The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.7%
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$19.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-0.2% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.30.4%
Revenue
$158.3M
+8.5% vs prior year
5-year growth
+6.7%/yr
revenue, per year
Current ratio
5.87x
short-term assets / bills due
Free cash flow
$19.1M
12.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$43.6M
+8.0% YoY
EPS
$0.59
vs $0.44
Op. margin
20.5%
+4.8 pts
Gross margin
35.6%
+3.7 pts
Free cash flow
$6.1M
Share count
+0.1%
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
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+2.0%
Institutions added 2.0% to their holdings. 18 bought, 18 sold.
Shares held by institutions804K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.1%
Cash runwayAt last year's cash burn
Cash flow positive
Shares outstandingLatest reported
12M
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 5
Results filedMar 4
Results filedNov 5, 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.
Latest filings
Straight from SEC EDGAR
SoldAnn ManixDirector
1,500 shares at $29.60 avg ($29.41 to $29.74) · $44K