$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) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $43.87M | $44.46M | $46.98M | $45.61M | $44.30M | $44.03M | $44.78M | $44.48M | $43.54M | $43.88M | $43.27M | $44.07M | $41.05M | $41.98M | $41.72M | $42.72M | $42.98M | $41.60M |
| Revenue Growth % (YoY) | -1.0% | 1.0% | 4.9% | 2.5% | 1.7% | 0.3% | 3.5% | 0.9% | 6.1% | 4.5% | 3.7% | 3.2% | -4.5% | 0.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $13.14M | $13.24M | $14.25M | $13.33M | $14.75M | $15.36M | $16.17M | $15.83M | $15.84M | $15.28M | $15.99M | $16.46M | $14.68M | $15.29M | $15.45M | $15.94M | $15.17M | $15.62M |
| Gross Profit | $30.73M | $31.22M | $32.74M | $32.28M | $29.54M | $28.68M | $28.61M | $28.65M | $27.70M | $28.60M | $27.29M | $27.61M | $26.38M | $26.69M | $26.27M | $26.77M | $27.82M | $25.98M |
| Gross Margin % | 70.0% | 70.2% | 69.7% | 70.8% | 66.7% | 65.1% | 63.9% | 64.4% | 63.6% | 65.2% | 63.1% | 62.6% | 64.2% | 63.6% | 63.0% | 62.7% | 64.7% | 62.4% |
| Operating Expenses | $32.23M | $33.98M | $34.31M | $36.07M | $34.01M | $37.23M | $35.90M | $37.47M | $36.01M | $38.16M | $39.25M | $38.97M | $41.23M | $42.20M | $40.93M | $39.20M | $33.69M | $31.75M |
| Research & Development | $11.48M | $11.57M | $12.09M | $12.97M | $12.43M | $12.03M | $12.01M | $12.74M | $12.56M | $12.97M | $14.13M | $14.18M | $13.89M | $14.44M | $14.87M | $13.33M | $12.36M | $11.79M |
| Operating Income | $-1.50M | $-2.76M | $-1.58M | $-3.79M | $-4.47M | $-8.55M | $-7.29M | $-8.82M | $-8.31M | $-9.56M | $-11.96M | $-11.36M | $-14.85M | $-15.51M | $-14.66M | $-12.43M | $-5.87M | $-5.77M |
| Operating Margin % | -3.4% | -6.2% | -3.4% | -8.3% | -10.1% | -19.4% | -16.3% | -19.8% | -19.1% | -21.8% | -27.6% | -25.8% | -36.2% | -36.9% | -35.1% | -29.1% | -13.7% | -13.9% |
| Interest Expense | $1.71M | $1.12M | $565.00K | $612.00K | $2.08M | $1.38M | $694.00K | $711.00K | $2.24M | $1.50M | $749.00K | $872.00K | $1.43M | $880.00K | $444.00K | $6.00K | $1.94M | $1.22M |
| Other Income/Expense | $85.00K | $-4.57M | $1.80M | $-1.24M | $2.16M | $1.01M | $-1.50M | $-1.85M | $95.00K | $1.17M | $1.78M | $-1.30M | $-3.00M | $241.00K | $-182.00K | $-1.67M | $-17.78M | $4.50M |
| Income Before Tax | $-1.42M | $-7.33M | $226.00K | $-5.03M | $-2.31M | $-7.54M | $-8.79M | $-10.67M | $-8.22M | $-8.39M | $-10.18M | $-12.67M | $-17.85M | $-15.27M | $-14.84M | $-14.11M | $-23.65M | $-1.27M |
| Income Tax Expense | $1.21M | $424.00K | $1.34M | $1.57M | $1.30M | $2.46M | $2.31M | $1.40M | $2.51M | $2.38M | $2.62M | $2.11M | $1.59M | $2.08M | $2.09M | $1.82M | $1.50M | $1.45M |
| Net Income | $-2.63M | $-7.75M | $-1.12M | $-6.61M | $-3.61M | $-10.00M | $-11.10M | $-12.07M | $-10.73M | $-10.78M | $-12.79M | $-14.78M | $-19.44M | $-17.35M | $-16.93M | $-15.93M | $-25.15M | $-2.72M |
| Net Margin % | -6.0% | -17.4% | -2.4% | -14.5% | -8.1% | -22.7% | -24.8% | -27.1% | -24.6% | -24.6% | -29.6% | -33.5% | -47.4% | -41.3% | -40.6% | -37.3% | -58.5% | -6.5% |
| Basic EPS | 0.02 | 0.05 | -0.01 | -0.38 | 0.02 | 0.07 | -0.08 | -0.59 | 0.08 | -0.08 | -0.09 | -0.94 | -0.15 | -0.13 | -0.13 | 0.05 | nan | 0.24 |
| Diluted EPS | nan | -0.05 | nan | nan | nan | -0.07 | nan | nan | 0.08 | -0.08 | nan | nan | 0.15 | -0.13 | -0.13 | nan | nan | 0.37 |
| Basic Shares Outstanding | - | 153.5M | 154.0M | 851K | 149.3M | 147.6M | 144.3M | 1.2M | 139.2M | 136.8M | 135.1M | 447K | 132.2M | 129.7M | 127.8M | 19.4M | - | 25.8M |
| Diluted Shares Outstanding | - | - | - | - | - | - | - | - | 139.2M | - | - | - | 132.2M | 129.7M | 127.8M | - | - | 32.8M |
| 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $41.51M | $35.45M | $31.70M | $33.06M | $36.84M | $34.27M | $31.57M | $36.68M | $34.07M | $40.18M | $41.58M | $44.62M | $52.64M | $55.66M | $119.54M | $143.95M | $179.74M | $29.77M |
| Short-term Investments | $30.69M | $35.76M | $31.22M | $48.27M | $40.87M | $34.03M | $37.29M | $32.69M | $35.08M | $29.43M | $34.39M | $41.34M | $39.74M | $34.89M | - | - | - | - |
| Accounts Receivable | $20.26M | $21.24M | $18.21M | $19.98M | $22.65M | $22.12M | $17.84M | $23.31M | $21.86M | $29.76M | $18.23M | $28.79M | $23.27M | $32.21M | $19.84M | $17.51M | $24.19M | $23.75M |
| Other Current Assets | $11.05M | $12.31M | $9.94M | $9.48M | $7.92M | $7.52M | $8.30M | $8.41M | $7.43M | $7.40M | $8.08M | $7.52M | $7.86M | $7.49M | $8.14M | $5.11M | - | - |
| Total Current Assets | $112.47M | $114.42M | $101.40M | $121.56M | $118.55M | $108.33M | $105.42M | $111.73M | $109.05M | $117.54M | $112.96M | $133.03M | $133.97M | $140.74M | $156.83M | $175.65M | $220.46M | $65.78M |
| Property Plant & Equipment | $13.29M | $14.28M | $15.24M | $16.19M | $17.06M | $18.07M | $19.01M | $20.11M | $20.76M | $20.10M | $18.71M | $15.14M | $13.77M | $12.22M | $11.13M | $9.50M | $8.24M | $7.26M |
| Goodwill | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $11.07M | $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 | $572.00K | $689.00K | $808.00K | $929.00K | $1.08M | $1.24M | $1.39M | $1.53M | $1.70M | $1.91M | $2.13M | $2.35M |
| Long-term Investments | $11.90M | $4.13M | $18.00M | $3.38M | $2.23M | $2.95M | $4.90M | $5.84M | $1.90M | $1.01M | $1.02M | - | $1.97M | $3.42M | - | - | - | - |
| Other Non-current Assets | $3.60M | $3.44M | $3.12M | $2.98M | $2.92M | $2.84M | $2.88M | $3.10M | $2.91M | $2.86M | $2.98M | $3.18M | $3.41M | $3.56M | $2.71M | $2.54M | $2.37M | $4.95M |
| Total Assets | $172.62M | $169.45M | $172.80M | $181.31M | $178.58M | $171.30M | $173.08M | $183.74M | $179.52M | $188.91M | $185.81M | $206.17M | $210.81M | $219.14M | $209.31M | $223.29M | $267.47M | $112.14M |
| Accounts Payable | $4.86M | $9.19M | $8.31M | - | $5.82M | $7.05M | $8.07M | - | $4.43M | $10.57M | $8.21M | - | $6.41M | $8.02M | $4.95M | $6.48M | $4.42M | $5.20M |
| Deferred Revenue | $61.05M | $55.08M | $53.88M | $63.12M | $63.21M | $55.46M | $53.91M | $62.36M | $59.24M | $57.07M | $50.49M | $59.84M | $58.28M | $51.90M | $48.76M | $51.69M | $63.01M | $59.07M |
| Total Current Liabilities | $100.73M | $97.97M | $95.82M | $101.66M | $106.12M | $98.49M | $96.94M | $99.91M | $127.03M | $131.73M | $124.92M | $108.84M | $103.18M | $97.53M | $92.38M | $98.09M | $108.00M | $101.78M |
| Long-term Debt | $25.33M | $26.62M | $27.89M | $29.15M | $30.48M | $31.11M | $31.74M | $33.05M | - | - | - | $30.00M | $31.45M | $32.90M | $34.35M | $35.80M | $58.99M | $59.75M |
| Other Non-current Liabilities | $14.17M | $12.83M | $12.01M | $10.77M | $2.11M | $2.06M | $2.07M | $2.29M | $2.15M | $2.17M | $2.25M | $2.02M | $2.00M | $2.10M | $2.33M | $2.19M | $2.39M | $2.33M |
| Total Liabilities | $154.89M | $152.49M | $150.14M | $156.92M | $154.44M | $147.83M | $147.94M | $153.42M | $147.34M | $153.38M | $147.84M | $162.82M | $159.31M | $156.07M | $134.39M | $138.02M | $171.13M | $219.47M |
| Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.00K |
| Retained Earnings | $-480.31M | $-477.68M | $-469.93M | $-468.81M | $-462.20M | $-458.60M | $-448.59M | $-437.50M | $-425.43M | $-414.70M | $-403.92M | $-391.13M | $-376.35M | $-356.91M | $-339.56M | $-322.63M | $-306.71M | $-281.56M |
| Treasury Stock | $17.40M | $17.40M | $10.12M | $7.80M | $7.11M | $4.97M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M | $4.88M |
| Total Stockholders Equity | $17.73M | $16.95M | $22.66M | $24.39M | $24.14M | $23.48M | $25.14M | $30.32M | $32.18M | $35.52M | $37.97M | $43.35M | $51.50M | $63.07M | $74.92M | $85.27M | $96.34M | $-268.60M |
| Total Liabilities & Equity | $172.62M | $169.45M | $172.80M | $181.31M | $178.58M | $171.30M | $173.08M | $183.74M | $179.52M | $188.91M | $185.81M | $206.17M | $210.81M | $219.14M | $209.31M | $223.29M | $267.47M | $112.14M |
| 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.63M | $-7.75M | $-1.12M | $-6.61M | $-3.61M | $-21.10M | $-11.10M | $-12.07M | $-34.30M | $-10.78M | $-12.79M | $-14.78M | $-19.44M | $-17.35M | $-16.93M | $-15.93M | $-43.42M | $-2.72M |
| Depreciation & Amortization | $3.38M | $2.28M | $1.19M | $1.23M | $3.83M | $2.58M | $1.30M | $1.31M | $3.41M | $2.15M | $1.01M | $833.00K | $1.87M | $1.35M | $615.00K | $617.00K | $1.79M | $1.20M |
| Stock-based Compensation | $12.68M | $8.62M | $4.53M | $5.20M | $21.07M | $15.43M | $6.53M | $8.02M | $21.96M | $14.58M | $7.16M | $5.82M | $17.83M | $11.73M | $5.68M | $4.16M | $12.91M | $9.17M |
| Change in Receivables | $280.00K | $1.26M | $-1.77M | $-2.67M | $-666.00K | $-1.20M | $-5.47M | $1.45M | $-6.92M | $978.00K | $-10.55M | $5.52M | $5.76M | $14.70M | $2.33M | $-6.00M | $7.05M | $6.61M |
| Change in Payables | $1.78M | $6.10M | $5.22M | - | $2.18M | $3.45M | $4.45M | - | $-5.58M | $1.08M | $-1.45M | - | $98.00K | $1.64M | $-1.50M | $3.04M | $849.00K | $-177.00K |
| Operating Cash Flow | $10.89M | $1.61M | $-1.05M | $4.31M | $7.92M | $-2.75M | $-1.15M | $1.60M | $-9.90M | $-11.56M | $-7.43M | $-5.85M | $-40.98M | $-42.13M | $-19.59M | $-10.74M | $-11.37M | $-5.70M |
| Capital Expenditure | $534.00K | $423.00K | $297.00K | $100.00K | $421.00K | $327.00K | $93.00K | $815.00K | $1.79M | $1.59M | $852.00K | $214.00K | $1.00M | $761.00K | $445.00K | $296.00K | $1.58M | $956.00K |
| Investing Cash Flow | $8.87M | $11.62M | $2.25M | $-8.23M | $-4.18M | $1.76M | $-3.52M | $-2.66M | $1.08M | $7.71M | $5.08M | $-553.00K | $-49.20M | $-44.08M | $-4.06M | $-1.47M | $-3.77M | $-2.29M |
| Debt Repayment | $2.19M | $1.53M | $875.00K | $437.00K | $1.75M | $1.31M | $875.00K | - | $4.50M | $3.00M | $1.50M | $750.00K | $2.25M | $1.50M | $750.00K | $22.75M | $29.08M | $28.83M |
| 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 | $-781.00K | $3.38M | $-3.28M | $-2.19M | $-922.00K | $-464.00K | $-65.00K | $-1.00M | $-759.00K | $-23.57M | $166.93M | $9.81M |
| Net Change in Cash | $8.45M | $2.39M | $-1.36M | $-3.78M | $156.00K | $-2.42M | $-5.12M | $2.61M | $-11.66M | $-5.55M | $-3.08M | $-8.29M | $-90.25M | $-87.21M | $-24.41M | $-35.78M | $151.79M | $1.82M |
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.