$60.62M
Revenue
$-13.94M
Net Income
28.17%
Gross Margin
-3.26%
Op. Margin
$3.47M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $13.94M | $15.41M | $14.19M | $17.08M | $14.15M | $13.00M | $12.45M | $15.14M | $15.29M | $12.62M | $1.50M | $5.16M | $5.24M |
| Revenue Growth % (YoY) | -1.5% | 18.5% | 14.0% | 12.8% | -7.4% | 3.1% | 731.0% | 193.5% | 191.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $9.69M | $12.37M | $9.92M | $11.56M | $9.76M | $9.58M | $9.31M | $9.71M | $11.93M | $9.16M | $970.00K | $2.77M | $3.10M |
| Gross Profit | $4.25M | $3.04M | $4.27M | $5.51M | $4.39M | $3.42M | $3.14M | $5.44M | $3.36M | $3.45M | $528.00K | $2.39M | $2.15M |
| Gross Margin % | 30.5% | 19.7% | 30.1% | 32.3% | 31.0% | 26.3% | 25.2% | 35.9% | 22.0% | 27.4% | 35.2% | 46.4% | 40.9% |
| Selling General & Admin | $4.10M | $4.02M | $4.52M | $6.41M | $4.41M | $5.31M | $5.24M | $7.60M | $4.12M | $7.37M | $3.43M | $3.63M | $3.32M |
| Operating Income | $155.00K | $-984.00K | $-252.00K | $-898.00K | $-27.00K | $-1.89M | $-2.11M | $-2.97M | $-17.02M | $-3.92M | $-2.90M | $-1.24M | $-1.18M |
| Operating Margin % | 1.1% | -6.4% | -1.8% | -5.3% | -0.2% | -14.5% | -16.9% | -19.6% | -111.3% | -31.1% | -193.6% | -24.0% | -22.4% |
| Interest Expense | $532.00K | $532.00K | - | $251.00K | $288.00K | $139.00K | - | $264.00K | $161.00K | $161.00K | $789.00K | $57.00K | $744.00K |
| Other Income/Expense | $52.00K | $44.00K | $47.00K | $119.00K | $31.00K | $53.00K | $345.00K | $22.00K | $34.00K | $103.00K | $278.00K | $105.00K | $18.00K |
| Income Before Tax | $-2.83M | $-4.08M | $-3.23M | $-3.79M | $-3.26M | $-5.21M | $-4.77M | $-5.93M | $-19.77M | $-6.07M | $-3.80M | $-2.90M | $-1.92M |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-2.83M | $-4.08M | $-3.23M | $-3.79M | $-3.26M | $-5.21M | $-4.77M | $-5.93M | $-19.77M | $-6.07M | $-3.80M | $-2.90M | $-1.92M |
| Net Margin % | -20.3% | -26.5% | -22.8% | -22.2% | -23.0% | -40.1% | -38.3% | -39.2% | -129.3% | -48.1% | -253.4% | -56.3% | -36.6% |
| Basic EPS | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.03 | -0.04 | -0.12 | -0.04 | -0.03 | -0.01 | -0.01 |
| Diluted EPS | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.03 | -0.04 | -0.12 | -0.04 | -0.03 | -0.09 | nan |
| Basic Shares Outstanding | 175.9M | 176.0M | 176.0M | 61K | 171.1M | 171.1M | 171.2M | 2.2M | 171.3M | 166.8M | 149.7M | 51K | 149.2M |
| Diluted Shares Outstanding | 175.9M | 176.0M | 176.0M | 61K | 171.1M | 171.1M | 171.2M | 2.2M | 171.3M | 166.8M | 149.7M | 51K | - |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $553.00K | $1.68M | $2.18M | $2.55M | $2.49M | $2.65M | $4.92M | $4.00M | $2.78M | $3.35M | $784.00K | $316.00K | $412.00K |
| Accounts Receivable | $14.22M | $14.05M | $14.26M | $15.03M | $12.40M | $12.07M | $12.47M | $14.68M | $16.16M | $15.22M | $1.26M | $3.60M | $3.90M |
| Other Current Assets | $790.00K | $1.22M | $1.32M | $859.00K | $898.00K | $1.23M | $1.18M | $1.06M | $813.00K | $1.42M | $408.00K | $600.00K | $769.00K |
| Total Current Assets | $17.43M | $18.81M | $19.62M | $20.30M | $15.79M | $15.96M | $18.57M | $19.74M | $19.75M | $20.00M | $2.46M | $4.50M | $5.08M |
| Property Plant & Equipment | $61.00K | $90.00K | $66.00K | $69.00K | $102.00K | $138.00K | $161.00K | $199.00K | $176.00K | $214.00K | $38.00K | $40.00K | $37.00K |
| Goodwill | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M | $8.35M | $20.94M | $19.64M | $19.64M | $19.64M |
| Intangible Assets | $11.99M | $12.44M | $12.92M | $13.41M | $13.88M | $14.34M | $14.75M | $15.23M | $16.19M | $19.56M | $4.12M | $4.51M | $4.90M |
| Other Non-current Assets | $159.00K | $159.00K | $158.00K | $158.00K | $159.00K | $158.00K | $158.00K | $156.00K | $187.00K | $187.00K | $187.00K | $137.00K | $240.00K |
| Total Assets | $37.62M | $39.50M | $40.78M | $41.97M | $37.98M | $38.96M | $41.72M | $43.42M | $44.98M | $61.23M | $26.80M | $29.20M | $30.28M |
| Deferred Revenue | $5.30M | $6.59M | $6.38M | $2.88M | $4.77M | $5.81M | $6.27M | $4.57M | $4.49M | $4.86M | $974.00K | $737.00K | $996.00K |
| Other Current Liabilities | $3.08M | $2.52M | $3.90M | $4.40M | $2.79M | $2.51M | $3.03M | $3.02M | $4.70M | $4.79M | $1.76M | $1.84M | $2.14M |
| Total Current Liabilities | $34.71M | $36.10M | $34.44M | $33.78M | $28.75M | $29.24M | $31.83M | $30.80M | $28.39M | $29.01M | $19.44M | $17.85M | $17.82M |
| Other Non-current Liabilities | - | - | - | - | - | - | - | - | $364.00K | - | - | - | - |
| Total Liabilities | $110.98M | $110.12M | $107.16M | $105.20M | $97.60M | $95.38M | $93.04M | $90.08M | $85.75M | $82.35M | $44.60M | $43.27M | $41.80M |
| Common Stock | $1.80M | $1.78M | $1.78M | $1.77M | $1.73M | $1.73M | $1.72M | $1.72M | $1.72M | $1.72M | $1.51M | $1.50M | $1.50M |
| Retained Earnings | $-177.00M | $-174.17M | $-170.09M | $-166.86M | $-163.06M | $-159.81M | $-154.60M | $-149.83M | $-143.90M | $-124.14M | $-118.06M | $-114.27M | $-111.37M |
| Treasury Stock | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K | $220.00K |
| Total Stockholders Equity | $-73.37M | $-70.62M | $-66.38M | $-63.23M | $-59.62M | $-56.41M | $-51.32M | $-46.66M | $-40.77M | $-21.12M | $-17.80M | $-14.07M | $-11.52M |
| Total Liabilities & Equity | $37.62M | $39.50M | $40.78M | $41.97M | $37.98M | $38.96M | $41.72M | $43.42M | $44.98M | $61.23M | $26.80M | $29.20M | $30.28M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.83M | $-7.31M | $-3.23M | $-3.79M | $-3.26M | $-9.97M | $-4.77M | $-5.93M | $-19.77M | $-9.87M | $-3.80M | $-2.90M | $-5.22M |
| Stock-based Compensation | $98.00K | $71.00K | $37.00K | $63.00K | $191.00K | $135.00K | $65.00K | $81.00K | $115.00K | $58.00K | $25.00K | - | $97.00K |
| Change in Receivables | $-706.00K | $-904.00K | $-762.00K | $2.66M | $-2.29M | $-2.62M | $-2.24M | $-1.60M | $277.00K | $-3.26M | $-2.51M | $-268.00K | $387.00K |
| Operating Cash Flow | $347.00K | $1.23M | $-350.00K | $2.33M | $-451.00K | $-385.00K | $920.00K | $1.23M | $-5.88M | $-3.59M | $-1.03M | $-24.00K | $-3.09M |
| Capital Expenditure | $30.00K | $49.00K | $10.00K | - | $14.00K | $14.00K | $2.00K | - | $14.00K | $4.00K | $5.00K | - | - |
| Investing Cash Flow | $-30.00K | $-49.00K | $-10.00K | $-10.00K | $-100.00K | $-85.00K | $-2.00K | - | $-14.00K | $-4.00K | $-5.00K | - | - |
| Debt Repayment | $2.29M | $2.04M | - | $2.25M | $879.00K | $879.00K | - | - | - | - | - | $-250.00K | $250.00K |
| Financing Cash Flow | $-2.31M | $-2.05M | $-4.00K | $-390.00K | $-971.00K | $-886.00K | $-4.00K | $-4.00K | $8.36M | $6.63M | $1.50M | $-58.00K | $2.72M |
| Net Change in Cash | $-1.99M | $-868.00K | $-365.00K | $1.92M | $-1.51M | $-1.35M | $920.00K | $1.22M | $2.46M | $3.03M | $468.00K | $-96.00K | $-369.00K |
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 | $13.94M | - | $43.54M | - |
| Cost of Revenue | $9.69M | - | $31.98M | - |
| Gross Profit | $4.25M | - | $11.56M | - |
| Selling General & Admin | $4.10M | - | $12.64M | - |
| Operating Income | $155.00K | - | $-1.08M | - |
| Interest Expense | - | - | $532.00K | - |
| Other Income/Expense | $52.00K | - | $143.00K | - |
| Income Before Tax | $-2.83M | - | $-10.14M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-2.83M | $-5.21M | $-10.14M | - |
| Basic EPS | -0.02 | - | -0.06 | - |
| Diluted EPS | -0.02 | - | -0.06 | - |
| Basic Shares Outstanding | $175.86M | - | $175.94M | - |
| Diluted Shares Outstanding | $175.86M | - | $175.94M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $553.00K | $2.55M |
| Accounts Receivable | $14.22M | $15.03M |
| Other Current Assets | $790.00K | $859.00K |
| Total Current Assets | $17.43M | $20.30M |
| Property Plant & Equipment | $61.00K | $69.00K |
| Goodwill | $7.79M | $7.79M |
| Intangible Assets | $11.99M | $13.41M |
| Other Non-current Assets | $159.00K | $158.00K |
| Total Assets | $37.62M | $41.97M |
| Deferred Revenue | $5.30M | $2.88M |
| Other Current Liabilities | $3.08M | $4.40M |
| Total Current Liabilities | $34.71M | $33.78M |
| Total Liabilities | $110.98M | $105.20M |
| Common Stock | $1.80M | $1.77M |
| Retained Earnings | $-177.00M | $-166.86M |
| Treasury Stock | $220.00K | $220.00K |
| Total Stockholders Equity | $-73.37M | $-63.23M |
| Total Liabilities & Equity | $37.62M | $41.97M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.83M | $-5.21M | $-10.14M | - |
| Stock-based Compensation | - | - | $98.00K | - |
| Change in Receivables | - | - | $-706.00K | - |
| Operating Cash Flow | - | - | $347.00K | - |
| Capital Expenditure | - | - | $30.00K | - |
| Investing Cash Flow | - | - | $-30.00K | - |
| Debt Repayment | - | - | $2.29M | - |
| Financing Cash Flow | - | - | $-2.31M | - |
| Net Change in Cash | - | - | $-1.99M | - |
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.