$176.18M
Revenue
$74.61M
Net Income
47.14%
Gross Margin
-22.19%
Op. Margin
$-51.73M
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 | $176.18M | $176.18M | $156.77M | $168.66M | $237.28M | $222.61M |
| Revenue Growth % | 0.0% | 12.4% | -7.1% | -28.9% | 6.6% | nan% |
| Cost of Revenue | $93.12M | $93.12M | $87.11M | $93.33M | $133.40M | $126.03M |
| Gross Profit | $83.05M | $83.05M | $69.66M | $75.33M | $103.87M | $96.58M |
| Gross Margin % | 47.1% | 47.1% | 44.4% | 44.7% | 43.8% | 43.4% |
| Operating Expenses | $122.15M | $119.86M | $191.33M | $175.87M | $135.78M | $114.41M |
| Research & Development | $17.04M | $17.04M | $17.71M | $18.04M | $15.72M | $16.84M |
| Selling General & Admin | $105.11M | $102.82M | $109.81M | $108.26M | $120.06M | $97.56M |
| Operating Income | $-39.10M | $-36.81M | $-121.67M | $-100.54M | $-31.90M | $-17.83M |
| Operating Margin % | -22.2% | -20.9% | -77.6% | -59.6% | -13.4% | -8.0% |
| Interest Expense | $2.58M | $1.63M | $2.69M | $5.50M | $6.14M | $4.69M |
| Other Income/Expense | $-2.80M | $-2.80M | $-7.10M | $5.65M | $-5.52M | $-2.82M |
| Income Before Tax | $-34.46M | $-32.17M | $-104.35M | $-84.21M | $-35.09M | $-273.84M |
| Income Tax Expense | $1.80M | $1.80M | $359.00K | $345.00K | $2.24M | $1.69M |
| Net Income | $74.61M | $78.30M | $-114.76M | $-99.59M | $-37.33M | $-275.53M |
| Net Margin % | 42.4% | 44.4% | -73.2% | -59.0% | -15.7% | -123.8% |
| Basic EPS | nan | 1.40 | -2.49 | -2.21 | -0.93 | -6.18 |
| Diluted EPS | nan | 1.40 | -2.49 | -2.21 | -0.93 | -6.19 |
| Basic Shares Outstanding | -39K | 50.1M | 49.3M | 48.7M | 49.0M | 45.9M |
| Diluted Shares Outstanding | -39K | 50.1M | 49.3M | 48.7M | 49.0M | 45.9M |
| 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 | $250.49M | $34.14M | $35.19M | $29.23M | $139.10M |
| Short-term Investments | $160.71M | $216.46M | $410.41M | $486.73M | $489.70M |
| Accounts Receivable | $33.36M | $25.30M | $42.07M | $43.86M | $39.41M |
| Inventory | $23.19M | $21.48M | $26.21M | $27.68M | $16.50M |
| Other Current Assets | $8.42M | $7.94M | $10.08M | $9.32M | $8.80M |
| Total Current Assets | $476.17M | $341.57M | $535.11M | $604.18M | $693.52M |
| Property Plant & Equipment | $85.45M | $80.01M | $84.86M | $63.60M | $49.03M |
| Goodwill | $22.40M | $20.57M | $76.39M | $151.12M | $146.95M |
| Intangible Assets | $138.08M | $147.93M | $194.38M | $191.01M | $201.43M |
| Other Non-current Assets | - | - | - | $947.00K | $419.00K |
| Total Assets | $764.99M | $703.49M | $957.74M | $1.04B | $1.11B |
| Deferred Revenue | $943.00K | $1.06M | $1.31M | $439.00K | $547.00K |
| Total Current Liabilities | $219.02M | $64.56M | $45.61M | $40.85M | $42.65M |
| Deferred Tax Liabilities | $1.35M | $804.00K | $2.82M | $4.93M | $4.02M |
| Other Non-current Liabilities | $444.00K | $295.00K | $601.00K | $451.00K | $298.00K |
| Total Liabilities | $262.35M | $301.59M | $468.72M | $482.91M | $471.14M |
| Common Stock | $50.00K | $50.00K | $49.00K | $48.00K | $50.00K |
| Retained Earnings | $-688.88M | $-757.17M | $-642.42M | $-542.83M | $-467.54M |
| Total Stockholders Equity | $502.64M | $401.90M | $489.02M | $555.84M | $641.83M |
| Total Liabilities & Equity | $764.99M | $703.49M | $957.74M | $1.04B | $1.11B |
| 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 | $74.61M | $78.30M | $-114.76M | $-99.59M | $-37.33M | $-275.53M |
| Depreciation & Amortization | $50.30M | $27.71M | $30.76M | $27.49M | $22.77M | $20.25M |
| Stock-based Compensation | - | $10.07M | $16.57M | $19.82M | - | - |
| Deferred Income Tax | $1.71M | $661.00K | $-377.00K | $-1.98M | $-411.00K | $231.00K |
| Change in Inventory | $6.16M | $2.19M | $-3.25M | $-1.51M | $14.20M | $5.98M |
| Operating Cash Flow | $-24.61M | $-8.58M | $-16.32M | $-757.00K | $-1.85M | $8.13M |
| Capital Expenditure | $27.13M | $16.44M | $17.25M | $38.78M | $22.11M | $23.88M |
| Acquisitions | - | - | $313.00K | $7.34M | $6.55M | $5.54M |
| Investing Cash Flow | $492.21M | $250.32M | $176.81M | $36.05M | $-59.68M | $-469.25M |
| Stock Issued | - | - | - | - | - | - |
| Stock Repurchased | - | $10.01M | - | - | $37.96M | - |
| Financing Cash Flow | $-37.32M | $-21.07M | $-161.53M | $-23.80M | $-39.17M | $564.34M |
| Net Change in Cash | $405.40M | $205.21M | $-1.06M | $9.75M | $-102.51M | $102.23M |
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 | $44.23M | $38.32M | $130.73M | $115.32M |
| Cost of Revenue | $22.91M | $20.88M | $69.38M | $65.15M |
| Gross Profit | $21.32M | $17.44M | $61.34M | $50.16M |
| Operating Expenses | $31.26M | $30.82M | $88.12M | $159.09M |
| Research & Development | $4.52M | $4.16M | $12.57M | $13.55M |
| Selling General & Admin | $26.73M | $26.67M | $75.54M | $81.72M |
| Operating Income | $-9.93M | $-13.39M | $-26.77M | $-108.93M |
| Interest Expense | $526.00K | $882.00K | $925.00K | $629.00K |
| Other Income/Expense | $525.00K | $-1.88M | $-2.71M | $-1.69M |
| Income Before Tax | $-6.53M | $4.24M | $-24.77M | $-87.04M |
| Income Tax Expense | $165.00K | $316.00K | $673.00K | $493.00K |
| Net Income | $-6.94M | $805.00K | $89.94M | $-96.08M |
| Basic EPS | -0.18 | -0.02 | 1.68 | -2.07 |
| Diluted EPS | -0.18 | -0.02 | 1.68 | -2.07 |
| Basic Shares Outstanding | $50.13M | $49.42M | $50.11M | $49.26M |
| Diluted Shares Outstanding | $50.13M | $49.42M | $50.11M | $49.26M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $255.81M | $34.14M |
| Short-term Investments | $165.50M | $216.46M |
| Accounts Receivable | $34.91M | $25.30M |
| Inventory | $23.33M | $21.48M |
| Other Current Assets | $5.29M | $7.94M |
| Total Current Assets | $484.84M | $341.57M |
| Property Plant & Equipment | $83.23M | $80.01M |
| Goodwill | $22.41M | $20.57M |
| Intangible Assets | $141.25M | $147.93M |
| Total Assets | $774.33M | $703.49M |
| Deferred Revenue | $1.45M | $1.06M |
| Total Current Liabilities | $30.75M | $64.56M |
| Deferred Tax Liabilities | $664.00K | $804.00K |
| Other Non-current Liabilities | $2.71M | $296.00K |
| Total Liabilities | $261.06M | $301.60M |
| Common Stock | $50.00K | $50.00K |
| Retained Earnings | $-675.24M | $-757.17M |
| Total Stockholders Equity | $513.27M | $401.90M |
| Total Liabilities & Equity | $774.33M | $703.49M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-6.94M | $805.00K | $89.94M | $-96.08M |
| Depreciation & Amortization | - | - | $21.36M | $22.86M |
| Deferred Income Tax | - | - | $778.00K | $-383.00K |
| Change in Inventory | - | - | $2.09M | $-2.72M |
| Operating Cash Flow | - | - | $-9.50M | $-10.84M |
| Capital Expenditure | - | - | $10.97M | $12.04M |
| Acquisitions | - | - | - | $295.00K |
| Investing Cash Flow | - | - | $250.27M | $173.34M |
| Stock Repurchased | - | - | $8.00M | - |
| Financing Cash Flow | - | - | $-18.92M | $-163.54M |
| Net Change in Cash | - | - | $210.52M | $-1.68M |
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.