The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-6.0%
MissDebt under half of equityNot relying on borrowed money.22.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-6.3%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$8.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+2.0% in 3 years
Revenue
$29.7M
-14.1% vs prior year
5-year growth
-8.4%/yr
revenue, per year
Total debt
$140.0M
22.00x equity
Free cash flow
$8.0M
26.9% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$6.6M
-11.8% YoY
EPS
-$0.03
vs $0.12
Op. margin
34.4%
+6.2 pts
Free cash flow
$2.4M
Share count
0.0%
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
36.4x · $140.3M debt
Shares outstandingLatest reported
14M
Why moderate risk
Losing money
High debt: 36.4x equity
Revenue down 14.1% from the year before
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 8
Results filedMar 5
Results filedNov 6, 2025
Results filedAug 5, 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.