The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.6%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.9%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$96.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-10.6% in 3 years
Revenue
$189.1M
-20.5% vs prior year
5-year growth
+26.5%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
0.74x
short-term assets / bills due
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
Revenue
$42.5M
+1.2% YoY
EPS
$2.75
vs $1.33
Gross margin
96.7%
-0.4 pts
Free cash flow
$14.7M
Share count
-2.2%
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.
Institutional ownership
■Steady0.0%
Institutions added 0.0% to their holdings. 60 bought, 33 sold.
Shares held by institutions581K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-4.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
2M
Why elevated risk
Revenue down 20.5% from the year before
Late quarterly report notice
Late annual report notice
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days