The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.4.3%
PassDebt under half of equityNot relying on borrowed money.0.34x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.16.0%
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.$4.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.0% in 3 years
Revenue
$12.7M
+1.4% vs prior year
5-year growth
+6.7%/yr
revenue, per year
Total debt
$15.8M
0.34x equity
Free cash flow
$4.5M
35.2% of revenue
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
Reported Aug 7
Revenue
$3.2M
+0.6% YoY
EPS
$0.07
vs $0.06
Op. margin
21.6%
-4.3 pts
Free cash flow
$1.2M
Share count
+0.4%
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
▲Accumulating+6.7%
Institutions added 6.7% to their holdings. 25 bought, 18 sold. 2 quarters of net buying in a row.
Shares held by institutions3.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $15.5M debt
Shares outstandingLatest reported
11M
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 8
Results filedMar 25
Results filedNov 7, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
BoughtMark Campbell WinmillPresident and CEO, Director