$361.07M
Revenue
$-10.85M
Net Income
52.53%
Gross Margin
-0.20%
Op. Margin
$47.19M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $92.85M | $96.06M | $97.89M | $74.28M | $91.57M | $95.20M | $102.50M | $76.83M | $70.65M | $65.00M | $85.99M | $85.90M | $76.59M | $68.27M |
| Revenue Growth % (YoY) | 1.4% | 0.9% | -4.5% | -3.3% | 29.6% | 46.4% | 19.2% | -10.6% | -7.8% | -4.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $44.79M | $47.73M | $41.28M | $37.60M | $45.35M | $47.63M | $44.98M | $39.28M | $36.78M | $34.24M | $42.17M | $42.37M | $36.42M | $30.84M |
| Gross Profit | $48.05M | $48.33M | $56.61M | $36.68M | $46.22M | $47.57M | $57.52M | $37.55M | $33.87M | $30.77M | $43.81M | $43.53M | $40.17M | $37.44M |
| Gross Margin % | 51.8% | 50.3% | 57.8% | 49.4% | 50.5% | 50.0% | 56.1% | 48.9% | 47.9% | 47.3% | 51.0% | 50.7% | 52.4% | 54.8% |
| Operating Expenses | $50.75M | $47.67M | $45.74M | $46.25M | $49.84M | $48.34M | $48.47M | $49.28M | $48.71M | $46.60M | $52.18M | $47.97M | $40.11M | $39.18M |
| Research & Development | $26.93M | $25.72M | $24.65M | $25.31M | $25.89M | $25.49M | $24.92M | $22.52M | $21.14M | $21.59M | $23.40M | $22.43M | $18.98M | $18.77M |
| Operating Income | $-2.70M | $656.00K | $10.87M | $-9.57M | $-3.61M | $-769.00K | $9.05M | $-11.73M | $-14.84M | $-15.83M | $-8.37M | $-4.44M | $56.00K | $-1.74M |
| Operating Margin % | -2.9% | 0.7% | 11.1% | -12.9% | -3.9% | -0.8% | 8.8% | -15.3% | -21.0% | -24.4% | -9.7% | -5.2% | 0.1% | -2.6% |
| Interest Expense | $798.00K | $1.12M | $1.23M | $1.22M | $1.22M | $1.22M | $1.22M | $1.22M | $1.22M | $1.21M | $1.21M | $1.21M | $1.21M | $1.21M |
| Other Income/Expense | $2.51M | $2.59M | $2.05M | $2.06M | $2.11M | $2.42M | $2.12M | $1.29M | $1.02M | $1.09M | $1.17M | $1.36M | $1.15M | $774.00K |
| Income Before Tax | $-987.00K | $-12.90M | $11.70M | $-8.73M | $-2.73M | $428.00K | $9.95M | $33.34M | $-15.03M | $-15.96M | $-8.41M | $-4.29M | $-1.00K | $-2.17M |
| Income Tax Expense | $152.00K | $-89.00K | $149.00K | $-281.00K | $-37.00K | $207.00K | $-12.00K | $-1.00K | $150.00K | $-195.00K | $-349.00K | $72.00K | $117.00K | $24.00K |
| Net Income | $-1.14M | $-12.81M | $11.55M | $-8.45M | $-2.69M | $221.00K | $9.96M | $33.34M | $-15.18M | $-15.76M | $-8.07M | $-4.36M | $-118.00K | $-2.20M |
| Net Margin % | -1.2% | -13.3% | 11.8% | -11.4% | -2.9% | 0.2% | 9.7% | 43.4% | -21.5% | -24.2% | -9.4% | -5.1% | -0.2% | -3.2% |
| Basic EPS | -0.04 | -0.44 | 0.40 | -0.30 | -0.11 | 0.01 | 0.36 | 1.22 | -0.56 | -0.59 | -0.30 | -0.17 | 0.00 | -0.09 |
| Diluted EPS | -0.04 | -0.44 | 0.39 | -0.30 | -0.09 | 0.01 | 0.34 | 1.10 | -0.56 | -0.59 | -0.30 | -0.17 | 0.00 | -0.09 |
| Basic Shares Outstanding | - | 29.3M | 29.0M | 28.6M | 148K | 28.2M | 27.9M | 27.4M | 113K | 26.9M | 26.7M | 26.3M | 155K | 25.7M |
| Diluted Shares Outstanding | - | 29.3M | 29.7M | 28.6M | -2.4M | 29.7M | 29.4M | 31.4M | 113K | 26.9M | 26.7M | 26.3M | 155K | 25.7M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $48.21M | $51.73M | $42.42M | $61.32M | $46.05M | $73.70M | $214.65M | $166.85M | $94.79M | $78.10M | $45.24M | $37.48M | $19.60M | $39.31M |
| Short-term Investments | $127.13M | $138.35M | $150.79M | $86.60M | $118.66M | $96.55M | $5.56M | $7.29M | $18.44M | $35.13M | $63.66M | $117.06M | $154.15M | $142.54M |
| Accounts Receivable | $70.78M | $61.19M | $55.13M | $57.10M | $56.80M | $64.38M | $54.18M | $59.38M | $54.92M | $48.48M | $58.95M | $60.97M | $50.00M | $40.67M |
| Inventory | $84.96M | $92.64M | $96.21M | $98.48M | $99.35M | $88.36M | $80.77M | $87.76M | $97.17M | $106.81M | $112.32M | $85.81M | $46.40M | $31.93M |
| Other Current Assets | $8.13M | $7.87M | $5.22M | $5.07M | $5.54M | $6.10M | $3.15M | $3.12M | $4.37M | $4.45M | $3.46M | $3.83M | $5.03M | $5.51M |
| Total Current Assets | $339.22M | $351.78M | $349.77M | $308.57M | $326.40M | $329.09M | $358.32M | $324.40M | $269.70M | $272.96M | $283.62M | $305.15M | $275.17M | $259.95M |
| Property Plant & Equipment | $50.29M | $52.35M | $52.98M | $49.65M | $50.61M | $49.91M | $47.21M | $47.45M | $44.89M | $44.92M | $45.08M | $41.80M | $39.03M | $31.12M |
| Goodwill | $20.72M | $20.70M | $20.76M | $19.38M | $18.72M | $19.83M | $19.26M | $19.34M | $19.70M | $19.05M | $19.52M | - | $3.88M | - |
| Intangible Assets | $9.50M | $10.03M | $10.61M | $10.24M | $10.29M | $11.56M | $11.64M | $12.21M | $13.91M | $14.73M | $16.59M | - | - | - |
| Long-term Investments | $103.77M | $75.04M | $67.33M | $84.55M | $74.87M | $57.12M | - | - | - | - | $6.00M | $10.18M | $19.20M | $19.20M |
| Other Non-current Assets | $795.00K | $870.00K | $996.00K | $939.00K | $1.04M | $1.12M | $1.24M | $1.37M | $1.48M | $1.61M | $1.74M | $1.84M | $1.97M | $2.22M |
| Total Assets | $545.19M | $516.46M | $508.82M | $479.82M | $489.08M | $476.45M | $446.09M | $413.88M | $359.41M | $363.60M | $383.55M | $372.65M | $349.74M | $327.79M |
| Accounts Payable | $13.61M | $16.17M | $11.99M | $10.83M | $17.25M | $20.50M | $15.30M | $9.42M | $8.66M | $11.02M | $27.63M | $36.71M | $25.02M | $13.25M |
| Deferred Revenue | $1.79M | $2.22M | $2.29M | $1.63M | $1.85M | $2.23M | $2.09M | $1.67M | $1.71M | $2.42M | $2.52M | $502.00K | $2.25M | $2.81M |
| Total Current Liabilities | $126.53M | $131.79M | $30.05M | $28.16M | $331.18M | $331.10M | $318.92M | $34.44M | $30.88M | $33.76M | $50.88M | $54.60M | $42.37M | $33.63M |
| Long-term Debt | $280.89M | $183.75M | $284.32M | $283.90M | $283.49M | - | - | $282.26M | $281.86M | $281.45M | $281.05M | $280.64M | $280.24M | $279.85M |
| Deferred Tax Liabilities | $2.06M | $2.16M | $2.27M | $2.19M | $2.20M | $2.45M | $2.47M | $2.57M | $2.91M | $3.06M | $3.42M | - | $118.00K | - |
| Other Non-current Liabilities | - | - | - | - | - | - | - | - | - | - | - | $134.00K | $118.00K | $113.00K |
| Total Liabilities | $335.95M | $321.50M | $321.13M | $319.26M | $339.22M | $340.35M | $329.12M | $327.96M | $325.28M | $328.80M | $346.75M | $346.03M | $334.15M | $325.73M |
| Common Stock | $30.00K | $30.00K | $29.00K | $29.00K | $29.00K | $28.00K | $28.00K | $28.00K | $27.00K | $27.00K | $27.00K | $27.00K | $26.00K | $26.00K |
| Retained Earnings | $-400.16M | $-399.02M | $-386.21M | $-397.76M | $-389.31M | $-386.62M | $-386.84M | $-396.81M | $-430.15M | $-414.97M | $-399.21M | $-391.14M | $-386.79M | $-386.67M |
| Total Stockholders Equity | $209.23M | $194.96M | $187.69M | $160.56M | $149.86M | $136.10M | $116.97M | $85.92M | $34.13M | $34.80M | $36.80M | $26.62M | $15.59M | $2.06M |
| Total Liabilities & Equity | $545.19M | $516.46M | $508.82M | $479.82M | $489.08M | $476.45M | $446.09M | $413.88M | $359.41M | $363.60M | $383.55M | $372.65M | $349.74M | $327.79M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.14M | $-12.81M | $3.10M | $-8.45M | $-2.69M | $221.00K | $43.31M | $33.34M | $-15.18M | $-15.76M | $-12.42M | $-4.36M | $-118.00K | $-24.18M |
| Depreciation & Amortization | $3.96M | $11.08M | $7.23M | $3.52M | $3.43M | $10.15M | $6.91M | $3.91M | $3.89M | $9.73M | $6.07M | - | $1.59M | - |
| Stock-based Compensation | $15.17M | $40.10M | $25.55M | $12.52M | $15.21M | $41.34M | $26.50M | $11.79M | $12.31M | $35.68M | $23.37M | $10.22M | $10.21M | $32.23M |
| Deferred Income Tax | $-99.00K | $-297.00K | $-192.00K | $-93.00K | $-96.00K | $-471.00K | $-372.00K | $-278.00K | $-269.00K | $-662.00K | $-399.00K | - | - | - |
| Change in Receivables | $9.57M | $4.15M | $-1.93M | $220.00K | $-7.44M | $9.44M | $-699.00K | $4.50M | $6.40M | $-2.68M | $7.75M | $10.97M | $9.33M | $5.22M |
| Change in Inventory | $-7.68M | $-6.81M | $-3.24M | $-896.00K | $11.04M | $-8.82M | $-16.38M | $-9.40M | $-9.66M | $59.24M | $64.73M | $39.41M | $14.47M | $9.97M |
| Change in Payables | $-2.40M | $-977.00K | $-5.42M | $-6.62M | $-2.79M | $12.06M | $7.00M | $1.88M | $-2.25M | $-10.05M | $6.11M | $14.65M | $6.26M | $1.11M |
| Operating Cash Flow | $15.14M | $43.61M | $22.72M | $-11.14M | $12.62M | $115.69M | $105.62M | $60.14M | $1.43M | $-50.81M | $-49.10M | $-26.56M | $-6.17M | $6.81M |
| Capital Expenditure | $1.52M | $11.34M | $8.40M | $1.86M | $4.13M | $12.98M | $7.57M | $6.20M | $2.62M | $15.97M | $13.20M | $7.58M | $6.10M | $5.97M |
| Acquisitions | - | - | - | - | - | - | - | - | - | $23.36M | $23.36M | - | - | - |
| Purchases of Investments | $56.48M | $146.29M | $107.11M | $25.91M | $47.73M | $154.33M | - | - | - | - | - | - | $45.91M | $159.84M |
| Sales of Investments | - | $12.94M | - | - | - | - | - | - | - | $13.37M | $13.37M | $13.37M | - | - |
| Investing Cash Flow | $-18.80M | $-29.22M | $-31.69M | $21.23M | $-43.87M | $-148.71M | $5.46M | $5.05M | $14.33M | $101.48M | $68.99M | $39.93M | $-16.50M | $-86.30M |
| Debt Repayment | - | $190.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $149.00K | $-9.08M | $4.96M | $5.06M | $3.78M | $11.90M | $8.84M | $6.92M | $846.00K | $7.89M | $5.75M | $4.52M | $2.95M | $-5.10M |
| Net Change in Cash | $-3.52M | $5.67M | $-3.64M | $15.26M | $-27.65M | $-21.09M | $119.86M | $72.06M | $16.69M | $58.50M | $25.65M | $17.89M | $-19.71M | $-84.59M |
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 | $96.06M | - | $268.23M | - |
| Cost of Revenue | $47.73M | - | $126.60M | - |
| Gross Profit | $48.33M | - | $141.62M | - |
| Operating Expenses | $47.67M | - | $139.66M | - |
| Research & Development | $25.72M | - | $75.69M | - |
| Operating Income | $656.00K | - | $1.96M | - |
| Interest Expense | $1.12M | - | $3.57M | - |
| Other Income/Expense | $2.59M | - | $6.71M | - |
| Income Before Tax | $-12.90M | - | $-9.93M | - |
| Income Tax Expense | $-89.00K | - | $-221.00K | - |
| Net Income | $-12.81M | $9.96M | $-9.71M | - |
| Basic EPS | -0.44 | - | -0.33 | - |
| Diluted EPS | -0.44 | - | -0.33 | - |
| Basic Shares Outstanding | $29.34M | - | $29.00M | - |
| Diluted Shares Outstanding | $29.34M | - | $29.00M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $51.73M | $46.05M |
| Short-term Investments | $138.35M | $118.66M |
| Accounts Receivable | $61.19M | $56.80M |
| Inventory | $92.64M | $99.35M |
| Other Current Assets | $7.87M | $5.54M |
| Total Current Assets | $351.78M | $326.40M |
| Property Plant & Equipment | $52.35M | $50.61M |
| Goodwill | $20.70M | $18.72M |
| Intangible Assets | $10.03M | $10.29M |
| Long-term Investments | $75.04M | $74.87M |
| Other Non-current Assets | $870.00K | $1.04M |
| Total Assets | $516.46M | $489.08M |
| Accounts Payable | $16.17M | $17.25M |
| Deferred Revenue | $2.22M | $1.85M |
| Total Current Liabilities | $131.79M | $331.18M |
| Long-term Debt | $183.75M | - |
| Deferred Tax Liabilities | $2.16M | $2.20M |
| Total Liabilities | $321.50M | $339.22M |
| Common Stock | $30.00K | $29.00K |
| Retained Earnings | $-399.02M | $-389.31M |
| Total Stockholders Equity | $194.96M | $149.86M |
| Total Liabilities & Equity | $516.46M | $489.08M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-12.81M | $9.96M | $-9.71M | - |
| Depreciation & Amortization | - | - | $11.08M | - |
| Stock-based Compensation | - | - | $40.10M | - |
| Deferred Income Tax | - | - | $-297.00K | - |
| Change in Receivables | - | - | $4.15M | - |
| Change in Inventory | - | - | $-6.81M | - |
| Change in Payables | - | - | $-977.00K | - |
| Operating Cash Flow | - | - | $43.61M | - |
| Capital Expenditure | - | - | $11.34M | - |
| Purchases of Investments | - | - | $146.29M | - |
| Sales of Investments | - | - | $12.94M | - |
| Investing Cash Flow | - | - | $-29.22M | - |
| Debt Repayment | - | - | $190.00M | - |
| Financing Cash Flow | - | - | $-9.08M | - |
| Net Change in Cash | - | - | $5.67M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.