The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.2.1%
MissDebt under half of equityNot relying on borrowed money.0.92x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.1%
MissProfitable every yearSteady profits, not one good year.4 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$13.6M
PassShare count not growingNot diluting owners. Falling means buybacks.-17.6% in 3 years
Revenue
$39.0M
-24.3% vs prior year
5-year growth
+12.4%/yr
revenue, per year
Total debt
$87.9M
0.92x equity
Current ratio
4.45x
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 Dec 31, 2022
Revenue
$18.4M
+126.8% YoY
EPS
$0.53
vs -$0.60
Op. margin
44.0%
+100.1 pts
Free cash flow
$5.1M
Some values are worked out from year-to-date totals in the annual report.
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
0.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.4%
Institutions added 16.4% to their holdings. 5 bought, 4 sold. 2 quarters of net buying in a row.
Shares held by institutions243K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-6.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $87.9M debt
Shares outstandingLatest reported
10M
Why moderate risk
Revenue down 24.3% from the year before
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days