The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
PassReturn on equity 15%+Earns a lot on the money owners have in the business.15.7%
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.8.5%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$180K
MissShare count not growingNot diluting owners. Falling means buybacks.+36.3% in 3 years
Revenue
$116.6M
+10.2% vs prior year
5-year growth
+41.0%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
6.28x
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 7
Revenue
$29.1M
-2.1% YoY
EPS
-$0.12
vs -$0.03
Op. margin
-49.3%
-41.8 pts
Gross margin
92.4%
+6.2 pts
Free cash flow
-$17.0M
Share count
+12.8%
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
54/ 100
This week
1
Normal week
0.8
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+154.3%
Institutions added 154.3% to their holdings. 43 bought, 16 sold. 3 quarters of net buying in a row.
Shares held by institutions8.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+43.3%
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
112M
Why moderate risk
Share count growing 43.3% a year (dilution)
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 7
Results filedMar 12
Results filedNov 7, 2025
Results filedAug 11, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days