The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissDebt under half of equityNot relying on borrowed money.0.71x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
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.-$7.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.0% in 3 years
Revenue
$4.9M
-40.2% vs prior year
5-year growth
-30.0%/yr
revenue, per year
Total debt
$12.7M
0.71x equity
Free cash flow
-$7.0M
-142.4% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. 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 15, 2025
Revenue
$1.1M
-15.1% YoY
EPS
-$0.40
vs -$1.66
Op. margin
-141.4%
-16.2 pts
Free cash flow
-$1.9M
Share count
+156.2%
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
70/ 100
This week
2
Normal week
0.9
vs normal
2.3x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-14.1%
Institutions cut 14.1% from their holdings. 6 bought, 3 sold.
Shares held by institutions753K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+49.6%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $12.1M debt
Shares outstandingLatest reported
7M
Why high risk
Losing money, losses are large next to sales
About 1 month of cash left at its current burn
Share count growing 49.6% a year (dilution)
Bills due within a year exceed short-term assets
Revenue down 40.2% from the year before
1 offering filing in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Late quarterly report notice
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 15, 2025
Results filedJul 24, 2024
Results filedApr 19, 2024
Results filedMar 7, 2024
Results filedAug 15, 2023
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days