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.7.8%
MissDebt under half of equityNot relying on borrowed money.1.03x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.4%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$17.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+16.1% in 3 years
Revenue
$158.1M
-5.6% vs prior year
5-year growth
+19.2%/yr
revenue, per year
Total debt
$290.2M
1.03x equity
Current ratio
0.85x
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, 2018
Revenue
$24.6M
+10.5% YoY
EPS
-$133.91
vs -$18.90
Op. margin
13.0%
-8.6 pts
Gross margin
109.5%
+0.7 pts
Free cash flow
-$22.0M
Share count
0.0%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
43Mixed
1 insider sold $50K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
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
▼Distributing-3.7%
Institutions cut 3.7% from their holdings. 36 bought, 38 sold.
Shares held by institutions5.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+36.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.0x · $290.2M debt
Shares outstandingLatest reported
68M
Why moderate risk
Share count growing 36.8% a year (dilution)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days