$120.50M
Revenue
$10.80M
Net Income
-
Gross Margin
9.41%
Op. Margin
$39.01M
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 | $120.50M | $120.50M | $110.84M | $117.06M | $138.83M | $139.60M |
| Revenue Growth % | 0.0% | 8.7% | -5.3% | -15.7% | -0.6% | nan% |
| Operating Expenses | $109.16M | $109.16M | $101.72M | $164.17M | $132.22M | $136.07M |
| Research & Development | $6.38M | $6.38M | $3.78M | $4.74M | $4.40M | $4.41M |
| Operating Income | $11.34M | $11.34M | $9.12M | $-47.12M | $6.61M | $3.53M |
| Operating Margin % | 9.4% | 9.4% | 8.2% | -40.2% | 4.8% | 2.5% |
| Interest Expense | $288.00K | $226.00K | $677.00K | $927.00K | $162.00K | $103.00K |
| Other Income/Expense | $-265.00K | $-265.00K | $-298.00K | $-883.00K | $-637.00K | $-96.00K |
| Income Before Tax | $11.00M | $11.00M | $8.01M | $-49.04M | $5.61M | $2.99M |
| Income Tax Expense | $199.00K | $199.00K | $160.00K | $-364.00K | $177.00K | $157.00K |
| Net Income | $10.80M | $10.80M | $7.85M | $-48.67M | $5.43M | $2.84M |
| Net Margin % | 9.0% | 9.0% | 7.1% | -41.6% | 3.9% | 2.0% |
| Basic EPS | nan | 0.10 | -0.28 | -4.11 | -0.67 | -0.77 |
| Diluted EPS | nan | 0.10 | -0.28 | -4.11 | -0.67 | nan |
| Basic Shares Outstanding | 1.6M | 37.8M | 16.1M | 15.7M | 15.1M | 14.5M |
| Diluted Shares Outstanding | 1.7M | 38.0M | 16.1M | 15.7M | 15.1M | - |
| 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 | $3.12M | $5.14M | $3.33M | $12.30M | $9.34M |
| Accounts Receivable | $15.06M | $12.77M | $11.89M | $14.77M | $17.01M |
| Inventory | $507.00K | $574.00K | $465.00K | $381.00K | $503.00K |
| Other Current Assets | $2.87M | $1.96M | $2.45M | $2.79M | $2.97M |
| Total Current Assets | $25.74M | $24.80M | $23.24M | $34.65M | $35.56M |
| Property Plant & Equipment | $7.78M | $5.29M | $5.32M | $5.06M | $5.40M |
| Goodwill | $31.44M | $19.19M | $19.19M | $61.19M | $61.19M |
| Intangible Assets | $18.97M | $18.70M | $25.07M | $29.52M | $30.78M |
| Other Non-current Assets | $569.00K | $507.00K | $641.00K | $838.00K | $981.00K |
| Total Assets | $87.60M | $71.61M | $77.83M | $136.17M | $140.85M |
| Accounts Payable | $6.94M | $4.57M | $5.80M | $5.68M | $5.95M |
| Accrued Liabilities | $5.97M | $4.95M | $5.07M | $4.43M | $5.09M |
| Deferred Revenue | $4.15M | $1.21M | $1.38M | $1.39M | $1.08M |
| Total Current Liabilities | $24.42M | $19.58M | $23.30M | $22.40M | $29.56M |
| Long-term Debt | $1.17M | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | $525.00K | $449.00K |
| Total Liabilities | $28.09M | $21.84M | $36.11M | $34.48M | $42.92M |
| Common Stock | $43.00K | $17.00K | $17.00K | $16.00K | $16.00K |
| Retained Earnings | $-55.83M | $-66.63M | $-74.48M | $-25.62M | $-31.05M |
| Treasury Stock | - | $662.00K | $662.00K | $662.00K | $662.00K |
| Total Stockholders Equity | $59.51M | $49.77M | $41.72M | $101.69M | $97.93M |
| Total Liabilities & Equity | $87.60M | $71.61M | $77.83M | $136.17M | $140.85M |
| 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 | $10.80M | $10.80M | $7.85M | $-48.67M | $5.43M | $2.84M |
| Depreciation & Amortization | $18.30M | $14.96M | $14.14M | $14.40M | $11.72M | $12.20M |
| Stock-based Compensation | $454.00K | $454.00K | $115.00K | $4.89M | $4.91M | $5.40M |
| Deferred Income Tax | - | - | - | $-525.00K | $76.00K | - |
| Change in Receivables | $2.55M | $408.00K | $1.22M | $-2.25M | $-1.49M | $620.00K |
| Change in Inventory | $-83.00K | $-67.00K | $109.00K | $84.00K | $-122.00K | $104.00K |
| Operating Cash Flow | $46.20M | $28.56M | $20.64M | $15.46M | $21.15M | $13.33M |
| Capital Expenditure | $7.19M | $4.78M | $1.70M | $3.06M | $2.59M | $2.93M |
| Acquisitions | - | - | - | - | - | $12.58M |
| Investing Cash Flow | $-29.55M | $-24.54M | $-7.41M | $-11.61M | $-11.77M | $-23.15M |
| Stock Issued | - | - | - | - | - | $2.73M |
| Financing Cash Flow | $-11.24M | $-5.61M | $-11.26M | $-13.29M | $-7.65M | $-519.00K |
| Net Change in Cash | $5.43M | $-1.53M | $1.81M | $-8.97M | $1.96M | $-10.59M |
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 | $31.07M | - | $86.08M | - |
| Operating Expenses | $27.86M | - | $77.85M | - |
| Research & Development | $1.58M | - | $3.84M | - |
| Operating Income | $3.21M | - | $8.22M | - |
| Interest Expense | - | - | $64.00K | - |
| Other Income/Expense | $-55.00K | - | $-104.00K | - |
| Income Before Tax | $3.10M | - | $8.04M | - |
| Income Tax Expense | $43.00K | - | $126.00K | - |
| Net Income | $3.06M | $1.67M | $7.91M | - |
| Basic EPS | 0.04 | - | 0.07 | - |
| Diluted EPS | 0.04 | - | 0.07 | - |
| Basic Shares Outstanding | $42.37M | - | $36.24M | - |
| Diluted Shares Outstanding | $42.37M | - | $36.24M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.26M | $5.14M |
| Accounts Receivable | $15.32M | $12.77M |
| Inventory | $605.00K | $574.00K |
| Other Current Assets | $4.29M | $1.96M |
| Total Current Assets | $29.26M | $24.80M |
| Property Plant & Equipment | $6.31M | $5.29M |
| Goodwill | $30.41M | $19.19M |
| Intangible Assets | $21.26M | $18.70M |
| Other Non-current Assets | $549.00K | $507.00K |
| Total Assets | $90.58M | $71.61M |
| Accounts Payable | $6.69M | $4.57M |
| Accrued Liabilities | $5.67M | $4.95M |
| Deferred Revenue | $4.27M | $1.21M |
| Total Current Liabilities | $23.20M | $19.58M |
| Total Liabilities | $32.77M | $21.84M |
| Common Stock | $43.00K | $17.00K |
| Retained Earnings | $-58.72M | $-66.63M |
| Total Stockholders Equity | $57.80M | $49.77M |
| Total Liabilities & Equity | $90.58M | $71.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $3.06M | $1.67M | $7.91M | - |
| Depreciation & Amortization | $4.02M | - | $10.74M | - |
| Stock-based Compensation | $88.00K | - | $307.00K | - |
| Change in Receivables | - | - | $796.00K | - |
| Change in Inventory | - | - | $31.00K | - |
| Operating Cash Flow | - | - | $19.89M | - |
| Capital Expenditure | - | - | $2.65M | - |
| Investing Cash Flow | - | - | $-21.20M | - |
| Financing Cash Flow | - | - | $1.23M | - |
| Net Change in Cash | - | - | $-72.00K | - |
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.