$63.06M
Revenue
$-41.21M
Net Income
78.29%
Gross Margin
-72.78%
Op. Margin
$-52.59M
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 | $18.25M | $18.67M | $12.05M | $14.09M | $17.86M | $10.97M | $14.96M |
| Revenue Growth % (YoY) | 2.2% | 70.2% | -19.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $3.04M | $4.13M | $3.50M | $3.02M | $2.42M | $2.79M | $4.86M |
| Gross Profit | $15.21M | $14.54M | $8.54M | $11.08M | $15.44M | $8.19M | $10.10M |
| Gross Margin % | 83.3% | 77.9% | 70.9% | 78.6% | 86.4% | 74.6% | 67.5% |
| Operating Expenses | $21.99M | $23.88M | $18.69M | $30.71M | $13.01M | $15.49M | $47.89M |
| Research & Development | $10.41M | $8.74M | $5.91M | $4.80M | $5.28M | $4.13M | $7.71M |
| Operating Income | $-6.78M | $-9.34M | $-10.14M | $-19.63M | $2.42M | $-7.30M | $-37.79M |
| Operating Margin % | -37.1% | -50.0% | -84.2% | -139.3% | 13.6% | -66.6% | -252.6% |
| Interest Expense | - | - | $443.00K | $291.00K | $-334.00K | $278.00K | $349.00K |
| Interest Income | $117.00K | $316.00K | $651.00K | $863.00K | $1.08M | $1.22M | $682.00K |
| Other Income/Expense | $-45.00K | $82.00K | - | - | $-67.00K | - | - |
| Income Before Tax | $-6.71M | $-8.94M | $-9.94M | $-19.06M | $3.43M | $-6.36M | $-38.17M |
| Income Tax Expense | $519.00K | $-3.65M | $-526.00K | $213.00K | $-723.00K | $188.00K | $214.00K |
| Net Income | $-7.22M | $-5.30M | $-9.41M | $-19.27M | $4.16M | $-6.55M | $-38.39M |
| Net Margin % | -39.6% | -28.4% | -78.1% | -136.8% | 23.3% | -59.7% | -256.6% |
| Basic EPS | nan | -0.18 | -0.32 | -0.67 | 0.24 | -0.23 | -1.55 |
| Diluted EPS | nan | -0.18 | -0.32 | -0.67 | 0.24 | -0.23 | -1.55 |
| Basic Shares Outstanding | 329K | 30.2M | 29.3M | 28.7M | 1.0M | 29.0M | 24.8M |
| Diluted Shares Outstanding | 329K | 30.2M | 29.3M | 28.7M | 1.0M | 29.0M | 24.8M |
| 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 | $9.01M | $11.95M | $13.13M | $29.49M | $19.61M | $26.61M | $34.27M |
| Accounts Receivable | $9.71M | $7.49M | $9.89M | $5.78M | $9.21M | $5.04M | $6.78M |
| Other Current Assets | $4.73M | $5.09M | $4.63M | $4.50M | $3.46M | $3.21M | $3.37M |
| Total Current Assets | $46.08M | $53.00M | $82.13M | $99.92M | $107.28M | $118.59M | $108.21M |
| Property Plant & Equipment | $1.52M | $1.69M | $991.00K | $890.00K | $865.00K | $843.00K | $742.00K |
| Goodwill | $30.07M | $30.56M | $18.69M | $14.34M | $9.03M | $9.03M | $9.03M |
| Intangible Assets | $26.03M | $27.14M | $12.51M | $10.00M | $4.37M | $4.66M | $4.96M |
| Other Non-current Assets | $1.56M | $1.55M | $1.73M | $1.59M | $1.70M | $1.84M | $1.84M |
| Total Assets | $122.64M | $130.59M | $127.63M | $138.13M | $142.34M | $146.46M | $149.41M |
| Accounts Payable | $3.48M | $3.64M | $1.85M | $2.14M | $3.32M | $4.20M | $2.57M |
| Accrued Liabilities | $19.40M | $23.13M | $23.95M | $32.43M | $19.80M | $23.31M | $23.75M |
| Deferred Revenue | $10.75M | $11.35M | $9.30M | $8.62M | $7.50M | $7.78M | $8.52M |
| Total Current Liabilities | $38.40M | $41.76M | $38.61M | $46.74M | $34.49M | $40.44M | $40.04M |
| Other Non-current Liabilities | $94.00K | $1.10M | $996.00K | $333.00K | $307.00K | $211.00K | $185.00K |
| Total Liabilities | $47.65M | $51.49M | $48.04M | $54.54M | $42.26M | $47.80M | $47.56M |
| Common Stock | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K |
| Retained Earnings | $-69.22M | $-61.99M | $-56.69M | $-47.28M | $-28.01M | $-32.17M | $-25.62M |
| Total Stockholders Equity | $74.99M | $79.10M | $79.59M | $83.59M | $100.08M | $98.65M | $101.85M |
| Total Liabilities & Equity | $122.64M | $130.59M | $127.63M | $138.13M | $142.34M | $146.46M | $149.41M |
| 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 | $-7.22M | $-5.30M | $-28.68M | $-19.27M | $4.16M | $-6.55M | $-37.01M |
| Depreciation & Amortization | $1.23M | $2.24M | $1.15M | $438.00K | $382.00K | $903.00K | $475.00K |
| Stock-based Compensation | $3.34M | $7.47M | $4.40M | $2.28M | $2.53M | $24.39M | $21.83M |
| Change in Receivables | $1.57M | $-3.86M | $-97.00K | $-3.52M | $4.63M | $1.34M | $3.10M |
| Change in Payables | $-151.00K | $-630.00K | $-1.58M | $-1.18M | $304.00K | $1.02M | $-2.00K |
| Operating Cash Flow | $-9.48M | $-24.43M | $-16.61M | $-1.14M | $-9.11M | $-10.67M | $-8.79M |
| Capital Expenditure | $38.00K | $580.00K | $222.00K | $96.00K | $161.00K | $344.00K | $56.00K |
| Sales of Investments | - | $34.90M | $32.00M | $23.00M | $24.60M | $9.00M | - |
| Investing Cash Flow | $2.53M | $31.19M | $27.82M | $11.40M | $6.42M | $-72.95M | $-67.86M |
| Financing Cash Flow | $24.00K | $-2.24M | $-1.60M | $-503.00K | $-4.25M | $105.55M | $106.42M |
| Net Change in Cash | $-7.06M | $4.71M | $10.03M | $9.88M | $-7.00M | $22.18M | $29.85M |
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 | $18.67M | $10.97M | $44.81M | $41.82M |
| Cost of Revenue | $4.13M | $2.79M | $10.65M | $9.62M |
| Gross Profit | $14.54M | $8.19M | $34.16M | $32.20M |
| Operating Expenses | $23.88M | $15.49M | $73.28M | $74.90M |
| Research & Development | $8.74M | $4.13M | $19.45M | $15.46M |
| Operating Income | $-9.34M | $-7.30M | $-39.12M | $-42.70M |
| Interest Income | $316.00K | $1.22M | $1.83M | $1.90M |
| Other Income/Expense | $82.00K | $-278.00K | $-652.00K | $-832.00K |
| Income Before Tax | $-8.94M | $-6.36M | $-37.94M | $-42.35M |
| Income Tax Expense | $-3.65M | $188.00K | $-3.96M | $1.21M |
| Net Income | $-5.30M | $-6.55M | $-33.98M | $-43.56M |
| Basic EPS | -0.18 | -0.23 | -1.16 | -1.77 |
| Diluted EPS | -0.18 | -0.23 | -1.16 | -1.77 |
| Basic Shares Outstanding | $30.21M | $29.05M | $29.41M | $24.63M |
| Diluted Shares Outstanding | $30.21M | $29.05M | $29.41M | $24.63M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $11.95M | $19.61M |
| Accounts Receivable | $7.49M | $9.21M |
| Other Current Assets | $5.09M | $3.46M |
| Total Current Assets | $53.00M | $107.28M |
| Property Plant & Equipment | $1.69M | $865.00K |
| Goodwill | $30.56M | $9.03M |
| Intangible Assets | $27.14M | $4.37M |
| Other Non-current Assets | $1.55M | $1.70M |
| Total Assets | $130.59M | $142.34M |
| Accounts Payable | $3.64M | $3.32M |
| Accrued Liabilities | $23.13M | $19.80M |
| Deferred Revenue | $11.35M | $7.50M |
| Total Current Liabilities | $41.76M | $34.49M |
| Other Non-current Liabilities | $1.10M | $307.00K |
| Total Liabilities | $51.49M | $42.26M |
| Common Stock | $3.00K | $3.00K |
| Retained Earnings | $-61.99M | $-28.01M |
| Total Stockholders Equity | $79.10M | $100.08M |
| Total Liabilities & Equity | $130.59M | $142.34M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-5.30M | $-6.55M | $-33.98M | $-43.56M |
| Depreciation & Amortization | - | - | $2.24M | $903.00K |
| Stock-based Compensation | - | - | $7.47M | $24.39M |
| Change in Receivables | - | - | $-3.86M | $1.34M |
| Change in Payables | - | - | $-630.00K | $1.02M |
| Operating Cash Flow | - | - | $-24.43M | $-10.67M |
| Capital Expenditure | - | - | $580.00K | $344.00K |
| Sales of Investments | - | - | $34.90M | $9.00M |
| Investing Cash Flow | - | - | $31.19M | $-72.95M |
| Financing Cash Flow | - | - | $-2.24M | $105.55M |
| Net Change in Cash | - | - | $4.71M | $22.18M |
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.