The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
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.4.1%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$28.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-4.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.72.4%
Revenue
$480.1M
+5.7% vs prior year
5-year growth
+4.5%/yr
revenue, per year
Total debt
None
Current ratio
2.28x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$117.0M
+1.9% YoY
EPS
$0.19
vs $0.28
Op. margin
4.7%
+1.0 pts
Gross margin
73.7%
+2.0 pts
Free cash flow
-$1.9M
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
1
Normal week
0.6
vs normal
1.6x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.6%
Institutions added 3.6% to their holdings. 70 bought, 69 sold. 2 quarters of net buying in a row.
Shares held by institutions15.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.7%
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
18M
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 10
Results filedNov 6, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days