The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.4%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$35.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-0.6% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.43.2%
Revenue
$276.2M
-4.9% vs prior year
5-year growth
+7.2%/yr
revenue, per year
Total debt
None
Current ratio
4.22x
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 4
Revenue
$62.2M
+6.9% YoY
EPS
$1.39
vs $0.24
Op. margin
27.4%
+20.7 pts
Gross margin
70.4%
+27.1 pts
Free cash flow
$6.8M
Share count
0.0%
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
4.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.6%
Institutions added 3.6% to their holdings. 40 bought, 22 sold. 2 quarters of net buying in a row.
Shares held by institutions2.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
10M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 5
Results filedMar 3
Results filedNov 4, 2025
Results filedAug 5, 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.
Latest filings
Straight from SEC EDGAR
OtherFrederick P Jr StrattonDirector
14,060 shares
+14% of holdings
Now owns 112,857 shares
Held Held in Frederick P. Stratton Jr. Survivor Trust of which Fred is Trustee