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.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.2 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$25.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+222.1% in 3 years
Revenue
$21.6M
-21.3% vs prior year
Free cash flow
-$25.9M
-120.0% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Mar 28, 2024
Revenue
$5.2M
-5.2% YoY
EPS
-$1.42
vs -$17.90
Op. margin
-432.7%
+90.1 pts
Free cash flow
-$2.2M
Share count
+1012.7%
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
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Newly held
Institutions held almost none of it the quarter before (new listing, spin-off or ticker change), so there's no fair percent change yet. 18 bought, 0 sold.
Shares held by institutions1.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+43.6%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
20M
Why high risk
Losing money, losses are large next to sales
About 1 month of cash left at its current burn
Share count growing 43.6% a year (dilution)
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 21.3% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Auditor change
Earnings reports
Last 4
Next reportDue any dayEstimated from the same quarter last year
Results filedMar 28, 2024
Results filedNov 14, 2023
Results filedAug 11, 2023
Results filedMay 16, 2023
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days