$107.60M
Revenue
$15.29M
Net Income
27.70%
Gross Margin
11.61%
Op. Margin
$38.04M
Free Cash Flow
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $23.58M | $18.83M | $26.99M | $38.20M | $31.42M | $20.92M | $25.55M | $40.68M | $26.02M | $20.87M | $27.88M | $30.50M | $25.82M |
| Revenue Growth % (YoY) | -25.0% | -10.0% | 5.6% | -6.1% | 20.7% | 0.2% | -8.3% | 33.4% | 0.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $16.82M | $14.28M | $19.84M | $26.85M | $22.75M | $15.56M | $19.44M | $28.35M | $18.48M | $14.26M | $20.36M | $21.40M | $20.01M |
| Gross Profit | $6.75M | $4.55M | $7.14M | $11.35M | $8.67M | $5.36M | $6.11M | $12.32M | $7.53M | $6.61M | $7.51M | $9.10M | $5.82M |
| Gross Margin % | 28.7% | 24.2% | 26.5% | 29.7% | 27.6% | 25.6% | 23.9% | 30.3% | 29.0% | 31.7% | 26.9% | 29.8% | 22.5% |
| Operating Expenses | $3.65M | $4.77M | $4.01M | $4.87M | $4.04M | $4.12M | $4.11M | $5.25M | $4.15M | $3.92M | $4.06M | $3.94M | $3.70M |
| Research & Development | $758.00K | $659.00K | $741.00K | $681.00K | $677.00K | $795.00K | $824.00K | $893.00K | $801.00K | $842.00K | $845.00K | $874.00K | $897.00K |
| Selling General & Admin | $2.90M | $4.11M | $3.27M | $4.19M | $3.37M | $3.33M | $3.29M | $4.36M | $3.35M | $3.08M | $3.21M | $3.06M | $2.80M |
| Operating Income | $3.10M | $-223.00K | $3.14M | $6.48M | $4.62M | $1.24M | $1.99M | $7.07M | $3.38M | $2.69M | $3.45M | $5.16M | $2.12M |
| Operating Margin % | 13.2% | -1.2% | 11.6% | 17.0% | 14.7% | 5.9% | 7.8% | 17.4% | 13.0% | 12.9% | 12.4% | 16.9% | 8.2% |
| Other Income/Expense | $1.55M | $-4.32M | $2.04M | $1.76M | $534.00K | $-4.58M | $1.33M | $1.01M | $2.23M | $-4.43M | - | - | $2.46M |
| Income Before Tax | $4.65M | $1.63M | $5.17M | $8.24M | $5.16M | $3.71M | $3.32M | $8.08M | $5.62M | $3.61M | $4.17M | $6.42M | $4.57M |
| Income Tax Expense | $1.21M | $-289.00K | $1.34M | $2.14M | $1.34M | $2.26M | $764.00K | $1.86M | $1.29M | $507.00K | $960.00K | $1.54M | $1.10M |
| Net Income | $3.44M | $1.92M | $3.83M | $6.09M | $3.82M | $1.45M | $2.56M | $6.22M | $4.33M | $3.10M | $3.21M | $4.87M | $3.48M |
| Net Margin % | 14.6% | 10.2% | 14.2% | 16.0% | 12.1% | 6.9% | 10.0% | 15.3% | 16.6% | 14.9% | 11.5% | 16.0% | 13.5% |
| Basic EPS | 0.23 | 0.13 | 0.26 | 0.42 | 0.26 | 0.10 | 0.17 | 0.42 | 0.30 | 0.21 | 0.22 | 0.33 | 0.24 |
| Diluted EPS | 0.23 | 0.13 | 0.26 | 0.42 | 0.26 | 0.10 | 0.17 | 0.42 | 0.30 | 0.21 | 0.22 | 0.33 | 0.24 |
| Basic Shares Outstanding | 14.7M | - | - | - | - | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 14.7M | - | - | - | - | - | - | - | - | - | - | - | - |
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $36.73M | $26.59M | $27.87M | $52.27M | $39.97M | $25.48M | $28.78M | $30.21M | $18.56M | $17.03M | $6.21M | $18.46M | $5.98M |
| Short-term Investments | $111.00M | $109.71M | $108.10M | $91.41M | $90.13M | $89.93M | $87.81M | $86.89M | $86.23M | $84.25M | $88.41M | $87.85M | $91.72M |
| Accounts Receivable | $3.50M | $3.13M | $3.16M | $5.16M | $3.60M | $1.98M | $2.92M | $5.76M | $4.03M | $2.47M | $3.48M | $7.18M | $4.66M |
| Inventory | $53.25M | $53.50M | $52.87M | $55.09M | $59.67M | $63.76M | $63.23M | $63.73M | $72.21M | $71.53M | $66.79M | $63.80M | $59.31M |
| Other Current Assets | $2.92M | $1.40M | $1.11M | - | - | $2.35M | - | - | - | - | - | - | - |
| Total Current Assets | $212.49M | $206.54M | $205.33M | $209.14M | $203.12M | $192.84M | $185.97M | $190.28M | $189.57M | $178.95M | $174.79M | $179.91M | $169.25M |
| Property Plant & Equipment | $11.51M | $11.08M | $10.64M | $10.73M | $11.17M | $11.47M | $12.04M | $12.30M | $12.95M | $13.25M | $12.97M | $13.11M | $13.33M |
| Other Non-current Assets | $301.00K | $392.00K | $485.00K | $575.00K | $294.00K | $383.00K | $473.00K | $562.00K | $288.00K | $381.00K | $488.00K | $594.00K | $346.00K |
| Total Assets | $228.91M | $222.60M | $220.16M | $223.93M | $218.15M | $208.12M | $201.75M | $206.04M | $205.66M | $195.75M | $190.12M | $195.50M | $185.34M |
| Accounts Payable | $1.99M | $1.84M | $2.54M | $3.55M | $3.72M | $2.00M | $2.35M | $2.94M | $3.71M | $3.27M | $3.40M | $4.51M | $4.38M |
| Accrued Liabilities | $3.29M | $2.74M | $2.94M | $3.68M | $3.14M | $3.25M | $1.74M | $2.51M | $3.10M | $3.75M | $1.98M | $2.16M | $1.88M |
| Deferred Revenue | - | - | - | $2.80M | $2.16M | $5.02M | $2.56M | $7.95M | $12.70M | $6.82M | $5.83M | $12.32M | $8.39M |
| Total Current Liabilities | $11.55M | $8.81M | $8.28M | $15.94M | $16.66M | $10.60M | $7.00M | $13.76M | $19.75M | $14.16M | $11.59M | $20.08M | $14.94M |
| Total Liabilities | $13.67M | $10.79M | $10.28M | $17.87M | $18.19M | $11.98M | $7.07M | $13.91M | $19.75M | $14.16M | $11.65M | $20.23M | $14.94M |
| Retained Earnings | $201.19M | $197.75M | $195.82M | $192.00M | $185.90M | $182.09M | $180.63M | $178.07M | $171.85M | $167.53M | $164.42M | $161.21M | $156.34M |
| Total Stockholders Equity | $215.24M | $211.80M | $209.88M | $206.05M | $199.96M | $196.14M | $194.69M | $192.13M | $185.91M | $181.58M | $178.48M | $175.27M | $170.39M |
| Total Liabilities & Equity | $228.91M | $222.60M | $220.16M | $223.93M | $218.15M | $208.12M | $201.75M | $206.04M | $205.66M | $195.75M | $190.12M | $195.50M | $185.34M |
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $3.44M | $1.92M | $13.74M | $6.09M | $3.82M | $1.45M | $13.11M | $6.22M | $4.33M | $3.10M | $3.21M | $4.87M | $3.48M |
| Depreciation & Amortization | $542.00K | $574.00K | $1.78M | $1.21M | $622.00K | $631.00K | $1.97M | $1.33M | $665.00K | $743.00K | $2.09M | $1.39M | $705.00K |
| Change in Receivables | $463.00K | $23.00K | $1.18M | $3.17M | $1.62M | $-943.00K | $456.00K | $3.29M | $1.56M | $-1.01M | $771.00K | $4.30M | $1.74M |
| Change in Inventory | $-254.00K | $631.00K | $-10.89M | $-8.67M | $-4.09M | $530.00K | $-8.29M | $-7.79M | $682.00K | $4.74M | $10.98M | $7.99M | $3.50M |
| Change in Payables | $149.00K | $-697.00K | $538.00K | $1.55M | $1.72M | $-345.00K | $-923.00K | $-325.00K | $440.00K | $-131.00K | $-851.00K | $256.00K | $134.00K |
| Operating Cash Flow | $11.12M | $-275.00K | $3.34M | $27.25M | $14.81M | $-3.22M | $12.51M | $13.56M | $1.89M | $11.85M | $-1.65M | $10.05M | $-2.90M |
| Capital Expenditure | $973.00K | $1.01M | $951.00K | $460.00K | $319.00K | $77.00K | $763.00K | $378.00K | $366.00K | $1.02M | $1.73M | $1.17M | $705.00K |
| Purchases of Investments | - | - | - | - | - | - | $45.95M | $36.66M | $13.10M | $53.47M | $118.87M | $89.26M | $42.08M |
| Investing Cash Flow | $-973.00K | $-1.01M | $-951.00K | $-460.00K | $-319.00K | $-77.00K | $-763.00K | $-378.00K | $-366.00K | $-1.02M | $-1.73M | $-1.17M | $-705.00K |
| Net Change in Cash | $10.14M | $-1.29M | $2.39M | $26.79M | $14.49M | $-3.30M | $11.75M | $13.18M | $1.53M | $10.82M | $-3.38M | $8.88M | $-3.60M |
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $23.58M | $31.42M |
| Cost of Revenue | $16.82M | $22.75M |
| Gross Profit | $6.75M | $8.67M |
| Operating Expenses | $3.65M | $4.04M |
| Research & Development | $758.00K | $677.00K |
| Selling General & Admin | $2.90M | $3.37M |
| Operating Income | $3.10M | $4.62M |
| Other Income/Expense | $1.55M | $534.00K |
| Income Before Tax | $4.65M | $5.16M |
| Income Tax Expense | $1.21M | $1.34M |
| Net Income | $3.44M | $3.82M |
| Basic EPS | 0.23 | 0.26 |
| Diluted EPS | 0.23 | 0.26 |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $36.73M | $26.59M |
| Short-term Investments | $111.00M | $109.71M |
| Accounts Receivable | $3.50M | $3.13M |
| Inventory | $53.25M | $53.50M |
| Other Current Assets | $2.92M | $1.40M |
| Total Current Assets | $212.49M | $206.54M |
| Property Plant & Equipment | $11.51M | $11.08M |
| Other Non-current Assets | $301.00K | $392.00K |
| Total Assets | $228.91M | $222.60M |
| Accounts Payable | $1.99M | $1.84M |
| Accrued Liabilities | $3.29M | $2.74M |
| Total Current Liabilities | $11.55M | $8.81M |
| Total Liabilities | $13.67M | $10.79M |
| Retained Earnings | $201.19M | $197.75M |
| Total Stockholders Equity | $215.24M | $211.80M |
| Total Liabilities & Equity | $228.91M | $222.60M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $3.44M | $3.82M |
| Depreciation & Amortization | $542.00K | $622.00K |
| Change in Receivables | $463.00K | $1.62M |
| Change in Inventory | $-254.00K | $-4.09M |
| Change in Payables | $149.00K | $1.72M |
| Operating Cash Flow | $11.12M | $14.81M |
| Capital Expenditure | $973.00K | $319.00K |
| Investing Cash Flow | $-973.00K | $-319.00K |
| Net Change in Cash | $10.14M | $14.49M |
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.