The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
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.-10.7%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$15.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-4.3% in 3 years
Revenue
$573.0M
-0.5% vs prior year
5-year growth
+13.5%/yr
revenue, per year
Total debt
$328.9M
Current ratio
1.30x
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%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 7
Revenue
$152.0M
+0.8% YoY
EPS
-$0.39
vs -$0.40
Op. margin
11.3%
+0.3 pts
Free cash flow
$5.4M
Share count
-7.8%
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+2.9%
Institutions added 2.9% to their holdings. 14 bought, 18 sold.
Shares held by institutions15.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
28M
Why high risk
Losing money
Owes more than it owns (negative equity)
1 offering filing in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Auditor change
Past financials no longer reliable
Late quarterly report notice
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 8
Results filedMar 13
Results filedNov 10, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days