$180.92M
Revenue
$-18.10M
Net Income
70.18%
Gross Margin
-5.32%
Op. Margin
$14.41M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $43.87M | $44.46M | $46.98M | $45.61M | $44.30M | $44.03M |
| Revenue Growth % (YoY) | -1.0% | 1.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $13.14M | $13.24M | $14.25M | $13.33M | $14.75M | $15.36M |
| Gross Profit | $30.73M | $31.22M | $32.74M | $32.28M | $29.54M | $28.68M |
| Gross Margin % | 70.0% | 70.2% | 69.7% | 70.8% | 66.7% | 65.1% |
| Operating Expenses | $32.23M | $33.98M | $34.31M | $36.07M | $34.01M | $37.23M |
| Research & Development | $11.48M | $11.57M | $12.09M | $12.97M | $12.43M | $12.03M |
| Operating Income | $-1.50M | $-2.76M | $-1.58M | $-3.79M | $-4.47M | $-8.55M |
| Operating Margin % | -3.4% | -6.2% | -3.4% | -8.3% | -10.1% | -19.4% |
| Interest Expense | $1.71M | $1.12M | $565.00K | $612.00K | $2.08M | $1.38M |
| Other Income/Expense | $85.00K | $-4.57M | $1.80M | $-1.24M | $2.16M | $1.01M |
| Income Before Tax | $-1.42M | $-7.33M | $226.00K | $-5.03M | $-2.31M | $-7.54M |
| Income Tax Expense | $1.21M | $424.00K | $1.34M | $1.57M | $1.30M | $2.46M |
| Net Income | $-2.63M | $-7.75M | $-1.12M | $-6.61M | $-3.61M | $-10.00M |
| Net Margin % | -6.0% | -17.4% | -2.4% | -14.5% | -8.1% | -22.7% |
| Basic EPS | 0.02 | 0.05 | -0.01 | -0.38 | 0.02 | 0.07 |
| Diluted EPS | nan | -0.05 | nan | nan | nan | -0.07 |
| Basic Shares Outstanding | - | 153.5M | 154.0M | 851K | 149.3M | 147.6M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $41.51M | $35.45M | $31.70M | $33.06M | $36.84M | $34.27M |
| Short-term Investments | $30.69M | $35.76M | $31.22M | $48.27M | $40.87M | $34.03M |
| Accounts Receivable | $20.26M | $21.24M | $18.21M | $19.98M | $22.65M | $22.12M |
| Other Current Assets | $11.05M | $12.31M | $9.94M | $9.48M | $7.92M | $7.52M |
| Total Current Assets | $112.47M | $114.42M | $101.40M | $121.56M | $118.55M | $108.33M |
| Property Plant & Equipment | $13.29M | $14.28M | $15.24M | $16.19M | $17.06M | $18.07M |
| Goodwill | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M |
| Intangible Assets | $76.00K | $89.00K | $101.00K | $212.00K | $332.00K | $452.00K |
| Long-term Investments | $11.90M | $4.13M | $18.00M | $3.38M | $2.23M | $2.95M |
| Other Non-current Assets | $3.60M | $3.44M | $3.12M | $2.98M | $2.92M | $2.84M |
| Total Assets | $172.62M | $169.45M | $172.80M | $181.31M | $178.58M | $171.30M |
| Accounts Payable | $4.86M | $9.19M | $8.31M | - | $5.82M | $7.05M |
| Deferred Revenue | $61.05M | $55.08M | $53.88M | $63.12M | $63.21M | $55.46M |
| Total Current Liabilities | $100.73M | $97.97M | $95.82M | $101.66M | $106.12M | $98.49M |
| Long-term Debt | $25.33M | $26.62M | $27.89M | $29.15M | $30.48M | $31.11M |
| Other Non-current Liabilities | $14.17M | $12.83M | $12.01M | $10.77M | $2.11M | $2.06M |
| Total Liabilities | $154.89M | $152.49M | $150.14M | $156.92M | $154.44M | $147.83M |
| Retained Earnings | $-480.31M | $-477.68M | $-469.93M | $-468.81M | $-462.20M | $-458.60M |
| Treasury Stock | $17.40M | $17.40M | $10.12M | $7.80M | $7.11M | $4.97M |
| Total Stockholders Equity | $17.73M | $16.95M | $22.66M | $24.39M | $24.14M | $23.48M |
| Total Liabilities & Equity | $172.62M | $169.45M | $172.80M | $181.31M | $178.58M | $171.30M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-2.63M | $-7.75M | $-1.12M | $-6.61M | $-3.61M | $-21.10M |
| Depreciation & Amortization | $3.38M | $2.28M | $1.19M | $1.23M | $3.83M | $2.58M |
| Stock-based Compensation | $12.68M | $8.62M | $4.53M | $5.20M | $21.07M | $15.43M |
| Change in Receivables | $280.00K | $1.26M | $-1.77M | $-2.67M | $-666.00K | $-1.20M |
| Change in Payables | $1.78M | $6.10M | $5.22M | - | $2.18M | $3.45M |
| Operating Cash Flow | $10.89M | $1.61M | $-1.05M | $4.31M | $7.92M | $-2.75M |
| Capital Expenditure | $534.00K | $423.00K | $297.00K | $100.00K | $421.00K | $327.00K |
| Investing Cash Flow | $8.87M | $11.62M | $2.25M | $-8.23M | $-4.18M | $1.76M |
| Debt Repayment | $2.19M | $1.53M | $875.00K | $437.00K | $1.75M | $1.31M |
| Stock Repurchased | $9.60M | $9.60M | $2.32M | $687.00K | $2.23M | $85.00K |
| Financing Cash Flow | $-11.86M | $-11.34M | $-2.62M | $331.00K | $-3.87M | $-1.30M |
| Net Change in Cash | $8.45M | $2.39M | $-1.36M | $-3.78M | $156.00K | $-2.42M |
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 | $43.87M | $44.30M | $135.31M | $133.11M |
| Cost of Revenue | $13.14M | $14.75M | $40.63M | $46.28M |
| Gross Profit | $30.73M | $29.54M | $94.68M | $86.83M |
| Operating Expenses | $32.23M | $34.01M | $100.52M | $107.13M |
| Research & Development | $11.48M | $12.43M | $35.14M | $36.46M |
| Operating Income | $-1.50M | $-4.47M | $-5.84M | $-20.31M |
| Interest Expense | - | - | $1.71M | $2.08M |
| Other Income/Expense | $85.00K | $2.16M | $-2.68M | $1.67M |
| Income Before Tax | $-1.42M | $-2.31M | $-8.52M | $-18.63M |
| Income Tax Expense | $1.21M | $1.30M | $2.98M | $6.08M |
| Net Income | $-2.63M | $-3.61M | $-11.50M | $-24.71M |
| Basic EPS | 0.02 | 0.02 | 0.07 | 0.17 |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $41.51M | $33.06M |
| Short-term Investments | $30.69M | $48.27M |
| Accounts Receivable | $20.26M | $19.98M |
| Other Current Assets | $11.05M | $9.48M |
| Total Current Assets | $112.47M | $121.56M |
| Property Plant & Equipment | $13.29M | $16.19M |
| Goodwill | $11.07M | $11.07M |
| Intangible Assets | $76.00K | $212.00K |
| Long-term Investments | $11.90M | $3.38M |
| Other Non-current Assets | $3.60M | $2.98M |
| Total Assets | $172.62M | $181.31M |
| Accounts Payable | $4.86M | $3.27M |
| Deferred Revenue | $61.05M | $63.12M |
| Total Current Liabilities | $100.73M | $101.66M |
| Long-term Debt | $25.33M | $29.15M |
| Other Non-current Liabilities | $14.17M | $10.77M |
| Total Liabilities | $154.89M | $156.92M |
| Retained Earnings | $-480.31M | $-468.81M |
| Treasury Stock | $17.40M | $7.80M |
| Total Stockholders Equity | $17.73M | $24.39M |
| Total Liabilities & Equity | $172.62M | $181.31M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.63M | $-3.61M | $-11.50M | $-24.71M |
| Depreciation & Amortization | - | - | $3.38M | $3.83M |
| Stock-based Compensation | - | - | $12.68M | $21.07M |
| Change in Receivables | - | - | $280.00K | $-666.00K |
| Change in Payables | - | - | $1.78M | $2.18M |
| Operating Cash Flow | - | - | $10.89M | $7.92M |
| Capital Expenditure | - | - | $534.00K | $421.00K |
| Investing Cash Flow | - | - | $8.87M | $-4.18M |
| Debt Repayment | - | - | $2.19M | $1.75M |
| Stock Repurchased | - | - | $9.60M | $2.23M |
| Financing Cash Flow | - | - | $-11.86M | $-3.87M |
| Net Change in Cash | - | - | $8.45M | $156.00K |
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.