The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.4.2%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.1%
MissProfitable every yearSteady profits, not one good year.4 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$26.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+27.3% in 3 years
Revenue
$174.7M
-5.3% vs prior year
5-year growth
+1.5%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
2.34x
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 Aug 6
Revenue
$42.4M
-5.4% YoY
EPS
$0.02
vs $0.01
Op. margin
5.5%
+1.3 pts
Gross margin
94.1%
-0.8 pts
Free cash flow
$3.5M
Share count
+3.3%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-93.2%
Institutions cut 93.2% from their holdings. 2 bought, 112 sold. 3 quarters of net selling in a row.
Shares held by institutions2.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+6.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
112M
Why moderate risk
Share count growing 6% a year
Auditor change
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 11
Results filedApr 17
Results filedMar 12
Results filedNov 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days