$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $79.70M | $82.16M | $77.66M | $71.29M | $27.67M | $73.02M | $79.75M |
| Revenue Growth % (YoY) | 188.1% | 12.5% | -2.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $16.27M | $16.95M | $15.92M | $14.92M | $-16.03M | $21.04M | $23.64M |
| Gross Profit | $63.43M | $65.21M | $61.74M | $56.37M | $43.70M | $51.98M | $56.12M |
| Gross Margin % | 79.6% | 79.4% | 79.5% | 79.1% | 157.9% | 71.2% | 70.4% |
| Operating Expenses | $70.11M | $69.60M | $66.98M | $61.80M | $28.45M | $76.85M | $70.41M |
| Selling General & Admin | $15.00M | $14.87M | $13.25M | $13.54M | $9.34M | $14.54M | $15.44M |
| Operating Income | $-6.68M | $-4.39M | $-5.25M | $-5.43M | $15.25M | $-24.87M | $-14.29M |
| Operating Margin % | -8.4% | -5.3% | -6.8% | -7.6% | 55.1% | -34.1% | -17.9% |
| Interest Expense | $317.00K | $477.00K | $496.00K | $514.00K | $439.00K | $629.00K | $652.00K |
| Other Income/Expense | $1.54M | $583.00K | $596.00K | $790.00K | $601.00K | $730.00K | $998.00K |
| Income Before Tax | $-5.57M | $-4.28M | $-5.14M | $-5.16M | $15.29M | $-24.77M | $-13.95M |
| Income Tax Expense | $5.00K | $-34.00K | $31.00K | $57.00K | $8.00K | $4.00K | $6.00K |
| Net Income | $-5.58M | $-4.25M | $-5.18M | $-5.21M | $-21.71M | $-24.77M | $-13.95M |
| Net Margin % | -7.0% | -5.2% | -6.7% | -7.3% | -78.5% | -33.9% | -17.5% |
| Basic EPS | -0.05 | -0.03 | -0.04 | -0.04 | -0.19 | -0.22 | -0.13 |
| Diluted EPS | -0.05 | -0.03 | -0.04 | -0.04 | -0.19 | -0.22 | -0.13 |
| Basic Shares Outstanding | - | 123.9M | 120.3M | 116.7M | 906K | 112.9M | 111.0M |
| Diluted Shares Outstanding | - | 123.9M | 120.3M | 116.7M | 906K | 112.9M | 111.0M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $38.63M | $46.22M | $40.97M | $41.06M | $31.85M | $43.72M | $44.76M |
| Accounts Receivable | $2.44M | $3.73M | $3.80M | $4.23M | $3.57M | $5.72M | $5.89M |
| Inventory | - | - | - | - | $690.00K | $7.38M | $10.31M |
| Other Current Assets | $6.11M | $5.67M | $9.37M | $9.45M | $8.49M | $4.98M | $6.70M |
| Total Current Assets | $56.68M | $60.50M | $60.74M | $60.46M | $56.92M | $73.36M | $78.18M |
| Property Plant & Equipment | $67.24M | $67.90M | $67.65M | $67.52M | $68.48M | $76.43M | $82.84M |
| Goodwill | $10.75M | $10.75M | $10.75M | $10.75M | $10.75M | $12.12M | $11.61M |
| Intangible Assets | - | - | - | - | - | $2.00M | $6.63M |
| Other Non-current Assets | $7.20M | $5.98M | $5.96M | $6.00M | $6.22M | $6.23M | $6.33M |
| Total Assets | $167.25M | $172.47M | $173.60M | $172.50M | $171.22M | $214.94M | $231.21M |
| Accounts Payable | $10.33M | $12.33M | $11.16M | $13.00M | $8.33M | $13.12M | $10.90M |
| Accrued Liabilities | $24.51M | $26.28M | $26.93M | $28.38M | $29.86M | $34.17M | $34.21M |
| Deferred Revenue | $1.57M | - | - | - | $3.33M | - | - |
| Total Current Liabilities | $62.38M | $65.53M | $63.17M | $65.61M | $61.52M | $76.40M | $73.65M |
| Long-term Debt | $14.28M | $15.25M | $16.22M | $17.18M | $18.15M | $19.12M | $20.08M |
| Other Non-current Liabilities | $2.82M | $2.56M | $2.51M | $2.49M | $2.76M | $3.01M | $2.92M |
| Total Liabilities | $108.05M | $113.40M | $113.40M | $116.42M | $114.92M | $145.67M | $144.72M |
| Common Stock | $12.00K | $12.00K | $12.00K | $11.00K | $11.00K | $11.00K | $11.00K |
| Retained Earnings | $-576.08M | $-570.50M | $-566.25M | $-561.08M | $-555.86M | $-534.15M | $-509.38M |
| Total Stockholders Equity | $59.19M | $59.07M | $60.21M | $56.08M | $56.30M | $69.27M | $86.49M |
| Total Liabilities & Equity | $167.25M | $172.47M | $173.60M | $172.50M | $171.22M | $214.94M | $231.21M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-5.58M | $-4.25M | $-5.18M | $-5.21M | $-21.71M | $-55.28M | $-30.51M |
| Depreciation & Amortization | $3.45M | $9.47M | $6.33M | $3.17M | $2.83M | $14.50M | $9.80M |
| Stock-based Compensation | $4.54M | $14.46M | $10.02M | $5.52M | $5.16M | $20.69M | $14.22M |
| Change in Receivables | $-1.29M | $158.00K | $232.00K | $667.00K | $621.00K | $-2.10M | $-1.84M |
| Change in Inventory | - | - | - | - | $6.17M | $-8.30M | $-5.03M |
| Change in Payables | $-2.96M | $4.38M | $2.75M | $4.72M | $786.00K | $3.12M | $1.10M |
| Operating Cash Flow | - | - | - | - | - | $-232.00K | $-3.58M |
| Capital Expenditure | $1.73M | $8.74M | $5.09M | $1.81M | $1.22M | $5.36M | $2.79M |
| Sales of Investments | - | - | - | - | $6.50M | $21.60M | $13.00M |
| Investing Cash Flow | - | - | - | - | - | $-8.44M | $-4.94M |
| Debt Repayment | $1.00M | $3.00M | $2.00M | $1.00M | $1.00M | $3.00M | $2.00M |
| Financing Cash Flow | $51.00K | $-448.00K | $2.08M | $-1.59M | $-467.00K | $-3.92M | $-2.66M |
| Net Change in Cash | $-7.68M | $10.77M | $9.14M | $9.23M | $-8.51M | $-12.47M | $-11.34M |
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.