$56.20M
Revenue
$19.49M
Net Income
50.58%
Gross Margin
-70.14%
Op. Margin
$-60.91M
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 | $17.38M | $14.01M | $13.04M | $11.78M | $14.34M | $16.77M | $14.05M |
| Revenue Growth % (YoY) | 21.2% | -16.5% | -7.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $8.23M | $6.65M | $6.66M | $6.24M | $7.67M | $8.44M | $6.63M |
| Gross Profit | $9.15M | $7.36M | $6.37M | $5.54M | $6.67M | $8.33M | $7.42M |
| Gross Margin % | 52.7% | 52.5% | 48.9% | 47.0% | 46.5% | 49.7% | 52.8% |
| Operating Expenses | $6.06M | $23.68M | $21.53M | $16.57M | $23.42M | $38.55M | $20.98M |
| Research & Development | $3.50M | $3.84M | $4.41M | $3.83M | $3.90M | $6.79M | $6.38M |
| Selling General & Admin | $8.82M | $9.13M | $10.34M | $10.24M | $10.46M | $13.38M | $14.60M |
| Operating Income | $3.09M | $-16.32M | $-15.16M | $-11.03M | $-16.75M | $-30.22M | $-13.56M |
| Operating Margin % | 17.8% | -116.6% | -116.3% | -93.6% | -116.8% | -180.2% | -96.5% |
| Other Income/Expense | $-117.00K | $-89.00K | $-108.00K | $-33.00K | $-28.00K | $-29.00K | $-190.00K |
| Income Before Tax | $4.21M | $-14.88M | $-12.84M | - | $-16.02M | $-29.37M | $-12.62M |
| Income Tax Expense | $-166.00K | $29.00K | $71.00K | - | $-71.00K | $-72.00K | $-69.00K |
| Net Income | $4.17M | $-14.98M | $-13.31M | $43.60M | $-19.45M | $-29.30M | $-12.55M |
| Net Margin % | 24.0% | -107.0% | -102.1% | 370.2% | -135.6% | -174.7% | -89.3% |
| Basic EPS | nan | -0.41 | -0.37 | 1.23 | nan | -0.84 | -0.37 |
| Diluted EPS | nan | -0.41 | -0.37 | 1.23 | nan | -0.84 | -0.37 |
| Basic Shares Outstanding | - | 36.1M | 35.9M | 35.4M | - | 34.7M | 34.1M |
| Diluted Shares Outstanding | - | 36.1M | 35.9M | 35.4M | - | 34.7M | 34.1M |
| 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 | $70.52M | $62.80M | $61.75M | $79.16M | $44.03M | $45.02M | $46.81M |
| Short-term Investments | $42.45M | $49.25M | $56.83M | $45.15M | $25.57M | $26.66M | $30.57M |
| Accounts Receivable | $11.33M | $11.00M | $6.21M | $6.93M | $8.85M | $16.66M | $10.99M |
| Inventory | $12.99M | $15.33M | $15.46M | $12.74M | $10.89M | $17.83M | $18.59M |
| Other Current Assets | $7.27M | $6.56M | $7.61M | $5.02M | $4.18M | $2.75M | $3.48M |
| Total Current Assets | $144.56M | $144.94M | $147.87M | $149.00M | $103.06M | $108.93M | $110.44M |
| Property Plant & Equipment | $4.23M | $4.15M | $1.65M | $1.51M | $1.59M | $3.67M | $3.56M |
| Goodwill | - | - | - | - | - | $10.14M | $40.22M |
| Intangible Assets | $36.41M | $37.14M | $37.25M | $37.97M | $38.68M | $46.68M | $47.30M |
| Other Non-current Assets | $471.00K | $494.00K | $636.00K | $3.97M | $511.00K | $1.39M | $1.35M |
| Total Assets | $190.07M | $190.87M | $191.70M | $196.03M | $159.48M | $178.28M | $208.77M |
| Accounts Payable | $1.59M | $1.81M | $3.58M | $3.85M | $1.37M | $1.90M | $1.97M |
| Accrued Liabilities | $6.84M | $7.07M | $5.29M | $4.96M | $7.20M | $7.67M | $5.64M |
| Deferred Revenue | $8.93M | $9.11M | $8.83M | $9.70M | $10.42M | $13.86M | $11.95M |
| Total Current Liabilities | $34.06M | $41.48M | $29.71M | $19.56M | $25.15M | $25.72M | $21.72M |
| Deferred Tax Liabilities | - | - | - | - | $2.03M | $2.26M | $2.23M |
| Other Non-current Liabilities | $30.00K | $30.00K | - | $4.78M | $2.28M | $3.36M | $15.50M |
| Total Liabilities | $46.37M | $54.57M | $42.88M | $36.60M | $44.88M | $47.24M | $52.41M |
| Common Stock | $36.00K | $36.00K | $36.00K | $36.00K | $35.00K | $35.00K | $35.00K |
| Retained Earnings | $-223.32M | $-227.49M | $-212.51M | $-199.20M | $-242.81M | $-223.36M | $-194.06M |
| Total Stockholders Equity | $143.70M | $136.30M | $148.82M | $159.42M | $114.59M | $131.04M | $156.36M |
| Total Liabilities & Equity | $190.07M | $190.87M | $191.70M | $196.03M | $159.48M | $178.28M | $208.77M |
| 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 | $4.17M | $-14.98M | $-13.31M | $43.60M | $-19.45M | $-29.30M | $-12.55M |
| Depreciation & Amortization | $1.11M | $3.35M | $2.26M | $1.29M | $1.44M | $3.25M | $1.83M |
| Stock-based Compensation | $2.77M | $7.08M | $4.70M | $2.37M | $2.83M | $8.94M | $5.74M |
| Deferred Income Tax | - | - | - | - | $-73.00K | $-210.00K | $-138.00K |
| Change in Receivables | $326.00K | $-546.00K | $-5.33M | $-4.61M | $-3.97M | $6.90M | $1.26M |
| Change in Inventory | $-1.73M | $5.46M | $5.15M | $2.09M | $-1.33M | $3.00M | $3.07M |
| Operating Cash Flow | $1.32M | $-25.01M | $-20.80M | $-15.02M | $-2.24M | $-28.00M | $-22.40M |
| Capital Expenditure | $-6.00K | $961.00K | $281.00K | $159.00K | $190.00K | $412.00K | $256.00K |
| Purchases of Investments | $9.73M | $54.28M | $59.42M | $24.32M | $14.62M | $40.88M | $30.21M |
| Investing Cash Flow | $6.81M | $43.94M | $38.73M | $50.31M | $780.00K | $-47.10M | $-50.89M |
| Financing Cash Flow | $-414.00K | $-283.00K | $-267.00K | $-189.00K | $529.00K | $-905.00K | $-928.00K |
| Net Change in Cash | $7.71M | $18.67M | $17.68M | $35.13M | $-993.00K | $-76.02M | $-74.23M |
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 | $14.01M | - | $38.82M | - |
| Cost of Revenue | $6.65M | - | $19.55M | - |
| Gross Profit | $7.36M | - | $19.27M | - |
| Operating Expenses | $23.68M | - | $61.78M | - |
| Research & Development | $3.84M | - | $12.07M | - |
| Selling General & Admin | $9.13M | - | $29.71M | - |
| Operating Income | $-16.32M | - | $-42.51M | - |
| Other Income/Expense | $-89.00K | - | $-229.00K | - |
| Income Before Tax | $-14.88M | - | $-37.55M | - |
| Income Tax Expense | $29.00K | - | $100.00K | - |
| Net Income | $-14.98M | $-12.55M | $15.31M | - |
| Basic EPS | -0.41 | - | 0.43 | - |
| Diluted EPS | -0.41 | - | 0.43 | - |
| Basic Shares Outstanding | $36.10M | - | $35.79M | - |
| Diluted Shares Outstanding | $36.10M | - | $35.79M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $62.80M | $43.35M |
| Short-term Investments | $49.25M | $25.57M |
| Accounts Receivable | $11.00M | $8.85M |
| Inventory | $15.33M | $10.89M |
| Other Current Assets | $6.56M | $4.18M |
| Total Current Assets | $144.94M | $103.06M |
| Property Plant & Equipment | $4.15M | $1.59M |
| Intangible Assets | $37.14M | $38.68M |
| Other Non-current Assets | $494.00K | $511.00K |
| Total Assets | $190.87M | $159.48M |
| Accounts Payable | $1.81M | $1.37M |
| Accrued Liabilities | $7.07M | $7.20M |
| Deferred Revenue | $9.11M | $10.42M |
| Total Current Liabilities | $41.48M | $25.15M |
| Other Non-current Liabilities | $30.00K | $2.28M |
| Total Liabilities | $54.57M | $44.88M |
| Common Stock | $36.00K | $35.00K |
| Retained Earnings | $-227.49M | $-242.81M |
| Total Stockholders Equity | $136.30M | $114.59M |
| Total Liabilities & Equity | $190.87M | $159.48M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.98M | $-12.55M | $15.31M | - |
| Depreciation & Amortization | - | - | $3.35M | - |
| Stock-based Compensation | - | - | $7.08M | - |
| Change in Receivables | - | - | $-546.00K | - |
| Change in Inventory | - | - | $5.46M | - |
| Operating Cash Flow | - | - | $-25.01M | - |
| Capital Expenditure | - | - | $961.00K | - |
| Purchases of Investments | - | - | $54.28M | - |
| Investing Cash Flow | - | - | $43.94M | - |
| Financing Cash Flow | - | - | $-283.00K | - |
| Net Change in Cash | - | - | $18.67M | - |
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.