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.0.0%
MissDebt under half of equityNot relying on borrowed money.1.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-0.1%
MissProfitable every yearSteady profits, not one good year.2 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$108.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+42.8% in 3 years
Revenue
$65.9M
-15.6% vs prior year
5-year growth
+108.9%/yr
revenue, per year
Total debt
$675.7M
1.00x equity
Current ratio
30.69x
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 Mar 8, 2016
Revenue
$25.1M
+496.1% YoY
EPS
-$0.13
vs -$0.10
Op. margin
-121.8%
+499.6 pts
Gross margin
57.4%
+44.2 pts
Free cash flow
-$26.1M
Share count
+13.4%
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
1.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+8.8%
Institutions added 8.8% to their holdings. 195 bought, 135 sold. 2 quarters of net buying in a row.
Shares held by institutions180.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+16.5%
Cash runwayAt last year's cash burn
8 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $677.7M debt
Shares outstandingLatest reported
250M
Why high risk
Losing money, losses are large next to sales
About 8 months of cash left at its current burn
Share count growing 16.5% a year (dilution)
Revenue down 15.6% from the year before
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 1
Next reportNot enough history
Results filedMar 8, 2016
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days