$145.91M
Revenue
$-33.14M
Net Income
51.61%
Gross Margin
-33.22%
Op. Margin
$15.70M
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) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $38.50M | $42.85M | $32.54M | $32.01M | $29.10M | $27.36M | $25.54M | $21.67M | $21.82M | $20.19M | $18.58M | $20.89M | $16.53M | $9.07M | $6.85M | $8.37M | - | - | - |
| Revenue Growth % (YoY) | 32.3% | 56.6% | 27.4% | 47.7% | 33.4% | 35.5% | nan% | 16.6% | 4.5% | 22.1% | nan% | 205.1% | 97.6% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $19.88M | $21.54M | $16.33M | $12.86M | $12.36M | $11.55M | $11.07M | $9.90M | $11.56M | $8.80M | $13.82M | $20.83M | $16.30M | $8.52M | $6.54M | $4.21M | - | - | - |
| Gross Profit | $18.63M | $21.31M | $16.22M | $19.15M | $16.74M | $15.81M | $14.47M | $11.77M | $10.26M | $11.39M | $4.76M | $54.00K | $225.00K | $553.00K | $306.00K | $4.16M | - | - | - |
| Gross Margin % | 48.4% | 49.7% | 49.8% | 59.8% | 57.5% | 57.8% | 56.7% | 54.3% | 47.0% | 56.4% | 25.6% | 0.3% | 1.4% | 6.1% | 4.5% | 49.7% | nan% | nan% | nan% |
| Operating Expenses | $26.61M | $29.90M | $33.71M | $33.54M | $35.62M | $34.96M | $36.80M | $34.05M | $32.17M | $31.63M | $27.26M | $26.87M | $26.83M | $25.84M | $22.27M | $20.79M | - | - | - |
| Research & Development | $5.41M | $5.61M | $4.74M | $4.86M | $5.39M | $5.81M | $5.72M | $6.21M | $6.26M | $6.41M | $5.39M | $4.82M | $5.62M | $4.16M | $3.09M | $3.64M | - | - | - |
| Operating Income | $-7.99M | $-8.60M | $-17.49M | $-14.39M | $-18.88M | $-19.15M | $-22.33M | $-22.28M | $-21.91M | $-20.24M | $-22.49M | $-26.81M | $-26.60M | $-25.28M | $-21.96M | $-16.63M | $-6.68M | $-1.46M | $-145.00K |
| Operating Margin % | -20.7% | -20.1% | -53.8% | -45.0% | -64.9% | -70.0% | -87.4% | -102.8% | -100.4% | -100.2% | -121.0% | -128.4% | -160.9% | -278.7% | -320.8% | -198.8% | nan% | nan% | nan% |
| Interest Expense | $731.00K | $518.00K | - | $1.00K | - | - | - | - | - | - | $654.00K | $223.00K | $188.00K | $159.00K | $107.00K | $286.00K | - | - | - |
| Interest Income | $487.00K | $436.00K | $224.00K | $389.00K | $548.00K | $628.00K | $681.00K | $1.08M | $1.63M | $1.79M | $953.00K | $1.55M | $1.05M | $491.00K | - | - | - | - | - |
| Other Income/Expense | $-18.00K | $-44.00K | $136.00K | $25.00K | $-50.00K | $34.00K | $-39.00K | $-28.00K | $-17.00K | $-64.00K | $19.00K | $-7.00K | $-57.00K | $-404.00K | $52.00K | $-669.00K | - | - | - |
| Income Before Tax | $10.88M | $-1.80M | $-40.54M | $-1.63M | $-15.72M | - | - | - | - | - | - | - | - | - | - | - | $-7.63M | $-4.08M | $-119.00K |
| Income Tax Expense | - | - | $-1.00K | $63.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $10.88M | $-1.80M | $-40.53M | $-1.69M | $-15.72M | $-30.44M | $3.46M | $-11.64M | $-16.89M | $6.00M | $-28.61M | $-28.30M | $-18.61M | $-25.69M | $4.82M | $22.75M | $-7.63M | $-4.08M | $-119.00K |
| Net Margin % | 28.3% | -4.2% | -124.6% | -5.3% | -54.0% | -111.3% | 13.6% | -53.7% | -77.4% | 29.7% | -154.0% | -135.5% | -112.6% | -283.2% | 70.4% | 271.9% | nan% | nan% | nan% |
| Basic EPS | nan | -0.01 | -0.25 | -0.01 | -0.09 | -0.19 | 0.02 | -0.08 | -0.11 | 0.04 | -0.20 | -0.20 | -0.13 | -0.18 | 0.13 | 0.19 | nan | nan | nan |
| Diluted EPS | nan | -0.01 | -0.25 | -0.01 | -0.09 | -0.19 | 0.02 | -0.08 | -0.11 | 0.03 | -0.20 | -0.20 | -0.13 | -0.18 | 0.13 | 0.15 | nan | nan | nan |
| Basic Shares Outstanding | 2.1M | 172.8M | 165.3M | 160.8M | 814K | 157.7M | 156.5M | 153.1M | 647K | 150.2M | 146.4M | 336K | 144.1M | 143.6M | 23.9M | 119.7M | - | - | - |
| Diluted Shares Outstanding | 2.1M | 172.8M | 165.3M | 160.8M | 814K | 157.7M | 171.6M | 153.1M | 647K | 174.0M | 146.4M | 336K | 144.1M | 143.6M | 23.9M | 153.9M | - | - | - |
| 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) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $49.15M | $31.50M | $36.94M | $25.09M | $37.02M | $46.03M | $35.70M | $44.60M | $67.16M | $99.62M | $181.00M | $229.78M | $218.50M | $242.69M | $307.49M | $333.75M | $181.00K | $579.00K | $1.52M |
| Short-term Investments | - | $24.72M | - | $9.93M | $14.93M | $9.96M | $20.76M | $36.41M | $51.29M | $39.49M | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | $30.84M | $48.88M | $41.80M | $34.48M | $28.39M | $34.85M | $36.43M | $22.03M | $22.61M | $29.79M | $23.16M | $31.92M | $21.20M | $12.18M | $6.48M | $7.33M | - | - | - |
| Inventory | $9.32M | $8.77M | $12.14M | $10.06M | $16.96M | $16.28M | $18.60M | $11.01M | $9.51M | $7.83M | $8.82M | $10.26M | $6.73M | $6.01M | $5.14M | $3.53M | - | - | - |
| Other Current Assets | $4.32M | $30.59M | $35.76M | $17.96M | $2.08M | $21.05M | $19.91M | $20.70M | $16.95M | $16.50M | $14.41M | $14.39M | $20.22M | $20.92M | $11.05M | $13.67M | $145.00K | $193.00K | $291.00K |
| Total Current Assets | $151.30M | $151.64M | $133.08M | $103.77M | $121.45M | $134.40M | $137.90M | $141.80M | $175.84M | $201.79M | $234.94M | $292.58M | $274.76M | $287.35M | $333.66M | $359.76M | $326.00K | $772.00K | $1.81M |
| Property Plant & Equipment | $127.52M | $126.92M | $125.48M | $129.68M | $123.66M | $120.84M | $120.05M | $129.34M | $112.92M | $94.00M | $59.79M | $44.71M | $40.53M | $34.38M | $21.59M | $17.78M | - | - | - |
| Other Non-current Assets | $5.40M | $4.86M | $538.00K | $653.00K | $735.00K | $869.00K | $865.00K | $999.00K | $1.20M | - | - | $1.83M | - | - | $401.00K | - | - | - | - |
| Total Assets | $304.41M | $304.29M | $280.42M | $255.98M | $268.06M | $278.47M | $268.52M | $282.26M | $298.72M | $306.46M | $305.53M | $348.12M | $325.62M | $333.05M | $363.06M | $382.71M | $172.93M | $173.37M | $174.34M |
| Accounts Payable | $9.77M | $4.72M | $11.80M | $7.12M | $10.49M | $8.62M | $5.57M | $15.58M | $17.40M | $13.89M | $19.19M | $18.19M | $11.14M | $9.43M | $6.36M | $8.46M | $296.00K | - | - |
| Deferred Revenue | $74.92M | $77.90M | $72.16M | $65.49M | $64.51M | $61.65M | $56.17M | $48.91M | $47.68M | $53.04M | $23.98M | $18.27M | $15.85M | $10.78M | $6.69M | $5.67M | - | - | - |
| Total Current Liabilities | $122.98M | $119.35M | $142.89M | $94.40M | $96.71M | $89.47M | $79.41M | $79.92M | $82.05M | $80.75M | $50.77M | $59.13M | $40.98M | $33.06M | $24.37M | $21.33M | $7.71M | $1.48M | $175.00K |
| Long-term Debt | $28.60M | $28.53M | - | - | - | - | - | - | - | - | - | $19.68M | $4.96M | $5.96M | $7.95M | $14.36M | - | - | - |
| Total Liabilities | $184.99M | $202.05M | $187.77M | $134.92M | $150.41M | $149.48M | $115.44M | $140.67M | $152.40M | $150.35M | $101.69M | $121.13M | $77.24M | $72.85M | $72.23M | $98.52M | $38.87M | $31.68M | $6.21M |
| Common Stock | $18.00K | $17.00K | $17.00K | $16.00K | $16.00K | $16.00K | $16.00K | $16.00K | $15.00K | $15.00K | $15.00K | $15.00K | $14.00K | $14.00K | $14.00K | $14.00K | - | - | - |
| Retained Earnings | $-387.80M | $-398.68M | $-396.89M | $-356.35M | $-354.66M | $-338.94M | $-306.65M | $-310.11M | $-298.46M | $-281.57M | $-220.82M | $-192.21M | $-163.91M | $-145.29M | $-104.74M | $-107.26M | $-23.62M | $-15.99M | $-121.00K |
| Total Stockholders Equity | $119.42M | $102.24M | $92.65M | $121.06M | $117.65M | $128.99M | $153.07M | $141.59M | $146.32M | $156.12M | $203.84M | $226.99M | $248.38M | $260.21M | $290.84M | $284.20M | $5.00M | $5.00M | $5.00M |
| Total Liabilities & Equity | $304.41M | $304.29M | $280.42M | $255.98M | $268.06M | $278.47M | $268.52M | $282.26M | $298.72M | $306.46M | $305.53M | $348.12M | $325.62M | $333.05M | $363.06M | $382.71M | $172.93M | $173.37M | $174.34M |
| 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) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $10.88M | $-1.80M | $-40.53M | $-1.69M | $-15.72M | $-30.44M | $-8.18M | $-11.64M | $-16.89M | $-89.36M | $-28.61M | $-28.30M | $-58.10M | $-39.49M | $4.82M | $22.75M | $-11.71M | $-4.08M | $-121.00K |
| Depreciation & Amortization | $6.48M | $6.50M | $5.80M | $5.53M | $5.44M | $11.93M | $7.44M | $3.47M | $3.15M | $2.70M | $1.81M | $1.68M | $1.40M | $1.30M | $947.00K | $800.00K | - | - | - |
| Stock-based Compensation | $5.28M | $15.82M | $10.43M | $4.88M | $3.39M | $21.36M | $13.83M | $6.41M | $6.85M | $17.30M | $5.04M | $6.99M | $15.51M | $8.99M | $4.50M | $4.01M | - | - | - |
| Change in Receivables | $-18.24M | $20.56M | $13.32M | $6.12M | $-6.68M | $13.68M | $14.02M | $-848.00K | $-6.82M | $-2.11M | $-8.64M | $10.77M | $14.82M | $5.79M | $-803.00K | $5.87M | - | - | - |
| Change in Inventory | $1.96M | $-11.08M | $-6.14M | $-7.17M | $-475.00K | $8.33M | $10.35M | $2.09M | $2.69M | $-2.04M | $-1.42M | $4.09M | $4.40M | $3.54M | $6.64M | $10.84M | - | - | - |
| Change in Payables | $1.93M | $1.84M | $6.12M | $2.78M | $-24.00K | $216.00K | $-1.65M | $-760.00K | $433.00K | $-6.40M | $-2.21M | $5.48M | $2.18M | $2.15M | $-2.27M | $2.26M | $-171.00K | - | - |
| Operating Cash Flow | $15.57M | $3.10M | $-426.00K | $-2.54M | $3.20M | $-34.06M | $-37.96M | $-16.08M | $-3.14M | $-6.66M | $-3.43M | $-5.31M | $-69.42M | $-52.49M | $-19.15M | $-50.48M | $-1.15M | $-749.00K | $-262.00K |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | $11.38M | $628.00K | $3.08M | - | - | - |
| Purchases of Investments | $4.91M | $34.48M | $9.88M | $9.88M | $14.80M | $14.57M | $14.57M | $14.57M | $31.25M | $58.65M | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $1.40M | $-43.23M | $-3.61M | $-9.36M | $-13.25M | $11.85M | $5.85M | $-6.79M | $-30.32M | $-92.79M | $-14.04M | $-4.70M | $-19.18M | $-12.68M | $-1.66M | $-3.08M | - | - | $-172.50M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | $31.88M | $31.88M | $9.00M | $1.00M | - | $5.42M | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $300.00M | - | - | $30.00K |
| Financing Cash Flow | $679.00K | $34.72M | $4.09M | $20.00K | $658.00K | $1.15M | $636.00K | $302.00K | $52.00K | $-29.72M | $-30.30M | $20.94M | $-429.00K | $384.00K | $-5.45M | $383.28M | - | - | $174.29M |
| Net Change in Cash | $17.65M | $-5.51M | $-73.00K | $-11.93M | $-9.29M | $-21.13M | $-31.46M | $-22.57M | $-33.45M | $-129.17M | $-47.79M | $10.88M | $-88.99M | $-64.80M | $-26.25M | $329.72M | $-1.15M | - | - |
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.