$59.23M
Revenue
$-13.46M
Net Income
26.65%
Gross Margin
-2.42%
Op. Margin
$1.97M
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 | $59.23M | $59.23M | $56.68M | $44.55M | $19.58M | $12.92M | $15.84M | $7.00M | $1.74M | $1.10M | $1.93M |
| Revenue Growth % | 0.0% | 4.5% | 27.2% | 127.5% | 51.5% | -18.4% | 126.3% | 303.2% | 57.2% | -42.9% | nan% |
| Cost of Revenue | $43.44M | $43.44M | $40.22M | $31.77M | $10.49M | $6.32M | $7.91M | $5.94M | $1.38M | $671.29K | $1.13M |
| Gross Profit | $15.79M | $15.79M | $16.46M | $12.78M | $9.09M | $6.60M | $7.93M | $1.06M | $357.27K | $1.11M | $799.91K |
| Gross Margin % | 26.7% | 26.7% | 29.0% | 28.7% | 46.4% | 51.1% | 50.1% | 15.1% | 20.6% | 100.1% | 41.4% |
| Operating Expenses | - | - | - | - | $14.25M | $18.51M | $80.86M | $9.45M | - | - | - |
| Selling General & Admin | $16.43M | $16.43M | $21.38M | $22.52M | $14.25M | $18.51M | $22.09M | $8.00M | $3.49M | $3.69M | $3.09M |
| Operating Income | $-1.43M | $-1.43M | $-4.92M | $-26.81M | $-5.16M | $-11.91M | $-72.93M | $-6.94M | $-3.14M | $-2.59M | $-2.29M |
| Operating Margin % | -2.4% | -2.4% | -8.7% | -60.2% | -26.4% | -92.1% | -460.4% | -99.2% | -180.8% | -234.4% | -118.6% |
| Interest Expense | - | $12.29M | $12.61M | $425.00K | $153.00K | $322.17K | $581.92K | $20.08K | $46.88K | $83.59K | $11.11K |
| Interest Income | - | - | - | - | - | - | - | $47.40K | $3.35K | $701.00 | $69.00 |
| Other Income/Expense | $285.00K | $285.00K | $547.00K | $437.00K | $163.00K | $2.15K | $274.07K | $131.72K | $-993.73K | $-406.00K | $-373.67K |
| Income Before Tax | $-13.46M | $-13.46M | $-17.02M | $-35.56M | $-8.12M | $-12.00M | $-73.28M | $-6.81M | $-4.13M | - | - |
| Income Tax Expense | - | - | - | - | - | - | $-567.51K | $-3.55M | - | - | - |
| Net Income | $-13.46M | $-13.46M | $-17.02M | $-35.56M | $-8.12M | $-12.00M | $-72.71M | $-3.40M | $-5.22M | $-2.99M | $-2.67M |
| Net Margin % | -22.7% | -22.7% | -30.0% | -79.8% | -41.5% | -92.8% | -459.1% | -48.6% | -301.0% | -271.2% | -137.9% |
| Basic EPS | nan | -0.08 | -0.10 | -0.22 | -0.05 | -0.10 | -0.65 | nan | nan | nan | nan |
| Diluted EPS | nan | -0.08 | -0.10 | -0.22 | -0.05 | -0.10 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 605K | 176.5M | 171.2M | 164.8M | 149.2M | 128.2M | 112.5M | - | - | - | - |
| Diluted Shares Outstanding | 605K | 176.5M | 171.2M | 164.8M | 149.2M | 128.2M | - | - | - | - | - |
| 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 | $1.37M | $2.55M | $4.00M | $316.00K | $781.32K | $736.05K | $957.01K | $1.04M | $140.02K | $162.79K |
| Accounts Receivable | $16.29M | $15.03M | $14.68M | $3.60M | $3.55M | $6.43M | $4.00M | $561.47K | $879.77K | $157.01K |
| Inventory | - | - | - | - | - | - | - | - | $611.47K | $1.13M |
| Other Current Assets | $1.17M | $859.00K | $1.06M | $600.00K | $904.72K | $940.21K | $752.98K | $611.21K | $145.73K | $132.95K |
| Total Current Assets | $20.69M | $20.30M | $19.74M | $4.50M | $5.26M | $8.12M | $5.77M | $2.47M | $1.78M | $1.58M |
| Property Plant & Equipment | $124.00K | $69.00K | $199.00K | $40.00K | $65.12K | $113.25K | $30.67K | $5.46K | $89.50K | $99.00K |
| Goodwill | $7.00M | $7.79M | $7.79M | $19.64M | $19.65M | $19.65M | $53.65M | $988.93K | $446.43K | - |
| Intangible Assets | $11.54M | $13.41M | $15.23M | $4.51M | $6.06M | $7.65M | $19.61M | $221.12K | $1.06M | $967.11K |
| Other Non-current Assets | $158.00K | $158.00K | $156.00K | $137.00K | $242.69K | $253.65K | $35.82K | - | $44.61K | $184.40K |
| Total Assets | $39.69M | $41.97M | $43.42M | $29.20M | $31.56M | $36.53M | $80.46M | $5.03M | $3.72M | $2.98M |
| Accounts Payable | $18.22M | $14.43M | - | - | $8.46M | $9.60M | $8.36M | $655.23K | $1.24M | $654.14K |
| Accrued Liabilities | - | - | - | - | $3.76M | $3.55M | $3.23M | $465.03K | $90.00K | $11.11K |
| Deferred Revenue | $2.83M | $2.88M | $4.57M | $737.00K | $1.16M | $346.53K | $6.65K | $4.16K | $9.73K | - |
| Other Current Liabilities | $4.21M | $4.40M | $3.02M | $1.84M | $5.05K | - | - | - | - | - |
| Total Current Liabilities | $116.23M | $33.78M | $30.80M | $17.85M | $23.07M | $16.06M | $12.16M | $1.59M | $2.18M | $1.22M |
| Long-term Debt | $86.14M | $78.82M | - | - | - | - | - | - | $54.95K | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | $581.44K | - | - | - |
| Other Non-current Liabilities | $12.00K | $169.00K | - | - | - | - | - | - | - | - |
| Total Liabilities | $116.32M | $105.20M | $90.08M | $43.27M | $38.29M | $33.01M | $12.96M | $1.60M | $3.38M | $1.41M |
| Common Stock | $1.83M | $1.77M | $1.72M | $1.50M | $1.50M | $1.18M | $1.00M | $621.25K | $461.69K | $449.02K |
| Retained Earnings | $-180.31M | $-166.86M | $-149.83M | $-114.27M | $-106.14M | $-93.93M | $-20.44M | $-17.04M | $-11.82M | $-8.82M |
| Treasury Stock | $220.00K | $220.00K | $220.00K | $220.00K | $219.84K | $219.84K | - | - | - | - |
| Total Stockholders Equity | $-76.64M | $-63.23M | $-46.66M | $-14.07M | $-6.72M | $3.51M | $67.49M | $3.42M | $343.22K | $1.57M |
| Total Liabilities & Equity | $39.69M | $41.97M | $43.42M | $29.20M | $31.56M | $36.53M | $80.46M | $5.03M | $3.72M | $2.98M |
| 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 | $-16.69M | $-13.46M | $-17.02M | $-35.56M | $-8.12M | $-12.00M | $-72.71M | $-3.40M | $-5.22M | $-2.99M | $-2.67M |
| Depreciation & Amortization | - | $56.00K | $127.00K | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $233.00K | $125.00K | $254.00K | $196.00K | - | - | - | - | - | - | - |
| Deferred Income Tax | - | - | - | - | - | - | - | $-3.55M | - | - | - |
| Change in Receivables | $-129.00K | $1.54M | $369.00K | $-1.32M | $119.00K | $-3.08M | $35.14K | $1.83K | $-54.40K | $429.19K | $144.14K |
| Change in Inventory | - | - | - | - | - | - | - | - | - | $-493.16K | $15.18K |
| Change in Payables | - | - | - | - | - | $-1.20M | $-80.42K | $160.21K | $-231.51K | $127.59K | $224.48K |
| Operating Cash Flow | $2.14M | $1.25M | $1.88M | $-4.66M | $-3.12M | $-5.93M | $-6.51M | $-2.67M | $-3.97M | $-1.73M | $-1.86M |
| Capital Expenditure | $170.00K | $111.00K | $14.00K | $14.00K | $14.00K | $237.00 | $14.03K | $11.44K | $1.21K | $16.63K | $61.65K |
| Acquisitions | - | - | - | - | - | - | - | - | - | $207.80K | $607.46K |
| Investing Cash Flow | $-170.00K | $-111.00K | $-110.00K | $-14.00K | $-14.00K | $-237.00 | $1.64M | $697.55K | $13.97K | $-224.43K | $-669.11K |
| Debt Repayment | - | $2.29M | $3.12M | $270.00K | - | $285.00K | - | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | $4.02M | $1.64M | $5.14M | $50.00K | $800.00K |
| Dividends Paid | - | - | - | - | $5.00K | $5.00K | $63.14K | $319.35K | $111.94K | $11.30K | - |
| Financing Cash Flow | $-4.37M | $-2.31M | $-1.36M | $8.35M | $2.66M | $5.97M | $4.65M | $1.90M | $4.92M | $1.93M | $2.28M |
| Net Change in Cash | $-2.41M | $-1.18M | $406.00K | $3.69M | $-465.00K | $45.27K | $-220.97K | $-85.44K | $941.23K | $-22.77K | $-253.39K |
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 | $13.94M | - | $43.54M | - |
| Cost of Revenue | $9.69M | - | $31.98M | - |
| Gross Profit | $4.25M | - | $11.56M | - |
| Selling General & Admin | $4.10M | - | $12.64M | - |
| Operating Income | $155.00K | - | $-1.08M | - |
| Interest Expense | - | - | $532.00K | - |
| Other Income/Expense | $52.00K | - | $143.00K | - |
| Income Before Tax | $-2.83M | - | $-10.14M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-2.83M | $-5.21M | $-10.14M | - |
| Basic EPS | -0.02 | - | -0.06 | - |
| Diluted EPS | -0.02 | - | -0.06 | - |
| Basic Shares Outstanding | $175.86M | - | $175.94M | - |
| Diluted Shares Outstanding | $175.86M | - | $175.94M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $553.00K | $2.55M |
| Accounts Receivable | $14.22M | $15.03M |
| Other Current Assets | $790.00K | $859.00K |
| Total Current Assets | $17.43M | $20.30M |
| Property Plant & Equipment | $61.00K | $69.00K |
| Goodwill | $7.79M | $7.79M |
| Intangible Assets | $11.99M | $13.41M |
| Other Non-current Assets | $159.00K | $158.00K |
| Total Assets | $37.62M | $41.97M |
| Deferred Revenue | $5.30M | $2.88M |
| Other Current Liabilities | $3.08M | $4.40M |
| Total Current Liabilities | $34.71M | $33.78M |
| Total Liabilities | $110.98M | $105.20M |
| Common Stock | $1.80M | $1.77M |
| Retained Earnings | $-177.00M | $-166.86M |
| Treasury Stock | $220.00K | $220.00K |
| Total Stockholders Equity | $-73.37M | $-63.23M |
| Total Liabilities & Equity | $37.62M | $41.97M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.83M | $-5.21M | $-10.14M | - |
| Stock-based Compensation | - | - | $98.00K | - |
| Change in Receivables | - | - | $-706.00K | - |
| Operating Cash Flow | - | - | $347.00K | - |
| Capital Expenditure | - | - | $30.00K | - |
| Investing Cash Flow | - | - | $-30.00K | - |
| Debt Repayment | - | - | $2.29M | - |
| Financing Cash Flow | - | - | $-2.31M | - |
| Net Change in Cash | - | - | $-1.99M | - |
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.