$103.52M
Revenue
$-83.39M
Net Income
24.64%
Gross Margin
-81.24%
Op. Margin
$-71.24M
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 | $27.07M | $27.03M | $28.67M | $20.75M | $30.18M | $25.19M | $33.26M | $37.57M | $42.71M | $43.38M | $32.84M | $21.67M | $22.61M | $17.25M |
| Revenue Growth % (YoY) | -10.3% | 7.3% | -13.8% | -44.8% | -29.3% | -41.9% | 1.3% | 73.4% | 88.9% | 151.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $20.70M | $17.36M | $26.57M | $13.38M | $23.63M | $16.07M | $22.55M | $24.15M | $32.12M | $30.59M | $20.55M | $17.12M | $16.13M | $12.47M |
| Gross Profit | $6.37M | $9.67M | $2.09M | $7.37M | $4.39M | $9.12M | $10.71M | $13.42M | $10.59M | $12.79M | $12.29M | $4.54M | $6.48M | $4.78M |
| Gross Margin % | 23.5% | 35.8% | 7.3% | 35.5% | 14.6% | 36.2% | 32.2% | 35.7% | 24.8% | 29.5% | 37.4% | 21.0% | 28.7% | 27.7% |
| Operating Expenses | $36.98M | $9.87M | $34.30M | $28.45M | $81.23M | $97.34M | $31.36M | $30.87M | $28.68M | $123.48M | $52.35M | $35.38M | $34.25M | $29.28M |
| Operating Income | $-30.61M | $-205.00K | $-32.21M | $-21.08M | $-76.83M | $-88.23M | $-20.65M | $-17.45M | $-18.09M | $-110.70M | $-40.06M | $-30.84M | $-27.77M | $-24.50M |
| Operating Margin % | -113.1% | -0.8% | -112.4% | -101.6% | -254.6% | -350.3% | -62.1% | -46.5% | -42.4% | -255.2% | -122.0% | -142.3% | -122.8% | -142.0% |
| Interest Expense | $-10.00K | $71.00K | $71.00K | $71.00K | $81.00K | $1.44M | $1.44M | $1.14M | - | $970.00K | $786.00K | $617.00K | - | - |
| Other Income/Expense | $127.00K | $2.00K | $345.00K | $401.00K | - | $-2.00K | $817.00K | $763.00K | $-1.28M | $608.00K | $600.00K | $50.00K | $-86.00K | $21.00K |
| Income Before Tax | $-30.48M | $-46.00K | $-31.86M | $-20.68M | $-76.22M | $-87.41M | $-19.89M | $-17.14M | $-19.42M | $-111.91M | $-41.28M | $-29.59M | $-27.84M | - |
| Income Tax Expense | $154.00K | $40.00K | $95.00K | $28.00K | $482.00K | $-18.00K | $164.00K | $28.00K | $269.00K | $807.00K | $206.00K | $212.00K | - | - |
| Net Income | $-30.63M | $-86.00K | $-31.96M | $-20.71M | $-76.70M | $-87.39M | $-20.06M | $-17.17M | $-19.69M | $-112.72M | $-41.48M | $-29.80M | $-28.15M | $-25.65M |
| Net Margin % | -113.2% | -0.3% | -111.5% | -99.8% | -254.1% | -347.0% | -60.3% | -45.7% | -46.1% | -259.9% | -126.3% | -137.5% | -124.5% | -148.7% |
| Basic EPS | -0.27 | 0.00 | -0.31 | -0.20 | -0.72 | -0.86 | -0.20 | -0.17 | -0.19 | -1.74 | -0.67 | -0.53 | -0.56 | -0.51 |
| Diluted EPS | -0.27 | 0.00 | -0.31 | -0.20 | -0.72 | -0.86 | -0.20 | -0.17 | -0.19 | -1.74 | -0.67 | -0.53 | -0.56 | -0.51 |
| Basic Shares Outstanding | 4.3M | 109.1M | 102.9M | 102.5M | 168K | 101.1M | 101.0M | 99.9M | 2.5M | 64.6M | 61.9M | 56.5M | 1.4M | 50.6M |
| Diluted Shares Outstanding | 4.3M | 109.1M | 102.9M | 102.5M | 168K | 101.1M | 101.0M | 99.9M | 2.5M | 64.6M | 61.9M | 56.5M | 1.4M | 50.6M |
| 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 | $39.57M | $23.11M | $25.32M | $42.02M | $41.77M | $64.58M | $73.89M | $93.46M | $121.69M | $66.68M | $74.46M | $103.20M | $36.56M | $57.02M |
| Short-term Investments | - | - | - | - | $13.63M | - | - | - | $22.97M | - | - | - | - | - |
| Accounts Receivable | $29.53M | $33.80M | $34.70M | $37.63M | $42.07M | $48.70M | $49.61M | $53.61M | $45.45M | $41.72M | $43.44M | $27.88M | $23.58M | $18.75M |
| Inventory | $14.15M | $31.43M | $32.71M | $38.84M | $36.61M | $42.31M | $44.45M | $44.68M | $47.94M | $47.39M | $45.36M | $39.52M | $34.74M | $24.33M |
| Other Current Assets | $6.07M | $9.53M | $5.77M | $4.58M | $5.40M | $4.67M | $5.23M | $5.99M | $6.65M | $5.06M | $5.76M | $5.21M | $4.40M | $3.34M |
| Total Current Assets | $89.32M | $97.87M | $98.50M | $123.08M | $139.48M | $160.26M | $173.18M | $197.74M | $221.73M | $160.84M | $169.03M | $175.82M | $99.28M | $103.44M |
| Property Plant & Equipment | $42.69M | $37.66M | $36.09M | $39.84M | $37.38M | $44.05M | $40.32M | $37.20M | $35.13M | $34.00M | $31.24M | $27.67M | $25.86M | $22.27M |
| Goodwill | $1.74M | $19.64M | $17.90M | $17.90M | $17.90M | $75.77M | $144.88M | $144.88M | $144.88M | $144.88M | $232.22M | $204.24M | $203.71M | $201.45M |
| Intangible Assets | $6.63M | $8.40M | $7.67M | $8.95M | $10.39M | $12.05M | $13.00M | $13.86M | $16.30M | $17.28M | $27.03M | $25.07M | $26.58M | $28.64M |
| Other Non-current Assets | $648.00K | $664.00K | $639.00K | $580.00K | $590.00K | $627.00K | $638.00K | $1.12M | $669.00K | $654.00K | $686.00K | $3.02M | $2.86M | $2.49M |
| Total Assets | $147.45M | $171.28M | $168.42M | $199.08M | $215.03M | $303.02M | $380.27M | $404.50M | $428.52M | $365.60M | $468.44M | $441.00M | $362.54M | $360.92M |
| Accounts Payable | $28.40M | $25.73M | $25.94M | $26.06M | $28.89M | $32.46M | $29.62M | $26.30M | $31.19M | $30.12M | $30.07M | $28.62M | $24.59M | $16.42M |
| Accrued Liabilities | - | $14.85M | $8.96M | $9.69M | $9.48M | $11.00M | $12.74M | $15.48M | $14.14M | $15.45M | $17.81M | $12.81M | $13.11M | $11.96M |
| Deferred Revenue | $12.14M | $16.58M | $19.15M | $17.45M | $17.08M | $16.33M | $15.19M | $14.43M | $13.61M | $12.23M | $12.68M | $11.50M | $10.57M | $8.82M |
| Total Current Liabilities | $63.47M | $61.12M | $58.01M | $57.36M | $59.47M | $63.66M | $61.37M | $67.23M | $69.70M | $66.39M | $68.54M | $55.27M | $50.32M | $39.00M |
| Other Non-current Liabilities | $8.50M | $5.82M | $752.00K | $852.00K | $6.70M | $337.00K | $337.00K | $337.00K | $337.00K | $350.00K | $386.00K | $649.00K | $645.00K | $680.00K |
| Total Liabilities | $82.96M | $80.50M | $97.67M | $96.47M | $99.51M | $108.51M | $101.90M | $107.76M | $139.12M | $145.93M | $147.88M | $107.34M | $101.58M | $91.43M |
| Common Stock | $142.00K | $114.00K | $103.00K | $103.00K | $102.00K | $101.00K | $101.00K | $101.00K | $93.00K | $67.00K | $64.00K | $60.00K | $51.00K | $51.00K |
| Retained Earnings | $-822.43M | $-788.61M | $-788.52M | $-756.56M | $-739.04M | $-662.34M | $-574.96M | $-554.90M | $-537.72M | $-518.03M | $-405.31M | $-363.83M | $-334.03M | $-305.88M |
| Total Stockholders Equity | $64.49M | $90.78M | $70.75M | $102.60M | $115.52M | $194.51M | $278.37M | $296.74M | $289.40M | $219.66M | $320.56M | $333.66M | $260.96M | $269.49M |
| Total Liabilities & Equity | $147.45M | $171.28M | $168.42M | $199.08M | $215.03M | $303.02M | $380.27M | $404.50M | $428.52M | $365.60M | $468.44M | $441.00M | $362.54M | $360.92M |
| 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 | $-30.63M | $-86.00K | $-52.67M | $-20.71M | $-76.70M | $-124.62M | $-37.23M | $-17.17M | $-19.69M | $-184.00M | $-71.28M | $-29.80M | $-28.15M | $-63.41M |
| Depreciation & Amortization | $-3.28M | $8.15M | $5.58M | $3.49M | $-2.73M | $9.57M | $6.58M | $3.34M | $-4.81M | $9.69M | $6.83M | $3.17M | $4.37M | $5.17M |
| Stock-based Compensation | $578.00K | $433.00K | $1.75M | $966.00K | $648.00K | $2.88M | $1.95M | - | $1.50M | - | - | - | - | - |
| Change in Receivables | - | - | - | - | - | $4.97M | - | - | - | - | - | - | - | $7.29M |
| Change in Inventory | $-14.81M | $-31.00K | $-961.00K | $716.00K | $-1.15M | $651.00K | $-2.24M | $-1.98M | $518.00K | $14.84M | $11.86M | $3.20M | $8.49M | $15.79M |
| Operating Cash Flow | $683.00K | $-31.54M | $-28.52M | $-11.86M | $-13.46M | $-34.83M | $-25.73M | $-21.48M | $-20.41M | $-77.16M | $-65.04M | $-24.18M | $-24.59M | $-57.78M |
| Capital Expenditure | $5.48M | $4.22M | - | $2.37M | $-960.00K | $9.58M | $8.58M | $2.83M | $287.00K | $7.26M | $5.65M | $1.67M | $3.02M | $2.23M |
| Purchases of Investments | - | - | - | - | $202.00K | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-2.62M | $11.17M | $10.11M | $11.09M | $15.02M | $-9.74M | $-8.74M | $-2.83M | $-789.00K | $-12.45M | $-10.83M | $-2.21M | $-3.22M | $-54.23M |
| Financing Cash Flow | $18.40M | $865.00K | $874.00K | $883.00K | $1.31M | $-13.73M | $-13.47M | $-6.70M | $76.42M | $120.89M | $112.43M | $95.36M | $7.16M | $-766.00K |
| Net Change in Cash | $16.46M | $-18.66M | $-16.45M | $249.00K | $161.00K | $-57.11M | $-47.81M | $-28.23M | $55.02M | $30.12M | $37.91M | $66.65M | $-20.28M | $-117.96M |
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 | $27.03M | - | $76.45M | - |
| Cost of Revenue | $17.36M | - | $57.32M | - |
| Gross Profit | $9.67M | - | $19.13M | - |
| Operating Expenses | $9.87M | - | $72.62M | - |
| Operating Income | $-205.00K | - | $-53.49M | - |
| Interest Expense | - | - | $71.00K | - |
| Other Income/Expense | $2.00K | - | $2.00K | - |
| Income Before Tax | $-46.00K | - | $-52.59M | - |
| Income Tax Expense | $40.00K | - | $163.00K | - |
| Net Income | $-86.00K | $-20.06M | $-52.75M | - |
| Basic EPS | 0.00 | - | -0.50 | - |
| Diluted EPS | 0.00 | - | -0.50 | - |
| Basic Shares Outstanding | $109.11M | - | $104.85M | - |
| Diluted Shares Outstanding | $109.11M | - | $104.85M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $23.11M | $41.77M |
| Short-term Investments | - | $13.63M |
| Accounts Receivable | $33.80M | $41.59M |
| Inventory | $31.43M | $38.28M |
| Other Current Assets | $9.53M | $5.88M |
| Total Current Assets | $97.87M | $141.15M |
| Property Plant & Equipment | $37.66M | $38.67M |
| Goodwill | $19.64M | $17.90M |
| Intangible Assets | $8.40M | $10.39M |
| Other Non-current Assets | $664.00K | $590.00K |
| Total Assets | $171.28M | $217.99M |
| Accounts Payable | $25.73M | $28.89M |
| Accrued Liabilities | $14.85M | $10.27M |
| Deferred Revenue | $16.58M | $16.57M |
| Total Current Liabilities | $61.12M | $59.24M |
| Other Non-current Liabilities | $5.82M | $3.44M |
| Total Liabilities | $80.50M | $99.29M |
| Common Stock | $114.00K | $102.00K |
| Retained Earnings | $-788.61M | $-735.86M |
| Total Stockholders Equity | $90.78M | $118.70M |
| Total Liabilities & Equity | $171.28M | $217.99M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-86.00K | $-20.06M | $-52.75M | - |
| Depreciation & Amortization | - | - | $8.15M | - |
| Stock-based Compensation | $433.00K | - | $2.19M | - |
| Change in Inventory | - | - | $-31.00K | - |
| Operating Cash Flow | - | - | $-31.54M | - |
| Capital Expenditure | - | - | $4.22M | - |
| Purchases of Investments | - | - | - | - |
| Investing Cash Flow | - | - | $11.17M | - |
| Financing Cash Flow | - | - | $865.00K | - |
| Net Change in Cash | - | - | $-18.66M | - |
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.