The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-10.1%
MissProfitable every yearSteady profits, not one good year.0 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$91.2M
PassShare count not growingNot diluting owners. Falling means buybacks.-5.7% in 3 years
Revenue
$1.5B
-2.8% vs prior year
5-year growth
+24.3%/yr
revenue, per year
Total debt
$273.4M
Current ratio
0.24x
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%+, 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
$386.4M
+8.6% YoY
EPS
-$0.63
vs -$6.23
Op. margin
10.7%
+20.3 pts
Free cash flow
-$61.9M
Share count
+2.9%
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
▲Accumulating+33.4%
Institutions added 33.4% to their holdings. 11 bought, 9 sold.
Shares held by institutions289K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-78.1%
Cash runwayAt last year's cash burn
3 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
3M
Why high risk
Losing money
About 3 months of cash left at its current burn
Debt above equity: 1.64x
Bills due within a year exceed short-term assets
2 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)