$176.18M
Revenue
$74.61M
Net Income
47.14%
Gross Margin
-22.19%
Op. Margin
$-51.73M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $45.45M | $44.23M | $45.45M | $41.04M | $41.45M | $56.66M | $57.60M | $54.59M | $-7.33M | $56.16M | $57.02M | $62.82M | $60.36M | $60.46M |
| Revenue Growth % (YoY) | 9.6% | -21.9% | -21.1% | -24.8% | 665.3% | 0.9% | 1.0% | -13.1% | -112.1% | -7.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $23.74M | $22.91M | $24.08M | $22.40M | $21.96M | $31.28M | $32.41M | $32.82M | $-6.59M | $31.89M | $32.29M | $35.74M | $34.08M | $34.05M |
| Gross Profit | $21.71M | $21.32M | $21.38M | $18.64M | $19.49M | $25.39M | $25.19M | $21.77M | $-738.00K | $24.27M | $24.73M | $27.07M | $26.28M | $26.42M |
| Gross Margin % | 47.8% | 48.2% | 47.0% | 45.4% | 47.0% | 44.8% | 43.7% | 39.9% | 10.1% | 43.2% | 43.4% | 43.1% | 43.5% | 43.7% |
| Operating Expenses | $31.74M | $31.26M | $31.03M | $28.12M | $32.24M | $41.81M | $104.42M | $43.06M | $54.51M | $41.17M | $43.06M | $37.12M | $37.31M | $34.22M |
| Research & Development | $4.47M | $4.52M | $4.12M | $3.93M | $4.16M | $4.16M | $4.65M | $4.75M | $4.75M | $5.15M | $4.26M | $3.88M | $4.68M | $3.98M |
| Selling General & Admin | $27.28M | $26.73M | $26.91M | $24.19M | $28.08M | $37.65M | $35.96M | $38.30M | $195.00K | $36.02M | $38.80M | $33.24M | $32.63M | $30.23M |
| Operating Income | $-10.03M | $-9.93M | $-9.65M | $-9.48M | $-12.74M | $-16.43M | $-79.23M | $-21.28M | $-55.25M | $-16.91M | $-18.33M | $-10.04M | $-11.04M | $-7.80M |
| Operating Margin % | -22.1% | -22.5% | -21.2% | -23.1% | -30.7% | -29.0% | -137.6% | -39.0% | 753.5% | -30.1% | -32.1% | -16.0% | -18.3% | -12.9% |
| Interest Expense | $703.00K | $925.00K | $921.00K | $36.00K | $2.06M | $629.00K | $1.61M | $1.34M | $1.31M | $1.36M | $1.33M | $1.51M | $1.46M | $1.61M |
| Other Income/Expense | $-87.00K | $525.00K | $-2.94M | $-300.00K | $-5.41M | $-1.62M | $-1.12M | $1.34M | $5.41M | $-3.06M | $-704.00K | $4.00M | $1.85M | $1.67M |
| Income Before Tax | $-7.39M | $-6.53M | $-11.74M | $-8.79M | $-17.31M | $1.45M | $-77.61M | $-18.68M | $-48.61M | $-12.80M | $-17.72M | $-5.08M | $-7.96M | $-5.26M |
| Income Tax Expense | $1.13M | $165.00K | $274.00K | $234.00K | $-134.00K | $649.00K | $383.00K | $215.00K | $-1.25M | $471.00K | $635.00K | $492.00K | $1.48M | $57.00K |
| Net Income | $-11.64M | $-6.94M | $105.18M | $-11.98M | $-18.68M | $805.00K | $-77.99M | $-18.89M | $-62.39M | $-13.27M | $-18.36M | $-5.57M | $-9.44M | $-5.32M |
| Net Margin % | -25.6% | -15.7% | 231.4% | -29.2% | -45.1% | 1.4% | -135.4% | -34.6% | 850.8% | -23.6% | -32.2% | -8.9% | -15.6% | -8.8% |
| Basic EPS | nan | -0.18 | 2.05 | -0.28 | nan | -0.02 | -1.62 | -0.43 | nan | -0.31 | -0.42 | -0.16 | nan | -0.15 |
| Diluted EPS | nan | -0.18 | 2.05 | -0.28 | nan | -0.02 | -1.62 | -0.43 | nan | -0.31 | -0.42 | -0.16 | nan | -0.15 |
| Basic Shares Outstanding | - | 50.1M | 50.3M | 49.9M | - | 49.4M | 49.3M | 49.0M | - | 48.9M | 48.7M | 48.4M | - | 48.5M |
| Diluted Shares Outstanding | - | 50.1M | 50.3M | 49.9M | - | 49.4M | 49.3M | 49.0M | - | 48.9M | 48.7M | 48.4M | - | 48.5M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $250.49M | $255.81M | $243.42M | $36.10M | $34.14M | $44.66M | $46.46M | $49.66M | $35.19M | $59.47M | $67.31M | $38.54M | $29.23M | $30.72M |
| Short-term Investments | $160.71M | $165.50M | $182.56M | $207.93M | $216.46M | $228.00M | $380.68M | $398.88M | $410.41M | $406.39M | $437.36M | $484.08M | $486.73M | $498.80M |
| Accounts Receivable | $33.36M | $34.91M | $33.41M | $28.37M | $25.30M | $43.46M | $40.16M | $41.25M | $42.07M | $42.63M | $43.08M | $45.57M | $43.86M | $44.42M |
| Inventory | $23.19M | $23.33M | $23.04M | $23.34M | $21.48M | $23.55M | $23.61M | $25.02M | $26.21M | $29.10M | $28.82M | $26.49M | $27.68M | $24.54M |
| Other Current Assets | $8.42M | $5.29M | $7.07M | $7.44M | $7.94M | $10.66M | $11.07M | $10.89M | $10.08M | $11.55M | $8.62M | $9.96M | $9.32M | $10.64M |
| Total Current Assets | $476.17M | $484.84M | $489.49M | $411.28M | $341.57M | $350.34M | $501.99M | $525.70M | $535.11M | $549.14M | $585.19M | $604.63M | $604.18M | $609.12M |
| Property Plant & Equipment | $85.45M | $83.23M | $81.56M | $80.48M | $80.01M | $88.28M | $86.65M | $86.01M | $84.86M | $74.52M | $69.01M | $71.26M | $63.60M | $57.68M |
| Goodwill | $22.40M | $22.41M | $18.71M | $20.96M | $20.57M | $54.06M | $52.38M | $107.59M | $76.39M | $148.95M | $149.31M | $151.62M | $151.12M | $147.46M |
| Intangible Assets | $138.08M | $141.25M | $143.59M | $145.41M | $147.93M | $175.81M | $178.39M | $190.09M | $194.38M | $192.96M | $194.99M | $188.18M | $191.01M | $192.14M |
| Other Non-current Assets | - | - | - | - | - | - | - | - | - | - | - | - | $947.00K | - |
| Total Assets | $764.99M | $774.33M | $773.93M | $699.84M | $703.49M | $701.76M | $852.34M | $942.85M | $957.74M | $1.00B | $1.03B | $1.05B | $1.04B | $1.03B |
| Deferred Revenue | $943.00K | $1.45M | $1.68M | $1.77M | $1.06M | $1.09M | $1.32M | $1.78M | $1.31M | $1.58M | $927.00K | $1.01M | $439.00K | $549.00K |
| Total Current Liabilities | $219.02M | $30.75M | $30.15M | $74.03M | $64.56M | $61.44M | $59.88M | $48.98M | $45.61M | $44.91M | $40.25M | $41.58M | $40.85M | $40.73M |
| Deferred Tax Liabilities | $1.35M | $664.00K | $985.00K | $878.00K | $804.00K | $3.53M | $2.65M | $2.41M | $2.82M | $4.71M | $4.66M | $5.11M | $4.93M | $3.04M |
| Other Non-current Liabilities | $444.00K | $2.71M | $2.57M | $1.35M | $295.00K | $569.00K | $427.00K | $312.00K | $601.00K | $484.00K | $361.00K | $368.00K | $451.00K | $455.00K |
| Total Liabilities | $262.35M | $261.06M | $258.54M | $301.03M | $301.59M | $283.19M | $452.25M | $470.66M | $468.72M | $463.13M | $486.39M | $487.59M | $482.91M | $478.07M |
| Common Stock | $50.00K | $50.00K | $50.00K | $50.00K | $50.00K | $49.00K | $49.00K | $49.00K | $49.00K | $49.00K | $49.00K | $48.00K | $48.00K | $49.00K |
| Retained Earnings | $-688.88M | $-675.24M | $-668.24M | $-769.16M | $-757.17M | $-738.50M | $-739.30M | $-661.31M | $-642.42M | $-580.03M | $-566.76M | $-548.41M | $-542.83M | $-503.79M |
| Total Stockholders Equity | $502.64M | $513.27M | $515.39M | $398.81M | $401.90M | $418.57M | $400.10M | $472.19M | $489.02M | $537.53M | $544.25M | $560.52M | $555.84M | $555.72M |
| Total Liabilities & Equity | $764.99M | $774.33M | $773.93M | $699.84M | $703.49M | $701.76M | $852.34M | $942.85M | $957.74M | $1.00B | $1.03B | $1.05B | $1.04B | $1.03B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-11.64M | $-6.94M | $105.18M | $-11.98M | $-18.68M | $805.00K | $-77.99M | $-18.89M | $-62.39M | $-13.27M | $-23.93M | $-5.57M | $-9.44M | $-5.32M |
| Depreciation & Amortization | $6.36M | $21.36M | $14.94M | $7.65M | $7.89M | $22.86M | $15.03M | $7.47M | $7.45M | $20.04M | $13.13M | $6.40M | $6.13M | $16.63M |
| Deferred Income Tax | $-117.00K | $778.00K | $1.08M | $-26.00K | $6.00K | $-383.00K | - | - | $-1.79M | - | - | $246.00K | $558.00K | $-969.00K |
| Change in Inventory | $97.00K | $2.09M | $1.67M | $2.31M | $-536.00K | $-2.72M | $-2.43M | $-1.11M | $-3.08M | $1.57M | $1.25M | $-1.24M | $3.02M | $11.18M |
| Operating Cash Flow | $919.00K | $-9.50M | $-11.69M | $-4.34M | $-5.48M | $-10.84M | $-11.29M | $-3.27M | $2.48M | $-3.24M | $-1.28M | $2.77M | $3.65M | $-5.50M |
| Capital Expenditure | $5.47M | $10.97M | $7.52M | $3.17M | $5.22M | $12.04M | $7.80M | $4.01M | $11.57M | $27.21M | $18.24M | $9.57M | $7.86M | $14.25M |
| Acquisitions | - | - | - | - | $18.00K | $295.00K | - | - | - | - | - | - | - | $6.55M |
| Investing Cash Flow | $56.00K | $250.27M | $235.96M | $5.92M | $3.48M | $173.34M | $19.77M | $6.45M | $-14.76M | $50.80M | $32.30M | $-1.38M | $7.12M | $-66.81M |
| Stock Repurchased | $2.01M | $8.00M | $4.26M | - | - | - | - | - | - | - | - | - | $4.61M | $33.35M |
| Financing Cash Flow | $-2.15M | $-18.92M | $-16.05M | $-189.00K | $2.01M | $-163.54M | $-8.25M | $512.00K | $-126.00K | $-23.67M | $1.22M | $71.00K | $-5.31M | $-33.87M |
| Net Change in Cash | $-5.32M | $210.52M | $198.13M | $2.07M | $624.00K | $-1.68M | $112.00K | $3.32M | $-13.13M | $22.88M | $30.72M | $1.94M | $5.87M | $-108.38M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $44.23M | $38.32M | $130.73M | $115.32M |
| Cost of Revenue | $22.91M | $20.88M | $69.38M | $65.15M |
| Gross Profit | $21.32M | $17.44M | $61.34M | $50.16M |
| Operating Expenses | $31.26M | $30.82M | $88.12M | $159.09M |
| Research & Development | $4.52M | $4.16M | $12.57M | $13.55M |
| Selling General & Admin | $26.73M | $26.67M | $75.54M | $81.72M |
| Operating Income | $-9.93M | $-13.39M | $-26.77M | $-108.93M |
| Interest Expense | $526.00K | $882.00K | $925.00K | $629.00K |
| Other Income/Expense | $525.00K | $-1.88M | $-2.71M | $-1.69M |
| Income Before Tax | $-6.53M | $4.24M | $-24.77M | $-87.04M |
| Income Tax Expense | $165.00K | $316.00K | $673.00K | $493.00K |
| Net Income | $-6.94M | $805.00K | $89.94M | $-96.08M |
| Basic EPS | -0.18 | -0.02 | 1.68 | -2.07 |
| Diluted EPS | -0.18 | -0.02 | 1.68 | -2.07 |
| Basic Shares Outstanding | $50.13M | $49.42M | $50.11M | $49.26M |
| Diluted Shares Outstanding | $50.13M | $49.42M | $50.11M | $49.26M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $255.81M | $34.14M |
| Short-term Investments | $165.50M | $216.46M |
| Accounts Receivable | $34.91M | $25.30M |
| Inventory | $23.33M | $21.48M |
| Other Current Assets | $5.29M | $7.94M |
| Total Current Assets | $484.84M | $341.57M |
| Property Plant & Equipment | $83.23M | $80.01M |
| Goodwill | $22.41M | $20.57M |
| Intangible Assets | $141.25M | $147.93M |
| Total Assets | $774.33M | $703.49M |
| Deferred Revenue | $1.45M | $1.06M |
| Total Current Liabilities | $30.75M | $64.56M |
| Deferred Tax Liabilities | $664.00K | $804.00K |
| Other Non-current Liabilities | $2.71M | $296.00K |
| Total Liabilities | $261.06M | $301.60M |
| Common Stock | $50.00K | $50.00K |
| Retained Earnings | $-675.24M | $-757.17M |
| Total Stockholders Equity | $513.27M | $401.90M |
| Total Liabilities & Equity | $774.33M | $703.49M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-6.94M | $805.00K | $89.94M | $-96.08M |
| Depreciation & Amortization | - | - | $21.36M | $22.86M |
| Deferred Income Tax | - | - | $778.00K | $-383.00K |
| Change in Inventory | - | - | $2.09M | $-2.72M |
| Operating Cash Flow | - | - | $-9.50M | $-10.84M |
| Capital Expenditure | - | - | $10.97M | $12.04M |
| Acquisitions | - | - | - | $295.00K |
| Investing Cash Flow | - | - | $250.27M | $173.34M |
| Stock Repurchased | - | - | $8.00M | - |
| Financing Cash Flow | - | - | $-18.92M | $-163.54M |
| Net Change in Cash | - | - | $210.52M | $-1.68M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.