$98.14M
Revenue
$-4.36M
Net Income
77.96%
Gross Margin
-5.36%
Op. Margin
$-5.07M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $98.14M | $83.79M | $73.91M | $75.60M | $59.83M | $44.64M | $61.53M | $73.33M | $79.55M | $71.53M | $70.44M |
| Revenue Growth % | 17.1% | 13.4% | -2.2% | 26.4% | 34.0% | -27.4% | -16.1% | -7.8% | 11.2% | 1.6% | nan% |
| Cost of Revenue | $21.63M | $12.03M | $10.48M | $30.24M | $15.93M | $8.30M | $22.70M | $29.92M | $36.67M | $21.36M | $23.72M |
| Gross Profit | $76.51M | $71.76M | $63.43M | $45.36M | $43.90M | $36.34M | $38.82M | $43.41M | $42.88M | $50.17M | $46.72M |
| Gross Margin % | 78.0% | 85.6% | 85.8% | 60.0% | 73.4% | 81.4% | 63.1% | 59.2% | 53.9% | 70.1% | 66.3% |
| Operating Expenses | $81.77M | $77.27M | $73.83M | $58.01M | $51.68M | $44.39M | $46.56M | $48.88M | $47.12M | $51.02M | $44.57M |
| Selling General & Admin | - | - | - | $8.62M | $7.20M | $7.63M | $8.67M | $8.50M | $8.34M | $5.00M | $4.65M |
| Operating Income | $-5.26M | $-5.51M | $-10.39M | $-12.65M | $-7.77M | $-8.05M | $-7.74M | $-5.47M | $-4.24M | $-857.17K | $2.15M |
| Operating Margin % | -5.4% | -6.6% | -14.1% | -16.7% | -13.0% | -18.0% | -12.6% | -7.5% | -5.3% | -1.2% | 3.0% |
| Interest Expense | $859.74K | $337.96K | $105.15K | $18.61K | $55.48K | $207.21K | $421.86K | $388.76K | $268.96K | $72.75K | $122.14K |
| Other Income/Expense | - | - | $14.67K | $-435.55K | $256.98K | $997.52K | $3.40M | $-420.45K | $-318.19K | $-99.97K | $-141.31K |
| Income Before Tax | - | $-5.75M | $-10.41M | - | - | $-7.30M | $-4.82M | $-5.89M | $-4.55M | $-957.13K | $2.01M |
| Income Tax Expense | $10.71K | $8.03K | $17.76K | - | - | - | $-334.39K | - | $-1.50M | $-29.26K | $-300.14K |
| Net Income | $-4.36M | $-5.76M | $-10.39M | $-13.11M | $-7.60M | $-7.30M | $-4.49M | $-5.89M | $-3.06M | $-772.58K | $2.34M |
| Net Margin % | -4.4% | -6.9% | -14.1% | -17.3% | -12.7% | -16.4% | -7.3% | -8.0% | -3.8% | -1.1% | 3.3% |
| Basic EPS | nan | nan | nan | -0.11 | -0.06 | -0.09 | -0.11 | -0.19 | -0.11 | -0.03 | 0.10 |
| Diluted EPS | nan | -0.04 | -0.08 | -0.11 | -0.06 | -0.09 | -0.11 | nan | nan | nan | nan |
| Basic Shares Outstanding | 14.6M | 140.0M | 131.1M | 119.8M | 117.6M | 77.5M | 40.5M | 31.0M | 28.2M | 24.7M | 24.2M |
| Diluted Shares Outstanding | 14.6M | 140.0M | 131.1M | 119.8M | 117.6M | 77.5M | 40.5M | 31.0M | 28.2M | 24.7M | 24.5M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | $2.93M | $10.48M | $7.89M | $372.99K | $228.96K | $4.08M | $3.95M | $4.26M |
| Short-term Investments | - | - | $1.53M | $1.93M | - | - | - | - | - | - |
| Accounts Receivable | $12.55M | $9.23M | $11.12M | $9.27M | $6.23M | $7.53M | $6.71M | $10.76M | $7.59M | $7.00M |
| Total Current Assets | $15.64M | $14.74M | $16.38M | $23.08M | $14.53M | $8.15M | $7.21M | $15.24M | $11.83M | $11.62M |
| Property Plant & Equipment | $1.79M | $1.68M | $1.67M | $1.51M | $1.19M | $1.37M | $2.12M | $2.31M | $1.62M | $1.81M |
| Goodwill | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $5.76M | $5.76M |
| Intangible Assets | $3.89M | $4.66M | $5.65M | $6.72M | $8.59M | $10.45M | $9.44M | $10.81M | $8.34M | $9.32M |
| Long-term Investments | - | - | $660.13K | $859.51K | - | - | - | - | - | - |
| Other Non-current Assets | $78.34K | $53.35K | $66.92K | $35.72K | $20.89K | $865.18K | $35.17K | $36.07K | $15.19K | $224.76K |
| Total Assets | $32.20M | $32.37M | $35.56M | $44.00M | $35.18M | $30.69M | $28.67M | $38.25M | $27.56M | $28.73M |
| Accounts Payable | $8.42M | $6.43M | $8.04M | $4.84M | $4.05M | $7.52M | $9.50M | $13.61M | $9.28M | $10.08M |
| Accrued Liabilities | $9.19M | $7.93M | $5.16M | $5.37M | $4.22M | $4.06M | $2.49M | $2.89M | $2.69M | $3.17M |
| Total Current Liabilities | $17.89M | $14.53M | $13.60M | $10.66M | $8.73M | $15.68M | $14.10M | $21.40M | $11.97M | $13.25M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $97.27K | $89.24K | $107.00K | $107.00K | $107.00K | $2.02M | $2.34M | $2.33M | $3.74M | - |
| Other Non-current Liabilities | - | $216.00 | $10.73K | $13.30K | $573.96K | $452.05K | $193.01K | $426.73K | $326.43K | $722.72K |
| Common Stock | $140.50K | $137.98K | $120.14K | $118.75K | $98.04K | $52.22K | $32.76K | $29.00K | $25.30K | $24.75K |
| Retained Earnings | $-173.21M | $-167.45M | $-157.06M | $-143.95M | $-136.35M | $-130.96M | $-126.47M | $-120.58M | $-117.52M | $-116.75M |
| Treasury Stock | - | - | - | - | - | $1.40M | $1.40M | $1.40M | $1.40M | $1.40M |
| Total Stockholders Equity | $13.47M | $16.98M | $21.75M | $32.81M | $25.29M | $12.54M | $11.03M | $14.09M | $11.53M | $10.96M |
| Total Liabilities & Equity | $32.20M | $32.37M | $35.56M | $44.00M | $35.18M | $30.69M | $28.67M | $38.25M | $27.56M | $28.73M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-5.62M | $-5.76M | $-10.39M | $-13.11M | $-7.60M | $-7.30M | $-4.49M | $-5.89M | $-3.06M | $-772.58K | $2.34M |
| Depreciation & Amortization | $3.95M | $2.52M | $2.66M | $2.60M | $3.14M | $3.24M | $3.25M | $3.18M | $3.03M | $2.21M | $1.81M |
| Stock-based Compensation | $2.16M | $1.50M | $1.99M | $2.35M | $2.18M | $858.68K | $789.91K | $915.47K | $1.28M | $1.26M | $707.54K |
| Deferred Income Tax | $16.06K | $8.03K | $-17.76K | - | - | - | $-334.39K | - | - | - | - |
| Change in Receivables | $-2.15M | $1.88M | $-1.11M | $3.12M | $3.05M | $-1.32M | $973.52K | $-4.06M | $1.22M | $583.08K | $2.00M |
| Operating Cash Flow | $-2.07M | $229.55K | $-2.55M | $-5.57M | $-5.28M | $-5.60M | $-5.34M | $-2.10M | $-1.15M | - | - |
| Capital Expenditure | $3.00M | $1.86M | $1.68M | $1.69M | $1.60M | $1.19M | $1.19M | $1.63M | $1.56M | $1.12M | $1.53M |
| Purchases of Investments | - | - | - | $1.69M | $3.14M | - | - | - | - | - | - |
| Investing Cash Flow | $-3.00M | $-1.86M | $606.19K | $-1.67M | $-4.60M | $-1.19M | $-1.19M | $-1.63M | $-1.32M | $-1.12M | $-1.53M |
| Stock Issued | - | - | $3.67M | - | $13.14M | $16.43M | $4.41M | $2.00M | - | - | - |
| Stock Repurchased | - | - | - | - | - | - | - | - | $44.77K | $22.50K | - |
| Financing Cash Flow | $5.64M | $-353.39K | $3.46M | $-304.43K | $12.46M | $14.30M | $6.68M | $-120.64K | $2.61M | $-247.05K | $-4.04M |
| Net Change in Cash | - | - | $1.51M | $-7.54M | $2.59M | $7.52M | $144.03K | $-3.86M | $137.88K | $-310.40K | $542.68K |
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 | $22.57M | - | $71.95M | - |
| Cost of Revenue | $6.00M | - | $17.20M | - |
| Gross Profit | $16.57M | - | $54.75M | - |
| Operating Expenses | $18.24M | - | $60.23M | - |
| Operating Income | $-1.67M | - | $-5.48M | - |
| Interest Expense | - | - | $372.35K | - |
| Income Tax Expense | $5.35K | - | $8.03K | - |
| Net Income | $-1.74M | $-1.75M | $-4.50M | - |
| Diluted EPS | -0.12 | - | -0.31 | - |
| Basic Shares Outstanding | $14.56M | - | $14.43M | - |
| Diluted Shares Outstanding | $14.56M | - | $14.43M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $9.93M | $12.55M |
| Other Current Assets | $706.20K | $639.80K |
| Total Current Assets | $14.02M | $15.64M |
| Property Plant & Equipment | $1.70M | $1.79M |
| Goodwill | $9.85M | $9.85M |
| Intangible Assets | $3.54M | $3.89M |
| Other Non-current Assets | $78.34K | $78.34K |
| Total Assets | $29.92M | $32.20M |
| Accounts Payable | $7.66M | $8.42M |
| Accrued Liabilities | $7.55M | $9.19M |
| Total Current Liabilities | $18.88M | $17.89M |
| Deferred Tax Liabilities | $105.29K | $97.27K |
| Common Stock | $144.86K | $140.50K |
| Retained Earnings | $-177.71M | $-173.21M |
| Total Stockholders Equity | $10.42M | $13.47M |
| Total Liabilities & Equity | $29.92M | $32.20M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.74M | $-1.75M | $-4.50M | - |
| Depreciation & Amortization | - | - | $1.69M | - |
| Stock-based Compensation | - | - | $842.89K | - |
| Deferred Income Tax | - | - | $8.03K | - |
| Change in Receivables | - | - | $-2.61M | - |
| Change in Payables | - | - | $-765.36K | - |
| Operating Cash Flow | - | - | $-1.81M | - |
| Capital Expenditure | - | - | $1.24M | - |
| Investing Cash Flow | - | - | $-1.24M | - |
| Stock Issued | - | - | $1.15M | - |
| Financing Cash Flow | - | - | $3.97M | - |
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.