The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
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.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 6 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.7M
Revenue
$30.3M
-46.5% vs prior year
5-year growth
+5.1%/yr
revenue, per year
Total debt
$27.7M
Current ratio
0.08x
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%+, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 8, 2024
Revenue
$7.6M
-22.8% YoY
EPS
-$16.65
vs -$7.42
Op. margin
-385.0%
-177.8 pts
Gross margin
206.8%
-192.4 pts
Free cash flow
-$6.7M
Share count
-40.6%
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
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-19.4%
Institutions cut 19.4% from their holdings. 22 bought, 17 sold. 2 quarters of net selling in a row.
Shares held by institutions703K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-61.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
8M
Why high risk
Losing money, losses are large next to sales
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 46.5% from the year before
3 offering filings in 6 months (may sell new shares)
Late quarterly report notice
Late annual report notice
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedOct 8, 2024
Results filedAug 1, 2024
Results filedJul 1, 2024
Results filedApr 16, 2024
Results filedMar 5, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days