$56.20M
Revenue
$19.49M
Net Income
50.58%
Gross Margin
-70.14%
Op. Margin
$-60.91M
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 | $56.20M | $56.20M | $47.75M | $50.23M | $46.85M | $42.21M |
| Revenue Growth % | 0.0% | 17.7% | -4.9% | 7.2% | 11.0% | nan% |
| Cost of Revenue | $27.77M | $27.77M | $23.25M | $24.91M | $20.83M | $18.97M |
| Gross Profit | $28.42M | $28.42M | $24.50M | $25.32M | $26.02M | $23.23M |
| Gross Margin % | 50.6% | 50.6% | 51.3% | 50.4% | 55.5% | 55.0% |
| Operating Expenses | $67.84M | $67.84M | $81.89M | $68.08M | $61.41M | $45.30M |
| Research & Development | $15.57M | $15.57M | $14.99M | $21.90M | $17.53M | $13.07M |
| Selling General & Admin | $38.53M | $38.53M | $39.46M | $46.18M | $43.88M | $32.23M |
| Operating Income | $-39.42M | $-39.42M | $-57.39M | $-42.76M | $-35.38M | $-22.07M |
| Operating Margin % | -70.1% | -70.1% | -120.2% | -85.1% | -75.5% | -52.3% |
| Interest Expense | - | - | - | $201.00K | $129.00K | $486.00K |
| Other Income/Expense | $-347.00K | $-346.00K | $-241.00K | $-131.00K | $-83.00K | $386.00K |
| Income Before Tax | - | $-33.34M | $-53.14M | $-36.61M | $-33.56M | - |
| Income Tax Expense | - | $-66.00K | $-282.00K | $-211.00K | - | - |
| Net Income | $19.49M | $19.49M | $-72.21M | $-36.40M | $-33.56M | $-22.17M |
| Net Margin % | 34.7% | 34.7% | -151.2% | -72.5% | -71.6% | -52.5% |
| Basic EPS | 0.56 | 0.54 | -2.12 | -1.13 | -1.07 | -0.79 |
| Diluted EPS | 0.56 | 0.54 | -2.12 | -1.13 | -1.07 | -0.79 |
| Basic Shares Outstanding | - | 35.9M | 34.1M | 32.2M | 31.5M | 28.0M |
| Diluted Shares Outstanding | - | 35.9M | 34.1M | 32.2M | 31.5M | 28.0M |
| 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 | $70.52M | $44.03M | $121.04M | $188.42M | $224.07M |
| Short-term Investments | $42.45M | $25.57M | $24.64M | - | - |
| Accounts Receivable | $11.33M | $8.85M | $8.99M | $10.03M | $16.38M |
| Inventory | $12.99M | $10.89M | $14.94M | $12.51M | $7.92M |
| Other Current Assets | $7.27M | $4.18M | $4.18M | $4.66M | $4.53M |
| Total Current Assets | $144.56M | $103.06M | $173.79M | $215.63M | $252.89M |
| Property Plant & Equipment | $4.23M | $1.59M | $3.34M | $3.08M | $1.60M |
| Goodwill | - | - | $10.37M | $10.05M | - |
| Intangible Assets | $36.41M | $38.68M | $7.86M | $8.49M | - |
| Other Non-current Assets | $471.00K | $511.00K | $1.39M | $1.38M | $1.23M |
| Total Assets | $190.07M | $159.48M | $202.98M | $242.59M | $260.91M |
| Accounts Payable | $1.59M | $1.37M | $1.19M | $1.40M | $1.37M |
| Accrued Liabilities | $6.84M | $7.20M | $8.71M | $8.85M | $6.96M |
| Deferred Revenue | $8.93M | $10.42M | $10.63M | $7.51M | $5.16M |
| Total Current Liabilities | $34.06M | $25.15M | $22.55M | $19.23M | $14.84M |
| Long-term Debt | - | - | - | $15.00M | $15.00M |
| Deferred Tax Liabilities | - | $2.03M | $2.44M | $2.67M | - |
| Other Non-current Liabilities | $30.00K | $2.28M | - | $555.00K | - |
| Total Liabilities | $46.37M | $44.88M | $37.49M | $51.99M | $46.30M |
| Common Stock | $36.00K | $35.00K | $33.00K | $32.00K | $31.00K |
| Retained Earnings | $-223.32M | $-242.81M | $-170.60M | $-134.20M | $-100.64M |
| Total Stockholders Equity | $143.70M | $114.59M | $165.49M | $190.60M | $214.60M |
| Total Liabilities & Equity | $190.07M | $159.48M | $202.98M | $242.59M | $260.91M |
| 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 | $19.49M | $19.49M | $-72.21M | $-36.40M | $-33.56M | $-22.17M |
| Depreciation & Amortization | $8.02M | $4.46M | $4.68M | $2.38M | $1.61M | $925.00K |
| Stock-based Compensation | $16.91M | $9.85M | $11.76M | $9.79M | $7.21M | $2.50M |
| Deferred Income Tax | - | - | $-283.00K | $-305.00K | $-129.00K | - |
| Change in Receivables | $-10.16M | $-220.00K | $2.93M | $-680.00K | $-5.93M | $11.28M |
| Change in Inventory | $10.98M | $3.73M | $1.66M | $3.90M | $5.47M | $4.48M |
| Operating Cash Flow | $-59.51M | $-23.69M | $-30.25M | $-25.06M | $-20.93M | $-29.08M |
| Capital Expenditure | $1.40M | $955.00K | $602.00K | $2.04M | $2.04M | $737.00K |
| Acquisitions | - | - | - | - | $13.76M | - |
| Purchases of Investments | $147.74M | $64.00M | $55.50M | $48.87M | - | - |
| Investing Cash Flow | $139.79M | $50.75M | $-46.32M | $-26.40M | $-15.81M | $-737.00K |
| Financing Cash Flow | $-1.15M | $-697.00K | $-376.00K | $-15.94M | $1.18M | $94.72M |
| Net Change in Cash | $79.20M | $26.39M | $-77.01M | $-67.38M | $-35.54M | $64.91M |
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 | $14.01M | - | $38.82M | - |
| Cost of Revenue | $6.65M | - | $19.55M | - |
| Gross Profit | $7.36M | - | $19.27M | - |
| Operating Expenses | $23.68M | - | $61.78M | - |
| Research & Development | $3.84M | - | $12.07M | - |
| Selling General & Admin | $9.13M | - | $29.71M | - |
| Operating Income | $-16.32M | - | $-42.51M | - |
| Other Income/Expense | $-89.00K | - | $-229.00K | - |
| Income Before Tax | $-14.88M | - | $-37.55M | - |
| Income Tax Expense | $29.00K | - | $100.00K | - |
| Net Income | $-14.98M | $-12.55M | $15.31M | - |
| Basic EPS | -0.41 | - | 0.43 | - |
| Diluted EPS | -0.41 | - | 0.43 | - |
| Basic Shares Outstanding | $36.10M | - | $35.79M | - |
| Diluted Shares Outstanding | $36.10M | - | $35.79M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $62.80M | $43.35M |
| Short-term Investments | $49.25M | $25.57M |
| Accounts Receivable | $11.00M | $8.85M |
| Inventory | $15.33M | $10.89M |
| Other Current Assets | $6.56M | $4.18M |
| Total Current Assets | $144.94M | $103.06M |
| Property Plant & Equipment | $4.15M | $1.59M |
| Intangible Assets | $37.14M | $38.68M |
| Other Non-current Assets | $494.00K | $511.00K |
| Total Assets | $190.87M | $159.48M |
| Accounts Payable | $1.81M | $1.37M |
| Accrued Liabilities | $7.07M | $7.20M |
| Deferred Revenue | $9.11M | $10.42M |
| Total Current Liabilities | $41.48M | $25.15M |
| Other Non-current Liabilities | $30.00K | $2.28M |
| Total Liabilities | $54.57M | $44.88M |
| Common Stock | $36.00K | $35.00K |
| Retained Earnings | $-227.49M | $-242.81M |
| Total Stockholders Equity | $136.30M | $114.59M |
| Total Liabilities & Equity | $190.87M | $159.48M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.98M | $-12.55M | $15.31M | - |
| Depreciation & Amortization | - | - | $3.35M | - |
| Stock-based Compensation | - | - | $7.08M | - |
| Change in Receivables | - | - | $-546.00K | - |
| Change in Inventory | - | - | $5.46M | - |
| Operating Cash Flow | - | - | $-25.01M | - |
| Capital Expenditure | - | - | $961.00K | - |
| Purchases of Investments | - | - | $54.28M | - |
| Investing Cash Flow | - | - | $43.94M | - |
| Financing Cash Flow | - | - | $-283.00K | - |
| Net Change in Cash | - | - | $18.67M | - |
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.