The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-5.3%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$4.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+2.0% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.49.7%
Revenue
$35.2M
-4.5% vs prior year
5-year growth
+0.8%/yr
revenue, per year
Total debt
$42.7M
Current ratio
1.26x
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 14
Revenue
$9.1M
-0.1% YoY
EPS
-$0.68
vs -$0.12
Op. margin
2.8%
-5.5 pts
Gross margin
46.6%
-3.9 pts
Free cash flow
$1.0M
Share count
+176.9%
vs a year ago
Insider rating
Last 90 days
70Buying
1 insider bought $230K
JCP Investment Management, LLC grew their stake 24.7%
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.4
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
+51.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
41M
Why elevated risk
Losing money
Share count growing 51.4% a year (dilution)
Debt above equity: 1.07x
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Dec 18 (est.)Estimated from the same quarter last year
Results filedAug 14
Results filedMay 8
Results filedFeb 13
Results filedDec 19, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days