The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-7.8%
MissDebt under half of equityNot relying on borrowed money.1.89x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-3.1%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.6M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.43.0%
Revenue
$48.0M
+31.4% vs prior year
Total debt
$29.2M
1.89x equity
Current ratio
0.90x
short-term assets / bills due
Free cash flow
-$1.6M
-3.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2025
Revenue
$13.2M
+30.4% YoY
EPS
$0.12
vs -$0.06
Op. margin
1.1%
+17.7 pts
Gross margin
41.6%
-4.4 pts
Free cash flow
-$4.6M
Share count
+18.6%
vs a year ago
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Cash runwayAt last year's cash burn
86 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.9x · $29.2M debt
Shares outstandingLatest reported
45M
Why elevated risk
Losing money
Debt above equity: 1.89x
Bills due within a year exceed short-term assets
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days