$46.49M
Revenue
$-4.83M
Net Income
63.68%
Gross Margin
-10.61%
Op. Margin
$-5.09M
Free Cash Flow
| Breakdown | 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 | $11.51M | $11.65M | $11.40M | $11.92M | $12.55M | $12.07M | $11.57M | $12.39M | $12.78M | $12.52M | $12.22M | $12.29M | $13.20M |
| Revenue Growth % (YoY) | -8.3% | -3.5% | -1.5% | -3.8% | -1.8% | -3.6% | -5.3% | 0.8% | -3.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.25M | $4.07M | $4.19M | $4.38M | $4.22M | $4.15M | $4.41M | $4.68M | $5.06M | $5.42M | $5.42M | $5.67M | $4.99M |
| Gross Profit | $7.27M | $7.59M | $7.21M | $7.54M | $8.33M | $7.92M | $7.16M | $7.71M | $7.72M | $7.10M | $6.79M | $6.62M | $8.21M |
| Gross Margin % | 63.1% | 65.1% | 63.3% | 63.2% | 66.4% | 65.6% | 61.9% | 62.2% | 60.4% | 56.7% | 55.6% | 53.9% | 62.2% |
| Operating Expenses | $12.46M | $12.19M | $13.27M | $13.51M | $13.38M | $12.80M | $12.89M | $13.52M | $14.10M | $15.22M | $16.72M | $15.81M | $14.80M |
| Research & Development | $2.37M | $2.50M | $2.67M | $2.84M | $3.11M | $3.22M | $3.25M | $3.15M | $3.94M | $4.10M | $4.16M | $3.84M | $3.52M |
| Operating Income | $-941.00K | $-536.00K | $-1.87M | $-1.59M | $-825.00K | $-722.00K | $-1.31M | $-1.12M | $-1.32M | $-2.70M | $-4.50M | $-3.52M | $-1.60M |
| Operating Margin % | -8.2% | -4.6% | -16.4% | -13.3% | -6.6% | -6.0% | -11.3% | -9.0% | -10.3% | -21.6% | -36.9% | -28.7% | -12.1% |
| Interest Expense | $151.00K | $47.00K | $25.00K | $28.00K | $96.00K | $65.00K | - | $25.00K | - | - | - | - | - |
| Income Before Tax | $-993.00K | $90.00K | $-1.87M | $-1.62M | $-806.00K | $-753.00K | $-1.39M | $-1.10M | $-1.54M | $-2.73M | $-4.45M | $-3.47M | $-1.56M |
| Income Tax Expense | $27.00K | $5.00K | $108.00K | $293.00K | $25.00K | $3.00K | $59.00K | $41.00K | $9.00K | $14.00K | $30.00K | $107.00K | $-4.00K |
| Net Income | $-1.02M | $85.00K | $-1.98M | $-1.91M | $-831.00K | $-756.00K | $-1.45M | $-1.14M | $-1.55M | $-2.74M | $-4.48M | $-3.57M | $-1.56M |
| Net Margin % | -8.9% | 0.7% | -17.4% | -16.0% | -6.6% | -6.3% | -12.5% | -9.2% | -12.1% | -21.9% | -36.6% | -29.1% | -11.8% |
| Basic EPS | -0.02 | 0.00 | -0.05 | -0.04 | -0.02 | -0.02 | -0.03 | -0.02 | -0.04 | -0.06 | -0.11 | -0.08 | -0.04 |
| Diluted EPS | -0.02 | 0.00 | -0.05 | -0.04 | -0.02 | -0.02 | -0.03 | -0.02 | -0.04 | -0.06 | -0.11 | -0.08 | -0.04 |
| Breakdown | 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 | $10.32M | $10.49M | $10.02M | $12.77M | $12.08M | $11.98M | $12.03M | $14.61M | $13.72M | $14.12M | $15.71M | $20.47M | $23.33M |
| Accounts Receivable | $7.40M | $7.56M | $7.58M | $7.07M | $7.76M | $7.64M | $8.14M | $7.39M | $8.13M | $7.72M | $8.05M | $8.40M | $8.44M |
| Other Current Assets | $2.69M | $3.04M | $2.32M | $2.44M | $1.97M | $2.87M | $2.30M | $1.80M | $2.11M | $2.20M | $2.40M | $2.02M | $2.55M |
| Total Current Assets | $20.40M | $21.09M | $19.93M | $22.28M | $21.81M | $22.49M | $22.48M | $23.81M | $23.96M | $24.05M | $26.15M | $30.89M | $34.32M |
| Property Plant & Equipment | $1.72M | $1.74M | $1.72M | $1.81M | $2.07M | $1.86M | $2.09M | $2.40M | $3.31M | $4.67M | $4.53M | $4.05M | $3.84M |
| Goodwill | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M |
| Intangible Assets | - | - | - | - | $151.00K | $301.00K | $452.00K | $602.00K | $997.00K | $1.53M | $2.06M | $2.59M | $3.12M |
| Other Non-current Assets | $714.00K | $768.00K | $394.00K | $397.00K | $1.21M | $1.90M | $1.49M | $1.48M | $1.11M | $1.06M | $1.12M | $973.00K | $1.01M |
| Total Assets | $41.15M | $41.98M | $40.63M | $43.20M | $44.08M | $45.50M | $45.58M | $47.48M | $49.08M | $50.72M | $51.91M | $56.79M | $60.97M |
| Accounts Payable | $2.64M | $2.92M | $1.71M | $1.35M | $1.20M | $1.92M | $1.46M | $1.53M | $1.18M | $915.00K | $1.34M | $2.04M | $1.31M |
| Deferred Revenue | $430.00K | $806.00K | $1.29M | $1.09M | $859.00K | $1.47M | $1.92M | $1.21M | $1.21M | $1.44M | $1.68M | $1.38M | $878.00K |
| Total Current Liabilities | $8.06M | $8.73M | $7.96M | $9.27M | $8.66M | $9.47M | $9.02M | $9.72M | $9.81M | $10.16M | $10.61M | $12.06M | $11.42M |
| Deferred Tax Liabilities | $678.00K | $658.00K | $655.00K | $579.00K | $289.00K | $278.00K | $276.00K | $249.00K | $233.00K | $257.00K | $232.00K | $233.00K | $217.00K |
| Total Liabilities | $9.20M | $9.94M | $9.26M | $10.57M | $9.96M | $10.97M | $10.73M | $11.61M | $11.81M | $12.31M | $11.47M | $12.68M | $12.07M |
| Retained Earnings | $-329.10M | $-328.07M | $-328.16M | $-326.18M | $-324.27M | $-323.44M | $-322.68M | $-321.23M | $-320.09M | $-318.54M | $-315.80M | $-311.32M | $-307.75M |
| Total Stockholders Equity | $31.94M | $32.04M | $31.37M | $32.63M | $34.12M | $34.53M | $34.85M | $35.87M | $37.27M | $38.41M | $40.45M | $44.11M | $48.90M |
| Total Liabilities & Equity | $41.15M | $41.98M | $40.63M | $43.20M | $44.08M | $45.50M | $45.58M | $47.48M | $49.08M | $50.72M | $51.91M | $56.79M | $60.97M |
| Breakdown | 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 | $-1.02M | $85.00K | $-1.98M | $-1.91M | $-831.00K | $-756.00K | $-1.45M | $-1.14M | $-1.55M | $-2.74M | $-4.48M | $-3.57M | $-1.56M |
| Depreciation & Amortization | - | - | - | $774.00K | $1.87M | $1.15M | $474.00K | $747.00K | $3.13M | $1.84M | $889.00K | $1.14M | $2.89M |
| Stock-based Compensation | $1.93M | $1.01M | $455.00K | $426.00K | $1.28M | $870.00K | $433.00K | $486.00K | $1.91M | $1.50M | $799.00K | $612.00K | $2.03M |
| Deferred Income Tax | $99.00K | $80.00K | $76.00K | $327.00K | $3.00K | $-9.00K | $28.00K | - | - | $24.00K | - | $-23.00K | $66.00K |
| Change in Receivables | $394.00K | $437.00K | $452.00K | $-700.00K | $231.00K | $168.00K | $776.00K | $-307.00K | $-53.00K | $-516.00K | $-255.00K | $369.00K | $911.00K |
| Change in Payables | $1.29M | $1.57M | $363.00K | $201.00K | $-767.00K | $389.00K | $-77.00K | $-395.00K | $-860.00K | $-1.12M | $-1.20M | $722.00K | $-47.00K |
| Operating Cash Flow | $-1.53M | $-1.82M | $-2.62M | $875.00K | $-1.98M | $-2.36M | $-2.48M | $1.75M | $-6.15M | $-5.77M | $-4.38M | $-501.00K | $-1.79M |
| Capital Expenditure | $31.00K | $31.00K | - | $165.00K | $264.00K | $81.00K | $4.00K | $853.00K | $524.00K | $522.00K | $392.00K | $869.00K | $2.00M |
| Investing Cash Flow | $-892.00K | $-542.00K | $-289.00K | $-165.00K | $-264.00K | $-81.00K | $-4.00K | $-854.00K | $-458.00K | $-522.00K | $-392.00K | $-869.00K | $-2.00M |
| Financing Cash Flow | $-25.00K | $85.00K | $164.00K | $-21.00K | $-286.00K | $-188.00K | $-93.00K | $-10.00K | $-150.00K | $-59.00K | $9.00K | $-1.49M | $30.00K |
| Net Change in Cash | $-2.45M | $-2.28M | $-2.75M | $689.00K | $-2.53M | $-2.63M | $-2.58M | $890.00K | $-6.76M | $-6.35M | $-4.76M | $-2.85M | $-3.76M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.