The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissDebt under half of equityNot relying on borrowed money.0.92x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.21.5%
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.-$5.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+31.2% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.27.0%
Revenue
$20.9M
+169.4% vs prior year
5-year growth
+4.6%/yr
revenue, per year
Total debt
$3.1M
0.92x equity
Current ratio
1.41x
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
Reported Apr 27, 2018
Revenue
$3.8M
+115.9% YoY
EPS
-$0.01
vs $0.00
Op. margin
-32.5%
+21.7 pts
Gross margin
29.4%
+1.8 pts
Free cash flow
-$383K
Share count
-2.8%
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
0.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+7.7%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $2.1M debt
Shares outstandingLatest reported
281M
Why high risk
Share count growing 7.7% a year
1 offering filing in 6 months (may sell new shares)
Late quarterly report notice
Late annual report notice
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedApr 27, 2018
Results filedSep 27, 2017
Results filedAug 9, 2017
Results filedMay 16, 2017
Results filedNov 13, 2015
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days