The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-27.0%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissProfitable every yearSteady profits, not one good year.0 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$70.3M
Total debt
None
0.00x equity
Current ratio
28.66x
short-term assets / bills due
Free cash flow
-$70.3M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
EPS
-$0.49
vs -$0.49
Free cash flow
-$18.6M
Share count
+27.0%
vs a year ago
Insider rating
Last 90 days
23Selling
1 insider sold $607K (not pre-planned)
An insider sold their entire stake
Pre-planned sales of $424K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
60/ 100
This week
2
Normal week
1.3
vs normal
1.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+26.0%
Institutions added 26.0% to their holdings. 146 bought, 66 sold. 3 quarters of net buying in a row.
Shares held by institutions80.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+21.3%
Cash runwayAt last year's cash burn
23 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
73M
Why high risk
Losing money, losses are large next to sales
About 23 months of cash left at its current burn
Share count growing 21.3% a year (dilution)
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 7
Results filedMar 3
Results filedNov 12, 2025
Results filedAug 13, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days