The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
PassDebt under half of equityNot relying on borrowed money.0.36x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-302.2%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$36.2M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.-45.0%
Revenue
$21.2M
+201.1% vs prior year
5-year growth
+72.4%/yr
revenue, per year
Total debt
$15.4M
0.36x equity
Current ratio
1.54x
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%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
Revenue
$3.6M
+374.9% YoY
EPS
-$1.86
vs -$1.38
Op. margin
-545.2%
+658.1 pts
Gross margin
-209.8%
-28.6 pts
Free cash flow
-$24.2M
Share count
+16.3%
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
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+129.5%
Institutions added 129.5% to their holdings. 19 bought, 22 sold. 2 quarters of net buying in a row.
Shares held by institutions480K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+82.8%
Cash runwayAt last year's cash burn
3 months
Debt to equityLatest balance sheet: debt compared with what owners have
5.0x · $35.9M debt
Shares outstandingLatest reported
11M
Why high risk
Losing money, losses are large next to sales
About 3 months of cash left at its current burn
Share count growing 82.8% a year (dilution)
High debt: 5x equity
1 offering filing in 6 months (may sell new shares)
Auditor change
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 14
Results filedMar 31
Results filedNov 10, 2025
Results filedAug 15, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days