The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-31.2%
MissProfitable every yearSteady profits, not one good year.1 of 6 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$12.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+23.2% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.52.3%
Revenue
$260.6M
-2.8% vs prior year
5-year growth
+13.4%/yr
revenue, per year
Total debt
$225.5M
Current ratio
1.38x
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%+, debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$67.1M
+3.3% YoY
EPS
-$0.03
vs -$0.17
Op. margin
18.0%
+1.1 pts
Gross margin
54.0%
+2.9 pts
Free cash flow
$4.9M
Share count
+3.4%
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.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.5x · $209.7M debt
Shares outstandingLatest reported
309M
Why elevated risk
Losing money, losses are large next to sales
High debt: 2.49x equity
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedApr 27
Results filedMar 12
Results filedNov 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days