← BackSaker Aviation Services, Inc. · Airports, Flying Fields & Airport Terminal ServicesSKAS
Moderate riskNext report: Due any day
The short versionA company still losing money with shrinking sales. Insiders are buying.
Watch out for
- Losing money, losses are large next to sales
- Revenue down 86.2% from the year before
Money moves
- An insider bought $70K of shares with their own money in the last 30 days
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sep '23Tap a barJun '26
Last 12 months: $35K, down 99% from the 12 months before. Over 5 years, sales shrank about 18% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-11.8%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-86.1%
- MissProfitable every yearSteady profits, not one good year.8 of 10 years
- MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$610K
- MissShare count not growingNot diluting owners. Falling means buybacks.+1.1% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.40.8%
- Revenue
- $1.3M
- -86.2% vs prior year
- 5-year growth
- -18.4%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 27.58x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $15K
- EPS
- -$0.02
- vs -$0.26
- Op. margin
- -657.4%
- Gross margin
- -79.2%
- Free cash flow
- -$258K
- Share count
- +0.2%
- vs a year ago
Insider rating
Last 90 days
58Mixed
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
67/ 100
- This week
- 1
- Normal week
- 0.5
- vs normal
- 2.0x
SEC filings of any kind. 50 means a normal week.
Share count growthYearly rate, last 3 years
+1.2%Cash runwayAt last year's cash burn
84 monthsDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
1MWhy moderate risk- Losing money, losses are large next to sales
- Revenue down 86.2% from the year before
Next reportDue any dayEstimated from the same quarter last year
- Results filedMar 27, 2012
- Results filedNov 20, 2008
- Results filedAug 14, 2008
- Results filedMay 14, 2008
- Results filedMar 31, 2008
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 Bought$70K1 insider
Sold$00 insiders
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Howard Timothy Eriksen10% owner | Buy | 13K | $5.52 | $70K | 186K | |
- +7.3% of their holdings
- Held See footnote
- Filed jointly with 2 others
- Filed 1 day after
|
"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
BoughtHoward Timothy Eriksen10% owner
12,700 shares at $5.52 · $70K
- +7% of holdings
- Now owns 185,503 shares
- Held See footnote
- Filed 1 day after trade
- Joint filing with 2 others
BoughtHoward Timothy Eriksen10% owner
5,500 shares at $5.84 · $32K
- +3% of holdings
- Now owns 172,801 shares
- Held See footnote
- Filed 3 days after trade
- Joint filing with 2 others
Option exerciseWilliam B WachtelPresident and CEO, Director, 10% owner
13,332 shares at $3.01 avg ($2.58 to $3.45) · $40K
- +5% of holdings
- Now owns 271,028 shares
- Exercise price $2.58
- 4 transactions
- Filed 2 days after trade
- Also: Stock award
BoughtWilliam B WachtelPresident and CEO, Director, 10% owner
108,817 shares at $8.63 · $939K
- +73% of holdings
- Now owns 257,696 shares
- Exercise price $8.13
- Filed 2 days after trade