$250.22M
Revenue
$-15.38M
Net Income
17.00%
Gross Margin
-2.46%
Op. Margin
$10.75M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $58.91M | $63.34M | $59.54M | $68.43M | $69.97M | $72.77M | $73.15M |
| Revenue Growth % (YoY) | -15.8% | -13.0% | -18.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $49.80M | $51.87M | $48.50M | $57.50M | $59.24M | $61.07M | $59.61M |
| Gross Profit | $9.11M | $11.47M | $11.04M | $10.93M | $10.73M | $11.70M | $13.53M |
| Gross Margin % | 15.5% | 18.1% | 18.5% | 16.0% | 15.3% | 16.1% | 18.5% |
| Operating Expenses | $8.56M | $10.39M | $10.65M | $19.09M | $17.90M | $12.64M | $11.75M |
| Selling General & Admin | $7.69M | $9.24M | $9.29M | $11.41M | $10.09M | $10.27M | $9.39M |
| Operating Income | $547.00K | $1.07M | $382.00K | $-8.16M | $-7.18M | $-940.32K | $1.78M |
| Operating Margin % | 0.9% | 1.7% | 0.6% | -11.9% | -10.3% | -1.3% | 2.4% |
| Interest Expense | $2.18M | $2.39M | $2.38M | $2.27M | $2.50M | $2.72M | $2.61M |
| Income Before Tax | $-1.63M | $-1.31M | $-1.99M | $-10.43M | $-9.68M | $-3.66M | $-830.29K |
| Income Tax Expense | $25.00K | $35.00K | $-22.00K | $-22.00K | $-174.12K | $-278.34K | $684.11K |
| Net Income | $-1.66M | $-1.35M | $-1.97M | $-10.41M | $-9.51M | $-3.39M | $-1.51M |
| Net Margin % | -2.8% | -2.1% | -3.3% | -15.2% | -13.6% | -4.7% | -2.1% |
| Basic EPS | nan | -0.06 | -0.09 | -0.50 | -0.46 | -0.16 | -0.07 |
| Diluted EPS | nan | -0.06 | -0.09 | -0.50 | -0.46 | -0.16 | -0.07 |
| Basic Shares Outstanding | 57K | 21.0M | 20.9M | 20.9M | 75K | 20.7M | 20.5M |
| Diluted Shares Outstanding | 57K | 21.0M | 20.9M | 20.9M | 75K | 20.7M | 20.5M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.01M | $1.15M | $449.00K | $1.43M | $396.00K | $1.13M | $957.54K |
| Accounts Receivable | $49.01M | $50.75M | $53.66M | $64.16M | $62.25M | $60.13M | $62.46M |
| Other Current Assets | $1.17M | $2.12M | $2.62M | $2.42M | $2.60M | $3.31M | $2.57M |
| Total Current Assets | $51.20M | $54.01M | $56.73M | $68.02M | $75.14M | $64.57M | $65.99M |
| Property Plant & Equipment | $2.88M | - | - | - | $4.51M | - | - |
| Goodwill | $81.06M | $81.06M | $81.06M | $81.06M | $81.06M | $85.83M | $85.83M |
| Intangible Assets | $7.65M | $8.43M | $9.32M | $10.28M | $12.95M | $20.01M | $22.09M |
| Total Assets | $145.55M | $149.28M | $153.06M | $165.66M | $175.65M | $178.15M | $181.75M |
| Accounts Payable | $34.10M | - | - | - | $37.07M | - | - |
| Deferred Revenue | $128.00K | $69.00K | $146.00K | $142.00K | $1.00M | - | - |
| Other Current Liabilities | $128.00K | - | - | - | $1.00M | $1.43M | $1.77M |
| Total Current Liabilities | $39.53M | $40.80M | $39.82M | $46.47M | $44.39M | $42.54M | $44.35M |
| Long-term Debt | $64.00M | - | - | - | $76.27M | - | - |
| Other Non-current Liabilities | $1.51M | $1.09M | $628.00K | $717.00K | $833.00K | $946.18K | $1.06M |
| Total Liabilities | $105.04M | $107.28M | $110.12M | $121.30M | $121.49M | $115.39M | $116.16M |
| Common Stock | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K | $20.46K | $20.36K |
| Retained Earnings | $-140.49M | $-138.84M | $-137.49M | $-135.52M | $-125.11M | $-115.60M | $-112.22M |
| Total Stockholders Equity | $40.51M | $42.01M | $42.94M | $44.36M | $54.16M | $62.77M | $65.60M |
| Total Liabilities & Equity | $145.55M | $149.28M | $153.06M | $165.66M | $175.65M | $178.15M | $181.75M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-1.66M | $-1.35M | $-12.38M | $-10.41M | $-9.51M | $-3.39M | $-2.17M |
| Depreciation & Amortization | $1.13M | $1.30M | $1.30M | $1.54M | $2.31M | $2.37M | $4.73M |
| Stock-based Compensation | $-48.00K | $1.67M | $1.20M | $662.00K | $272.06K | $1.29M | $719.74K |
| Change in Receivables | $-1.19M | $-11.57M | $-8.51M | $1.77M | $6.81M | $2.94M | $4.89M |
| Operating Cash Flow | $1.05M | $8.51M | $2.85M | $-1.06M | $-4.77M | $-1.32M | $-844.45K |
| Capital Expenditure | $45.00K | $206.00K | $177.00K | $168.00K | $415.43K | $4.27M | $4.16M |
| Investing Cash Flow | $638.00K | $3.95M | $4.23M | $4.55M | $-773.72K | $-5.20M | $-4.85M |
| Debt Repayment | $1.42M | $4.68M | $4.24M | $3.79M | $433.86K | $869.14K | $579.42K |
| Financing Cash Flow | $-1.82M | $-11.70M | $-7.03M | $-2.46M | $4.80M | $7.32M | $6.33M |
| Net Change in Cash | $-132.00K | $750.00K | $53.00K | $1.03M | $-737.26K | $809.26K | $633.53K |
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 | $63.34M | - | $191.31M | - |
| Cost of Revenue | $51.87M | - | $157.88M | - |
| Gross Profit | $11.47M | - | $33.44M | - |
| Operating Expenses | $10.39M | - | $40.14M | - |
| Selling General & Admin | $9.24M | - | $29.95M | - |
| Operating Income | $1.07M | - | $-6.70M | - |
| Interest Expense | $2.39M | - | $7.03M | - |
| Income Before Tax | $-1.31M | - | $-13.73M | - |
| Income Tax Expense | $35.00K | - | $-9.00K | - |
| Net Income | $-1.35M | $-1.51M | $-13.73M | - |
| Basic EPS | -0.06 | - | -0.66 | - |
| Diluted EPS | -0.06 | - | -0.66 | - |
| Basic Shares Outstanding | $21.03M | - | $20.94M | - |
| Diluted Shares Outstanding | $21.03M | - | $20.94M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.15M | $396.00K |
| Accounts Receivable | $50.75M | $62.25M |
| Other Current Assets | $2.12M | $2.60M |
| Total Current Assets | $54.01M | $75.14M |
| Goodwill | $81.06M | $81.06M |
| Intangible Assets | $8.43M | $12.95M |
| Total Assets | $149.28M | $175.65M |
| Deferred Revenue | $69.00K | $1.00M |
| Total Current Liabilities | $40.80M | $44.39M |
| Other Non-current Liabilities | $1.09M | $833.00K |
| Total Liabilities | $107.28M | $121.49M |
| Common Stock | $21.00K | $21.00K |
| Retained Earnings | $-138.84M | $-125.11M |
| Total Stockholders Equity | $42.01M | $54.16M |
| Total Liabilities & Equity | $149.28M | $175.65M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.35M | $-1.51M | $-13.73M | - |
| Depreciation & Amortization | $1.30M | - | $4.15M | - |
| Stock-based Compensation | - | - | $1.67M | - |
| Change in Receivables | - | - | $-11.57M | - |
| Operating Cash Flow | - | - | $8.51M | - |
| Capital Expenditure | - | - | $206.00K | - |
| Investing Cash Flow | - | - | $3.95M | - |
| Debt Repayment | - | - | $4.68M | - |
| Financing Cash Flow | - | - | $-11.70M | - |
| Net Change in Cash | - | - | $750.00K | - |
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.