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.1.6%
PassDebt under half of equityNot relying on borrowed money.0.25x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.28.1%
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.-$2.9M
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$49.1M
+4.2% vs prior year
5-year growth
-3.0%/yr
revenue, per year
Total debt
$210.8M
0.25x equity
Free cash flow
-$2.9M
-5.9% 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 6
Revenue
$12.9M
+5.8% YoY
EPS
-$0.13
vs $0.02
Op. margin
-18.2%
-11.4 pts
Free cash flow
-$2.4M
Share count
0.0%
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
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+11.0%
Institutions added 11.0% to their holdings. 20 bought, 17 sold.
Shares held by institutions333K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.5%
Cash runwayAt last year's cash burn
45 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $214.5M debt
Shares outstandingLatest reported
9M
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 12
Results filedNov 6, 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.