$202.99M
Revenue
$-14.14M
Net Income
-463.81%
Gross Margin
-2.61%
Op. Margin
$-17.65M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $202.99M | $202.99M | $210.53M | $222.74M | $203.12M | $139.06M |
| Revenue Growth % | 0.0% | -3.6% | -5.5% | 9.7% | 46.1% | nan% |
| Cost of Revenue | $1.14B | $1.14B | $1.23B | $999.97M | $958.67M | $667.10M |
| Gross Profit | $-941.48M | $-941.48M | $-1.02B | $-777.23M | $-755.55M | $-528.03M |
| Gross Margin % | -463.8% | -463.8% | -483.2% | -348.9% | -372.0% | -379.7% |
| Operating Expenses | $208.29M | $208.29M | $224.56M | $234.78M | $231.60M | $180.85M |
| Operating Income | $-5.30M | $-5.31M | $-14.03M | $-12.03M | $-28.48M | $-41.79M |
| Operating Margin % | -2.6% | -2.6% | -6.7% | -5.4% | -14.0% | -30.1% |
| Interest Expense | $17.93M | $17.93M | $21.15M | $19.42M | $14.39M | $13.69M |
| Other Income/Expense | $-2.17M | $-2.18M | $1.53M | $-164.00K | $6.82M | $3.76M |
| Income Before Tax | $-13.79M | $-13.80M | $-35.42M | $-30.59M | $-35.84M | $40.76M |
| Income Tax Expense | $854.00K | $853.00K | $481.00K | $590.00K | $819.00K | $5.94M |
| Net Income | $-14.14M | $-14.14M | $-35.30M | $-30.67M | $-36.18M | $31.92M |
| Net Margin % | -7.0% | -7.0% | -16.8% | -13.8% | -17.8% | 23.0% |
| Basic EPS | nan | -0.62 | -1.58 | -1.38 | -1.64 | 1.46 |
| Diluted EPS | nan | -0.62 | -1.58 | -1.38 | -1.64 | 1.42 |
| Basic Shares Outstanding | 21K | 22.7M | 22.4M | 22.2M | 22.0M | 21.8M |
| Diluted Shares Outstanding | 21K | 22.7M | 22.4M | 23.3M | 23.0M | 22.4M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $10.53M | $12.35M | $12.91M | $29.95M | $83.25M |
| Short-term Investments | $14.00K | $14.00K | - | - | - |
| Accounts Receivable | $4.55M | $5.28M | $7.56M | $6.21M | $5.36M |
| Inventory | $1.66M | $1.69M | $1.65M | $1.62M | $1.41M |
| Other Current Assets | $2.28M | $2.67M | $2.88M | $3.80M | $4.87M |
| Total Current Assets | $21.82M | $57.04M | $38.71M | $47.51M | $100.31M |
| Property Plant & Equipment | $207.97M | $214.69M | $262.42M | $286.95M | $306.66M |
| Goodwill | $24.60M | $23.71M | $25.54M | $25.50M | $26.76M |
| Intangible Assets | $1.58M | $1.80M | $2.04M | $2.39M | $3.26M |
| Other Non-current Assets | $13.42M | $8.80M | $8.96M | $10.28M | $6.46M |
| Total Assets | $434.93M | $471.01M | $533.05M | $587.05M | $687.70M |
| Short-term Debt | $36.00M | - | - | - | - |
| Deferred Revenue | $11.33M | $9.73M | $10.99M | $10.29M | $10.00M |
| Other Current Liabilities | $774.00K | $6.59M | $6.73M | $813.00K | $3.62M |
| Total Current Liabilities | $128.58M | $161.63M | $127.08M | $121.66M | $106.98M |
| Long-term Debt | $185.09M | - | - | - | - |
| Deferred Tax Liabilities | $6.43M | $6.04M | $6.59M | $7.12M | $7.47M |
| Other Non-current Liabilities | $13.13M | $13.66M | $11.71M | $19.32M | $22.91M |
| Total Liabilities | $453.03M | $475.80M | $500.06M | $523.78M | $582.64M |
| Retained Earnings | $-128.93M | $-114.79M | $-79.49M | $-48.82M | $-12.63M |
| Treasury Stock | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M |
| Total Stockholders Equity | $-18.24M | $-4.36M | $33.09M | $62.86M | $104.07M |
| Total Liabilities & Equity | $434.93M | $471.01M | $533.05M | $587.05M | $687.70M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-18.89M | $-14.14M | $-35.30M | $-30.67M | $-36.18M | $31.92M |
| Depreciation & Amortization | $13.20M | $13.20M | $15.78M | $18.42M | $20.92M | $22.75M |
| Stock-based Compensation | $3.64M | $1.91M | $2.36M | $1.86M | $1.89M | $2.15M |
| Deferred Income Tax | - | $-1.58M | $-1.00M | $414.00K | - | - |
| Change in Receivables | $-725.00K | $1.17M | $-2.10M | $1.32M | $-978.00K | $2.82M |
| Operating Cash Flow | $-15.43M | $-1.58M | $-3.83M | $-9.73M | $-26.35M | $-13.50M |
| Capital Expenditure | $2.22M | $1.33M | $5.54M | $4.47M | $9.39M | $15.55M |
| Investing Cash Flow | $92.79M | $37.11M | $3.96M | $-2.70M | $-9.49M | $129.61M |
| Debt Repayment | $87.44M | $36.76M | $15.30M | $9.67M | $15.98M | $88.42M |
| Financing Cash Flow | $-89.62M | $-37.89M | $337.00K | $-6.67M | $-16.56M | $-50.28M |
| Net Change in Cash | $-12.09M | $-2.22M | $-359.00K | $-19.54M | $-53.59M | $61.74M |
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 | $52.17M | - | $152.72M | - |
| Operating Expenses | $52.50M | - | $157.05M | - |
| Operating Income | $-329.00K | - | $-4.33M | - |
| Interest Expense | $4.17M | - | $13.27M | - |
| Other Income/Expense | $462.00K | - | $-2.15M | - |
| Income Before Tax | $-3.99M | - | $-10.99M | - |
| Income Tax Expense | $319.00K | - | $1.07M | - |
| Net Income | $-4.16M | $-13.00M | $-11.58M | - |
| Basic EPS | -0.18 | - | -0.51 | - |
| Diluted EPS | -0.18 | - | -0.51 | - |
| Basic Shares Outstanding | $22.72M | - | $22.63M | - |
| Diluted Shares Outstanding | $22.72M | - | $22.63M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $8.09M | $12.35M |
| Accounts Receivable | $2.78M | $5.28M |
| Inventory | $1.66M | $1.69M |
| Other Current Assets | $3.37M | $2.67M |
| Total Current Assets | $18.81M | $57.04M |
| Property Plant & Equipment | $210.53M | $214.69M |
| Goodwill | $24.58M | $23.71M |
| Intangible Assets | $1.71M | $1.80M |
| Other Non-current Assets | $13.13M | $8.80M |
| Total Assets | $435.19M | $471.01M |
| Deferred Revenue | $8.77M | $9.73M |
| Other Current Liabilities | $6.59M | $6.59M |
| Total Current Liabilities | $111.49M | $161.63M |
| Deferred Tax Liabilities | $6.38M | $6.04M |
| Other Non-current Liabilities | $13.57M | $13.66M |
| Total Liabilities | $448.20M | $475.80M |
| Retained Earnings | $-126.37M | $-114.79M |
| Treasury Stock | $40.41M | $40.41M |
| Total Stockholders Equity | $-12.06M | $-4.36M |
| Total Liabilities & Equity | $435.19M | $471.01M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.16M | $-13.00M | $-11.58M | - |
| Depreciation & Amortization | $3.24M | - | $9.99M | - |
| Stock-based Compensation | - | - | $1.52M | - |
| Change in Receivables | - | - | $-588.00K | - |
| Operating Cash Flow | - | - | $-5.86M | - |
| Capital Expenditure | - | - | $1.18M | - |
| Investing Cash Flow | - | - | $37.32M | - |
| Debt Repayment | - | - | $35.03M | - |
| Financing Cash Flow | - | - | $-36.17M | - |
| Net Change in Cash | - | - | $-4.53M | - |
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.