
MissDebt under half of equityNot relying on borrowed money.0.61x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$32.7M
Revenue
$200.3M
+24.5% vs prior year
Total debt
$27.9M
0.61x equity
Current ratio
1.04x
short-term assets / bills due
Free cash flow
-$32.7M
-16.3% 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, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 11
Revenue
$63.0M
+25.0% YoY
EPS
$0.06
Op. margin
6.5%
0.0 pts
Free cash flow
-$4.5M
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
0.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-19.1%
Institutions cut 19.1% from their holdings. 55 bought, 62 sold. 2 quarters of net selling in a row.
Shares held by institutions15.8M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.6x · $31.6M debt
Shares outstandingLatest reported
21M
Why moderate risk
Losing money
Bills due within a year exceed short-term assets
Auditor change
Earnings reports
Last 4
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 11
Results filedMay 12
Results filedMar 3
Results filedNov 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days