$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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $46.49M | $48.12M | $49.91M | $52.17M | $53.48M | $51.22M | $106.13M | $85.25M | $90.29M | $129.55M | $143.01M | $182.64M | $152.55M | $138.31M | $146.73M |
| Revenue Growth % | -3.4% | -3.6% | -4.3% | -2.4% | 4.4% | -51.7% | 24.5% | -5.6% | -30.3% | -9.4% | -21.7% | 19.7% | 10.3% | -5.7% | nan% |
| Cost of Revenue | $16.89M | $17.17M | $20.58M | $20.46M | $21.69M | $20.89M | $56.54M | $47.80M | $49.34M | $76.97M | $78.77M | $114.58M | $91.86M | $80.59M | $81.83M |
| Gross Profit | $29.61M | $30.95M | $29.33M | $31.71M | $31.78M | $30.33M | $49.59M | $37.45M | $40.95M | $52.58M | $64.25M | $68.06M | $60.69M | $57.71M | $64.89M |
| Gross Margin % | 63.7% | 64.3% | 58.8% | 60.8% | 59.4% | 59.2% | 46.7% | 43.9% | 45.4% | 40.6% | 44.9% | 37.3% | 39.8% | 41.7% | 44.2% |
| Operating Expenses | $51.43M | $52.57M | $59.55M | $60.32M | $65.27M | $75.63M | $112.65M | $89.14M | $96.65M | $150.14M | $145.02M | $177.68M | $153.57M | $146.05M | $150.12M |
| Research & Development | $10.38M | $12.41M | $15.36M | $14.36M | $16.11M | $21.00M | $20.13M | $15.42M | $18.09M | $28.45M | $31.06M | $29.56M | $27.35M | $23.39M | $22.79M |
| Operating Income | $-4.93M | $-4.45M | $-9.64M | $-8.15M | $-11.80M | $-44.06M | $-6.51M | $-3.89M | $-6.36M | $-83.90M | $-507.00K | $4.96M | $2.75M | $-18.19M | $6.03M |
| Operating Margin % | -10.6% | -9.2% | -19.3% | -15.6% | -22.1% | -86.0% | -6.1% | -4.6% | -7.0% | -64.8% | -0.4% | 2.7% | 1.8% | -13.2% | 4.1% |
| Interest Expense | $251.00K | $124.00K | $115.00K | - | - | - | - | - | - | $109.00K | $76.00K | $76.00K | $76.00K | $438.00K | $604.00K |
| Interest Income | - | - | - | - | - | - | - | - | - | $67.00K | $21.00K | $2.00K | $15.00K | $14.00K | $141.00K |
| Other Income/Expense | - | - | - | - | - | - | - | - | $14.00K | $-73.00K | $-8.00K | $12.00K | $24.00K | $-25.00K | $5.00K |
| Income Before Tax | $-4.39M | $-4.57M | $-9.82M | $-8.06M | $-4.16M | $-43.94M | $-5.76M | $-2.83M | $-6.04M | $-84.01M | $-570.00K | $-284.00K | $-2.14M | $-18.64M | $5.57M |
| Income Tax Expense | $433.00K | $380.00K | $94.00K | $184.00K | $232.00K | $-1.92M | $-1.72M | $-156.00K | $42.00K | $54.00K | $27.00K | $24.28M | $1.75M | $16.56M | $2.61M |
| Net Income | $-4.83M | $-4.95M | $-9.91M | $-8.24M | $-4.39M | $-38.45M | $-4.04M | $-2.68M | $-6.09M | $-84.07M | $26.72M | $-19.09M | $1.82M | $-35.20M | $2.96M |
| Net Margin % | -10.4% | -10.3% | -19.9% | -15.8% | -8.2% | -75.1% | -3.8% | -3.1% | -6.7% | -64.9% | 18.7% | -10.5% | 1.2% | -25.4% | 2.0% |
| Basic EPS | -0.11 | -0.11 | -0.23 | -0.19 | -0.10 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | -0.11 | -0.11 | -0.23 | -0.19 | -0.10 | nan | nan | nan | nan | nan | nan | nan | nan | nan | 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $12.77M | $14.61M | $20.47M | $27.09M | $33.85M | $42.53M | $45.23M | $104.19M | $103.95M | $109.16M | $80.03M | $30.91M | $15.93M | $37.44M |
| Accounts Receivable | $7.07M | $7.39M | $8.40M | $8.02M | $6.33M | $17.81M | $16.20M | $14.86M | $18.92M | $24.62M | $25.94M | $30.00M | $25.99M | $30.64M |
| Other Current Assets | $2.44M | $1.80M | $2.02M | $2.41M | $2.16M | $2.08M | $2.66M | $2.04M | $1.53M | $1.78M | $3.14M | $2.94M | $2.67M | $3.61M |
| Total Current Assets | $22.28M | $23.81M | $30.89M | $37.51M | $42.34M | $62.42M | $64.08M | $121.09M | $124.50M | $135.69M | $109.25M | $64.97M | $45.68M | $74.64M |
| Property Plant & Equipment | $1.81M | $2.40M | $4.05M | $2.82M | $2.75M | $3.03M | $2.92M | $2.40M | $3.56M | $5.78M | $5.43M | $5.44M | $6.00M | $6.19M |
| Goodwill | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $33.43M | $24.44M | - | - | $63.30M | $65.68M | $65.68M | $65.81M | $82.64M |
| Intangible Assets | - | $602.00K | $2.59M | $4.71M | $9.20M | $19.48M | $20.70M | - | - | - | - | $434.00K | $3.36M | - |
| Other Non-current Assets | $397.00K | $1.48M | $973.00K | $986.00K | $1.34M | $335.00K | $917.00K | $326.00K | $214.00K | $222.00K | - | - | - | - |
| Total Assets | $43.20M | $47.48M | $56.79M | $65.83M | $76.93M | $124.50M | $113.06M | $123.82M | $128.27M | $204.99M | $180.67M | $162.15M | $149.15M | $220.06M |
| Accounts Payable | $1.35M | $1.53M | $2.04M | $1.36M | $2.42M | $7.08M | $5.97M | $4.93M | $6.81M | $9.46M | $13.77M | $15.92M | $12.38M | $12.90M |
| Deferred Revenue | $1.09M | $1.21M | $1.38M | $2.02M | $1.39M | $1.17M | $1.78M | $313.00K | $349.00K | $692.00K | $2.12M | $1.39M | $2.01M | $1.93M |
| Total Current Liabilities | $9.27M | $9.72M | $12.06M | $12.67M | $20.95M | $17.55M | $14.77M | $32.73M | $14.87M | $16.86M | $23.40M | $25.30M | $24.00M | $58.47M |
| Deferred Tax Liabilities | $579.00K | $249.00K | $233.00K | $186.00K | $156.00K | $981.00K | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | - | - | - | - | - | $473.00K | $1.29M | $1.09M | $134.00K | $662.00K | $1.12M | $2.10M | $2.22M | $2.58M |
| Total Liabilities | $10.57M | $11.61M | $12.68M | $14.32M | $24.24M | $24.66M | $18.04M | $33.82M | $15.00M | $17.53M | $24.52M | $27.39M | $26.21M | $61.05M |
| Retained Earnings | $-326.18M | $-321.23M | $-311.32M | $-303.08M | $-298.69M | $-260.24M | $-256.20M | $-253.71M | $-247.58M | $-163.52M | $-190.24M | $-171.15M | $-172.97M | $-137.77M |
| Treasury Stock | - | - | - | - | - | - | - | - | - | $238.00K | $2.50M | $2.00K | $13.00K | $1.07M |
| Total Stockholders Equity | $32.63M | $35.87M | $44.11M | $51.50M | $52.69M | $99.84M | $95.03M | $90.00M | $113.27M | $187.47M | $156.15M | $134.75M | $122.94M | $159.01M |
| Total Liabilities & Equity | $43.20M | $47.48M | $56.79M | $65.83M | $76.93M | $124.50M | $113.06M | $123.82M | $128.27M | $204.99M | $180.67M | $162.15M | $149.15M | $220.06M |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-4.83M | $-4.95M | $-9.91M | $-8.24M | $-4.39M | $-38.45M | $-4.04M | $-2.68M | $-6.09M | $-84.07M | $26.72M | $-19.09M | $1.82M | $-35.20M | $2.96M |
| Depreciation & Amortization | - | $2.65M | $3.87M | $4.03M | $5.97M | $7.25M | $8.17M | $2.60M | $2.79M | $3.19M | $3.66M | $4.11M | $6.68M | $8.46M | $9.47M |
| Stock-based Compensation | $3.82M | $1.71M | $2.39M | $2.65M | $2.67M | $3.83M | $3.15M | $3.04M | $4.60M | $10.18M | $10.03M | $11.90M | $9.26M | $15.70M | $15.14M |
| Deferred Income Tax | $582.00K | $330.00K | - | $43.00K | $-6.00K | $-826.00K | $-1.73M | $-185.00K | - | - | - | $24.39M | $1.97M | $16.59M | $1.90M |
| Change in Receivables | $583.00K | $-469.00K | $-360.00K | $1.28M | $2.12M | $80.00K | $1.91M | $-254.00K | $-3.84M | $-4.02M | $-999.00K | $-2.54M | $5.73M | $-2.95M | $6.96M |
| Change in Payables | $3.43M | $-566.00K | $-1.25M | $675.00K | $-1.05M | $1.79M | $1.15M | $618.00K | $-1.96M | $-2.61M | $-4.08M | $-2.20M | $3.51M | $-550.00K | $-1.54M |
| Operating Cash Flow | $-5.09M | $-1.10M | $-4.39M | $-2.29M | $-6.34M | $-3.37M | $5.09M | $5.05M | $1.69M | $-3.67M | $12.75M | $22.42M | $13.60M | $19.90M | $16.78M |
| Capital Expenditure | - | $429.00K | $1.38M | $2.87M | $1.35M | $1.35M | $1.67M | $1.65M | $1.56M | $986.00K | $4.11M | $3.27M | $3.04M | $2.88M | $3.97M |
| Acquisitions | - | - | - | - | - | $-88.00K | $7.92M | $34.34M | - | - | - | - | - | - | $15.80M |
| Investing Cash Flow | $-1.89M | $-429.00K | $-1.31M | $-2.87M | $-951.00K | $981.00K | $-9.68M | $-36.56M | $-1.58M | $-1.22M | $21.82M | $-3.18M | $1.65M | $3.32M | $-10.39M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | $32.53M | - | - | - |
| Stock Repurchased | - | - | - | - | - | $10.85M | - | $5.67M | - | $365.00K | $3.82M | $2.49M | $119.00K | $1.65M | $6.16M |
| Dividends Paid | - | - | - | - | - | - | - | $21.91M | - | - | $1.69M | $3.33M | - | $9.38M | $2.94M |
| Financing Cash Flow | $203.00K | $-307.00K | $-160.00K | $-1.46M | $528.00K | $-5.49M | $1.89M | $-27.45M | $125.00K | $-312.00K | $-5.45M | $29.88M | $-261.00K | $-44.73M | $-6.28M |
| Net Change in Cash | $-6.78M | $-1.84M | $-5.87M | $-6.61M | $-6.76M | $-7.88M | $-2.70M | $-58.96M | $240.00K | $-5.21M | $29.12M | $49.12M | $14.98M | $-21.51M | $115.00K |
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.