$164.81M
Revenue
$-36.55M
Net Income
37.02%
Gross Margin
-24.20%
Op. Margin
$48.23M
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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $164.81M | $164.81M | $108.27M | $145.38M | $216.89M | $242.43M | $179.92M | $159.22M | $138.02M | $107.73M | $134.87M | $120.63M | $207.39M | $226.10M | $189.89M |
| Revenue Growth % | 0.0% | 52.2% | -25.5% | -33.0% | -10.5% | 34.7% | 13.0% | 15.4% | 28.1% | -20.1% | 11.8% | -41.8% | -8.3% | 19.1% | nan% |
| Cost of Revenue | $103.79M | $103.79M | $73.84M | $92.44M | $137.84M | $156.40M | $117.50M | $106.87M | $84.95M | $67.16M | $91.42M | $89.96M | $168.79M | $171.29M | $142.34M |
| Gross Profit | $61.02M | $61.02M | $34.43M | $52.94M | $79.04M | $86.03M | $62.42M | - | - | - | - | - | - | - | - |
| Gross Margin % | 37.0% | 37.0% | 31.8% | 36.4% | 36.4% | 35.5% | 34.7% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $100.90M | $100.90M | $90.30M | $93.26M | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | $7.06M | $7.06M | $8.44M | $12.25M | $16.92M | $19.10M | $14.24M | $10.65M | $8.76M | - | - | - | - | - | - |
| Selling General & Admin | - | $78.92M | $75.49M | $93.26M | $132.89M | $127.49M | $62.12M | $47.32M | $44.05M | $40.15M | $41.33M | $34.29M | $32.49M | $37.11M | $34.86M |
| Operating Income | $-39.88M | $-39.88M | $-55.87M | $-40.31M | $-53.85M | $-41.46M | $297.00K | $5.03M | $9.01M | $414.00K | $2.11M | $-3.62M | $6.11M | $17.70M | $12.69M |
| Operating Margin % | -24.2% | -24.2% | -51.6% | -27.7% | -24.8% | -17.1% | 0.2% | 3.2% | 6.5% | 0.4% | 1.6% | -3.0% | 2.9% | 7.8% | 6.7% |
| Interest Expense | $482.00K | $482.00K | $563.00K | $786.00K | $874.00K | $777.00K | $7.26M | $7.47M | $7.26M | $6.69M | $5.46M | $5.64M | $5.48M | $6.63M | $6.26M |
| Other Income/Expense | $3.23M | $3.23M | $4.02M | $6.71M | $1.35M | $-921.00K | $-255.00K | $201.00K | $12.00K | $11.00K | $18.00K | $19.00K | $239.00K | $470.00K | $319.00K |
| Income Before Tax | $-37.21M | $-37.21M | $-52.49M | $-34.39M | $-53.37M | $-43.16M | $6.79M | $-2.24M | $1.77M | $-6.26M | $-3.33M | $-9.24M | $867.00K | $16.73M | $6.74M |
| Income Tax Expense | $-663.00K | $-663.00K | $26.00K | $36.00K | $54.00K | $-28.00K | $-46.00K | $-104.00K | $31.00K | $-2.77M | $334.00K | $4.26M | $1.68M | $7.23M | $3.24M |
| Net Income | $-36.55M | $-36.55M | $-52.52M | $-34.42M | $-53.43M | $-43.13M | $1.69M | $-6.40M | $-1.64M | $-5.83M | $-7.17M | $-15.94M | $-2.62M | $7.43M | $1.45M |
| Net Margin % | -22.2% | -22.2% | -48.5% | -23.7% | -24.6% | -17.8% | 0.9% | -4.0% | -1.2% | -5.4% | -5.3% | -13.2% | -1.3% | 3.3% | 0.8% |
| Basic EPS | nan | -0.50 | -0.73 | -0.50 | -0.79 | -0.65 | 0.04 | -0.17 | -0.04 | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.50 | -0.73 | -0.50 | -0.79 | -0.65 | 0.04 | -0.17 | -0.04 | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 59K | 72.9M | 71.8M | 69.3M | 67.6M | 66.4M | 41.6M | 37.7M | 36.8M | - | - | - | - | - | - |
| Diluted Shares Outstanding | 59K | 72.9M | 71.8M | 69.3M | 67.6M | 66.4M | 42.9M | 37.7M | 36.8M | - | - | - | - | - | - |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $53.18M | $54.58M | $99.26M | $119.31M | $126.56M | $106.05M | $6.75M | $72.00K | $600.00K | $659.00K | $58.00K | $94.00K | $229.00K | $220.00K |
| Accounts Receivable | $17.00M | $19.17M | $30.42M | $40.07M | $59.84M | $30.91M | $27.94M | $34.54M | $24.52M | $19.09M | $19.05M | $45.63M | $33.88M | $36.95M |
| Inventory | $996.00K | $1.78M | $1.42M | $2.88M | $1.25M | $3.31M | $1.97M | $4.39M | $13.52M | $3.55M | $2.90M | $4.88M | $10.28M | $14.71M |
| Other Current Assets | $3.66M | $793.00K | $1.37M | $893.00K | $732.00K | $786.00K | $2.91M | $1.99M | $1.44M | $1.52M | $3.10M | $1.27M | $2.25M | $2.94M |
| Total Current Assets | $94.41M | $91.42M | $139.99M | $167.96M | $191.71M | $144.11M | $40.24M | $41.23M | $42.15M | $25.00M | $25.84M | $52.46M | $52.11M | $57.88M |
| Property Plant & Equipment | $3.07M | $4.28M | $3.46M | $4.79M | $6.09M | $22.40M | $19.57M | $17.43M | $16.34M | $16.12M | $17.26M | $14.62M | $3.88M | $4.85M |
| Goodwill | $3.01M | $17.92M | $17.92M | $17.92M | $17.92M | $14.92M | $14.92M | $14.92M | $14.92M | $14.92M | $14.92M | $14.92M | $14.92M | $15.06M |
| Intangible Assets | $30.28M | $30.41M | $39.62M | $37.41M | $19.20M | $7.42M | - | - | - | - | $1.13M | $5.64M | $7.90M | $10.16M |
| Other Non-current Assets | $4.51M | $8.19M | $885.00K | $1.14M | $1.25M | $926.00K | $985.00K | $915.00K | $1.01M | $761.00K | $814.00K | $974.00K | $345.00K | $280.00K |
| Total Assets | $139.86M | $158.24M | $208.70M | $237.40M | $246.08M | $183.82M | $77.69M | $74.49M | $74.42M | $56.80M | $59.96M | $88.61M | $79.16M | $89.84M |
| Accounts Payable | $4.09M | $1.15M | - | - | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $6.90M | $4.45M | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $11.22M | $6.84M | $6.73M | $6.44M | $6.38M | $5.65M | $6.34M | - | $10.07M | $4.90M | $3.47M | $2.77M | $6.09M | $4.39M |
| Other Current Liabilities | $6.90M | $1.30M | $2.32M | $4.92M | $1.43M | $1.90M | $2.50M | $1.90M | $1.99M | $1.41M | $1.64M | $1.78M | $1.07M | $3.40M |
| Total Current Liabilities | $36.78M | $22.14M | $39.20M | $45.50M | $50.94M | $38.95M | $37.30M | $39.10M | $46.23M | $33.64M | $24.77M | $35.15M | $37.08M | $42.71M |
| Deferred Tax Liabilities | $53.00K | $813.00K | $813.00K | $758.00K | $723.00K | $652.00K | $621.00K | $818.00K | - | - | - | - | - | - |
| Other Non-current Liabilities | $159.00K | $91.00K | $44.00K | $297.00K | $935.00K | $1.87M | $724.00K | $838.00K | $872.00K | $919.00K | $882.00K | $490.00K | $53.00K | $124.00K |
| Total Liabilities | $43.91M | $31.10M | $49.70M | $65.04M | $65.83M | $56.71M | $214.31M | $206.59M | $210.46M | $186.78M | $184.35M | $188.02M | $175.95M | $194.19M |
| Common Stock | $111.00K | $111.00K | $109.00K | $106.00K | $105.00K | $103.00K | - | - | - | - | - | - | - | - |
| Retained Earnings | $-363.89M | $-327.35M | $-274.83M | $-240.41M | $-186.98M | $-143.84M | $-145.53M | $-139.13M | $-141.37M | $-135.54M | $-128.36M | $-100.13M | $-97.52M | $-104.95M |
| Total Stockholders Equity | $95.95M | $127.14M | $159.00M | $172.35M | $180.25M | $127.10M | $-141.14M | $-134.72M | $-136.95M | $-132.21M | $-125.02M | $-99.86M | $-97.26M | $-104.73M |
| Total Liabilities & Equity | $139.86M | $158.24M | $208.70M | $237.40M | $246.08M | $183.82M | $77.69M | $74.49M | $74.42M | $56.80M | $59.96M | $88.61M | $79.16M | $89.84M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-45.15M | $-36.55M | $-52.52M | $-34.42M | $-53.43M | $-43.13M | $1.69M | $-6.40M | $-1.64M | $-5.83M | $-7.17M | $-15.94M | $-2.62M | $7.43M | $1.45M |
| Depreciation & Amortization | $18.63M | $11.45M | $11.87M | $9.43M | $5.89M | $5.62M | $5.35M | $4.97M | $3.03M | $2.00M | $2.90M | $4.29M | $3.82M | $3.81M | $2.73M |
| Stock-based Compensation | $52.00M | $30.15M | $21.41M | $24.40M | $64.66M | $60.23M | $4.00K | - | - | $50.00K | - | - | $43.00K | - | - |
| Deferred Income Tax | $-737.00K | $-760.00K | - | $55.00K | $35.00K | $70.00K | $31.00K | $-197.00K | $77.00K | $-2.71M | $192.00K | $5.11M | $195.00K | $2.04M | $-809.00K |
| Change in Receivables | $-2.68M | $-2.17M | $-11.27M | $-9.49M | $-19.68M | $28.94M | $2.56M | $-6.19M | $9.92M | $5.42M | $-14.00K | $-3.36M | $11.76M | $-3.12M | $-17.12M |
| Change in Inventory | - | - | $471.00K | $-1.46M | $1.63M | $-2.05M | $1.34M | $-2.05M | $-9.10M | $10.04M | $866.00K | $-352.00K | $-5.39M | $-4.32M | $7.23M |
| Change in Payables | - | $2.72M | $-7.12M | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $49.34M | $30.18M | $-25.94M | $1.59M | $16.51M | $7.26M | $-2.10M | $11.82M | $6.27M | $-591.00K | $13.86M | $2.72M | $4.81M | $16.05M | $14.90M |
| Capital Expenditure | $1.12M | $739.00K | $2.25M | $926.00K | $1.01M | $3.20M | $780.00K | $4.09M | $2.46M | $748.00K | $624.00K | $394.00K | $539.00K | $591.00K | $596.00K |
| Purchases of Investments | - | - | $3.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-15.91M | $-8.91M | $-16.76M | $-15.48M | $-13.72M | $-19.09M | $-7.46M | $-6.53M | $-4.11M | $-2.23M | $-624.00K | $-394.00K | $-539.00K | $-591.00K | $-8.60M |
| Stock Issued | - | - | - | - | - | $64.27M | $272.81M | - | - | - | - | - | - | - | - |
| Stock Repurchased | - | $13.63M | - | $139.00K | $11.14M | $1.25M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-29.20M | $-22.66M | $-1.98M | $-6.15M | $-9.91M | $32.35M | $108.86M | $1.40M | $-2.68M | $2.76M | $-12.63M | $-2.30M | $-4.41M | $-15.45M | $-6.20M |
| Net Change in Cash | $4.24M | $-1.40M | $-44.68M | $-20.04M | $-7.12M | $20.52M | $99.29M | $6.68M | $-528.00K | $-59.00K | $601.00K | $26.00K | $-135.00K | $9.00K | $104.00K |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.