The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-36.3%
MissDebt under half of equityNot relying on borrowed money.7.21x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-31.5%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$6.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-0.4% in 3 years
Revenue
$250.0M
-10.0% vs prior year
5-year growth
-4.0%/yr
revenue, per year
Total debt
$1.3B
7.21x equity
Free cash flow
-$6.1M
-2.4% 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
Revenue
$56.0M
-14.4% YoY
EPS
-$0.27
vs -$0.15
Free cash flow
$190K
Share count
0.0%
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
■Steady-32.2%
Institutions cut 32.2% from their holdings. 4 bought, 4 sold.
Shares held by institutions63K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.1%
Cash runwayAt last year's cash burn
53 months
Debt to equityLatest balance sheet: debt compared with what owners have
9.8x · $1.2B debt
Shares outstandingLatest reported
149M
Why moderate risk
Losing money, losses are large next to sales
High debt: 9.82x equity
Earnings reports
Last 0
Next reportNot enough history
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.