The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-41.1%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-18.2%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$22.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+167.8% in 3 years
Revenue
$123.1M
+487.0% vs prior year
Total debt
None
0.00x equity
Free cash flow
$22.7M
18.5% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Mar 31
Revenue
$16.8M
-56.9% YoY
EPS
-$0.24
vs $1.12
Op. margin
-6.8%
+31.4 pts
Free cash flow
-$9.9M
Share count
+63.5%
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.
Institutional ownership
▲Accumulating+29.9%
Institutions added 29.9% to their holdings. 18 bought, 12 sold. 2 quarters of net buying in a row.
Shares held by institutions2.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+65.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
24M
Why elevated risk
Losing money
Share count growing 65.5% a year (dilution)
Auditor change
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedMar 31
Results filedMar 28, 2025
Results filedNov 15, 2012
Results filedAug 13, 2012
Results filedMay 15, 2012
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days