$251.73M
Revenue
$-2.86M
Net Income
73.01%
Gross Margin
2.20%
Op. Margin
$23.07M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $251.73M | $251.73M | $418.80M | $527.11M | $692.20M | $873.64M |
| Revenue Growth % | 0.0% | -39.9% | -20.5% | -23.9% | -20.8% | nan% |
| Cost of Revenue | $67.94M | $67.94M | $131.45M | $204.02M | $322.63M | $328.66M |
| Gross Profit | $183.78M | $183.78M | $287.34M | $323.09M | $369.57M | $544.98M |
| Gross Margin % | 73.0% | 73.0% | 68.6% | 61.3% | 53.4% | 62.4% |
| Operating Expenses | $178.26M | $178.26M | $353.55M | $464.07M | $572.73M | $842.30M |
| Research & Development | - | $1.70M | $1.60M | - | - | - |
| Operating Income | $5.53M | $5.53M | $-66.21M | $-140.99M | $-203.16M | $-297.32M |
| Operating Margin % | 2.2% | 2.2% | -15.8% | -26.7% | -29.3% | -34.0% |
| Interest Expense | $4.98M | $4.98M | $6.88M | $8.87M | $3.37M | $536.00K |
| Interest Income | - | $1.10M | $1.20M | - | - | - |
| Other Income/Expense | $859.00K | $859.00K | $2.92M | $1.75M | $958.00K | $3.20M |
| Income Before Tax | $-2.73M | $-2.73M | $-71.40M | $-152.60M | $-197.25M | $-243.92M |
| Income Tax Expense | $125.00K | $125.00K | $239.00K | $37.00K | $-3.05M | $-15.54M |
| Net Income | $-2.86M | $-2.86M | $-71.64M | $-152.64M | $-194.19M | $-228.38M |
| Net Margin % | -1.1% | -1.1% | -17.1% | -29.0% | -28.1% | -26.1% |
| Basic EPS | nan | -0.41 | -10.51 | -24.47 | -0.63 | -0.83 |
| Diluted EPS | nan | -0.41 | -10.51 | -24.47 | -0.63 | -0.83 |
| Basic Shares Outstanding | 27K | 7.0M | 6.8M | 6.2M | 307.5M | 275.4M |
| Diluted Shares Outstanding | 27K | 7.0M | 6.8M | 6.2M | 307.5M | 275.4M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $39.02M | $20.19M | $33.41M | $80.09M | $104.05M |
| Accounts Receivable | $1.14M | $1.45M | - | - | - |
| Inventory | $9.41M | $16.30M | $24.98M | $54.06M | $132.73M |
| Other Current Assets | $4.34M | $28.91M | $45.92M | $39.25M | $43.73M |
| Total Current Assets | $63.84M | $78.69M | $119.27M | $186.45M | $299.37M |
| Property Plant & Equipment | $8.52M | $12.75M | $45.05M | $74.15M | $113.10M |
| Goodwill | $65.17M | $65.17M | $85.17M | $125.17M | - |
| Other Non-current Assets | $1.59M | $2.71M | $2.92M | $9.51M | $7.65M |
| Total Assets | $147.03M | $174.56M | $276.84M | $443.39M | $637.61M |
| Accounts Payable | $5.30M | $9.53M | $10.66M | $17.94M | $48.38M |
| Accrued Liabilities | $18.41M | $24.98M | $42.15M | $64.43M | $74.53M |
| Deferred Revenue | $56.87M | $77.27M | $97.17M | $95.59M | $107.09M |
| Other Current Liabilities | $3.92M | $5.01M | $5.33M | $3.28M | $3.93M |
| Total Current Liabilities | $86.60M | $127.64M | $165.20M | $184.64M | $236.23M |
| Long-term Debt | $25.00M | $9.67M | $21.49M | $39.73M | - |
| Deferred Tax Liabilities | - | $1.00K | $10.00K | $181.00K | $3.17M |
| Other Non-current Liabilities | $5.82M | $7.11M | $5.95M | $3.98M | $8.01M |
| Total Liabilities | $115.72M | $146.39M | $194.08M | $231.85M | $252.23M |
| Retained Earnings | $-646.38M | $-643.52M | $-571.88M | $-419.24M | $-225.04M |
| Total Stockholders Equity | $31.32M | $28.17M | $82.76M | $211.54M | $385.38M |
| Total Liabilities & Equity | $147.03M | $174.56M | $276.84M | $443.39M | $637.61M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-8.61M | $-2.86M | $-71.64M | $-152.64M | $-194.19M | $-228.38M |
| Depreciation & Amortization | $16.48M | $8.68M | $31.44M | $39.57M | $74.85M | $59.60M |
| Stock-based Compensation | $11.08M | $5.62M | $17.07M | $23.89M | $17.62M | $16.41M |
| Deferred Income Tax | - | - | $5.00K | - | - | - |
| Change in Inventory | $-12.42M | $-5.40M | $-4.38M | $-17.51M | $-41.51M | $74.26M |
| Change in Payables | $-10.15M | $-4.19M | $-906.00K | $-7.10M | $-26.70M | $8.31M |
| Operating Cash Flow | $30.67M | $21.75M | $2.56M | $-22.54M | $-47.17M | $-215.25M |
| Capital Expenditure | $7.60M | $4.40M | $4.54M | $6.58M | $26.49M | $77.91M |
| Acquisitions | - | - | - | - | - | $37.28M |
| Investing Cash Flow | $-7.60M | $-4.40M | $1.06M | $-10.83M | $-26.49M | $-125.19M |
| Stock Issued | - | - | - | $4.91M | - | - |
| Financing Cash Flow | $-1.91M | $1.03M | $-15.87M | $-13.72M | $47.56M | $390.65M |
| Net Change in Cash | $22.14M | $18.83M | $-13.22M | $-46.68M | $-26.96M | $50.23M |
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 | $59.89M | - | $196.19M | - |
| Cost of Revenue | $15.24M | - | $53.76M | - |
| Gross Profit | $44.65M | - | $142.44M | - |
| Operating Expenses | $39.66M | - | $145.09M | - |
| Operating Income | $4.99M | - | $-2.65M | - |
| Interest Expense | $1.06M | - | $3.89M | - |
| Other Income/Expense | $352.00K | - | $618.00K | - |
| Income Before Tax | $3.52M | - | $-7.98M | - |
| Income Tax Expense | $-49.00K | - | $97.00K | - |
| Net Income | $3.57M | $-10.87M | $-8.08M | - |
| Basic EPS | 0.51 | - | -1.16 | - |
| Diluted EPS | 0.51 | - | -1.16 | - |
| Basic Shares Outstanding | $7.00M | - | $6.94M | - |
| Diluted Shares Outstanding | $7.05M | - | $6.94M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $33.95M | $20.19M |
| Inventory | $11.15M | $16.30M |
| Other Current Assets | $6.71M | $28.91M |
| Total Current Assets | $60.38M | $78.69M |
| Property Plant & Equipment | $9.79M | $12.75M |
| Goodwill | $65.17M | $65.17M |
| Other Non-current Assets | $1.65M | $2.71M |
| Total Assets | $146.41M | $174.56M |
| Accounts Payable | $4.28M | $9.53M |
| Accrued Liabilities | $23.35M | $24.98M |
| Deferred Revenue | $62.25M | $77.27M |
| Other Current Liabilities | $1.60M | $5.01M |
| Total Current Liabilities | $93.08M | $127.64M |
| Long-term Debt | $22.93M | $9.67M |
| Other Non-current Liabilities | $4.75M | $7.11M |
| Total Liabilities | $121.72M | $146.39M |
| Retained Earnings | $-651.60M | $-643.52M |
| Total Stockholders Equity | $24.69M | $28.17M |
| Total Liabilities & Equity | $146.41M | $174.56M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $3.57M | $-10.87M | $-8.08M | - |
| Depreciation & Amortization | - | - | $6.79M | - |
| Stock-based Compensation | - | - | $4.74M | - |
| Change in Inventory | - | - | $-3.90M | - |
| Change in Payables | - | - | $-5.23M | - |
| Operating Cash Flow | - | - | $16.77M | - |
| Capital Expenditure | - | - | $3.70M | - |
| Investing Cash Flow | - | - | $-3.70M | - |
| Financing Cash Flow | - | - | $511.00K | - |
| Net Change in Cash | - | - | $13.76M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.