The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-1.4%
PassDebt under half of equityNot relying on borrowed money.0.21x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-2.5%
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.-$2.2M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.60.5%
Revenue
$37.2M
-6.5% vs prior year
5-year growth
+6.4%/yr
revenue, per year
Total debt
$14.0M
0.21x equity
Current ratio
2.70x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 15, 2008
Revenue
$10.0M
-1.6% YoY
EPS
-$0.40
vs -$0.09
Op. margin
-13.5%
-17.4 pts
Gross margin
57.5%
-3.5 pts
Free cash flow
$1.9M
Share count
+0.3%
vs a year ago
Insider rating
Last 90 days
91Strong buying
5 insiders bought $75K
Cluster buy: 5 insiders within 12 days
Top executive buying (Chief Financial Officer)
Michael Jordan Osborn grew their stake 50%
New position opened
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
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-3.1%
Institutions cut 3.1% from their holdings. 11 bought, 9 sold. 3 quarters of net selling in a row.
Shares held by institutions549K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.1%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $14.5M debt
Shares outstandingLatest reported
5M
Why elevated risk
Losing money
About 4 months of cash left at its current burn
Earnings reports
Last 6
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 15, 2008
Results filedMay 21, 2008
Results filedMar 14, 2006
Results filedApr 7, 2005
Results filedDec 2, 2004
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.