The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-91.1%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$18.0M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.47.6%
Revenue
$27.9M
-26.9% vs prior year
Total debt
$17.7M
Current ratio
0.37x
short-term assets / bills due
Free cash flow
-$18.0M
-64.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year, 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
$5.4M
-27.7% YoY
EPS
$0.01
vs -$6.64
Op. margin
-47.0%
+37.9 pts
Gross margin
56.4%
+13.8 pts
Free cash flow
-$2.0M
Share count
+2658.6%
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
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-100.0%
Institutions cut 100.0% from their holdings. 0 bought, 48 sold.
Shares held by institutions184
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
37M
Why high risk
Losing money, losses are large next to sales
About 1 month of cash left at its current burn
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 26.9% 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)
Earnings reports
Last 7
Next reportAround Nov 12 (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 14
Results filedMar 30
Results filedNov 13, 2025
Results filedAug 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days