The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.8%
PassDebt under half of equityNot relying on borrowed money.0.14x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.59.0%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$4.9M
PassShare count not growingNot diluting owners. Falling means buybacks.-0.5% in 3 years
Revenue
$8.7M
-10.6% vs prior year
5-year growth
+4.3%/yr
revenue, per year
Total debt
$6.0M
0.14x equity
Free cash flow
$4.9M
56.9% 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 Sep 30, 2026
Revenue
$2.1M
+0.9% YoY
EPS
$0.11
vs $0.11
Op. margin
60.1%
+1.3 pts
Free cash flow
$1.3M
Share count
-0.2%
vs a year ago
Insider rating
Last 90 days
65Buying
1 insider bought $35K
Top executive buying (President and CEO)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
80/ 100
This week
2
Normal week
0.5
vs normal
4.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-8.5%
Institutions cut 8.5% from their holdings. 18 bought, 28 sold. 2 quarters of net selling in a row.
Shares held by institutions2.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $6.0M debt
Shares outstandingLatest reported
11M
Why low risk
Revenue down 10.6% from the year before
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.