$164.81M
Revenue
$-36.55M
Net Income
37.02%
Gross Margin
-24.20%
Op. Margin
$48.23M
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 | $46.78M | $51.44M | $35.97M | $30.62M | $26.37M | $23.78M | $28.50M |
| Revenue Growth % (YoY) | 77.4% | 116.3% | 26.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $30.42M | $30.90M | $24.04M | $18.43M | $15.75M | $20.64M | $18.79M |
| Gross Profit | $16.36M | $20.55M | $11.93M | $12.18M | $10.62M | $3.14M | $9.71M |
| Gross Margin % | 35.0% | 39.9% | 33.2% | 39.8% | 40.3% | 13.2% | 34.1% |
| Operating Expenses | $34.87M | $23.01M | $21.82M | $21.20M | $20.55M | $32.01M | - |
| Research & Development | $2.08M | $1.90M | $1.51M | $1.57M | $1.40M | $2.41M | $1.46M |
| Operating Income | $-18.51M | $-2.47M | $-9.88M | $-9.02M | $-9.93M | $-28.86M | $-8.64M |
| Operating Margin % | -39.6% | -4.8% | -27.5% | -29.5% | -37.6% | -121.4% | -30.3% |
| Interest Expense | $58.00K | $136.00K | $141.00K | $147.00K | $71.00K | $157.00K | $160.00K |
| Other Income/Expense | $1.60M | $511.00K | $553.00K | $561.00K | $724.00K | $983.00K | $1.06M |
| Income Before Tax | $-17.04M | $-2.09M | $-9.47M | $-8.61M | $-9.36M | $-28.04M | $-7.74M |
| Income Tax Expense | $-726.00K | $21.00K | $46.00K | $-4.00K | $-25.00K | $17.00K | $17.00K |
| Net Income | $-16.31M | $-2.11M | $-9.52M | $-8.60M | $-9.33M | $-28.05M | $-7.76M |
| Net Margin % | -34.9% | -4.1% | -26.5% | -28.1% | -35.4% | -118.0% | -27.2% |
| Basic EPS | nan | -0.03 | -0.13 | -0.12 | -0.13 | -0.39 | -0.11 |
| Diluted EPS | nan | -0.03 | -0.13 | -0.12 | -0.13 | -0.39 | -0.11 |
| Basic Shares Outstanding | 59K | 72.6M | 73.2M | 72.7M | 196K | 72.3M | 72.0M |
| Diluted Shares Outstanding | 59K | 72.6M | 73.2M | 72.7M | 196K | 72.3M | 72.0M |
| 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 | $53.18M | $59.05M | $57.00M | $57.79M | $54.58M | $69.76M | $80.10M |
| Accounts Receivable | $17.00M | $20.42M | $19.11M | $18.75M | $19.17M | $14.88M | $17.18M |
| Inventory | $996.00K | $3.38M | $4.18M | $1.49M | $1.78M | $1.41M | $1.37M |
| Other Current Assets | $3.66M | $1.27M | $865.00K | $834.00K | $793.00K | $1.25M | $1.09M |
| Total Current Assets | $94.41M | $102.83M | $102.78M | $94.14M | $91.42M | $99.32M | $110.19M |
| Property Plant & Equipment | $3.07M | $3.49M | $3.48M | $3.88M | $4.28M | $3.57M | $2.88M |
| Goodwill | $3.01M | $17.92M | $17.92M | $17.92M | $17.92M | $17.92M | $17.92M |
| Intangible Assets | $30.28M | $31.25M | $31.57M | $31.16M | $30.41M | $29.63M | $40.72M |
| Other Non-current Assets | $4.51M | $3.85M | $4.00M | $5.30M | $8.19M | $9.52M | $3.95M |
| Total Assets | $139.86M | $164.28M | $165.04M | $158.06M | $158.24M | $166.33M | $182.38M |
| Accounts Payable | $4.09M | $2.78M | - | - | $1.15M | - | - |
| Accrued Liabilities | $6.90M | $7.14M | - | - | $4.45M | - | - |
| Deferred Revenue | $11.22M | $13.73M | $12.95M | $6.75M | $6.84M | $6.78M | $5.78M |
| Other Current Liabilities | $6.90M | - | $1.60M | $1.40M | $1.30M | $2.90M | $1.47M |
| Total Current Liabilities | $36.78M | $37.27M | $38.73M | $23.53M | $22.14M | $27.29M | $23.16M |
| Deferred Tax Liabilities | $53.00K | $854.00K | $840.00K | $809.00K | $813.00K | $849.00K | $837.00K |
| Other Non-current Liabilities | $159.00K | $102.00K | $101.00K | $95.00K | $91.00K | $106.00K | $107.00K |
| Total Liabilities | $43.91M | $44.61M | $46.63M | $31.95M | $31.10M | $36.85M | $33.23M |
| Common Stock | $111.00K | $111.00K | $111.00K | $112.00K | $111.00K | $111.00K | $111.00K |
| Retained Earnings | $-363.89M | $-347.58M | $-345.47M | $-335.95M | $-327.35M | $-318.02M | $-289.96M |
| Total Stockholders Equity | $95.95M | $119.67M | $118.41M | $126.11M | $127.14M | $129.48M | $149.15M |
| Total Liabilities & Equity | $139.86M | $164.28M | $165.04M | $158.06M | $158.24M | $166.33M | $182.38M |
| 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 | $-16.31M | $-2.11M | $-18.12M | $-8.60M | $-9.33M | $-43.19M | $-7.76M |
| Depreciation & Amortization | $3.43M | $8.02M | $4.84M | $2.34M | $2.50M | $9.37M | $6.62M |
| Stock-based Compensation | $5.96M | $24.19M | $14.80M | $7.05M | $7.39M | $14.02M | $5.20M |
| Deferred Income Tax | $-801.00K | $41.00K | $27.00K | $-4.00K | $-37.00K | $37.00K | $24.00K |
| Change in Receivables | $-3.42M | $1.25M | $-86.00K | $-427.00K | $4.30M | $-15.57M | $-13.28M |
| Change in Inventory | - | $-1.08M | $1.08M | $-294.00K | $485.00K | $-14.00K | $-51.00K |
| Change in Payables | $3.99M | $-1.26M | - | - | $-910.00K | - | - |
| Operating Cash Flow | $7.98M | $22.20M | $13.06M | $6.11M | $-10.52M | $-15.42M | $-8.34M |
| Capital Expenditure | $30.00K | $709.00K | $257.00K | $123.00K | $1.87M | $381.00K | $332.00K |
| Purchases of Investments | - | - | - | - | - | $3.00M | $3.00M |
| Investing Cash Flow | $-1.71M | $-7.21M | $-4.66M | $-2.34M | $-4.27M | $-12.48M | $-9.65M |
| Stock Repurchased | $5.99M | $7.64M | $4.00M | - | - | - | - |
| Financing Cash Flow | $-12.14M | $-10.52M | $-5.98M | $-556.00K | $-393.00K | $-1.59M | $-1.17M |
| Net Change in Cash | $-5.87M | $4.47M | $2.42M | $3.21M | $-15.18M | $-29.50M | $-19.16M |
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 | $51.44M | $23.78M | $118.03M | $81.90M |
| Cost of Revenue | $30.90M | $20.64M | $73.37M | $58.09M |
| Gross Profit | $20.55M | $3.14M | $44.66M | $23.81M |
| Operating Expenses | $23.01M | $32.01M | $66.03M | $69.76M |
| Research & Development | $1.90M | $2.41M | $4.98M | $7.04M |
| Operating Income | $-2.47M | $-28.86M | $-21.37M | $-45.95M |
| Interest Expense | $136.00K | $157.00K | $424.00K | $492.00K |
| Other Income/Expense | $511.00K | $983.00K | $1.62M | $3.30M |
| Income Before Tax | $-2.09M | $-28.04M | $-20.17M | $-43.14M |
| Income Tax Expense | $21.00K | $17.00K | $63.00K | $51.00K |
| Net Income | $-2.11M | $-28.05M | $-20.23M | $-43.19M |
| Basic EPS | -0.03 | -0.39 | -0.28 | -0.60 |
| Diluted EPS | -0.03 | -0.39 | -0.28 | -0.60 |
| Basic Shares Outstanding | $72.58M | $72.31M | $72.82M | $71.65M |
| Diluted Shares Outstanding | $72.58M | $72.31M | $72.82M | $71.65M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $59.05M | $54.58M |
| Accounts Receivable | $20.42M | $19.17M |
| Inventory | $3.38M | $1.78M |
| Other Current Assets | $1.27M | $793.00K |
| Total Current Assets | $102.83M | $91.42M |
| Property Plant & Equipment | $3.49M | $4.28M |
| Goodwill | $17.92M | $17.92M |
| Intangible Assets | $31.25M | $30.41M |
| Other Non-current Assets | $3.85M | $8.19M |
| Total Assets | $164.28M | $158.24M |
| Accounts Payable | $2.78M | $1.15M |
| Accrued Liabilities | $7.14M | $4.45M |
| Deferred Revenue | $13.73M | $6.84M |
| Total Current Liabilities | $37.27M | $22.14M |
| Deferred Tax Liabilities | $854.00K | $813.00K |
| Other Non-current Liabilities | $102.00K | $91.00K |
| Total Liabilities | $44.61M | $31.10M |
| Common Stock | $111.00K | $111.00K |
| Retained Earnings | $-347.58M | $-327.35M |
| Total Stockholders Equity | $119.67M | $127.14M |
| Total Liabilities & Equity | $164.28M | $158.24M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.11M | $-28.05M | $-20.23M | $-43.19M |
| Depreciation & Amortization | - | - | $8.02M | $9.37M |
| Stock-based Compensation | - | - | $24.19M | $14.02M |
| Deferred Income Tax | - | - | $41.00K | $37.00K |
| Change in Receivables | - | - | $1.25M | $-15.57M |
| Change in Inventory | - | - | $-1.08M | $-14.00K |
| Change in Payables | - | - | $-1.26M | $-6.21M |
| Operating Cash Flow | - | - | $22.20M | $-15.42M |
| Capital Expenditure | - | - | $709.00K | $381.00K |
| Purchases of Investments | - | - | - | $3.00M |
| Investing Cash Flow | - | - | $-7.21M | $-12.48M |
| Stock Repurchased | - | - | $7.64M | - |
| Financing Cash Flow | - | - | $-10.52M | $-1.59M |
| Net Change in Cash | - | - | $4.47M | $-29.50M |
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.