$4.50M
Revenue
$-4.95M
Net Income
1914.62%
Gross Margin
-113.47%
Op. Margin
$1.04M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.50M | $4.50M | $2.90M | $80.42M | $82.03M | $79.57M |
| Revenue Growth % | 0.0% | 55.2% | -96.4% | -2.0% | 3.1% | nan% |
| Cost of Revenue | $12.80M | $12.79M | $12.55M | $11.63M | $10.91M | $10.53M |
| Gross Profit | $86.16M | $86.16M | $77.81M | $68.79M | $71.12M | $69.05M |
| Gross Margin % | 1914.6% | 1914.6% | 2683.1% | 85.5% | 86.7% | 86.8% |
| Operating Expenses | $91.26M | $91.26M | $83.74M | $73.36M | $71.39M | $67.06M |
| Operating Income | $-5.11M | $-5.10M | $-5.93M | $-4.57M | $-265.00K | $1.99M |
| Operating Margin % | -113.5% | -113.4% | -204.6% | -5.7% | -0.3% | 2.5% |
| Interest Expense | $726.00K | $371.00K | $586.00K | $481.00K | $301.00K | $1.14M |
| Other Income/Expense | $12.00K | $11.00K | $501.00K | $-467.00K | $-268.00K | $-265.00K |
| Income Before Tax | $-5.09M | $-5.09M | $-5.43M | $-5.54M | $-2.53M | $1.72M |
| Income Tax Expense | $192.00K | $192.00K | $-34.00K | $60.00K | $202.00K | $-2.01M |
| Net Income | $-4.95M | $-4.49M | $-5.40M | $-5.59M | $-3.10M | $3.73M |
| Net Margin % | -109.9% | -99.9% | -186.1% | -7.0% | -3.8% | 4.7% |
| Basic EPS | nan | -0.18 | -0.22 | -0.27 | -0.15 | 0.19 |
| Diluted EPS | nan | -0.18 | -0.22 | -0.27 | -0.15 | 0.19 |
| Basic Shares Outstanding | 47K | 24.9M | 23.3M | 21.5M | 20.7M | 19.3M |
| Diluted Shares Outstanding | 47K | 24.9M | 23.3M | 21.5M | 20.7M | 19.8M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $13.54M | $5.86M | $7.77M | $11.56M | $10.27M |
| Accounts Receivable | $5.44M | $5.56M | $4.11M | $2.96M | $2.73M |
| Other Current Assets | $3.53M | $2.51M | $2.02M | $2.66M | $1.99M |
| Total Current Assets | $22.50M | $15.74M | $16.08M | $17.17M | $14.98M |
| Property Plant & Equipment | $26.96M | $26.88M | $26.30M | $25.21M | - |
| Goodwill | $33.98M | $31.94M | $31.94M | $31.94M | $28.87M |
| Intangible Assets | $14.74M | $15.55M | - | - | - |
| Total Assets | $154.65M | $141.22M | $130.27M | $138.30M | $133.68M |
| Short-term Debt | - | - | $155.00K | $894.00K | $860.00K |
| Deferred Revenue | $18.50M | $19.27M | $15.86M | $14.12M | $14.85M |
| Total Current Liabilities | $37.96M | $41.83M | $31.43M | $27.37M | $29.81M |
| Long-term Debt | $5.45M | - | $5.80M | $14.96M | $6.11M |
| Deferred Tax Liabilities | $603.00K | $501.00K | $551.00K | $499.00K | $309.00K |
| Total Liabilities | $52.52M | $47.20M | $43.49M | $49.32M | $43.46M |
| Retained Earnings | $-94.92M | $-90.43M | $-85.19M | $-75.20M | $-72.10M |
| Treasury Stock | $525.00K | $169.00K | - | - | - |
| Total Stockholders Equity | $87.95M | $80.67M | $85.50M | $84.79M | $90.22M |
| Total Liabilities & Equity | $154.65M | $141.22M | $130.27M | $138.30M | $133.68M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-4.95M | $-4.49M | $-5.40M | $-5.59M | $-3.10M | $3.73M |
| Depreciation & Amortization | $14.42M | $8.05M | $8.58M | $7.83M | $15.94M | $13.14M |
| Deferred Income Tax | - | $102.00K | $-50.00K | - | - | - |
| Change in Receivables | $88.00K | $-140.00K | $1.54M | $1.16M | $227.00K | $682.00K |
| Change in Payables | $2.95M | $2.12M | $288.00K | $4.66M | $-1.70M | - |
| Operating Cash Flow | $10.55M | $5.67M | $6.92M | $5.87M | $11.52M | $20.87M |
| Capital Expenditure | $9.52M | $6.05M | $4.98M | $5.27M | $8.42M | $17.34M |
| Purchases of Investments | - | $2.00M | - | - | - | - |
| Investing Cash Flow | $-13.51M | $-10.05M | $-15.00M | $-5.28M | $-19.10M | $-23.86M |
| Debt Repayment | - | - | $19.68M | $38.07M | - | - |
| Stock Issued | $21.04M | $7.03M | $33.00K | $4.96M | $43.00K | $815.00K |
| Stock Repurchased | - | - | - | $169.00K | - | - |
| Financing Cash Flow | $25.93M | $12.05M | $6.17M | $-4.38M | $8.88M | $655.00K |
| Net Change in Cash | $22.97M | $7.68M | $-1.91M | $-3.80M | $1.29M | $-2.34M |
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 | $24.98M | - | $73.46M | - |
| Cost of Revenue | $3.41M | - | $9.63M | - |
| Gross Profit | $21.57M | - | $63.83M | - |
| Operating Expenses | $22.82M | - | $68.28M | - |
| Operating Income | $-1.24M | - | $-4.45M | - |
| Interest Expense | - | - | $290.00K | - |
| Other Income/Expense | $22.00K | - | $9.00K | - |
| Income Before Tax | $-1.22M | - | $-4.44M | - |
| Income Tax Expense | $12.00K | - | $61.00K | - |
| Net Income | $-1.15M | $-2.16M | $-3.97M | - |
| Basic EPS | -0.05 | - | -0.16 | - |
| Diluted EPS | -0.05 | - | -0.16 | - |
| Basic Shares Outstanding | $25.04M | - | $24.80M | - |
| Diluted Shares Outstanding | $25.04M | - | $24.80M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $14.16M | $5.86M |
| Accounts Receivable | $5.62M | $5.56M |
| Other Current Assets | $3.70M | $2.51M |
| Total Current Assets | $23.49M | $15.74M |
| Property Plant & Equipment | $25.65M | $26.88M |
| Goodwill | $33.98M | $31.94M |
| Intangible Assets | $14.95M | $15.55M |
| Total Assets | $151.09M | $141.22M |
| Deferred Revenue | $19.29M | $19.27M |
| Total Current Liabilities | $44.82M | $41.83M |
| Deferred Tax Liabilities | $526.00K | $501.00K |
| Total Liabilities | $49.55M | $47.20M |
| Retained Earnings | $-94.40M | $-90.43M |
| Total Stockholders Equity | $86.27M | $80.67M |
| Total Liabilities & Equity | $151.09M | $141.22M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.15M | $-2.16M | $-3.97M | - |
| Depreciation & Amortization | - | - | $6.14M | - |
| Change in Receivables | - | - | $46.00K | - |
| Change in Payables | - | - | $750.00K | - |
| Operating Cash Flow | - | - | $3.91M | - |
| Capital Expenditure | - | - | $4.36M | - |
| Purchases of Investments | - | - | $2.00M | - |
| Investing Cash Flow | - | - | $-6.36M | - |
| Stock Issued | - | - | $7.03M | - |
| Financing Cash Flow | - | - | $10.76M | - |
| Net Change in Cash | - | - | $8.30M | - |
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.