The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
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.-11.0%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$41.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+32.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.40.2%
Revenue
$468.7M
-3.9% vs prior year
5-year growth
-6.3%/yr
revenue, per year
Total debt
$126.7M
Current ratio
1.35x
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
$98.3M
-6.5% YoY
EPS
-$0.74
vs -$4.01
Op. margin
-4.3%
+9.2 pts
Gross margin
45.2%
+4.7 pts
Free cash flow
-$1.3M
Share count
+0.7%
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.7%
Institutions cut 2.7% from their holdings. 17 bought, 28 sold. 7 quarters of net selling in a row.
Shares held by institutions62.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.8%
Cash runwayAt last year's cash burn
8 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
16M
Why high risk
Losing money
About 8 months of cash left at its current burn
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedApr 28
Results filedMar 31
Results filedNov 4, 2025
Results filedJul 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days