$151.82M
Revenue
$-11.67M
Net Income
59.37%
Gross Margin
-7.61%
Op. Margin
$3.35M
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 | $33.44M | $34.99M | $44.01M | $39.37M | $39.18M | $42.55M | $51.00M | $47.62M | $47.61M | $46.79M | $55.70M | $45.81M | $40.70M | $38.89M |
| Revenue Growth % (YoY) | -14.6% | -17.8% | -13.7% | -17.3% | -17.7% | -9.1% | -8.4% | 3.9% | 17.0% | 20.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $13.68M | $14.86M | $17.20M | $15.95M | $16.75M | $17.77M | $18.83M | $18.04M | $17.87M | $18.18M | $19.95M | $18.02M | $15.74M | $14.89M |
| Gross Profit | $19.77M | $20.13M | $26.81M | $23.42M | $22.43M | $24.78M | $32.18M | $29.58M | $29.74M | $28.62M | $35.75M | $27.80M | $24.96M | $24.00M |
| Gross Margin % | 59.1% | 57.5% | 60.9% | 59.5% | 57.3% | 58.2% | 63.1% | 62.1% | 62.5% | 61.2% | 64.2% | 60.7% | 61.3% | 61.7% |
| Operating Expenses | $34.45M | $44.74M | $43.23M | $40.96M | $43.31M | $46.26M | $55.98M | $36.61M | $46.20M | $45.84M | $50.34M | $44.05M | $46.67M | $40.27M |
| Selling General & Admin | $18.22M | $19.52M | $22.67M | $21.77M | $23.36M | $25.50M | $34.27M | $15.76M | $25.58M | $25.03M | $27.89M | $23.88M | $27.84M | $23.40M |
| Operating Income | $-1.01M | $-9.75M | $786.00K | $-1.59M | $-4.13M | $-3.72M | $-4.98M | $11.01M | $1.40M | $955.00K | $5.36M | $1.76M | $-5.96M | $-1.38M |
| Operating Margin % | -3.0% | -27.9% | 1.8% | -4.0% | -10.5% | -8.7% | -9.8% | 23.1% | 2.9% | 2.0% | 9.6% | 3.8% | -14.6% | -3.5% |
| Interest Expense | $1.34M | $4.22M | $2.95M | $1.52M | $1.52M | $4.48M | $2.95M | $1.53M | $1.02M | $1.84M | $1.89M | $1.74M | $1.93M | $1.77M |
| Income Before Tax | $-2.49M | $-11.16M | $-776.00K | $-3.21M | $-5.74M | $-5.31M | $-6.50M | $9.48M | $381.00K | $-881.00K | $3.47M | $27.00K | $-7.89M | $-3.15M |
| Income Tax Expense | $-3.77M | $-1.65M | $-185.00K | $-367.00K | $-706.00K | $733.00K | $-3.29M | $3.45M | $4.96M | $786.00K | $1.70M | $41.00K | $-700.00K | $4.23M |
| Net Income | $1.28M | $-9.51M | $-591.00K | $-2.85M | $-5.03M | $-6.04M | $-3.21M | $6.03M | $-4.57M | $-1.67M | $1.78M | $-14.00K | $-7.19M | $-7.38M |
| Net Margin % | 3.8% | -27.2% | -1.3% | -7.2% | -12.8% | -14.2% | -6.3% | 12.7% | -9.6% | -3.6% | 3.2% | -0.0% | -17.7% | -19.0% |
| Basic EPS | nan | -0.15 | -0.01 | -0.05 | -0.08 | -0.10 | -0.06 | 0.10 | -0.08 | -0.03 | 0.03 | 0.00 | -0.13 | -0.13 |
| Diluted EPS | nan | -0.15 | -0.01 | -0.05 | -0.08 | -0.10 | -0.06 | 0.10 | -0.08 | -0.03 | 0.03 | 0.00 | -0.13 | -0.13 |
| Basic Shares Outstanding | 249K | 62.4M | 59.6M | 58.5M | 145K | 57.7M | 57.6M | 57.4M | 117K | 56.8M | 56.8M | 56.4M | 45K | 55.6M |
| Diluted Shares Outstanding | 249K | 62.4M | 59.6M | 58.5M | 145K | 57.7M | 57.6M | 58.4M | -1.6M | 56.8M | 58.5M | 56.4M | 45K | 55.6M |
| 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 | $8.45M | $5.41M | $8.19M | $5.55M | $8.23M | $5.97M | $9.87M | $10.97M | $10.26M | $8.66M | $20.78M | $11.28M | $9.62M | $7.60M |
| Other Current Assets | $5.51M | $3.35M | $6.41M | $6.38M | $5.83M | $4.15M | $8.38M | $3.87M | $3.76M | $3.38M | $3.31M | $3.86M | $4.23M | $2.14M |
| Total Current Assets | $15.46M | $12.22M | $16.41M | $15.30M | $17.12M | $12.89M | $21.69M | $14.99M | $15.96M | $16.41M | $26.83M | $17.89M | $16.68M | $9.74M |
| Property Plant & Equipment | $27.81M | $29.51M | $33.85M | $35.75M | $37.47M | $36.28M | $31.82M | $29.78M | $28.91M | $28.91M | $28.92M | $27.28M | $24.21M | $22.30M |
| Goodwill | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M |
| Intangible Assets | $36.84M | $38.03M | $39.22M | $40.40M | $41.59M | $42.78M | $43.97M | $45.16M | $46.35M | $47.53M | $48.72M | $49.91M | $51.10M | $52.29M |
| Other Non-current Assets | $3.01M | $3.36M | $5.64M | $6.86M | $6.41M | $6.32M | $3.95M | $6.05M | $5.66M | $3.35M | $3.36M | $3.27M | $3.28M | $3.30M |
| Total Assets | $187.30M | $185.92M | $198.37M | $203.26M | $210.00M | $208.25M | $210.11M | $202.71M | $204.02M | $204.12M | $217.28M | $209.52M | $200.76M | $193.92M |
| Accounts Payable | $5.37M | $4.46M | $3.34M | $4.14M | $6.26M | $6.79M | $4.56M | $4.32M | $3.92M | $3.56M | $4.18M | $4.34M | $3.84M | $3.09M |
| Accrued Liabilities | $5.30M | $5.17M | $8.11M | $8.06M | $8.30M | $3.90M | $8.45M | $4.68M | $3.30M | $3.42M | $5.16M | $3.62M | $6.64M | $1.30M |
| Deferred Revenue | $1.87M | $880.00K | $1.12M | $2.03M | $1.17M | $2.34M | $942.00K | $2.04M | $1.46M | $1.56M | $4.27M | $3.89M | $2.36M | $2.22M |
| Total Current Liabilities | $27.90M | $24.16M | $25.83M | $26.79M | $28.61M | $25.35M | $25.12M | $21.77M | $20.32M | $19.79M | $23.95M | $21.52M | $22.32M | $13.55M |
| Long-term Debt | $56.05M | $51.91M | $53.19M | $64.26M | $69.71M | $66.42M | $67.54M | $68.52M | $69.50M | $70.60M | $80.88M | $81.15M | $81.42M | $81.60M |
| Deferred Tax Liabilities | $878.00K | $6.58M | $6.58M | $6.58M | $6.58M | $6.83M | $6.83M | $6.83M | $6.83M | $5.49M | $5.49M | $5.49M | $5.49M | $4.35M |
| Other Non-current Liabilities | - | - | $106.00K | $467.00K | $817.00K | $1.17M | $1.52M | - | $716.00K | $1.02M | $1.02M | $1.02M | $1.02M | $1.53M |
| Total Liabilities | $99.59M | $103.81M | $107.21M | $125.93M | $130.71M | $125.71M | $125.10M | $119.21M | $120.03M | $119.93M | $135.81M | $134.29M | $129.99M | $121.45M |
| Common Stock | $64.00K | $62.00K | $62.00K | $59.00K | $58.00K | $58.00K | $58.00K | $58.00K | $57.00K | $57.00K | $57.00K | $56.00K | $56.00K | $56.00K |
| Retained Earnings | $-40.57M | $-40.75M | $-31.24M | $-30.65M | $-27.80M | $-22.77M | $-16.73M | $-13.52M | $-19.55M | $-14.98M | $-13.31M | $-15.09M | $-15.07M | $-7.88M |
| Total Stockholders Equity | $87.71M | $82.11M | $91.16M | $77.33M | $79.29M | $82.54M | $85.01M | $83.50M | $83.99M | $84.19M | $81.47M | $75.23M | $70.77M | $72.47M |
| Total Liabilities & Equity | $187.30M | $185.92M | $198.37M | $203.26M | $210.00M | $208.25M | $210.11M | $202.71M | $204.02M | $204.12M | $217.28M | $209.52M | $200.76M | $193.92M |
| 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 | $1.28M | $-9.51M | $-591.00K | $-2.85M | $-5.03M | $-6.04M | $-3.21M | $6.03M | $-4.57M | $-1.67M | $1.78M | $-14.00K | $-7.19M | $-7.38M |
| Depreciation & Amortization | $3.08M | $3.22M | $6.49M | $3.24M | $3.19M | $8.69M | $5.69M | $2.81M | $2.77M | $7.48M | $4.85M | $2.34M | $2.22M | $1.99M |
| Stock-based Compensation | $-1.39M | $3.72M | $2.59M | $1.24M | $2.24M | $1.52M | $-1.91M | $-6.78M | $4.74M | $13.48M | $8.99M | $4.39M | $7.50M | $21.96M |
| Change in Payables | $919.00K | $-340.00K | $-1.46M | $-662.00K | $-106.00K | $845.00K | $-3.00K | $-527.00K | $601.00K | $-807.00K | $-392.00K | $85.00K | $1.15M | $-287.00K |
| Operating Cash Flow | $-2.53M | $5.63M | $5.85M | $868.00K | $2.71M | $8.64M | $6.81M | $3.37M | $4.87M | $19.09M | $18.45M | $6.22M | $6.64M | $17.81M |
| Capital Expenditure | $58.00K | $2.35M | $2.17M | $1.90M | $3.53M | $10.48M | $5.58M | $1.56M | $1.83M | $8.09M | $5.98M | $3.81M | $2.19M | $10.73M |
| Investing Cash Flow | $-58.00K | $-2.35M | $-2.17M | $-1.90M | $-3.53M | $-10.48M | $-5.58M | $-1.56M | $-1.83M | $-8.09M | $-5.98M | $-3.81M | $-2.19M | $-10.73M |
| Stock Issued | $5.00M | $13.77M | $14.01M | - | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | - | - | - | - | $238.00K | $14.00K | $14.00K | $13.00K | $179.00K | $206.00K | $206.00K | $206.00K | $348.00K | $22.80M |
| Financing Cash Flow | $5.63M | $-6.11M | $-3.73M | $-1.65M | $3.08M | $-2.45M | $-1.62M | $-1.10M | $-1.44M | $-11.95M | $-1.32M | $-737.00K | $-2.43M | $-24.83M |
| Net Change in Cash | $3.04M | $-2.83M | $-46.00K | $-2.68M | $2.26M | $-4.29M | $-396.00K | $707.00K | $1.60M | $-956.00K | $11.16M | $1.67M | $2.02M | $-17.75M |
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 | $34.99M | - | $118.38M | - |
| Cost of Revenue | $14.86M | - | $48.02M | - |
| Operating Expenses | $44.74M | - | $128.93M | - |
| Selling General & Admin | $19.52M | - | $63.96M | - |
| Operating Income | $-9.75M | - | $-10.55M | - |
| Interest Expense | $1.41M | - | $4.22M | - |
| Income Before Tax | $-11.16M | - | $-15.15M | - |
| Income Tax Expense | $-1.65M | - | $-2.20M | - |
| Net Income | $-9.51M | $-3.21M | $-12.95M | - |
| Basic EPS | -0.15 | - | -0.22 | - |
| Diluted EPS | -0.15 | - | -0.22 | - |
| Basic Shares Outstanding | $62.44M | - | $60.20M | - |
| Diluted Shares Outstanding | $62.44M | - | $60.20M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.41M | $8.23M |
| Other Current Assets | $3.35M | $5.83M |
| Total Current Assets | $12.22M | $17.12M |
| Property Plant & Equipment | $29.51M | $37.47M |
| Goodwill | $81.73M | $81.73M |
| Intangible Assets | $38.03M | $41.59M |
| Other Non-current Assets | $3.36M | $6.41M |
| Total Assets | $185.92M | $210.00M |
| Accounts Payable | $4.46M | $6.26M |
| Accrued Liabilities | $5.17M | $8.30M |
| Deferred Revenue | $880.00K | $1.17M |
| Total Current Liabilities | $24.16M | $28.61M |
| Long-term Debt | $51.91M | $65.46M |
| Deferred Tax Liabilities | $6.58M | $6.58M |
| Other Non-current Liabilities | - | $817.00K |
| Total Liabilities | $103.81M | $130.71M |
| Common Stock | $62.00K | $58.00K |
| Retained Earnings | $-40.75M | $-27.80M |
| Total Stockholders Equity | $82.11M | $79.29M |
| Total Liabilities & Equity | $185.92M | $210.00M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-9.51M | $-3.21M | $-12.95M | - |
| Depreciation & Amortization | $3.22M | - | $9.71M | - |
| Stock-based Compensation | - | - | $3.72M | - |
| Change in Payables | - | - | $-340.00K | - |
| Operating Cash Flow | - | - | $5.63M | - |
| Capital Expenditure | - | - | $2.35M | - |
| Investing Cash Flow | - | - | $-2.35M | - |
| Stock Issued | - | - | $13.77M | - |
| Dividends Paid | - | - | - | - |
| Financing Cash Flow | - | - | $-6.11M | - |
| Net Change in Cash | - | - | $-2.83M | - |
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.