$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) |
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 | $4.50M | $4.50M | $2.90M | $80.42M | $82.03M | $79.57M | $66.83M | $53.98M | $43.84M | $28.29M | $17.25M | $188.02M | $166.69M | $155.46M | $202.47M | $274.77M |
| Revenue Growth % | 0.0% | 55.2% | -96.4% | -2.0% | 3.1% | 19.1% | 23.8% | 23.1% | 55.0% | 64.0% | -90.8% | 12.8% | 7.2% | -23.2% | -26.3% | nan% |
| Cost of Revenue | $12.80M | $12.79M | $12.55M | $11.63M | $10.91M | $10.53M | $8.65M | $7.11M | $5.71M | $3.93M | $2.84M | $2.60M | $2.04M | $90.16M | $86.37M | $157.91M |
| Gross Profit | $86.16M | $86.16M | $77.81M | $68.79M | $71.12M | $69.05M | $58.18M | $46.87M | $38.14M | $24.36M | $14.40M | $84.77M | $75.50M | $65.31M | $116.10M | $116.86M |
| Gross Margin % | 1914.6% | 1914.6% | 2683.1% | 85.5% | 86.7% | 86.8% | 87.1% | 86.8% | 87.0% | 86.1% | 83.5% | 45.1% | 45.3% | 42.0% | 57.3% | 42.5% |
| Operating Expenses | $91.26M | $91.26M | $83.74M | $73.36M | $71.39M | $67.06M | $62.80M | $64.07M | $74.23M | $49.50M | $30.98M | $80.59M | $80.59M | $86.95M | $115.51M | $148.15M |
| Operating Income | $-5.11M | $-5.10M | $-5.93M | $-4.57M | $-265.00K | $1.99M | $-4.63M | $-17.20M | $-36.09M | $-25.14M | $-16.57M | $4.18M | $-5.09M | $-21.64M | $590.00K | $-31.29M |
| Operating Margin % | -113.5% | -113.4% | -204.6% | -5.7% | -0.3% | 2.5% | -6.9% | -31.9% | -82.3% | -88.9% | -96.1% | 2.2% | -3.1% | -13.9% | 0.3% | -11.4% |
| Interest Expense | $726.00K | $371.00K | $586.00K | $481.00K | $301.00K | $1.14M | $732.00K | $690.00K | $59.00K | - | - | $4.00K | $14.00K | $442.00K | $468.00K | $195.00K |
| Other Income/Expense | $12.00K | $11.00K | $501.00K | $-467.00K | $-268.00K | $-265.00K | $5.33M | $-643.00K | $355.00K | $515.00K | $-351.00K | $-1.41M | $-600.00K | $2.42M | $-86.00K | $-90.00K |
| Income Before Tax | $-5.09M | $-5.09M | $-5.43M | $-5.54M | $-2.53M | $1.72M | $699.00K | $-17.85M | $-35.74M | $-24.63M | $-16.93M | $2.31M | $-4.26M | $5.88M | $-18.25M | $-35.93M |
| Income Tax Expense | $192.00K | $192.00K | $-34.00K | $60.00K | $202.00K | $-2.01M | $180.00K | $45.00K | $-1.94M | $-925.00K | $-6.14M | $1.22M | $1.37M | $25.97M | $-5.67M | $-10.66M |
| Net Income | $-4.95M | $-4.49M | $-5.40M | $-5.59M | $-3.10M | $3.73M | $519.00K | $-18.15M | $-33.79M | $-23.27M | $87.07M | $-11.71M | $-9.92M | $-22.75M | $-12.88M | $-24.87M |
| Net Margin % | -109.9% | -99.9% | -186.1% | -7.0% | -3.8% | 4.7% | 0.8% | -33.6% | -77.1% | -82.3% | 504.8% | -6.2% | -5.9% | -14.6% | -6.4% | -9.1% |
| Basic EPS | nan | -0.18 | -0.22 | -0.27 | -0.15 | 0.19 | 0.03 | -1.00 | nan | nan | nan | nan | nan | -0.99 | -0.57 | -1.08 |
| Diluted EPS | nan | -0.18 | -0.22 | -0.27 | -0.15 | 0.19 | 0.03 | -1.00 | nan | nan | nan | nan | nan | -0.98 | -0.57 | -1.08 |
| Basic Shares Outstanding | 47K | 24.9M | 23.3M | 21.5M | 20.7M | 19.3M | 18.9M | 18.2M | - | - | - | 24.5M | 24.2M | 23.0M | 22.7M | 23.1M |
| Diluted Shares Outstanding | 47K | 24.9M | 23.3M | 21.5M | 20.7M | 19.8M | 19.3M | 18.2M | - | - | - | 24.6M | 24.2M | 23.1M | 22.7M | 23.1M |
| 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $13.54M | $5.86M | $7.77M | $11.56M | $10.27M | $12.61M | $11.49M | $29.96M | $32.78M | $54.03M | $13.77M | $15.77M | $32.23M | $9.86M | $14.54M |
| Accounts Receivable | $5.44M | $5.56M | $4.11M | $2.96M | $2.73M | $2.02M | $2.31M | $1.33M | $1.05M | $554.00K | $27.00M | $30.27M | $30.07M | $57.53M | $31.11M |
| Inventory | - | - | - | - | - | - | - | - | - | - | $17.30M | $20.15M | $20.27M | $29.84M | $29.20M |
| Other Current Assets | $3.53M | $2.51M | $2.02M | $2.66M | $1.99M | $1.75M | $2.44M | $3.19M | $3.08M | $1.30M | $14.84M | $12.00M | $8.08M | $2.46M | $1.97M |
| Total Current Assets | $22.50M | $15.74M | $16.08M | $17.17M | $14.98M | $16.38M | $16.25M | $34.49M | $36.91M | $55.88M | $72.92M | $78.77M | $95.25M | $126.41M | $94.33M |
| Property Plant & Equipment | $26.96M | $26.88M | $26.30M | $25.21M | - | - | - | - | - | - | $25.05M | $23.23M | $22.54M | $24.00M | $23.66M |
| Goodwill | $33.98M | $31.94M | $31.94M | $31.94M | $28.87M | $17.29M | $17.29M | $10.61M | $10.61M | $10.61M | $15.45M | $15.45M | $14.00M | $9.40M | $2.67M |
| Intangible Assets | $14.74M | $15.55M | - | - | - | - | - | - | - | - | $866.00K | $823.00K | $1.16M | $5.61M | $569.00K |
| Other Non-current Assets | - | - | - | - | - | - | - | - | - | - | $5.15M | $12.67M | $1.83M | $661.00K | $539.00K |
| Total Assets | $154.65M | $141.22M | $130.27M | $138.30M | $133.68M | $110.02M | $106.17M | $107.15M | $96.98M | $107.20M | $128.54M | $138.63M | $140.00M | $193.86M | $163.29M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | $19.38M | $18.84M | $11.70M | $26.74M | $21.07M |
| Short-term Debt | - | - | $155.00K | $894.00K | $860.00K | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | - | - | - | - | - | - | - | - | - | - | $20.36M | $19.86M | $17.50M | $3.98M | $11.05M |
| Deferred Revenue | $18.50M | $19.27M | $15.86M | $14.12M | $14.85M | $12.38M | $8.03M | $5.03M | $3.32M | $2.43M | $1.45M | - | - | - | - |
| Total Current Liabilities | $37.96M | $41.83M | $31.43M | $27.37M | $29.81M | $21.32M | $18.62M | $13.02M | $20.16M | $9.11M | $39.75M | $39.07M | $34.71M | $74.99M | $32.12M |
| Long-term Debt | $5.45M | - | $5.80M | $14.96M | $6.11M | $6.25M | $18.43M | $12.50M | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $603.00K | $501.00K | $551.00K | $499.00K | $309.00K | $257.00K | $206.00K | - | - | - | - | - | - | - | - |
| Total Liabilities | $52.52M | $47.20M | $43.49M | $49.32M | $43.46M | $35.78M | $37.26M | $25.69M | $20.83M | - | - | - | - | - | - |
| Retained Earnings | $-94.92M | $-90.43M | $-85.19M | $-75.20M | $-72.10M | $-75.83M | $-76.35M | $-58.20M | $-24.41M | $-969.00K | $-88.03M | $-76.33M | $-66.41M | $-43.66M | $-30.78M |
| Treasury Stock | $525.00K | $169.00K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Stockholders Equity | $87.95M | $80.67M | $85.50M | $84.79M | $90.22M | $74.23M | $68.91M | $81.47M | $76.15M | $97.54M | $83.94M | $94.79M | $101.43M | $116.07M | $128.11M |
| Total Liabilities & Equity | $154.65M | $141.22M | $130.27M | $138.30M | $133.68M | $110.02M | $106.17M | $107.15M | $96.98M | $107.20M | $128.54M | $138.63M | $140.00M | $193.86M | $163.29M |
| 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-4.95M | $-4.49M | $-5.40M | $-5.59M | $-3.10M | $3.73M | $519.00K | $-18.15M | $-33.79M | $-23.27M | $87.07M | $-11.71M | $-9.92M | $-22.75M | $-12.88M | $-24.87M |
| Depreciation & Amortization | $14.42M | $8.05M | $8.58M | $7.83M | $15.94M | $13.14M | $12.04M | $9.60M | $6.99M | $4.90M | $3.68M | $3.27M | $3.17M | - | - | - |
| Stock-based Compensation | - | - | - | - | - | - | - | - | - | $1.83M | $674.00K | $895.00K | $839.00K | $809.00K | $1.01M | $1.54M |
| Deferred Income Tax | - | $102.00K | $-50.00K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $88.00K | $-140.00K | $1.54M | $1.16M | $227.00K | $682.00K | $-130.00K | $976.00K | $279.00K | $501.00K | $161.00K | $-3.25M | $3.87M | $2.07M | $1.30M | $-2.19M |
| Change in Inventory | - | - | - | - | - | - | - | - | - | - | - | $-2.78M | $-56.00K | $-1.10M | $2.64M | $3.23M |
| Change in Payables | $2.95M | $2.12M | $288.00K | $4.66M | $-1.70M | - | - | - | - | - | - | $-2.46M | $5.54M | $-4.41M | $5.66M | $9.93M |
| Operating Cash Flow | $10.55M | $5.67M | $6.92M | $5.87M | $11.52M | $20.87M | $11.65M | $-2.57M | $-21.39M | $-20.79M | $-15.38M | $8.16M | $-8.97M | $-23.12M | $16.48M | $5.24M |
| Capital Expenditure | $9.52M | $6.05M | $4.98M | $5.27M | $8.42M | $17.34M | $13.33M | $18.70M | $18.86M | $12.51M | $6.59M | $6.38M | $4.41M | $3.39M | $3.81M | $5.83M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | $5.49M | $6.33M | $13.55M | - |
| Purchases of Investments | - | $2.00M | - | - | - | - | - | - | - | - | $10.00M | - | - | - | - | - |
| Investing Cash Flow | $-13.51M | $-10.05M | $-15.00M | $-5.28M | $-19.10M | $-23.86M | $-176.00K | $-20.27M | $-18.86M | $-13.01M | $145.21M | $-9.34M | $-8.44M | $64.98M | $-18.19M | $-10.79M |
| Debt Repayment | - | - | $19.68M | $38.07M | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | $21.04M | $7.03M | $33.00K | $4.96M | $43.00K | $815.00K | $249.00K | $287.00K | $37.43M | - | - | - | - | - | - | - |
| Stock Repurchased | - | - | - | $169.00K | - | - | - | - | - | - | $76.17M | - | - | - | - | $2.26M |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | - | $150.00K | - | $583.00K | - |
| Financing Cash Flow | $25.93M | $12.05M | $6.17M | $-4.38M | $8.88M | $655.00K | $-10.36M | $4.38M | $37.43M | $12.55M | $-77.07M | $-326.00K | $1.66M | $-19.19M | $-3.06M | $-8.63M |
| Net Change in Cash | $22.97M | $7.68M | $-1.91M | $-3.80M | $1.29M | $-2.34M | $1.11M | $-18.47M | $-2.81M | $-21.25M | $52.76M | $-2.00M | $-16.46M | $22.37M | $-4.69M | $-14.23M |
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.