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.-78.0%
PassDebt under half of equityNot relying on borrowed money.0.21x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-61.8%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$20.8M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.38.6%
Revenue
$103.4M
-11.2% vs prior year
Total debt
$11.0M
0.21x equity
Current ratio
1.78x
short-term assets / bills due
Free cash flow
-$20.8M
-20.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 12
Revenue
$22.9M
-14.9% YoY
EPS
-$0.02
vs -$0.04
Gross margin
53.9%
+10.5 pts
Free cash flow
$179K
Share count
+3.1%
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
40/ 100
This week
1
Normal week
1.4
vs normal
0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.2%
Institutions cut 0.2% from their holdings. 0 bought, 1 sold.
Shares held by institutions8K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+14.6%
Cash runwayAt last year's cash burn
6 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $11.0M debt
Shares outstandingLatest reported
335M
Why high risk
Losing money, losses are large next to sales
About 6 months of cash left at its current burn
Share count growing 14.6% a year (dilution)
Revenue down 11.2% from the year before
Earnings reports
Last 12
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 12
Results filedMay 13
Results filedMar 25
Results filedNov 12, 2025
Results filedAug 13, 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.