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.-20.2%
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.-68.1%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.7M
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$6.3M
-41.5% vs prior year
5-year growth
-3.3%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
14.75x
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 Feb 16, 2016
Revenue
$1.1M
-37.1% YoY
EPS
-$0.03
vs -$0.05
Op. margin
-65.1%
+13.0 pts
Gross margin
49.3%
+48.6 pts
Free cash flow
-$854K
Share count
0.0%
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
0.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.3%
Institutions cut 2.3% from their holdings. 3 bought, 5 sold. 2 quarters of net selling in a row.
Shares held by institutions873K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+81.6%
Cash runwayAt last year's cash burn
17 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
21M
Why elevated risk
Losing money, losses are large next to sales
About 17 months of cash left at its current burn
Share count growing 81.6% a year (dilution)
Revenue down 41.5% from the year before
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedFeb 16, 2016
Results filedNov 17, 2015
Results filedAug 14, 2015
Results filedJul 14, 2015
Results filedFeb 17, 2015
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.