$45.42M
Revenue
$-5.23M
Net Income
63.20%
Gross Margin
-12.61%
Op. Margin
$-5.85M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $45.42M | $45.42M | $48.12M | $49.91M | $52.17M | $53.48M | $51.22M | $106.13M | $85.25M | $90.29M | $129.55M |
| Revenue Growth % | -0.0% | -5.6% | -3.6% | -4.3% | -2.4% | 4.4% | -51.7% | 24.5% | -5.6% | -30.3% | nan% |
| Cost of Revenue | $16.72M | $16.71M | $17.17M | $20.58M | $20.46M | $21.69M | $20.89M | $56.54M | $47.80M | $49.34M | $76.97M |
| Gross Profit | $28.70M | $28.70M | $30.95M | $29.33M | $31.71M | $31.78M | $30.33M | $49.59M | $37.45M | $40.95M | $52.58M |
| Gross Margin % | 63.2% | 63.2% | 64.3% | 58.8% | 60.8% | 59.4% | 59.2% | 46.7% | 43.9% | 45.4% | 40.6% |
| Operating Expenses | $51.15M | $51.14M | $52.57M | $59.55M | $60.32M | $65.27M | $75.63M | $112.65M | $89.14M | $96.65M | $150.14M |
| Research & Development | $9.75M | $9.75M | $12.41M | $15.36M | $14.36M | $16.11M | $21.00M | $20.13M | $15.42M | $18.09M | $28.45M |
| Operating Income | $-5.73M | $-5.72M | $-4.45M | $-9.64M | $-8.15M | $-11.80M | $-44.06M | $-6.51M | $-3.89M | $-6.36M | $-83.90M |
| Operating Margin % | -12.6% | -12.6% | -9.2% | -19.3% | -15.6% | -22.1% | -86.0% | -6.1% | -4.6% | -7.0% | -64.8% |
| Interest Expense | $154.00K | $82.00K | $124.00K | $115.00K | - | - | - | - | - | - | $109.00K |
| Interest Income | - | - | - | - | - | - | - | - | - | - | $67.00K |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | $14.00K | $-73.00K |
| Income Before Tax | $-5.16M | $-5.16M | $-4.57M | $-9.82M | $-8.06M | $-4.16M | $-43.94M | $-5.76M | $-2.83M | $-6.04M | $-84.01M |
| Income Tax Expense | $78.00K | $79.00K | $380.00K | $94.00K | $184.00K | $232.00K | $-1.92M | $-1.72M | $-156.00K | $42.00K | $54.00K |
| Net Income | $-5.23M | $-5.24M | $-4.95M | $-9.91M | $-8.24M | $-4.39M | $-38.45M | $-4.04M | $-2.68M | $-6.09M | $-84.07M |
| Net Margin % | -11.5% | -11.5% | -10.3% | -19.9% | -15.8% | -8.2% | -75.1% | -3.8% | -3.1% | -6.7% | -64.9% |
| Basic EPS | nan | -0.12 | -0.11 | -0.23 | -0.19 | -0.10 | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.12 | -0.11 | -0.23 | -0.19 | -0.10 | nan | nan | nan | nan | nan |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $9.94M | $12.77M | $14.61M | $20.47M | $27.09M | $33.85M | $42.53M | $45.23M | $104.19M | $103.95M |
| Accounts Receivable | $6.67M | $7.07M | $7.39M | $8.40M | $8.02M | $6.33M | $17.81M | $16.20M | $14.86M | $18.92M |
| Other Current Assets | $1.42M | $1.74M | $1.80M | $2.02M | $2.41M | $2.16M | $2.08M | $2.66M | $2.04M | $1.53M |
| Total Current Assets | $19.04M | $22.28M | $23.81M | $30.89M | $37.51M | $42.34M | $62.42M | $64.08M | $121.09M | $124.50M |
| Property Plant & Equipment | $1.85M | $1.81M | $2.40M | $4.05M | $2.82M | $2.75M | $3.03M | $2.92M | $2.40M | $3.56M |
| Goodwill | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $17.56M | $33.43M | $24.44M | - | - |
| Intangible Assets | - | - | $602.00K | $2.59M | $4.71M | $9.20M | $19.48M | $20.70M | - | - |
| Other Non-current Assets | $563.00K | $397.00K | $1.48M | $973.00K | $986.00K | $1.34M | $335.00K | $917.00K | $326.00K | $214.00K |
| Total Assets | $39.68M | $43.20M | $47.48M | $56.79M | $65.83M | $76.93M | $124.50M | $113.06M | $123.82M | $128.27M |
| Accounts Payable | $3.20M | $1.35M | $1.53M | $2.04M | $1.36M | $2.42M | $7.08M | $5.97M | $4.93M | $6.81M |
| Deferred Revenue | $598.00K | $1.09M | $1.21M | $1.38M | $2.02M | $1.39M | $1.17M | $1.78M | $313.00K | $349.00K |
| Total Current Liabilities | $8.06M | $9.27M | $9.72M | $12.06M | $12.67M | $20.95M | $17.55M | $14.77M | $32.73M | $14.87M |
| Deferred Tax Liabilities | $664.00K | $579.00K | $249.00K | $233.00K | $186.00K | $156.00K | $981.00K | - | - | - |
| Other Non-current Liabilities | $500.00K | - | - | - | - | - | $473.00K | $1.29M | $1.09M | $134.00K |
| Total Liabilities | $9.60M | $10.57M | $11.61M | $12.68M | $14.32M | $24.24M | $24.66M | $18.04M | $33.82M | $15.00M |
| Retained Earnings | $-331.41M | $-326.18M | $-321.23M | $-311.32M | $-303.08M | $-298.69M | $-260.24M | $-256.20M | $-253.71M | $-247.58M |
| Total Stockholders Equity | $30.09M | $32.63M | $35.87M | $44.11M | $51.50M | $52.69M | $99.84M | $95.03M | $90.00M | $113.27M |
| Total Liabilities & Equity | $39.68M | $43.20M | $47.48M | $56.79M | $65.83M | $76.93M | $124.50M | $113.06M | $123.82M | $128.27M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-5.23M | $-5.24M | $-4.95M | $-9.91M | $-8.24M | $-4.39M | $-38.45M | $-4.04M | $-2.68M | $-6.09M | $-84.07M |
| Depreciation & Amortization | - | $1.35M | $1.40M | $3.87M | $4.03M | $5.97M | $7.25M | $8.17M | $2.60M | $2.79M | $3.19M |
| Stock-based Compensation | $3.85M | $2.39M | $1.71M | $2.39M | $2.65M | $2.67M | $3.83M | $3.15M | $3.04M | $4.60M | $10.18M |
| Deferred Income Tax | $242.00K | $86.00K | $330.00K | - | $43.00K | $-6.00K | $-826.00K | $-1.73M | $-185.00K | - | - |
| Change in Receivables | $580.00K | $-309.00K | $-469.00K | $-360.00K | $1.28M | $2.12M | $80.00K | $1.91M | $-254.00K | $-3.84M | $-4.02M |
| Change in Payables | $3.78M | $1.85M | $-566.00K | $-1.25M | $675.00K | $-1.05M | $1.79M | $1.15M | $618.00K | $-1.96M | $-2.61M |
| Operating Cash Flow | $-5.85M | $-1.41M | $-1.10M | $-4.39M | $-2.29M | $-6.34M | $-3.37M | $5.09M | $5.05M | $1.69M | $-3.67M |
| Capital Expenditure | - | $36.00K | $429.00K | $1.38M | $2.87M | $1.35M | $1.35M | $1.67M | $1.65M | $1.56M | $986.00K |
| Acquisitions | - | - | - | - | - | - | $-88.00K | $7.92M | $34.34M | - | - |
| Investing Cash Flow | $-2.15M | $-1.32M | $-429.00K | $-1.31M | $-2.87M | $-951.00K | $981.00K | $-9.68M | $-36.56M | $-1.58M | $-1.22M |
| Stock Repurchased | - | - | - | - | - | - | $10.85M | - | $5.67M | - | $365.00K |
| Dividends Paid | - | - | - | - | - | - | - | - | $21.91M | - | - |
| Financing Cash Flow | $152.00K | $-97.00K | $-307.00K | $-160.00K | $-1.46M | $528.00K | $-5.49M | $1.89M | $-27.45M | $125.00K | $-312.00K |
| Net Change in Cash | $-7.85M | $-2.83M | $-1.84M | $-5.87M | $-6.61M | $-6.76M | $-7.88M | $-2.70M | $-58.96M | $240.00K | $-5.21M |
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 | $11.51M | - | $34.57M | - |
| Cost of Revenue | $4.25M | - | $12.50M | - |
| Operating Expenses | $12.46M | - | $37.92M | - |
| Research & Development | $2.37M | - | $7.54M | - |
| Operating Income | $-941.00K | - | $-3.35M | - |
| Interest Expense | - | - | $151.00K | - |
| Income Before Tax | $-993.00K | - | $-2.78M | - |
| Income Tax Expense | $27.00K | - | $141.00K | - |
| Net Income | $-1.02M | $-756.00K | $-2.92M | - |
| Basic EPS | -0.02 | - | -0.07 | - |
| Diluted EPS | -0.02 | - | -0.07 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $10.32M | $12.77M |
| Accounts Receivable | $7.40M | $7.07M |
| Other Current Assets | $2.69M | $2.44M |
| Total Current Assets | $20.40M | $22.28M |
| Property Plant & Equipment | $1.72M | $1.81M |
| Goodwill | $17.56M | $17.56M |
| Other Non-current Assets | $714.00K | $397.00K |
| Total Assets | $41.15M | $43.20M |
| Accounts Payable | $2.64M | $1.35M |
| Deferred Revenue | $430.00K | $1.09M |
| Total Current Liabilities | $8.06M | $9.27M |
| Deferred Tax Liabilities | $678.00K | $579.00K |
| Total Liabilities | $9.20M | $10.57M |
| Retained Earnings | $-329.10M | $-326.18M |
| Total Stockholders Equity | $31.94M | $32.63M |
| Total Liabilities & Equity | $41.15M | $43.20M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.02M | $-756.00K | $-2.92M | - |
| Stock-based Compensation | - | - | $1.93M | - |
| Deferred Income Tax | - | - | $99.00K | - |
| Change in Receivables | - | - | $394.00K | - |
| Change in Payables | - | - | $1.29M | - |
| Operating Cash Flow | - | - | $-1.53M | - |
| Capital Expenditure | - | - | $31.00K | - |
| Investing Cash Flow | - | - | $-892.00K | - |
| Financing Cash Flow | - | - | $-25.00K | - |
| Net Change in Cash | - | - | $-2.45M | - |
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.