$181.22M
Revenue
$-18.61M
Net Income
79.17%
Gross Margin
-18.90%
Op. Margin
$-25.95M
Free Cash Flow
| Breakdown | 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $43.21M | $47.00M | $44.81M | $46.21M | $46.54M | $41.80M |
| Revenue Growth % (YoY) | -7.2% | 12.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $8.80M | $11.15M | $8.89M | $8.91M | $7.74M | $5.48M |
| Gross Profit | $34.40M | $35.85M | $35.92M | $37.30M | $38.81M | $36.31M |
| Gross Margin % | 79.6% | 76.3% | 80.2% | 80.7% | 83.4% | 86.9% |
| Operating Expenses | $50.55M | $55.58M | $56.01M | $53.33M | $53.93M | $56.98M |
| Operating Income | $-7.35M | $-8.58M | $-11.20M | $-7.12M | $-7.39M | $-15.19M |
| Operating Margin % | -17.0% | -18.3% | -25.0% | -15.4% | -15.9% | -36.3% |
| Interest Income | $950.00K | $955.00K | $1.07M | $1.27M | $1.56M | $1.67M |
| Income Before Tax | $5.00M | $-7.62M | $-10.13M | $-5.85M | $-5.83M | $-13.52M |
| Income Tax Expense | $2.00K | $3.00K | $6.00K | $2.00K | $3.00K | $3.00K |
| Net Income | $5.00M | $-7.63M | $-10.14M | $-5.85M | $-5.83M | $-13.52M |
| Net Margin % | 11.6% | -16.2% | -22.6% | -12.7% | -12.5% | -32.3% |
| Basic Shares Outstanding | 88.5M | 87.9M | 87.3M | -974K | 90.3M | 91.8M |
| Diluted Shares Outstanding | 88.9M | 87.9M | 87.3M | -974K | 90.3M | 91.8M |
| Breakdown | 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $103.19M | $92.52M | $98.03M | $111.83M | $114.51M | $127.95M |
| Accounts Receivable | $13.46M | $16.36M | $15.46M | $15.74M | $16.52M | $16.30M |
| Other Current Assets | $2.96M | $2.67M | $3.65M | $3.05M | $2.71M | $2.75M |
| Total Current Assets | $125.62M | $118.02M | $122.08M | $135.13M | $140.30M | $153.90M |
| Property Plant & Equipment | $14.37M | $14.99M | $15.33M | $15.73M | $16.39M | $16.95M |
| Intangible Assets | - | - | $780.00K | $1.97M | $3.57M | $5.17M |
| Other Non-current Assets | $7.37M | $5.12M | $4.80M | $4.51M | $4.60M | $3.98M |
| Total Assets | $148.69M | $139.82M | $145.00M | $159.69M | $167.53M | $183.01M |
| Accounts Payable | $9.07M | $10.36M | $10.21M | $7.93M | $7.74M | $9.08M |
| Accrued Liabilities | $11.23M | $9.07M | $9.83M | $17.11M | $14.91M | $14.20M |
| Total Current Liabilities | $27.96M | $26.19M | $25.94M | $32.89M | $29.93M | $28.86M |
| Other Non-current Liabilities | - | - | - | $348.00K | - | - |
| Total Liabilities | $34.51M | $33.46M | $33.91M | $41.55M | $39.54M | $39.13M |
| Common Stock | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K | $9.00K |
| Retained Earnings | $-606.11M | $-611.11M | $-603.48M | $-593.35M | $-587.50M | $-581.67M |
| Total Stockholders Equity | $114.18M | $106.36M | $111.10M | $118.14M | $127.99M | $143.88M |
| Total Liabilities & Equity | $148.69M | $139.82M | $145.00M | $159.69M | $167.53M | $183.01M |
| Breakdown | 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) |
|---|---|---|---|---|---|---|
| Net Income | $5.00M | $-17.76M | $-10.14M | $-5.85M | $-5.83M | $-13.52M |
| Depreciation & Amortization | $2.57M | $3.42M | $3.90M | $4.36M | $4.41M | $4.68M |
| Stock-based Compensation | $9.79M | $6.62M | $3.35M | $2.96M | $8.77M | $5.82M |
| Change in Receivables | $-1.83M | $859.00K | $-250.00K | $-716.00K | $-1.23M | $-1.59M |
| Change in Payables | $1.25M | $2.47M | $2.24M | $90.00K | $820.00K | $2.13M |
| Operating Cash Flow | $2.00M | $-10.72M | $-7.89M | $5.86M | $1.85M | $46.00K |
| Capital Expenditure | $6.17M | $4.64M | $2.67M | $1.71M | $6.15M | $4.18M |
| Investing Cash Flow | $-6.17M | $-4.64M | $-2.67M | $-1.71M | $-6.15M | $-4.18M |
| Stock Repurchased | - | - | - | $6.10M | $13.99M | $1.34M |
| Financing Cash Flow | $-4.48M | $-3.96M | $-3.24M | $-6.82M | $-18.15M | $-4.88M |
| Net Change in Cash | $-8.65M | $-19.32M | $-13.81M | $-2.67M | $-22.45M | $-9.01M |
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 | $43.21M | - | $135.01M | - |
| Cost of Revenue | $8.80M | - | $28.84M | - |
| Operating Expenses | $50.55M | - | $162.14M | - |
| Operating Income | $-7.35M | - | $-27.12M | - |
| Interest Income | $950.00K | - | $2.97M | - |
| Income Before Tax | $5.00M | - | $-12.76M | - |
| Income Tax Expense | $2.00K | - | $11.00K | - |
| Net Income | $5.00M | $-13.52M | $-12.77M | - |
| Basic Shares Outstanding | $88.53M | - | $87.90M | - |
| Diluted Shares Outstanding | $88.94M | - | $87.90M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $103.19M | $111.83M |
| Accounts Receivable | $13.46M | $15.74M |
| Other Current Assets | $2.96M | $3.05M |
| Total Current Assets | $125.62M | $135.13M |
| Property Plant & Equipment | $14.37M | $15.73M |
| Intangible Assets | - | $1.97M |
| Other Non-current Assets | $7.37M | $4.51M |
| Total Assets | $148.69M | $159.69M |
| Accounts Payable | $9.07M | $7.93M |
| Accrued Liabilities | $11.23M | $17.11M |
| Total Current Liabilities | $27.96M | $32.89M |
| Total Liabilities | $34.51M | $41.55M |
| Common Stock | $9.00K | $9.00K |
| Retained Earnings | $-606.11M | $-593.35M |
| Total Stockholders Equity | $114.18M | $118.14M |
| Total Liabilities & Equity | $148.69M | $159.69M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $5.00M | $-13.52M | $-12.77M | - |
| Depreciation & Amortization | $2.57M | - | $9.88M | - |
| Stock-based Compensation | - | - | $9.79M | - |
| Change in Receivables | - | - | $-1.83M | - |
| Change in Payables | - | - | $1.25M | - |
| Operating Cash Flow | - | - | $2.00M | - |
| Capital Expenditure | - | - | $6.17M | - |
| Investing Cash Flow | - | - | $-6.17M | - |
| Stock Repurchased | - | - | - | - |
| Financing Cash Flow | - | - | $-4.48M | - |
| Net Change in Cash | - | - | $-8.65M | - |
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.