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Financial Statements Annual (10-K)
Showing 5 of 5 annual reports available (2019 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Mar 31, 2025)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
+ Total Revenue - $362.51M $133.74M $135.16M $113.59M $81.92M
Revenue Growth % nan% 171.1% -1.1% 19.0% 38.7% nan%
Cost of Revenue - $167.98M $66.66M $70.99M $54.58M $43.55M
+ Gross Profit - $194.54M $67.08M $64.17M $59.02M $38.36M
Gross Margin % nan% 53.7% 50.2% 47.5% 52.0% 46.8%
Operating Expenses - $220.42M $79.63M $71.97M $62.48M $48.55M
Research & Development - $16.06M $8.38M $8.96M $10.60M $8.54M
Selling General & Admin - $204.36M $71.25M $63.00M $51.88M $34.87M
+ Operating Income - $-25.89M $-12.56M $-7.79M $-3.46M $-10.18M
Operating Margin % nan% -7.1% -9.4% -5.8% -3.0% -12.4%
Interest Expense - $15.34M $1.66M $1.31M $4.47M $948.00K
Interest Income - $926.00K $103.00K $71.00K $55.00K $125.00K
Other Income/Expense - $-1.16M $-29.00K $24.00K $-102.00K $-50.00K
Income Before Tax - $-46.45M $-5.05M $-6.71M $-7.97M $-11.06M
Income Tax Expense - $4.52M $589.00K $296.00K $1.04M $75.00K
+ Net Income - $-50.99M $-5.67M $-7.00M $-9.01M $-10.98M
Net Margin % nan% -14.1% -4.2% -5.2% -7.9% -13.4%
Basic EPS nan -0.43 -0.49 -0.34 -0.46 nan
Diluted EPS nan -0.43 -0.49 -0.48 nan nan
Basic Shares Outstanding 133.7M 119.9M 36K 35K - -
Diluted Shares Outstanding 133.7M 119.9M 36K 35K - -
Breakdown FY 2024
(Mar 31, 2025)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
Cash & Cash Equivalents $44.39M $19.02M $17.68M $18.13M $16.39M
Accounts Receivable $78.62M $32.44M $32.49M $24.15M $27.02M
Inventory $18.35M $22.60M $22.27M $12.87M $16.38M
Other Current Assets $23.32M $7.57M $7.71M $6.18M $7.37M
Total Current Assets $169.08M $82.03M $81.22M $64.77M $71.19M
Property Plant & Equipment $58.01M $12.38M $9.25M $8.80M $8.24M
Goodwill $383.15M $83.49M $83.49M $83.34M $89.07M
Intangible Assets $258.58M $20.07M $22.91M $31.28M $36.64M
Other Non-current Assets $21.18M $6.92M $5.76M $3.12M $2.53M
Total Assets $910.07M $217.75M $217.44M $208.80M $223.03M
Accounts Payable $41.60M - - - -
Short-term Debt $41.63M $21.09M $10.31M $5.58M $3.37M
Deferred Revenue $17.38M $5.67M $6.36M $7.34M $7.69M
Total Current Liabilities $151.01M $58.56M $45.71M $35.90M $41.81M
Long-term Debt $232.16M - $11.40M $23.18M $26.52M
Deferred Tax Liabilities $57.71M $4.45M $4.92M - $3.72M
Other Non-current Liabilities $3.02M $2.42M $636.00K $674.00K $120.00K
Total Liabilities $463.33M $79.83M $77.06M $77.52M $91.46M
Common Stock $1.34M $387.00K $376.00K $323.00K $308.00K
Retained Earnings $-205.78M $-146.28M $-141.44M $-121.15M $-112.14M
Treasury Stock $11.52M $8.65M $8.51M $6.86M $6.05M
Total Stockholders Equity $446.59M $57.54M $82.74M $79.21M $84.19M
Total Liabilities & Equity $910.07M $217.75M $217.44M $208.80M $223.03M
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Mar 31, 2025)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
Net Income - $-50.99M $-5.67M $-7.00M $-9.01M $-10.98M
Depreciation & Amortization - $47.49M $9.45M $8.26M $8.43M $3.35M
Stock-based Compensation - $9.36M $3.91M $4.34M $4.26M $3.79M
Change in Receivables - $14.05M $1.46M $1.64M $-2.17M $1.14M
Change in Inventory - $-5.73M $1.74M $4.47M $-3.05M $3.28M
Operating Cash Flow - $-3.35M $4.40M $757.00K $8.85M $-7.27M
Capital Expenditure - $20.01M $3.46M $4.01M $3.37M $1.04M
Acquisitions - $137.11M $-8.72M - - $69.00M
Purchases of Investments - - $100.00K $100.00K - $99.00K
Investing Cash Flow - $-170.60M $1.53M $-5.84M $-3.30M $-65.48M
Debt Repayment - $2.64M $4.41M $5.66M $2.86M $2.01M
Stock Issued - - - - $4.04M $46.31M
Stock Repurchased - $2.84M $141.00K $211.00K - $317.00K
Financing Cash Flow - $115.72M $-3.71M $-282.00K $-3.95M $78.64M
Net Change in Cash - $-60.88M $1.34M $-8.77M $1.73M $6.24M
SEC Filing Format - Data shown as it appears in the Q2 2026 (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 $111.68M - $215.80M -
Cost of Revenue $49.09M - $96.73M -
Gross Profit $62.59M - $119.07M -
Operating Expenses $58.34M - $116.86M -
Research & Development $4.19M - $9.05M -
Selling General & Admin $54.15M - $107.81M -
Operating Income $4.24M - $2.21M -
Interest Expense $6.98M - $12.19M -
Interest Income $262.00K - $458.00K -
Other Income/Expense $-546.00K - $-1.79M -
Income Before Tax $-3.02M - $-12.89M -
Income Tax Expense $1.27M - $1.63M -
Net Income $-4.29M $-22.34M $-14.52M -
Basic EPS -0.03 - -0.11 -
Diluted EPS -0.03 - -0.11 -
Basic Shares Outstanding $133.68M - $133.51M -
Diluted Shares Outstanding $133.68M - $133.51M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Mar 31, 2025
Cash & Cash Equivalents $27.90M $44.39M
Accounts Receivable $85.03M $78.62M
Inventory $22.47M $18.35M
Other Current Assets $27.86M $23.32M
Total Current Assets $167.84M $169.08M
Property Plant & Equipment $63.28M $58.01M
Goodwill $401.22M $383.15M
Intangible Assets $262.76M $258.58M
Other Non-current Assets $21.43M $21.18M
Total Assets $936.89M $910.07M
Accounts Payable $49.77M $41.60M
Short-term Debt $43.21M $41.63M
Deferred Revenue $17.20M $17.38M
Total Current Liabilities $156.35M $151.01M
Long-term Debt $231.91M $232.16M
Deferred Tax Liabilities $58.68M $57.71M
Other Non-current Liabilities $2.13M $3.02M
Total Liabilities $467.91M $463.33M
Common Stock $1.34M $1.34M
Retained Earnings $-220.31M $-205.78M
Treasury Stock $11.52M $11.52M
Total Stockholders Equity $468.83M $446.59M
Total Liabilities & Equity $936.89M $910.07M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-4.29M - $-14.52M -
Depreciation & Amortization - - $31.82M -
Stock-based Compensation - - $4.45M -
Deferred Income Tax - - $-1.86M -
Change in Receivables - - $7.56M -
Change in Inventory - - $4.76M -
Operating Cash Flow - - $10.24M -
Capital Expenditure - - $12.45M -
Acquisitions - - $-45.00K -
Investing Cash Flow - - $-23.88M -
Debt Repayment - - $2.71M -
Stock Repurchased - - - -
Dividends Paid - - - -
Financing Cash Flow - - $-3.33M -
Net Change in Cash - - $-16.31M -

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.

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