The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-13.6%
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$4.5M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.10.6%
Revenue
$435.9M
-1.5% vs prior year
Total debt
$84.7M
Current ratio
0.71x
short-term assets / bills due
Free cash flow
-$4.5M
-1.0% of revenue
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 Jun 25
Revenue
$319.8M
+210.8% YoY
EPS
-$0.98
vs -$0.20
Op. margin
-4.8%
+3.6 pts
Gross margin
7.4%
-3.7 pts
Free cash flow
-$3.9M
Share count
+48.4%
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
79/ 100
This week
2
Normal week
0.5
vs normal
3.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+74.7%
Institutions added 74.7% to their holdings. 38 bought, 29 sold. 2 quarters of net buying in a row.
Shares held by institutions4.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+100.4%
Cash runwayAt last year's cash burn
53 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
114M
Why high risk
Losing money
Share count growing 100.4% a year (dilution)
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
3 offering filings in 6 months (may sell new shares)
Late quarterly report notice
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Earnings reports
Last 1
Next reportNot enough history
Results filedJun 25
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days