The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-73.7%
PassDebt under half of equityNot relying on borrowed money.0.35x equity
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$266.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+119.4% in 3 years
Total debt
$222.9M
0.35x equity
Current ratio
14.23x
short-term assets / bills due
Free cash flow
-$266.0M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
EPS
-$0.52
vs -$0.53
Free cash flow
-$77.6M
Share count
+49.4%
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
0/ 100
This week
0
Normal week
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.4%
Institutions added 4.4% to their holdings. 197 bought, 129 sold. 6 quarters of net buying in a row.
Shares held by institutions195.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+26.5%
Cash runwayAt last year's cash burn
8 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.4x · $223.5M debt
Shares outstandingLatest reported
174M
Why high risk
Losing money, losses are large next to sales
About 8 months of cash left at its current burn
Share count growing 26.5% a year (dilution)
Revenue down 65% from the year before
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 5
Results filedFeb 17
Results filedNov 3, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days