The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
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.-210.7%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+82.5% in 3 years
Revenue
$34.2M
-22.3% vs prior year
5-year growth
+34.6%/yr
revenue, per year
Total debt
$15.2M
Current ratio
0.34x
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 17
Revenue
$9.5M
+8.6% YoY
EPS
-$0.05
vs -$0.15
Op. margin
-16.2%
+39.8 pts
Free cash flow
-$2.8M
Share count
+21.9%
vs a year ago
Insider rating
Last 90 days
72Buying
1 insider bought $408K
Phil E Mulacek grew their stake 10.2%
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
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
▼Distributing-28.3%
Institutions cut 28.3% from their holdings. 21 bought, 32 sold.
Shares held by institutions2.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+22.2%
Cash runwayAt last year's cash burn
10 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
42M
Why high risk
Losing money, losses are large next to sales
About 10 months of cash left at its current burn
Share count growing 22.2% a year (dilution)
Bills due within a year exceed short-term assets
Revenue down 21.6% from the year before
4 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 16 (est.)Estimated from the same quarter last year
Results filedAug 17
Results filedMay 15
Results filedMar 16
Results filedNov 17, 2025
Results filedAug 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days