The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-93.2%
MissDebt under half of equityNot relying on borrowed money.1.63x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-292.6%
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$57.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+18.4% in 3 years
Revenue
$25.7M
-3.6% vs prior year
5-year growth
-3.6%/yr
revenue, per year
Total debt
$75.0M
1.63x equity
Current ratio
4.63x
short-term assets / bills due
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
Reported Jul 23
Revenue
$9.1M
+55.2% YoY
EPS
-$0.09
vs -$0.09
Op. margin
-197.6%
+113.4 pts
Gross margin
-0.5%
-9.8 pts
Free cash flow
-$14.3M
Share count
+0.7%
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
40/ 100
This week
1
Normal week
1.4
vs normal
0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.2%
Institutions added 4.2% to their holdings. 31 bought, 30 sold.
Shares held by institutions4.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.5%
Cash runwayAt last year's cash burn
12 months
Debt to equityLatest balance sheet: debt compared with what owners have
6.4x · $76.8M debt
Shares outstandingLatest reported
205M
Why high risk
Losing money, losses are large next to sales
About 12 months of cash left at its current burn
High debt: 6.44x equity
1 offering filing in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedJul 23
Results filedMay 5
Results filedFeb 10
Results filedNov 4, 2025
Results filedJul 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days