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.-79.8%
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.-$34.6M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.-0.9%
Revenue
$99.7M
+110.5% vs prior year
5-year growth
-11.9%/yr
revenue, per year
Total debt
$9.9M
Current ratio
1.43x
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%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$26.2M
+30.8% YoY
EPS
-$1.69
vs -$1.18
Op. margin
-52.5%
+5.0 pts
Gross margin
-8.5%
+11.1 pts
Free cash flow
$8.0M
Share count
+22.5%
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
83/ 100
This week
6
Normal week
1.3
vs normal
4.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-10.1%
Institutions cut 10.1% from their holdings. 16 bought, 19 sold. 2 quarters of net selling in a row.
Shares held by institutions1.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.7%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
16M
Why high risk
Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 11.7% a year (dilution)
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
3 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 5
Results filedMar 5
Results filedNov 12, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days