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.-2.5%
MissDebt under half of equityNot relying on borrowed money.2.69x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-3.6%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$267.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-3.1% in 3 years
Revenue
$733.0M
-18.9% vs prior year
5-year growth
+9.2%/yr
revenue, per year
Total debt
$2.6B
2.69x equity
Current ratio
0.36x
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 Jun 30, 2013
Revenue
$66.0M
-21.1% YoY
EPS
$0.27
vs $0.74
Op. margin
39.2%
-40.2 pts
Free cash flow
$28.2M
Share count
+28.7%
vs a year ago
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.1%
Institutions added 16.1% to their holdings. 131 bought, 82 sold. 3 quarters of net buying in a row.
Shares held by institutions58.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.3x · $2.4B debt
Shares outstandingLatest reported
145M
Why elevated risk
Losing money
High debt: 2.3x equity
Bills due within a year exceed short-term assets
Revenue down 18.9% from the year before
Earnings reports
Last 0
Next reportNot enough history
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.