$136.50M
Revenue
$-59.74M
Net Income
53.78%
Gross Margin
-43.48%
Op. Margin
$3.34M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $42.85M | $32.54M | $32.01M | $29.10M | $27.36M | $25.54M |
| Revenue Growth % (YoY) | 56.6% | 27.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $21.54M | $16.33M | $12.86M | $12.36M | $11.55M | $11.07M |
| Gross Profit | $21.31M | $16.22M | $19.15M | $16.74M | $15.81M | $14.47M |
| Gross Margin % | 49.7% | 49.8% | 59.8% | 57.5% | 57.8% | 56.7% |
| Operating Expenses | $29.90M | $33.71M | $33.54M | $35.62M | $34.96M | $36.80M |
| Research & Development | $5.61M | $4.74M | $4.86M | $5.39M | $5.81M | $5.72M |
| Operating Income | $-8.60M | $-17.49M | $-14.39M | $-18.88M | $-19.15M | $-22.33M |
| Operating Margin % | -20.1% | -53.8% | -45.0% | -64.9% | -70.0% | -87.4% |
| Interest Expense | $518.00K | - | $1.00K | - | - | - |
| Interest Income | $436.00K | $224.00K | $389.00K | $548.00K | $628.00K | $681.00K |
| Other Income/Expense | $-44.00K | $136.00K | $25.00K | $-50.00K | $34.00K | $-39.00K |
| Income Before Tax | $-1.80M | $-40.54M | $-1.63M | $-15.72M | - | - |
| Income Tax Expense | - | $-1.00K | $63.00K | - | - | - |
| Net Income | $-1.80M | $-40.53M | $-1.69M | $-15.72M | $-30.44M | $3.46M |
| Net Margin % | -4.2% | -124.6% | -5.3% | -54.0% | -111.3% | 13.6% |
| Basic EPS | -0.01 | -0.25 | -0.01 | -0.09 | -0.19 | 0.02 |
| Diluted EPS | -0.01 | -0.25 | -0.01 | -0.09 | -0.19 | 0.02 |
| Basic Shares Outstanding | 172.8M | 165.3M | 160.8M | 814K | 157.7M | 156.5M |
| Diluted Shares Outstanding | 172.8M | 165.3M | 160.8M | 814K | 157.7M | 171.6M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $31.50M | $36.94M | $25.09M | $37.02M | $46.03M | $35.70M |
| Short-term Investments | $24.72M | - | $9.93M | $14.93M | $9.96M | $20.76M |
| Accounts Receivable | $48.88M | $41.80M | $34.48M | $28.39M | $34.85M | $36.43M |
| Inventory | $8.77M | $12.14M | $10.06M | $16.96M | $16.28M | $18.60M |
| Other Current Assets | $30.59M | $35.76M | $17.96M | $17.92M | $21.05M | $19.91M |
| Total Current Assets | $151.64M | $133.08M | $103.77M | $121.45M | $134.40M | $137.90M |
| Property Plant & Equipment | $126.92M | $125.48M | $129.68M | $123.66M | $120.84M | $120.05M |
| Other Non-current Assets | $4.86M | $538.00K | $653.00K | $735.00K | $869.00K | $865.00K |
| Total Assets | $304.29M | $280.42M | $255.98M | $268.06M | $278.47M | $268.52M |
| Accounts Payable | $4.72M | $11.80M | $7.12M | $10.49M | $8.62M | $5.57M |
| Deferred Revenue | $77.90M | $72.16M | $65.49M | $64.51M | $61.65M | $56.17M |
| Total Current Liabilities | $119.35M | $142.89M | $94.40M | $96.71M | $89.47M | $79.41M |
| Long-term Debt | $28.53M | - | - | - | - | - |
| Total Liabilities | $202.05M | $187.77M | $134.92M | $150.41M | $149.48M | $115.44M |
| Common Stock | $17.00K | $17.00K | $16.00K | $16.00K | $16.00K | $16.00K |
| Retained Earnings | $-398.68M | $-396.89M | $-356.35M | $-354.66M | $-338.94M | $-306.65M |
| Total Stockholders Equity | $102.24M | $92.65M | $121.06M | $117.65M | $128.99M | $153.07M |
| Total Liabilities & Equity | $304.29M | $280.42M | $255.98M | $268.06M | $278.47M | $268.52M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-1.80M | $-40.53M | $-1.69M | $-15.72M | $-30.44M | $-8.18M |
| Depreciation & Amortization | $6.50M | $5.80M | $5.53M | $5.44M | $11.93M | $7.44M |
| Stock-based Compensation | $15.82M | $10.43M | $4.88M | $3.39M | $21.36M | $13.83M |
| Change in Receivables | $20.56M | $13.32M | $6.12M | $-6.68M | $13.68M | $14.02M |
| Change in Inventory | $-11.08M | $-6.14M | $-7.17M | $-475.00K | $8.33M | $10.35M |
| Change in Payables | $1.84M | $6.12M | $2.78M | $-24.00K | $216.00K | $-1.65M |
| Operating Cash Flow | $3.10M | $-426.00K | $-2.54M | $3.20M | $-34.06M | $-37.96M |
| Purchases of Investments | $34.48M | $9.88M | $9.88M | $14.80M | $14.57M | $14.57M |
| Investing Cash Flow | $-43.23M | $-3.61M | $-9.36M | $-13.25M | $11.85M | $5.85M |
| Debt Repayment | - | - | - | - | - | - |
| Financing Cash Flow | $34.72M | $4.09M | $20.00K | $658.00K | $1.15M | $636.00K |
| Net Change in Cash | $-5.51M | $-73.00K | $-11.93M | $-9.29M | $-21.13M | $-31.46M |
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 | $42.85M | - | $107.40M | - |
| Cost of Revenue | $21.54M | - | $50.73M | - |
| Gross Profit | $21.31M | - | $56.67M | - |
| Operating Expenses | $29.90M | - | $97.15M | - |
| Research & Development | $5.61M | - | $15.21M | - |
| Operating Income | $-8.60M | - | $-40.48M | - |
| Interest Expense | $713.00K | - | $518.00K | - |
| Interest Income | $436.00K | - | $1.05M | - |
| Other Income/Expense | $-44.00K | - | $117.00K | - |
| Income Before Tax | $-1.80M | - | $-43.96M | - |
| Income Tax Expense | - | - | $62.00K | - |
| Net Income | $-1.80M | $3.42M | $-44.02M | - |
| Basic EPS | -0.01 | - | -0.26 | - |
| Diluted EPS | -0.01 | - | -0.26 | - |
| Basic Shares Outstanding | $172.79M | - | $166.33M | - |
| Diluted Shares Outstanding | $172.79M | - | $166.33M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $31.50M | $37.02M |
| Short-term Investments | $24.72M | $14.93M |
| Accounts Receivable | $48.88M | $28.39M |
| Inventory | $8.77M | $16.96M |
| Other Current Assets | $30.59M | $17.92M |
| Total Current Assets | $151.64M | $121.45M |
| Property Plant & Equipment | $126.92M | $123.66M |
| Other Non-current Assets | $4.86M | $735.00K |
| Total Assets | $304.29M | $268.06M |
| Accounts Payable | $4.72M | $10.49M |
| Deferred Revenue | $77.90M | $64.51M |
| Total Current Liabilities | $119.35M | $96.71M |
| Long-term Debt | $28.53M | - |
| Total Liabilities | $202.05M | $150.41M |
| Common Stock | $17.00K | $16.00K |
| Retained Earnings | $-398.68M | $-354.66M |
| Total Stockholders Equity | $102.24M | $117.65M |
| Total Liabilities & Equity | $304.29M | $268.06M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.80M | $3.42M | $-44.02M | - |
| Depreciation & Amortization | $6.50M | - | $17.86M | - |
| Stock-based Compensation | - | - | $15.82M | - |
| Change in Receivables | - | - | $20.56M | - |
| Change in Inventory | - | - | $-11.08M | - |
| Change in Payables | - | - | $1.84M | - |
| Operating Cash Flow | - | - | $3.10M | - |
| Purchases of Investments | - | - | $34.48M | - |
| Investing Cash Flow | - | - | $-43.23M | - |
| Financing Cash Flow | - | - | $34.72M | - |
| Net Change in Cash | - | - | $-5.51M | - |
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.