The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-125.9%
MissDebt under half of equityNot relying on borrowed money.1.90x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-13.0%
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.-$1.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-4.3% in 3 years
Revenue
$208.8M
-18.0% vs prior year
5-year growth
-7.6%/yr
revenue, per year
Total debt
$34.6M
1.90x equity
Current ratio
1.04x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
Revenue
$48.4M
+8.4% YoY
EPS
-$0.20
vs -$0.30
Op. margin
-10.2%
+5.7 pts
Free cash flow
-$4.8M
Share count
+31.1%
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
■Steady-5.3%
Institutions cut 5.3% from their holdings. 12 bought, 12 sold.
Shares held by institutions4.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+32.7%
Cash runwayAt last year's cash burn
56 months
Debt to equityLatest balance sheet: debt compared with what owners have
3.9x · $31.9M debt
Shares outstandingLatest reported
32M
Why high risk
Losing money
Share count growing 32.7% a year (dilution)
High debt: 3.94x equity
Bills due within a year exceed short-term assets
Revenue down 18% from the year before
Earnings reports
Last 12
Next reportAround Nov 12 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 13
Results filedMar 9
Results filedNov 13, 2025
Results filedAug 19, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days