The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-10.0%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-23.9%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$40.1M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.1% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.30.4%
Revenue
$158.3M
+8.5% vs prior year
5-year growth
+6.7%/yr
revenue, per year
Current ratio
7.77x
short-term assets / bills due
Free cash flow
-$40.1M
-25.4% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$43.6M
+8.0% YoY
EPS
$0.18
vs $0.01
Op. margin
14.1%
+7.2 pts
Gross margin
35.6%
+3.7 pts
Free cash flow
$9.8M
Share count
+0.1%
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.3%
Institutions added 3.3% to their holdings. 48 bought, 25 sold. 2 quarters of net buying in a row.
Shares held by institutions5.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
35 months
Shares outstandingLatest reported
49M
Why moderate risk
Losing money, losses are large next to sales
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedMar 9
Results filedNov 6, 2025
Results filedAug 6, 2025
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.