The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-32.3%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$52.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.8% in 3 years
Total debt
None
0.00x equity
Current ratio
13.33x
short-term assets / bills due
Free cash flow
-$52.0M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 27After close6:46 pm ET
Revenue
$234K
EPS
-$0.12
vs -$0.11
Gross margin
89.7%
Free cash flow
-$14.7M
Share count
+0.7%
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
81/ 100
This week
3
Normal week
0.7
vs normal
4.3x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-7.7%
Institutions cut 7.7% from their holdings. 59 bought, 29 sold.
Shares held by institutions50.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.6%
Cash runwayAt last year's cash burn
2 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
127M
Why high risk
Losing money, losses are large next to sales
About 2 months of cash left at its current burn
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Feb 25, 2027 (est.)Estimated from the same quarter last year
Results filedOct 27
Results filedJul 28
Results filedApr 28
Results filedFeb 26
Results filedOct 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days