The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-150.2%
MissDebt under half of equityNot relying on borrowed money.17.47x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-39.2%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$5.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+2.5% in 3 years
Revenue
$374.4M
-16.7% vs prior year
5-year growth
-0.1%/yr
revenue, per year
Total debt
$429.7M
17.47x equity
Current ratio
2.10x
short-term assets / bills due
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 4
Revenue
$85.8M
-6.4% YoY
EPS
-$1.58
vs -$17.41
Op. margin
-13.1%
+118.6 pts
Free cash flow
-$9.0M
Share count
-0.1%
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-13.3%
Institutions cut 13.3% from their holdings. 4 bought, 9 sold.
Shares held by institutions92K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-4.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
24.5x · $399.3M debt
Shares outstandingLatest reported
4M
Why elevated risk
Losing money, losses are large next to sales
High debt: 24.48x equity
Revenue down 16.7% from the year before
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 14
Results filedMar 17
Results filedNov 4, 2025
Results filedAug 13, 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.