$310.81M
Revenue
$-20.21M
Net Income
79.39%
Gross Margin
-7.00%
Op. Margin
-
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $79.70M | $82.16M | $77.66M | $71.29M | $27.67M | $73.02M | $79.75M | $79.59M | $81.39M | $82.05M | $82.66M | $75.92M | $71.32M | $67.94M |
| Revenue Growth % (YoY) | 188.1% | 12.5% | -2.6% | -10.4% | -66.0% | -11.0% | -3.5% | 4.8% | 14.1% | 20.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $16.27M | $16.95M | $15.92M | $14.92M | $-16.03M | $21.04M | $23.64M | $24.26M | $31.04M | $25.42M | $26.93M | $24.83M | $26.35M | $23.45M |
| Gross Profit | $63.43M | $65.21M | $61.74M | $56.37M | $43.70M | $51.98M | $56.12M | $55.33M | $50.35M | $56.63M | $55.73M | $51.09M | $44.97M | $44.50M |
| Gross Margin % | 79.6% | 79.4% | 79.5% | 79.1% | 157.9% | 71.2% | 70.4% | 69.5% | 61.9% | 69.0% | 67.4% | 67.3% | 63.1% | 65.5% |
| Operating Expenses | $70.11M | $69.60M | $66.98M | $61.80M | $28.45M | $76.85M | $70.41M | $72.04M | $65.10M | $74.82M | $74.44M | $71.28M | $61.35M | $68.69M |
| Selling General & Admin | $15.00M | $14.87M | $13.25M | $13.54M | $9.34M | $14.54M | $15.44M | $17.57M | $15.51M | $15.06M | $16.03M | $16.06M | $14.54M | $15.23M |
| Operating Income | $-6.68M | $-4.39M | $-5.25M | $-5.43M | $15.25M | $-24.87M | $-14.29M | $-16.71M | $-14.75M | $-18.19M | $-18.71M | $-20.18M | $-16.39M | $-24.19M |
| Operating Margin % | -8.4% | -5.3% | -6.8% | -7.6% | 55.1% | -34.1% | -17.9% | -21.0% | -18.1% | -22.2% | -22.6% | -26.6% | -23.0% | -35.6% |
| Interest Expense | $317.00K | $477.00K | $496.00K | $514.00K | $439.00K | $629.00K | $652.00K | $677.00K | $709.00K | $732.00K | $721.00K | $77.00K | $41.00K | $103.00K |
| Other Income/Expense | $1.54M | $583.00K | $596.00K | $790.00K | $601.00K | $730.00K | $998.00K | $845.00K | $841.00K | $845.00K | $685.00K | $476.00K | $-3.06M | $624.00K |
| Income Before Tax | $-5.57M | $-4.28M | $-5.14M | $-5.16M | $15.29M | $-24.77M | $-13.95M | $-16.54M | $-14.62M | $-18.08M | $-18.75M | $-19.78M | $-19.50M | $-23.67M |
| Income Tax Expense | $5.00K | $-34.00K | $31.00K | $57.00K | $8.00K | $4.00K | $6.00K | $11.00K | $-5.00K | $3.00K | $12.00K | $9.00K | $4.00K | $9.00K |
| Net Income | $-5.58M | $-4.25M | $-5.18M | $-5.21M | $-21.71M | $-24.77M | $-13.95M | $-16.55M | $-14.61M | $-18.08M | $-18.76M | $-19.79M | $-19.50M | $-23.68M |
| Net Margin % | -7.0% | -5.2% | -6.7% | -7.3% | -78.5% | -33.9% | -17.5% | -20.8% | -18.0% | -22.0% | -22.7% | -26.1% | -27.3% | -34.8% |
| Basic EPS | -0.05 | -0.03 | -0.04 | -0.04 | -0.19 | -0.22 | -0.13 | -0.15 | -0.14 | -0.17 | -0.18 | -0.19 | -0.19 | -0.24 |
| Diluted EPS | -0.05 | -0.03 | -0.04 | -0.04 | -0.19 | -0.22 | -0.13 | -0.15 | -0.14 | -0.17 | -0.18 | -0.19 | -0.19 | -0.24 |
| Basic Shares Outstanding | - | 123.9M | 120.3M | 116.7M | 906K | 112.9M | 111.0M | 109.3M | 957K | 105.9M | 103.9M | 102.0M | 408K | 100.3M |
| Diluted Shares Outstanding | - | 123.9M | 120.3M | 116.7M | 906K | 112.9M | 111.0M | 109.3M | 957K | 105.9M | 103.9M | 102.0M | 408K | 100.3M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $38.63M | $46.22M | $40.97M | $41.06M | $31.85M | $43.72M | $44.76M | $50.11M | $56.08M | $68.55M | $51.07M | $50.74M | $38.03M | $36.71M |
| Accounts Receivable | $2.44M | $3.73M | $3.80M | $4.23M | $3.57M | $5.72M | $5.89M | $6.93M | $7.81M | $5.99M | $3.78M | $4.23M | $4.67M | $3.17M |
| Inventory | - | - | - | - | $690.00K | $7.38M | $10.31M | $11.58M | $15.69M | $18.17M | $20.36M | $20.93M | $17.52M | $15.00M |
| Other Current Assets | $6.11M | $5.67M | $9.37M | $9.45M | $8.49M | $4.98M | $6.70M | $5.83M | $6.20M | $7.20M | $8.24M | $6.34M | $7.08M | $10.13M |
| Total Current Assets | $56.68M | $60.50M | $60.74M | $60.46M | $56.92M | $73.36M | $78.18M | $86.86M | $93.89M | $105.49M | $109.31M | $124.97M | $134.19M | $151.52M |
| Property Plant & Equipment | $67.24M | $67.90M | $67.65M | $67.52M | $68.48M | $76.43M | $82.84M | $85.08M | $87.67M | $90.27M | $93.79M | $95.81M | $92.48M | $89.53M |
| Goodwill | $10.75M | $10.75M | $10.75M | $10.75M | $10.75M | $12.12M | $11.61M | $11.68M | $11.96M | $11.46M | $11.76M | $11.80M | $11.59M | $10.64M |
| Intangible Assets | - | - | - | - | - | $2.00M | $6.63M | $7.33M | $8.16M | $8.46M | $9.35M | $10.04M | $10.50M | $10.24M |
| Other Non-current Assets | $7.20M | $5.98M | $5.96M | $6.00M | $6.22M | $6.23M | $6.33M | $6.20M | $6.18M | $6.62M | $6.87M | $6.96M | $7.03M | $10.90M |
| Total Assets | $167.25M | $172.47M | $173.60M | $172.50M | $171.22M | $214.94M | $231.21M | $244.28M | $249.97M | $265.39M | $276.33M | $294.77M | $301.95M | $319.59M |
| Accounts Payable | $10.33M | $12.33M | $11.16M | $13.00M | $8.33M | $13.12M | $10.90M | $9.13M | $9.46M | $12.43M | $8.78M | $12.75M | $7.80M | $8.64M |
| Accrued Liabilities | $24.51M | $26.28M | $26.93M | $28.38M | $29.86M | $34.17M | $34.21M | $37.54M | $35.93M | $40.23M | $43.33M | $47.98M | $50.16M | $53.37M |
| Deferred Revenue | $1.57M | - | - | - | $3.33M | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $62.38M | $65.53M | $63.17M | $65.61M | $61.52M | $76.40M | $73.65M | $77.07M | $76.67M | $84.38M | $81.25M | $88.27M | $84.41M | $89.51M |
| Long-term Debt | $14.28M | $15.25M | $16.22M | $17.18M | $18.15M | $19.12M | $20.08M | $21.04M | $22.01M | $22.97M | $23.93M | $24.83M | $25.79M | $26.86M |
| Other Non-current Liabilities | $2.82M | $2.56M | $2.51M | $2.49M | $2.76M | $3.01M | $2.92M | $2.88M | $2.75M | $3.23M | $3.20M | $3.07M | $3.02M | $2.90M |
| Total Liabilities | $108.05M | $113.40M | $113.40M | $116.42M | $114.92M | $145.67M | $144.72M | $150.75M | $146.05M | $155.84M | $155.73M | $163.68M | $161.95M | $169.90M |
| Common Stock | $12.00K | $12.00K | $12.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $10.00K | $10.00K | $10.00K |
| Retained Earnings | $-576.08M | $-570.50M | $-566.25M | $-561.08M | $-555.86M | $-534.15M | $-509.38M | $-495.43M | $-478.88M | $-464.26M | $-446.18M | $-427.42M | $-407.63M | $-388.13M |
| Total Stockholders Equity | $59.19M | $59.07M | $60.21M | $56.08M | $56.30M | $69.27M | $86.49M | $93.53M | $103.92M | $109.55M | $120.60M | $131.09M | $140.00M | $149.69M |
| Total Liabilities & Equity | $167.25M | $172.47M | $173.60M | $172.50M | $171.22M | $214.94M | $231.21M | $244.28M | $249.97M | $265.39M | $276.33M | $294.77M | $301.95M | $319.59M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $-5.58M | $-4.25M | $-5.18M | $-5.21M | $-21.71M | $-55.28M | $-30.51M | $-16.55M | $-14.61M | $-18.08M | $-18.76M | $-19.79M | $-19.50M | $-72.78M |
| Depreciation & Amortization | $3.45M | $9.47M | $6.33M | $3.17M | $2.83M | $14.50M | $9.80M | $4.93M | $4.85M | $13.88M | $8.52M | $3.68M | $3.82M | $10.22M |
| Stock-based Compensation | $4.54M | $14.46M | $10.02M | $5.52M | $5.16M | $20.69M | $14.22M | $7.21M | $6.78M | $24.91M | $17.02M | $9.39M | $6.06M | $20.76M |
| Change in Receivables | $-1.29M | $158.00K | $232.00K | $667.00K | $621.00K | $-2.10M | $-1.84M | $-815.00K | $1.75M | $1.37M | $-916.00K | $-1.01M | $1.32M | $-795.00K |
| Change in Inventory | - | - | - | - | $6.17M | $-8.30M | $-5.03M | $-3.83M | $-3.08M | $873.00K | $2.67M | $3.16M | $1.66M | $6.22M |
| Change in Payables | $-2.96M | $4.38M | $2.75M | $4.72M | $786.00K | $3.12M | $1.10M | $-223.00K | $-2.35M | $4.05M | $177.00K | $4.10M | $-985.00K | $-3.00M |
| Operating Cash Flow | - | - | - | - | - | $-232.00K | $-3.58M | $1.39M | $-7.97M | $-14.62M | $-14.84M | $-4.46M | $-15.17M | $-36.94M |
| Capital Expenditure | $1.73M | $8.74M | $5.09M | $1.81M | $1.22M | $5.36M | $2.79M | $1.62M | $2.21M | $13.78M | $12.29M | $5.68M | $3.94M | $39.32M |
| Sales of Investments | - | - | - | - | $6.50M | $21.60M | $13.00M | $4.50M | $5.60M | $71.98M | $49.48M | $24.58M | $19.82M | $35.83M |
| Investing Cash Flow | - | - | - | - | - | $-8.44M | $-4.94M | $-5.79M | $-4.67M | $48.35M | $29.31M | $18.90M | $15.88M | $-6.96M |
| Debt Repayment | $1.00M | $3.00M | $2.00M | $1.00M | $1.00M | $3.00M | $2.00M | $1.00M | $1.00M | $3.00M | $2.00M | $1.00M | $1.00M | $5.33M |
| Financing Cash Flow | $51.00K | $-448.00K | $2.08M | $-1.59M | $-467.00K | $-3.92M | $-2.66M | $-1.48M | $-620.00K | $-2.98M | $-1.75M | $-1.19M | $-1.01M | $-2.92M |
| Net Change in Cash | $-7.68M | $10.77M | $9.14M | $9.23M | $-8.51M | $-12.47M | $-11.34M | $-5.99M | $-13.11M | $30.52M | $13.04M | $12.71M | $-49.00K | $-47.74M |
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 | $82.16M | - | $231.11M | - |
| Cost of Revenue | $16.95M | - | $47.79M | - |
| Gross Profit | $65.21M | - | $183.32M | - |
| Operating Expenses | $69.60M | - | $198.39M | - |
| Selling General & Admin | $14.87M | - | $41.66M | - |
| Operating Income | $-4.39M | - | $-15.07M | - |
| Interest Expense | $477.00K | - | $1.49M | - |
| Other Income/Expense | $583.00K | - | $1.97M | - |
| Income Before Tax | $-4.28M | - | $-14.59M | - |
| Income Tax Expense | $-34.00K | - | $54.00K | - |
| Net Income | $-4.25M | $-13.95M | $-14.64M | - |
| Basic EPS | -0.03 | - | -0.12 | - |
| Diluted EPS | -0.03 | - | -0.12 | - |
| Basic Shares Outstanding | $123.90M | - | $120.32M | - |
| Diluted Shares Outstanding | $123.90M | - | $120.32M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $46.22M | $31.85M |
| Accounts Receivable | $3.73M | $3.57M |
| Other Current Assets | $5.67M | $9.18M |
| Total Current Assets | $60.50M | $56.92M |
| Property Plant & Equipment | $67.90M | $68.48M |
| Goodwill | $10.75M | $10.75M |
| Other Non-current Assets | $5.98M | $6.22M |
| Total Assets | $172.47M | $171.22M |
| Accounts Payable | $12.33M | $8.33M |
| Accrued Liabilities | $26.28M | $29.86M |
| Total Current Liabilities | $65.53M | $61.52M |
| Long-term Debt | $15.25M | $18.15M |
| Other Non-current Liabilities | $2.56M | $2.76M |
| Total Liabilities | $113.40M | $114.92M |
| Common Stock | $12.00K | $11.00K |
| Retained Earnings | $-570.50M | $-555.86M |
| Total Stockholders Equity | $59.07M | $56.30M |
| Total Liabilities & Equity | $172.47M | $171.22M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.25M | $-13.95M | $-14.64M | - |
| Depreciation & Amortization | - | - | $9.47M | - |
| Stock-based Compensation | - | - | $14.46M | - |
| Change in Receivables | - | - | $158.00K | - |
| Change in Payables | - | - | $4.38M | - |
| Capital Expenditure | - | - | $8.74M | - |
| Debt Repayment | - | - | $3.00M | - |
| Financing Cash Flow | - | - | $-448.00K | - |
| Net Change in Cash | - | - | $10.77M | - |
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.