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.-128.2%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-95.4%
MissProfitable every yearSteady profits, not one good year.4 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.2% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.49.7%
Revenue
$15.1M
-19.6% vs prior year
5-year growth
-0.8%/yr
revenue, per year
Current ratio
1.02x
short-term assets / bills due
Free cash flow
-$1.8M
-11.9% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 30
Revenue
$3.0M
-24.9% YoY
EPS
-$0.16
vs -$0.10
Op. margin
-39.4%
-22.6 pts
Gross margin
46.4%
-3.5 pts
Free cash flow
$45K
Share count
+3.9%
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
1
Normal week
1.3
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-6.9%
Institutions cut 6.9% from their holdings. 8 bought, 9 sold.
Shares held by institutions452K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+4.2%
Cash runwayAt last year's cash burn
15 months
Debt to equityLatest balance sheet: debt compared with what owners have
Total liabilities $10.0M
Shares outstandingLatest reported
8M
Why high risk
Losing money, losses are large next to sales
About 15 months of cash left at its current burn
Bills due within a year exceed short-term assets
Revenue down 19.6% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedJul 30
Results filedMay 5
Results filedFeb 23
Results filedOct 22, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days