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.-30.8%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$8.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+13.7% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.17.8%
Revenue
$127.5M
-16.1% vs prior year
Current ratio
1.06x
short-term assets / bills due
Free cash flow
-$8.5M
-6.6% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Sep 17
Revenue
$26.7M
+32.5% YoY
EPS
-$0.24
vs -$0.26
Op. margin
-50.7%
+22.0 pts
Gross margin
6.3%
-6.0 pts
Free cash flow
$2.6M
Some values are worked out from year-to-date totals in the annual report.
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
▼Distributing-12.7%
Institutions cut 12.7% from their holdings. 30 bought, 40 sold. 2 quarters of net selling in a row.
Shares held by institutions4.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.7%
Cash runwayAt last year's cash burn
407 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
58M
Why elevated risk
Losing money, losses are large next to sales
Owes more than it owns (negative equity)
Revenue down 24.7% from the year before
Earnings reports
Last 10
Next reportAround Dec 17 (est.)Estimated from the same quarter last year
Results filedSep 17
Results filedMay 12, 2025
Results filedFeb 10, 2025
Results filedNov 12, 2024
Results filedSep 26, 2024
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.