The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-81.7%
MissDebt under half of equityNot relying on borrowed money.2.07x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-68.4%
MissProfitable every yearSteady profits, not one good year.1 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$11.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.4% in 3 years
Revenue
$95.4M
-20.7% vs prior year
Total debt
$128.4M
2.07x equity
Current ratio
1.03x
short-term assets / bills due
Free cash flow
-$11.4M
-12.0% of revenue
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 Aug 10
Revenue
$19.6M
-15.8% YoY
EPS
-$1.06
vs -$1.00
Op. margin
-123.0%
-91.1 pts
Free cash flow
-$3.8M
Share count
+96.1%
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
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.8%
Cash runwayAt last year's cash burn
19 months
Debt to equityLatest balance sheet: debt compared with what owners have
435.2x · $119.2M debt
Shares outstandingLatest reported
121M
Why high risk
Losing money, losses are large next to sales
About 19 months of cash left at its current burn
High debt: 435.21x equity
Bills due within a year exceed short-term assets
Revenue down 20.7% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Earnings reports
Last 12
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 7
Results filedMar 19
Results filedAug 7, 2025
Results filedMay 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days