The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-118.0%
MissDebt under half of equityNot relying on borrowed money.10.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-24.6%
MissProfitable every yearSteady profits, not one good year.1 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$4.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.5% in 3 years
Revenue
$266.1M
-22.6% vs prior year
Total debt
$305.1M
10.01x equity
Current ratio
1.02x
short-term assets / bills due
Free cash flow
-$4.2M
-1.6% 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 5
Revenue
$30.2M
-61.3% YoY
EPS
-$1.54
vs -$2.23
Op. margin
-27.5%
-7.1 pts
Gross margin
80.4%
+44.7 pts
Free cash flow
-$2.0M
Share count
+4.4%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-27.7%
Institutions cut 27.7% from their holdings. 10 bought, 15 sold.
Shares held by institutions598K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.8%
Cash runwayAt last year's cash burn
117 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
91M
Why high risk
Losing money, losses are large next to sales
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 22.6% from the year before
2 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 12
Results filedMar 11
Results filedNov 5, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days