The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissDebt under half of equityNot relying on borrowed money.6.34x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-39.8%
MissProfitable every yearSteady profits, not one good year.3 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+63.4% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.33.0%
Revenue
$1.3B
+46.1% vs prior year
5-year growth
+11.1%/yr
revenue, per year
Total debt
$605.1M
6.34x equity
Current ratio
1.10x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$284.6M
-17.1% YoY
EPS
-$0.44
vs -$0.15
Op. margin
-5.5%
-4.8 pts
Gross margin
33.6%
-1.5 pts
Free cash flow
$8.0M
Share count
+3.0%
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
0.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-7.2%
Institutions cut 7.2% from their holdings. 44 bought, 50 sold.
Shares held by institutions20.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
82.6x · $607.4M debt
Shares outstandingLatest reported
98M
Why high risk
Losing money, losses are large next to sales
High debt: 82.6x equity
Bills due within a year exceed short-term assets
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 5
Results filedNov 6, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days