The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-62.4%
MissDebt under half of equityNot relying on borrowed money.0.84x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-113.6%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$22.2M
Revenue
$53.6M
+7.6% vs prior year
Total debt
$76.3M
0.84x equity
Free cash flow
-$22.2M
-41.4% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 11
Revenue
$8.7M
-48.9% YoY
EPS
-$0.37
vs -$0.14
Free cash flow
-$7.1M
Share count
+64.8%
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
1.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-8.6%
Institutions cut 8.6% from their holdings. 12 bought, 14 sold. 2 quarters of net selling in a row.
Shares held by institutions2.5M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
0 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.6x · $98.1M debt
Shares outstandingLatest reported
11M
Why elevated risk
Losing money, losses are large next to sales
Less than a month of cash left at its current burn
Debt above equity: 1.61x
Auditor change
Earnings reports
Last 4
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
Results filedAug 11
Results filedMay 14
Results filedMar 19
Results filedNov 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days