$46.49M
Revenue
$-4.83M
Net Income
63.68%
Gross Margin
-10.61%
Op. Margin
$-5.09M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $46.49M | $48.12M | $49.91M | $52.17M | $53.48M | $51.22M |
| Revenue Growth % | -3.4% | -3.6% | -4.3% | -2.4% | 4.4% | nan% |
| Cost of Revenue | $16.89M | $17.17M | $20.58M | $20.46M | $21.69M | $20.89M |
| Gross Profit | $29.61M | $30.95M | $29.33M | $31.71M | $31.78M | $30.33M |
| Gross Margin % | 63.7% | 64.3% | 58.8% | 60.8% | 59.4% | 59.2% |
| Operating Expenses | $51.43M | $52.57M | $59.55M | $60.32M | $65.27M | $75.63M |
| Research & Development | $10.38M | $12.41M | $15.36M | $14.36M | $16.11M | $21.00M |
| Operating Income | $-4.93M | $-4.45M | $-9.64M | $-8.15M | $-11.80M | $-44.06M |
| Operating Margin % | -10.6% | -9.2% | -19.3% | -15.6% | -22.1% | -86.0% |
| Interest Expense | $251.00K | $124.00K | $115.00K | - | - | - |
| Income Before Tax | $-4.39M | $-4.57M | $-9.82M | $-8.06M | $-4.16M | $-43.94M |
| Income Tax Expense | $433.00K | $380.00K | $94.00K | $184.00K | $232.00K | $-1.92M |
| Net Income | $-4.83M | $-4.95M | $-9.91M | $-8.24M | $-4.39M | $-38.45M |
| Net Margin % | -10.4% | -10.3% | -19.9% | -15.8% | -8.2% | -75.1% |
| Basic EPS | -0.11 | -0.11 | -0.23 | -0.19 | -0.10 | nan |
| Diluted EPS | -0.11 | -0.11 | -0.23 | -0.19 | -0.10 | nan |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $12.77M | $14.61M | $20.47M | $27.09M | $33.85M |
| Accounts Receivable | $7.07M | $7.39M | $8.40M | $8.02M | $6.33M |
| Other Current Assets | $2.44M | $1.80M | $2.02M | $2.41M | $2.16M |
| Total Current Assets | $22.28M | $23.81M | $30.89M | $37.51M | $42.34M |
| Property Plant & Equipment | $1.81M | $2.40M | $4.05M | $2.82M | $2.75M |
| Goodwill | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M |
| Intangible Assets | - | $602.00K | $2.59M | $4.71M | $9.20M |
| Other Non-current Assets | $397.00K | $1.48M | $973.00K | $986.00K | $1.34M |
| Total Assets | $43.20M | $47.48M | $56.79M | $65.83M | $76.93M |
| Accounts Payable | $1.35M | $1.53M | $2.04M | $1.36M | $2.42M |
| Deferred Revenue | $1.09M | $1.21M | $1.38M | $2.02M | $1.39M |
| Total Current Liabilities | $9.27M | $9.72M | $12.06M | $12.67M | $20.95M |
| Deferred Tax Liabilities | $579.00K | $249.00K | $233.00K | $186.00K | $156.00K |
| Total Liabilities | $10.57M | $11.61M | $12.68M | $14.32M | $24.24M |
| Retained Earnings | $-326.18M | $-321.23M | $-311.32M | $-303.08M | $-298.69M |
| Total Stockholders Equity | $32.63M | $35.87M | $44.11M | $51.50M | $52.69M |
| Total Liabilities & Equity | $43.20M | $47.48M | $56.79M | $65.83M | $76.93M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-4.83M | $-4.95M | $-9.91M | $-8.24M | $-4.39M | $-38.45M |
| Depreciation & Amortization | - | $2.65M | $3.87M | $4.03M | $5.97M | $7.25M |
| Stock-based Compensation | $3.82M | $1.71M | $2.39M | $2.65M | $2.67M | $3.83M |
| Deferred Income Tax | $582.00K | $330.00K | - | $43.00K | $-6.00K | $-826.00K |
| Change in Receivables | $583.00K | $-469.00K | $-360.00K | $1.28M | $2.12M | $80.00K |
| Change in Payables | $3.43M | $-566.00K | $-1.25M | $675.00K | $-1.05M | $1.79M |
| Operating Cash Flow | $-5.09M | $-1.10M | $-4.39M | $-2.29M | $-6.34M | $-3.37M |
| Capital Expenditure | - | $429.00K | $1.38M | $2.87M | $1.35M | $1.35M |
| Acquisitions | - | - | - | - | - | $-88.00K |
| Investing Cash Flow | $-1.89M | $-429.00K | $-1.31M | $-2.87M | $-951.00K | $981.00K |
| Stock Repurchased | - | - | - | - | - | $10.85M |
| Financing Cash Flow | $203.00K | $-307.00K | $-160.00K | $-1.46M | $528.00K | $-5.49M |
| Net Change in Cash | $-6.78M | $-1.84M | $-5.87M | $-6.61M | $-6.76M | $-7.88M |
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 | $11.51M | - | $34.57M | - |
| Cost of Revenue | $4.25M | - | $12.50M | - |
| Operating Expenses | $12.46M | - | $37.92M | - |
| Research & Development | $2.37M | - | $7.54M | - |
| Operating Income | $-941.00K | - | $-3.35M | - |
| Interest Expense | - | - | $151.00K | - |
| Income Before Tax | $-993.00K | - | $-2.78M | - |
| Income Tax Expense | $27.00K | - | $141.00K | - |
| Net Income | $-1.02M | $-756.00K | $-2.92M | - |
| Basic EPS | -0.02 | - | -0.07 | - |
| Diluted EPS | -0.02 | - | -0.07 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $10.32M | $12.77M |
| Accounts Receivable | $7.40M | $7.07M |
| Other Current Assets | $2.69M | $2.44M |
| Total Current Assets | $20.40M | $22.28M |
| Property Plant & Equipment | $1.72M | $1.81M |
| Goodwill | $17.56M | $17.56M |
| Other Non-current Assets | $714.00K | $397.00K |
| Total Assets | $41.15M | $43.20M |
| Accounts Payable | $2.64M | $1.35M |
| Deferred Revenue | $430.00K | $1.09M |
| Total Current Liabilities | $8.06M | $9.27M |
| Deferred Tax Liabilities | $678.00K | $579.00K |
| Total Liabilities | $9.20M | $10.57M |
| Retained Earnings | $-329.10M | $-326.18M |
| Total Stockholders Equity | $31.94M | $32.63M |
| Total Liabilities & Equity | $41.15M | $43.20M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.02M | $-756.00K | $-2.92M | - |
| Stock-based Compensation | - | - | $1.93M | - |
| Deferred Income Tax | - | - | $99.00K | - |
| Change in Receivables | - | - | $394.00K | - |
| Change in Payables | - | - | $1.29M | - |
| Operating Cash Flow | - | - | $-1.53M | - |
| Capital Expenditure | - | - | $31.00K | - |
| Investing Cash Flow | - | - | $-892.00K | - |
| Financing Cash Flow | - | - | $-25.00K | - |
| Net Change in Cash | - | - | $-2.45M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.