The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-22.3%
MissDebt under half of equityNot relying on borrowed money.1.07x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-58.3%
MissProfitable every yearSteady profits, not one good year.1 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$11.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-1.6% in 3 years
Revenue
$110.1M
-2.8% vs prior year
Total debt
$268.7M
1.07x equity
Free cash flow
-$11.7M
-10.6% 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 7
Revenue
$19.4M
-54.0% YoY
EPS
$3.43
vs -$2.95
Free cash flow
-$2.8M
Share count
-9.2%
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
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.3%
Institutions cut 0.3% from their holdings. 27 bought, 31 sold. 5 quarters of net selling in a row.
Shares held by institutions8.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-3.2%
Cash runwayAt last year's cash burn
54 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $208.8M debt
Shares outstandingLatest reported
12M
Why moderate risk
Losing money, losses are large next to sales
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 8
Results filedFeb 17
Results filedNov 7, 2025
Results filedAug 7, 2025
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.