The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-39.9%
MissDebt under half of equityNot relying on borrowed money.2.81x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-108.7%
MissProfitable every yearSteady profits, not one good year.2 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.7M
Revenue
$22.1M
+40.2% vs prior year
Total debt
$145.6M
2.81x equity
Free cash flow
-$1.7M
-7.7% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: 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
Revenue
$5.4M
+13.1% YoY
EPS
-$3.38
vs -$3.97
Op. margin
-90.5%
+26.8 pts
Free cash flow
-$553K
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
65/ 100
This week
2
Normal week
1.1
vs normal
1.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.9%
Institutions added 1.9% to their holdings. 6 bought, 4 sold. 4 quarters of net buying in a row.
Shares held by institutions188K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-40.7%
Cash runwayAt last year's cash burn
13 months
Debt to equityLatest balance sheet: debt compared with what owners have
3.4x · $148.5M debt
Shares outstandingLatest reported
3M
Why elevated risk
Losing money, losses are large next to sales
About 13 months of cash left at its current burn
High debt: 3.39x equity
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days