$211.08M
Revenue
$-51.06M
Net Income
69.32%
Gross Margin
-18.48%
Op. Margin
$-120.27M
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 | $64.62M | $53.78M | $51.30M | $41.38M | $44.51M | $40.23M | $44.12M | $37.17M | $31.56M | $38.51M | $48.56M | $46.52M | $43.81M | $38.24M |
| Revenue Growth % (YoY) | 45.2% | 33.7% | 16.3% | 11.3% | 41.0% | 4.5% | -9.2% | -20.1% | -28.0% | 0.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $19.09M | $16.09M | $16.03M | $13.57M | $14.02M | $14.51M | $15.18M | $12.79M | $10.97M | $12.45M | $18.30M | $16.45M | $15.65M | $12.21M |
| Gross Profit | $45.53M | $37.70M | $35.27M | $27.81M | $30.49M | $25.72M | $28.94M | $24.38M | $20.59M | $26.05M | $30.26M | $30.08M | $28.16M | $26.04M |
| Gross Margin % | 70.5% | 70.1% | 68.8% | 67.2% | 68.5% | 63.9% | 65.6% | 65.6% | 65.2% | 67.7% | 62.3% | 64.7% | 64.3% | 68.1% |
| Operating Expenses | $49.46M | $41.72M | $49.38M | $44.75M | $49.16M | $38.86M | $38.28M | $33.21M | $42.70M | $47.09M | $43.97M | $38.24M | $41.33M | $36.56M |
| Research & Development | $5.43M | $4.55M | $5.20M | $5.05M | $5.14M | $4.80M | $5.49M | $4.27M | $5.82M | $7.13M | $6.95M | $6.53M | $6.48M | $5.29M |
| Selling General & Admin | $44.03M | $37.17M | $44.18M | $39.70M | $44.02M | $34.05M | $32.79M | $28.94M | $36.88M | $39.96M | $37.03M | $31.71M | $34.85M | $31.27M |
| Operating Income | $-3.93M | $-4.03M | $-14.11M | $-16.95M | $-18.67M | $-13.14M | $-9.34M | $-8.83M | $-22.11M | $-21.04M | $-13.71M | $-8.16M | $-13.16M | $-10.52M |
| Operating Margin % | -6.1% | -7.5% | -27.5% | -41.0% | -41.9% | -32.7% | -21.2% | -23.8% | -70.1% | -54.6% | -28.2% | -17.5% | -30.0% | -27.5% |
| Interest Expense | $5.17M | $15.37M | $10.22M | $5.14M | $4.69M | $5.31M | $5.19M | $4.38M | $4.34M | $3.68M | $3.62M | $3.76M | $2.20M | $3.88M |
| Interest Income | $34.00K | $48.00K | $91.00K | $250.00K | $199.00K | $234.00K | $556.00K | $488.00K | $504.00K | $271.00K | $170.00K | $75.00K | $25.00K | $10.00K |
| Other Income/Expense | $-775.00K | $-542.00K | $4.38M | $2.75M | $-11.52M | $2.05M | $-2.78M | $-3.04M | $2.90M | $-4.16M | $1.34M | $729.00K | $2.59M | $-3.62M |
| Income Before Tax | $-11.91M | $-10.72M | $-15.59M | $-19.80M | $-35.94M | $-16.17M | $-16.75M | $-15.76M | $-23.05M | $-28.60M | $-15.82M | $-11.11M | $-12.74M | $-18.00M |
| Income Tax Expense | $-9.30M | $424.00K | $1.00M | $914.00K | $-1.41M | $510.00K | $428.00K | $438.00K | $-2.50M | $669.00K | $925.00K | $830.00K | $819.00K | $603.00K |
| Net Income | $-2.62M | $-11.15M | $-16.59M | $-20.71M | $-34.53M | $-16.68M | $-17.18M | $-16.20M | $-20.54M | $-29.27M | $-16.75M | $-11.94M | $-13.56M | $-18.61M |
| Net Margin % | -4.0% | -20.7% | -32.3% | -50.1% | -77.6% | -41.5% | -38.9% | -43.6% | -65.1% | -76.0% | -34.5% | -25.7% | -31.0% | -48.7% |
| Basic EPS | nan | -0.38 | -0.57 | -0.70 | -1.20 | -0.59 | -0.62 | -0.58 | -0.79 | -1.12 | -0.65 | -0.48 | -0.55 | -0.76 |
| Diluted EPS | nan | -0.38 | -0.57 | -0.70 | -1.20 | -0.59 | -0.62 | -0.58 | -0.79 | -1.12 | -0.65 | -0.48 | -0.55 | -0.76 |
| Basic Shares Outstanding | 65K | 29.6M | 28.9M | 29.5M | 277K | 28.2M | 27.9M | 27.8M | 156K | 26.0M | 25.6M | 24.7M | 51K | 24.5M |
| Diluted Shares Outstanding | 65K | 29.6M | 28.9M | 29.5M | 277K | 28.2M | 27.9M | 27.8M | 156K | 26.0M | 25.6M | 24.7M | 51K | 24.5M |
| 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) |
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 | $75.57M | $70.62M | $54.64M | $69.18M | $90.35M | $39.70M | $54.60M | $72.98M | $40.03M | $52.19M | $90.18M | $42.85M | $66.36M | $65.35M |
| Accounts Receivable | $77.50M | $71.44M | $70.09M | $63.24M | $65.00M | $67.25M | $59.98M | $50.84M | $46.92M | $54.69M | $51.40M | $41.05M | $35.42M | $31.25M |
| Inventory | $85.61M | $88.16M | $94.68M | $90.42M | $78.77M | $67.12M | $64.21M | $72.49M | $79.47M | $67.94M | $56.37M | $46.14M | $36.58M | $31.56M |
| Other Current Assets | $11.26M | $9.37M | $9.75M | $8.86M | $8.92M | $8.88M | $7.34M | $7.39M | $8.48M | $11.90M | $11.07M | $12.00M | $11.54M | $10.01M |
| Total Current Assets | $249.94M | $239.60M | $229.17M | $231.70M | $243.04M | $182.95M | $186.13M | $203.69M | $174.90M | $186.72M | $209.02M | $142.04M | $149.90M | $138.16M |
| Property Plant & Equipment | $75.61M | $76.24M | $76.36M | $76.39M | $78.03M | $79.42M | $79.55M | $79.24M | $77.20M | $72.64M | $66.21M | $57.05M | $51.09M | $39.21M |
| Goodwill | $1.21M | $1.21M | $1.21M | $1.21M | $1.21M | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K |
| Intangible Assets | $9.94M | $10.40M | $11.19M | $11.57M | $11.68M | $9.78M | $10.04M | $9.52M | $7.99M | $5.71M | $4.23M | $4.37M | $4.61M | $4.63M |
| Other Non-current Assets | $16.12M | $6.94M | $6.94M | $7.31M | $7.31M | $5.21M | $5.19M | $5.01M | $4.70M | $1.44M | $1.57M | $1.44M | $1.29M | $1.45M |
| Total Assets | $357.17M | $338.89M | $329.67M | $333.36M | $346.83M | $282.69M | $285.09M | $301.84M | $268.64M | $270.53M | $285.30M | $209.36M | $211.06M | $187.65M |
| Accounts Payable | $43.11M | $39.72M | $55.81M | $45.19M | $44.76M | $34.40M | $28.42M | $31.07M | $41.62M | $28.93M | $24.36M | $20.25M | $20.03M | $14.88M |
| Accrued Liabilities | $18.86M | $18.11M | $17.37M | $20.60M | $16.54M | $13.82M | $11.81M | $15.21M | $13.69M | $19.39M | $17.43M | $19.64M | $17.24M | $16.70M |
| Deferred Revenue | $1.21M | - | - | - | $1.75M | $1.65M | $1.66M | $1.74M | - | - | - | - | - | - |
| Other Current Liabilities | $20.18M | $14.15M | $7.57M | $3.25M | $6.98M | $2.28M | - | - | $1.84M | $1.99M | $1.48M | $1.58M | $1.69M | $793.00K |
| Total Current Liabilities | $82.14M | $71.98M | $80.74M | $69.04M | $68.28M | $50.50M | $41.89M | $48.02M | $57.15M | $50.30M | $43.27M | $41.47M | $38.96M | $32.38M |
| Long-term Debt | $247.52M | $246.46M | $221.13M | $220.34M | $219.58M | $194.36M | $193.73M | $192.19M | $188.74M | $185.32M | $181.97M | $178.65M | $175.46M | - |
| Other Non-current Liabilities | $1.14M | $1.11M | $1.67M | $1.63M | $1.68M | $1.29M | $1.46M | $1.54M | $1.65M | $1.50M | $1.99M | $1.82M | $1.63M | $2.24M |
| Total Liabilities | $333.62M | $322.53M | $306.90M | $294.81M | $293.74M | $249.97M | $240.07M | $244.93M | $250.25M | $240.05M | $230.43M | $225.35M | $219.25M | $186.13M |
| Common Stock | $433.38M | $426.07M | $425.86M | $424.53M | $420.36M | $368.93M | $368.23M | $367.14M | $315.63M | $310.61M | $309.73M | $224.91M | $223.64M | $223.14M |
| Retained Earnings | $-495.76M | $-493.14M | $-482.00M | $-465.40M | $-444.69M | $-410.16M | $-393.48M | $-376.30M | $-360.10M | $-339.55M | $-310.28M | $-293.54M | $-281.59M | $-268.03M |
| Total Stockholders Equity | $23.55M | $16.36M | $22.76M | $38.55M | $53.09M | $32.71M | $45.02M | $56.91M | $18.39M | $30.49M | $54.87M | $-16.00M | $-8.19M | $1.52M |
| Total Liabilities & Equity | $357.17M | $338.89M | $329.67M | $333.36M | $346.83M | $282.69M | $285.09M | $301.84M | $268.64M | $270.53M | $285.30M | $209.36M | $211.06M | $187.65M |
| 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 | $-2.62M | $-11.15M | $-37.30M | $-20.71M | $-34.53M | $-50.06M | $-33.38M | $-16.20M | $-20.54M | $-57.96M | $-16.75M | $-11.94M | $-13.56M | $-61.65M |
| Stock-based Compensation | $2.90M | $8.51M | $5.62M | $2.43M | $3.55M | $10.86M | $7.20M | $3.44M | $3.45M | $10.91M | $6.94M | $3.32M | $3.26M | $10.10M |
| Change in Receivables | $6.47M | $5.00M | $3.69M | $-775.00K | $5.15M | $21.13M | $14.22M | $4.61M | $-8.08M | $19.63M | $14.98M | $5.36M | $2.45M | $9.88M |
| Change in Inventory | $-1.11M | $8.17M | $15.57M | $10.18M | $11.34M | $-10.87M | $-12.36M | $-5.00M | $9.27M | $32.96M | $19.08M | $8.49M | $2.58M | $8.31M |
| Change in Payables | $2.64M | $-4.94M | $11.38M | $1.35M | $11.05M | $-4.38M | $-11.00M | $-10.10M | $10.28M | $8.67M | $3.67M | $-1.48M | $3.77M | $610.00K |
| Operating Cash Flow | $-162.00K | $-50.73M | $-39.48M | $-20.73M | $-20.75M | $-37.77M | $-25.31M | $-11.15M | $-8.15M | $-80.36M | $-48.85M | $-20.61M | $-14.02M | $-38.15M |
| Capital Expenditure | $1.82M | $4.22M | $2.38M | $753.00K | $531.00K | $5.58M | $4.11M | $3.31M | $655.00K | $7.25M | $3.55M | $432.00K | $966.00K | $1.89M |
| Acquisitions | - | $307.00K | $307.00K | $307.00K | $50.00K | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-1.66M | $-5.37M | $-3.41M | $-1.34M | $-1.82M | $-13.79M | $-11.03M | $-6.63M | $-4.62M | $-19.93M | $-13.33M | $-4.28M | $-10.43M | $-24.36M |
| Stock Issued | - | - | - | - | $49.75M | $49.74M | $49.74M | $49.74M | - | $84.54M | $84.54M | - | - | - |
| Financing Cash Flow | $6.05M | $34.38M | $4.93M | $-203.00K | $74.49M | $51.40M | $51.43M | $51.04M | $65.00K | $86.16M | $85.67M | $1.18M | $24.98M | $75.28M |
| Net Change in Cash | $4.95M | $-19.72M | $-35.71M | $-21.17M | $50.65M | $-338.00K | $14.56M | $32.95M | $-12.15M | $-14.16M | $23.83M | $-23.51M | $1.01M | $11.93M |
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 | $53.78M | - | $146.46M | - |
| Cost of Revenue | $16.09M | - | $45.68M | - |
| Gross Profit | $37.70M | - | $100.78M | - |
| Operating Expenses | $41.72M | - | $135.85M | - |
| Research & Development | $4.55M | - | $14.81M | - |
| Selling General & Admin | $37.17M | - | $121.04M | - |
| Operating Income | $-4.03M | - | $-35.08M | - |
| Interest Expense | $6.20M | - | $15.37M | - |
| Interest Income | $48.00K | - | $389.00K | - |
| Other Income/Expense | $-542.00K | - | $6.59M | - |
| Income Before Tax | $-10.72M | - | $-46.11M | - |
| Income Tax Expense | $424.00K | - | $2.34M | - |
| Net Income | $-11.15M | $-17.18M | $-48.45M | - |
| Basic EPS | -0.38 | - | -1.64 | - |
| Diluted EPS | -0.38 | - | -1.64 | - |
| Basic Shares Outstanding | $29.62M | - | $29.55M | - |
| Diluted Shares Outstanding | $29.62M | - | $29.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $70.62M | $90.35M |
| Accounts Receivable | $71.44M | $65.00M |
| Inventory | $88.16M | $78.77M |
| Other Current Assets | $9.37M | $8.92M |
| Total Current Assets | $239.60M | $243.04M |
| Property Plant & Equipment | $76.24M | $78.03M |
| Goodwill | $1.21M | $1.21M |
| Intangible Assets | $10.40M | $11.68M |
| Other Non-current Assets | $6.94M | $7.31M |
| Total Assets | $338.89M | $346.83M |
| Accounts Payable | $39.72M | $44.76M |
| Accrued Liabilities | $18.11M | $16.54M |
| Other Current Liabilities | $14.15M | $6.98M |
| Total Current Liabilities | $71.98M | $68.28M |
| Long-term Debt | $246.46M | $219.58M |
| Other Non-current Liabilities | $1.11M | $1.68M |
| Total Liabilities | $322.53M | $293.74M |
| Common Stock | $426.07M | $420.36M |
| Retained Earnings | $-493.14M | $-444.69M |
| Total Stockholders Equity | $16.36M | $53.09M |
| Total Liabilities & Equity | $338.89M | $346.83M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-11.15M | $-17.18M | $-48.45M | - |
| Stock-based Compensation | - | - | $8.51M | - |
| Change in Receivables | - | - | $5.00M | - |
| Change in Inventory | - | - | $8.17M | - |
| Change in Payables | - | - | $-4.94M | - |
| Operating Cash Flow | - | - | $-50.73M | - |
| Capital Expenditure | - | - | $4.22M | - |
| Acquisitions | - | - | $307.00K | - |
| Investing Cash Flow | - | - | $-5.37M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $34.38M | - |
| Net Change in Cash | - | - | $-19.72M | - |
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.