The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-1.0%
PassDebt under half of equityNot relying on borrowed money.0.14x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-6.1%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$26.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-5.6% in 3 years
Revenue
$41.5M
-7.8% vs prior year
5-year growth
+2.5%/yr
revenue, per year
Total debt
$33.0M
0.14x equity
Free cash flow
$26.8M
64.6% 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 Dec 31, 2025
Reported Nov 6, 2025
Revenue
$8.7M
-29.7% YoY
EPS
-$1.59
vs $0.48
Op. margin
9.9%
-34.8 pts
Free cash flow
$10.3M
Share count
-1.3%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
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
0.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-90.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $33.0M debt
Shares outstandingLatest reported
12M
Why elevated risk
Losing money
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedNov 6, 2025
Results filedAug 14, 2025
Results filedMay 15, 2025
Results filedMar 20, 2025
Results filedNov 14, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days