The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.92.6%
MissProfitable every yearSteady profits, not one good year.1 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$39.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+170.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.50.7%
Revenue
$134.8M
+7.1% vs prior year
5-year growth
+1.0%/yr
revenue, per year
Total debt
$97.6M
Current ratio
2.10x
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 10
Revenue
$22.2M
-50.7% YoY
EPS
$0.00
vs $2.28
Op. margin
10.3%
-26.2 pts
Gross margin
39.1%
-17.4 pts
Free cash flow
$90K
Share count
-0.3%
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
0
Normal week
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-24.8%
Institutions cut 24.8% from their holdings. 27 bought, 36 sold. 3 quarters of net selling in a row.
Shares held by institutions2.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+26.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have