$18.34M
Revenue
$-11.31M
Net Income
68.67%
Gross Margin
-25.56%
Op. Margin
$-1.98M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $18.34M | $11.56M | $10.91M | $20.96M | $12.44M | $7.54M | $10.04M | $11.04M | $24.38M | $47.36M | $22.79M | $33.01M | $15.21M | $16.16M | $14.54M |
| Revenue Growth % | 58.6% | 6.0% | -47.9% | 68.4% | 65.0% | -24.9% | -9.0% | -54.7% | -48.5% | 107.9% | -31.0% | 117.0% | -5.9% | 11.2% | nan% |
| Cost of Revenue | $5.75M | $2.58M | $2.13M | $2.57M | $2.10M | $1.79M | $2.21M | $3.32M | $3.68M | $947.00K | $925.00K | $900.00K | $725.00K | $4.22M | $4.32M |
| Gross Profit | $12.60M | $8.98M | $8.79M | $18.39M | $10.34M | $5.75M | $7.83M | $7.71M | $20.70M | $46.42M | $21.86M | $32.11M | $14.49M | $11.94M | $10.23M |
| Gross Margin % | 68.7% | 77.7% | 80.5% | 87.7% | 83.1% | 76.2% | 77.9% | 69.9% | 84.9% | 98.0% | 95.9% | 97.3% | 95.2% | 73.9% | 70.3% |
| Operating Expenses | - | - | - | - | - | - | - | $14.87M | $13.29M | $23.89M | $13.45M | $13.10M | $15.75M | $18.56M | $21.82M |
| Operating Income | $-4.69M | $-7.35M | $-3.35M | $9.61M | $1.64M | $-2.55M | $-796.00K | $-3.83M | $11.09M | $23.47M | $9.33M | $19.91M | $-540.00K | $-2.39M | $-7.28M |
| Operating Margin % | -25.6% | -63.6% | -30.6% | 45.8% | 13.2% | -33.8% | -7.9% | -34.7% | 45.5% | 49.6% | 41.0% | 60.3% | -3.5% | -14.8% | -50.1% |
| Interest Expense | - | - | - | - | $9.00K | $21.00K | $106.00K | $78.00K | $99.00K | $2.22M | $2.00M | $2.20M | $2.50M | $2.58M | $2.43M |
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | $-2.27M | $10.00K | $14.00K | $27.00K |
| Other Income/Expense | $1.18M | $924.00K | $707.00K | $71.00K | $13.00K | $894.00K | - | - | - | - | - | - | - | - | - |
| Income Before Tax | - | - | - | - | - | - | - | - | - | - | - | - | $-3.03M | $-4.96M | $-9.68M |
| Income Tax Expense | - | - | - | - | - | - | $5.00M | $-5.00M | - | - | - | - | - | - | $-134.00K |
| Net Income | $-11.31M | $-7.39M | $-3.08M | $1.79M | $-3.42M | $-2.60M | $-10.37M | $498.00K | $10.90M | $21.81M | $6.81M | $17.64M | $-1.16M | $-4.60M | $5.08M |
| Net Margin % | -61.6% | -63.9% | -28.2% | 8.5% | -27.5% | -34.5% | -103.2% | 4.5% | 44.7% | 46.1% | 29.9% | 53.4% | -7.7% | -28.5% | 34.9% |
| Basic EPS | -0.58 | -0.38 | -150.00 | 0.09 | -0.18 | nan | nan | nan | nan | nan | nan | nan | nan | nan | 0.27 |
| Diluted EPS | nan | -0.38 | -0.15 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | 0.27 |
| Breakdown | 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.83M | $5.70M | $8.50M | $5.60M | $869.00K | $683.00K | $624.00K | $1.03M | $602.00K | $1.09M | $415.00K | $359.00K | $829.00K | $890.00K |
| Accounts Receivable | $5.02M | $1.17M | $892.00K | $1.10M | $1.36M | $1.17M | $897.00K | $940.00K | $1.50M | $1.53M | $1.27M | $1.20M | $1.14M | $1.46M |
| Other Current Assets | $507.00K | $467.00K | $368.00K | $333.00K | $80.00K | $101.00K | $37.00K | $159.00K | $190.00K | $208.00K | $170.00K | $596.00K | $466.00K | $684.00K |
| Total Current Assets | $15.13M | $10.00M | $15.22M | $10.18M | $9.75M | $9.55M | $4.27M | $2.34M | $2.75M | $3.08M | $1.86M | $2.90M | $4.92M | $5.32M |
| Property Plant & Equipment | $17.40M | $16.06M | $15.88M | $17.00M | $18.51M | $19.72M | $29.22M | $30.68M | $25.74M | $32.52M | $36.07M | $40.18M | $45.50M | $48.64M |
| Other Non-current Assets | $17.61M | $16.16M | $11.31M | $10.74M | $10.21M | $9.85M | $14.61M | $11.78M | $10.38M | $11.00M | $11.35M | $10.67M | $11.07M | $10.11M |
| Total Assets | $50.14M | $42.22M | $42.41M | $37.92M | $38.47M | $39.12M | $48.10M | $44.80M | $38.88M | $46.60M | $49.27M | $53.75M | $61.48M | $64.07M |
| Deferred Revenue | $833.00K | $217.00K | $227.00K | $217.00K | $260.00K | - | - | - | - | - | - | - | - | $108.00K |
| Other Current Liabilities | $730.00K | $465.00K | $480.00K | $509.00K | $453.00K | $503.00K | $460.00K | $203.00K | $604.00K | $727.00K | $1.08M | $2.22M | $1.95M | $1.90M |
| Total Current Liabilities | $11.20M | $2.48M | $2.31M | $2.40M | $2.95M | $2.95M | $4.70M | $1.85M | $2.40M | $43.86M | $5.96M | $54.60M | $14.69M | $12.50M |
| Long-term Debt | - | - | - | - | - | $1.03M | - | $1.24M | $6.86M | - | $47.64M | - | $45.20M | $45.52M |
| Other Non-current Liabilities | $24.00K | $14.00K | $30.00K | $53.00K | $83.00K | $64.00K | $54.00K | $44.00K | $40.00K | $216.00K | $3.64M | $5.05M | $5.57M | $4.42M |
| Total Liabilities | $16.96M | $7.52M | $8.63M | $14.33M | $18.40M | - | - | - | - | - | - | - | - | - |
| Common Stock | $85.88M | $84.68M | $83.39M | $82.38M | $81.48M | $80.61M | $79.41M | $78.58M | $78.12M | $77.63M | $77.11M | $76.81M | $76.41M | $75.93M |
| Retained Earnings | $-61.01M | $-53.62M | $-50.54M | $-52.32M | $-48.90M | $-46.30M | $-35.93M | $-36.43M | $-47.33M | $-69.15M | $-75.96M | $-93.59M | $-92.43M | $-87.83M |
| Total Stockholders Equity | $33.18M | $34.70M | $33.77M | $23.59M | $20.07M | $22.69M | $30.92M | $31.14M | $17.74M | $-10.94M | $-15.18M | $-27.23M | $-34.36M | $-26.25M |
| Total Liabilities & Equity | $50.14M | $42.22M | $42.41M | $37.92M | $38.47M | $39.12M | $48.10M | $44.80M | $38.88M | $46.60M | $49.27M | $53.75M | $61.48M | $64.07M |
| Breakdown | TTM (Sep 30, 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-11.31M | $-7.39M | $-3.08M | $1.79M | $-3.42M | $-2.60M | $-10.37M | $498.00K | $10.90M | $21.81M | $6.81M | $17.64M | $-1.16M | - | - |
| Depreciation & Amortization | - | $723.00K | $785.00K | $1.12M | $1.30M | $1.40M | $1.50M | $1.84M | $1.94M | $2.99M | $2.31M | $2.51M | $2.87M | $3.22M | $4.03M |
| Stock-based Compensation | - | - | - | - | - | - | - | - | $448.00K | $315.00K | $187.00K | $271.00K | $425.00K | $489.00K | $646.00K |
| Change in Receivables | - | $4.08M | $416.00K | $-183.00K | $-191.00K | $388.00K | $184.00K | $-43.00K | $-563.00K | $-25.00K | $256.00K | $-69.00K | $65.00K | $-326.00K | $-131.00K |
| Change in Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.56M |
| Change in Payables | - | $873.00K | $102.00K | $9.00K | $-319.00K | $-457.00K | $-668.00K | $1.33M | - | - | - | - | - | - | - |
| Operating Cash Flow | $-1.98M | $370.00K | $-1.37M | $6.26M | $1.39M | $2.20M | $1.77M | $882.00K | $8.35M | $33.88M | - | $-2.74M | $-3.59M | $-3.77M | $-10.22M |
| Capital Expenditure | - | $1.87M | $618.00K | - | $29.00K | $81.00K | $712.00K | $311.00K | - | $268.00K | - | $31.00K | $4.00K | $209.00K | $1.02M |
| Investing Cash Flow | $2.54M | $-2.10M | $-864.00K | $-3.02M | $4.10M | $-517.00K | $-990.00K | $-706.00K | $-1.52M | $-331.00K | - | $2.18M | $3.79M | $102.00K | $9.17M |
| Debt Repayment | $471.00K | $21.00K | - | - | $800.00K | $2.23M | $1.70M | $500.00K | $5.92M | $61.21M | $10.21M | $2.32M | $8.07M | $1.45M | $10.38M |
| Financing Cash Flow | $-1.03M | $2.87M | $-574.00K | $-335.00K | $-760.00K | $-1.50M | $-723.00K | $-581.00K | $-6.40M | $-34.03M | - | $614.00K | $-675.00K | $3.61M | $-154.00K |
| Net Change in Cash | $-464.00K | $1.14M | $-2.81M | $2.91M | $4.73M | $186.00K | $59.00K | $-405.00K | $427.00K | $-485.00K | $672.00K | $56.00K | $-470.00K | $-61.00K | $-1.21M |
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 | $4.53M | $3.03M | $14.93M | $8.15M |
| Operating Income | $-360.00K | $-2.23M | $-2.85M | $-5.52M |
| Other Income/Expense | $71.00K | $75.00K | $525.00K | $271.00K |
| Net Income | $240.00K | $-2.24M | $-9.40M | $-5.48M |
| Basic EPS | 0.01 | -0.11 | -0.48 | -0.28 |
| Diluted EPS | - | - | -0.48 | -0.27 |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.93M | $6.83M |
| Accounts Receivable | $2.41M | $5.02M |
| Other Current Assets | $1.06M | $507.00K |
| Total Current Assets | $10.12M | $15.13M |
| Property Plant & Equipment | $17.53M | $17.40M |
| Other Non-current Assets | $18.19M | $17.61M |
| Total Assets | $45.84M | $50.14M |
| Deferred Revenue | $904.00K | $833.00K |
| Other Current Liabilities | $564.00K | $730.00K |
| Total Current Liabilities | $7.35M | $11.20M |
| Other Non-current Liabilities | $125.00K | $24.00K |
| Total Liabilities | $12.12M | $16.96M |
| Common Stock | $87.32M | $85.88M |
| Retained Earnings | $-70.41M | $-61.01M |
| Total Stockholders Equity | $33.72M | $33.18M |
| Total Liabilities & Equity | $45.84M | $50.14M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $240.00K | $-2.24M | $-9.40M | $-5.48M |
| Operating Cash Flow | - | - | $-1.65M | $147.00K |
| Investing Cash Flow | - | - | $90.00K | $-2.62M |
| Debt Repayment | - | - | $130.00K | - |
| Financing Cash Flow | - | - | $-353.00K | $2.91M |
| Net Change in Cash | - | - | $-1.91M | $438.00K |
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.