The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/3Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-16.2%
MissDebt under half of equityNot relying on borrowed money.1.54x equity
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$16.0M
Total debt
$205.4M
1.54x equity
Current ratio
1.94x
short-term assets / bills due
Free cash flow
-$16.0M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, profitable every year, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
Revenue
$33.6M
-0.6% YoY
EPS
-$0.14
vs $24.62
Op. margin
-6.0%
-35.9 pts
Gross margin
37.2%
-3.3 pts
Share count
+23858.6%
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
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. 2 bought, 0 sold.
Shares held by institutions293K
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
8 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $215.0M debt
Shares outstandingLatest reported
46M
Why elevated risk
Losing money, losses are large next to sales
About 8 months of cash left at its current burn
Auditor change
Earnings reports
Last 6
Next reportIn 0 days (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedAug 5
Results filedMay 15
Results filedMar 5
Results filedOct 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days