The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
PassDebt under half of equityNot relying on borrowed money.0.44x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-36.8%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-6.7% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.42.2%
Revenue
$76.5M
+14.4% vs prior year
5-year growth
+11.9%/yr
revenue, per year
Total debt
$12.8M
0.44x equity
Current ratio
2.38x
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%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Revenue
$18.4M
+8.7% YoY
EPS
-$3.27
vs -$5.21
Op. margin
-6.5%
-2.7 pts
Gross margin
41.7%
-1.7 pts
Free cash flow
-$220K
Share count
+54.0%
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
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
■Newly held
Institutions held almost none of it the quarter before (new listing, spin-off or ticker change), so there's no fair percent change yet. 13 bought, 0 sold.
Shares held by institutions56K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+157.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $16.6M debt
Shares outstandingLatest reported
2M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 157.2% a year (dilution)
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days