$106.56M
Revenue
$-110.56M
Net Income
4.18%
Gross Margin
-72.14%
Op. Margin
$-116.10M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $26.45M | $29.17M | $27.43M | $23.51M | $28.05M | $28.39M | $32.37M |
| Revenue Growth % (YoY) | -5.7% | 2.8% | -15.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $25.68M | $27.66M | $24.06M | $24.71M | $26.22M | $27.50M | $27.73M |
| Gross Profit | $768.00K | $1.51M | $3.37M | $-1.20M | $1.83M | $890.00K | $4.64M |
| Gross Margin % | 2.9% | 5.2% | 12.3% | -5.1% | 6.5% | 3.1% | 14.3% |
| Operating Expenses | $52.32M | $45.67M | $43.36M | $42.07M | $19.94M | $37.02M | $57.62M |
| Operating Income | $-25.88M | $-16.50M | $-15.93M | $-18.57M | $8.11M | $-8.64M | $-25.26M |
| Operating Margin % | -97.8% | -56.6% | -58.1% | -79.0% | 28.9% | -30.4% | -78.0% |
| Interest Expense | $2.29M | $3.25M | $3.77M | $3.90M | $2.95M | $2.09M | $1.91M |
| Other Income/Expense | $-6.17M | $-105.00K | $-612.00K | $-1.49M | $328.00K | $-265.00K | $304.00K |
| Income Before Tax | $-37.08M | $-27.27M | $-28.06M | $-18.52M | $1.07M | $-12.24M | $-27.02M |
| Income Tax Expense | $-201.00K | $-62.00K | $-64.00K | $-53.00K | $-192.00K | $-14.00K | $-35.00K |
| Net Income | $-36.88M | $-27.21M | $-28.00M | $-18.47M | $1.26M | $-12.22M | $-26.98M |
| Net Margin % | -139.4% | -93.3% | -102.1% | -78.6% | 4.5% | -43.1% | -83.4% |
| Basic EPS | nan | -0.64 | -1.34 | -1.09 | 0.60 | -0.94 | -0.33 |
| Diluted EPS | nan | -0.64 | -1.34 | -1.09 | 0.60 | -0.94 | -0.33 |
| Basic Shares Outstanding | 8.3M | 42.4M | 20.9M | 16.9M | 1.0M | 13.0M | 81.9M |
| Diluted Shares Outstanding | 8.3M | 42.4M | 20.9M | 16.9M | 1.0M | 13.0M | 81.9M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $12.67M | $7.06M | $22.57M | $6.62M | $21.11M | $506.00K | $1.46M |
| Accounts Receivable | $3.93M | $5.04M | $5.31M | $4.73M | $4.26M | $4.36M | $4.49M |
| Other Current Assets | $14.32M | $9.91M | $10.84M | $8.62M | $8.51M | $9.31M | $9.93M |
| Total Current Assets | $30.92M | $22.01M | $38.72M | $19.98M | $33.88M | $14.18M | $15.88M |
| Property Plant & Equipment | $45.59M | $43.53M | $42.00M | $39.67M | $42.21M | $44.01M | $47.04M |
| Intangible Assets | $20.07M | $20.80M | $21.54M | $22.28M | $23.12M | $24.00M | $24.89M |
| Other Non-current Assets | $11.69M | $5.78M | $5.80M | $6.11M | $6.12M | $5.12M | $5.33M |
| Total Assets | $131.68M | $106.79M | $128.98M | $105.27M | $124.06M | $97.88M | $105.55M |
| Accounts Payable | $18.44M | $16.40M | $19.47M | $17.84M | $17.98M | $26.79M | $25.98M |
| Deferred Revenue | $17.92M | $15.97M | $17.85M | $16.60M | $17.39M | $14.69M | $17.07M |
| Total Current Liabilities | $133.61M | $88.12M | $97.08M | $92.07M | $89.61M | $133.10M | $186.84M |
| Long-term Debt | $17.10M | $61.14M | $60.70M | $60.34M | $62.43M | $17.71M | $18.35M |
| Other Non-current Liabilities | $3.87M | $18.09M | $19.43M | $20.31M | $24.27M | $21.42M | $22.49M |
| Total Liabilities | $186.54M | $199.34M | $244.47M | $240.91M | $244.06M | $233.49M | $233.64M |
| Common Stock | $7.00K | $5.00K | $4.00K | $2.00K | $2.00K | $1.00K | $8.00K |
| Retained Earnings | $-788.00M | $-751.12M | $-723.91M | $-695.91M | $-677.44M | $-678.71M | $-666.48M |
| Total Stockholders Equity | $-54.86M | $-92.56M | $-115.48M | $-135.64M | $-120.00M | $-135.61M | $-128.09M |
| Total Liabilities & Equity | $131.68M | $106.79M | $128.98M | $105.27M | $124.06M | $97.88M | $105.55M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-36.88M | $-27.21M | $-28.00M | $-18.47M | $1.26M | $-12.22M | $-26.98M |
| Depreciation & Amortization | $2.28M | $2.42M | $4.59M | $2.15M | $2.18M | $6.16M | $2.06M |
| Deferred Income Tax | $-201.00K | $-179.00K | $-117.00K | $-53.00K | $-192.00K | $-95.00K | $-81.00K |
| Change in Receivables | $-1.11M | $778.00K | $1.05M | $472.00K | $-103.00K | $-605.00K | $-478.00K |
| Change in Payables | $78.00K | $2.41M | $2.75M | $1.43M | $-4.04M | $13.57M | $11.98M |
| Operating Cash Flow | $-18.37M | $-45.79M | $-26.45M | $-15.80M | $-23.58M | $-30.74M | $-18.43M |
| Capital Expenditure | $1.72M | $4.22M | $2.48M | $1.27M | $9.09M | $2.67M | $1.42M |
| Investing Cash Flow | $-2.41M | $-3.30M | $-1.02M | $782.00K | $856.00K | $-4.46M | $-2.62M |
| Stock Issued | $20.00M | $31.39M | $31.39M | - | - | - | - |
| Financing Cash Flow | $36.43M | $34.53M | $33.34M | $542.00K | $43.28M | $33.90M | $20.70M |
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 | $29.17M | $28.39M | $80.11M | $91.38M |
| Cost of Revenue | $27.66M | $27.50M | $76.70M | $83.71M |
| Operating Expenses | $45.67M | $37.02M | $131.11M | $159.74M |
| Operating Income | $-16.50M | $-8.64M | $-51.00M | $-68.36M |
| Interest Expense | $3.25M | $2.09M | $10.92M | $5.67M |
| Other Income/Expense | $-105.00K | $-265.00K | $-2.21M | $-316.00K |
| Income Before Tax | $-27.27M | $-12.24M | $-73.86M | $-76.27M |
| Income Tax Expense | $-62.00K | $-14.00K | $-179.00K | $-95.00K |
| Net Income | $-27.21M | $-12.22M | $-73.68M | $-76.17M |
| Basic EPS | -0.64 | -0.94 | -2.74 | -6.40 |
| Diluted EPS | -0.64 | -0.94 | -2.74 | -6.40 |
| Basic Shares Outstanding | $42.43M | $12.97M | $26.85M | $11.91M |
| Diluted Shares Outstanding | $42.43M | $12.97M | $26.85M | $11.91M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $7.06M | $21.11M |
| Accounts Receivable | $5.04M | $4.26M |
| Other Current Assets | $9.91M | $8.51M |
| Total Current Assets | $22.01M | $33.88M |
| Property Plant & Equipment | $43.53M | $42.21M |
| Intangible Assets | $20.80M | $23.12M |
| Other Non-current Assets | $5.78M | $6.12M |
| Total Assets | $106.79M | $124.06M |
| Accounts Payable | $16.40M | $17.98M |
| Deferred Revenue | $15.97M | $17.39M |
| Total Current Liabilities | $88.12M | $89.61M |
| Long-term Debt | $61.14M | $59.88M |
| Other Non-current Liabilities | $18.09M | $24.27M |
| Total Liabilities | $199.34M | $244.06M |
| Common Stock | $5.00K | $2.00K |
| Retained Earnings | $-751.12M | $-677.44M |
| Total Stockholders Equity | $-92.56M | $-120.00M |
| Total Liabilities & Equity | $106.79M | $124.06M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-27.21M | $-12.22M | $-73.68M | $-76.17M |
| Depreciation & Amortization | $2.42M | $2.12M | $7.01M | $6.16M |
| Deferred Income Tax | - | - | $-179.00K | $-95.00K |
| Change in Receivables | - | - | $778.00K | $-605.00K |
| Change in Payables | - | - | $2.41M | $13.57M |
| Operating Cash Flow | - | - | $-45.79M | $-30.74M |
| Capital Expenditure | - | - | $4.22M | $2.67M |
| Investing Cash Flow | - | - | $-3.30M | $-4.46M |
| Stock Issued | - | - | $31.39M | - |
| Financing Cash Flow | - | - | $34.53M | $33.90M |
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.