The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-3.2%
MissDebt under half of equityNot relying on borrowed money.2.57x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-7.2%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$42.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-0.1% in 3 years
Revenue
$153.6M
+2.2% vs prior year
5-year growth
+5.8%/yr
revenue, per year
Total debt
$837.5M
2.57x equity
Free cash flow
$42.7M
27.8% of revenue
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 Mar 5, 2024
Revenue
$37.8M
-0.7% YoY
EPS
$0.03
vs -$0.06
Free cash flow
$13.8M
Share count
-0.1%
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
0.5
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. 1 bought, 0 sold.
Shares held by institutions6K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.5x · $806.4M debt
Shares outstandingLatest reported
36M
Why moderate risk
Losing money
High debt: 2.53x equity
Earnings reports
Last 7
Next reportDue any dayEstimated from the same quarter last year
Results filedMar 5, 2024
Results filedMar 6, 2023
Results filedMar 4, 2022
Results filedMar 11, 2021
Results filedMar 5, 2021
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.