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.5.9%
PassDebt under half of equityNot relying on borrowed money.0.05x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.4%
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.$9.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+24.5% in 3 years
Revenue
$94.2M
+12.3% vs prior year
5-year growth
+11.4%/yr
revenue, per year
Total debt
$4.1M
0.05x equity
Free cash flow
$9.7M
10.3% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Nov 13, 2023
Revenue
$31.2M
+109.6% YoY
EPS
-$0.01
vs -$0.12
Op. margin
-1.5%
+37.7 pts
Free cash flow
-$2.7M
Share count
+1.4%
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
1.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-9.4%
Institutions cut 9.4% from their holdings. 24 bought, 40 sold. 3 quarters of net selling in a row.
Shares held by institutions2.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $4.1M debt
Shares outstandingLatest reported
41M
Earnings reports
Last 3
Next reportDue any dayEstimated from the same quarter last year
Results filedNov 13, 2023
Results filedMay 25, 2022
Results filedApr 4, 2022
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days