$202.99M
Revenue
$-14.14M
Net Income
-463.81%
Gross Margin
-2.61%
Op. Margin
$-17.65M
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 | $50.27M | $52.17M | $60.38M | $40.17M | $58.58M | $60.09M | $46.81M | $45.05M | $45.32M | $66.56M | $65.06M | $45.81M | $47.21M | $51.20M |
| Revenue Growth % (YoY) | -14.2% | -13.2% | 29.0% | -10.8% | 29.3% | -9.7% | -28.0% | -1.6% | -4.0% | 30.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $285.36M | $290.37M | $319.44M | $249.30M | $1.09B | $51.48M | $41.88M | $42.95M | $847.08M | $55.56M | $53.47M | $43.87M | $817.37M | $47.66M |
| Gross Profit | $-235.08M | $-238.20M | $-259.07M | $-209.13M | $-1.03B | $8.61M | $4.93M | $2.10M | $-801.76M | $11.00M | $11.59M | $1.94M | $-770.17M | $3.54M |
| Gross Margin % | -467.6% | -456.6% | -429.1% | -520.6% | -1763.5% | 14.3% | 10.5% | 4.7% | -1769.1% | 16.5% | 17.8% | 4.2% | -1631.5% | 6.9% |
| Operating Expenses | $51.25M | $52.50M | $57.49M | $47.06M | $60.48M | $60.34M | $51.16M | $52.58M | $52.28M | $65.54M | $63.27M | $53.69M | $55.61M | $57.93M |
| Operating Income | $-976.00K | $-329.00K | $2.89M | $-6.89M | $-1.91M | $-246.00K | $-4.35M | $-7.53M | $-6.96M | $1.02M | $1.79M | $-7.88M | $-8.40M | $-6.73M |
| Operating Margin % | -1.9% | -0.6% | 4.8% | -17.2% | -3.3% | -0.4% | -9.3% | -16.7% | -15.4% | 1.5% | 2.7% | -17.2% | -17.8% | -13.1% |
| Interest Expense | $4.66M | $4.17M | $4.35M | $4.74M | $5.39M | $5.23M | $5.25M | $5.29M | $5.36M | $5.07M | $4.87M | $4.12M | $4.15M | $3.69M |
| Other Income/Expense | $-33.00K | $462.00K | $-2.27M | $-331.00K | $2.12M | $-715.00K | $-216.00K | $341.00K | $-520.00K | $267.00K | $-86.00K | $174.00K | $-1.63M | $5.46M |
| Income Before Tax | $-2.81M | $-3.99M | $-1.58M | $-5.42M | $-5.77M | $-6.33M | $-9.69M | $-13.63M | $-12.26M | $-3.57M | $-2.96M | $-11.80M | $-14.14M | $-4.97M |
| Income Tax Expense | $-218.00K | $319.00K | $1.23M | $-472.00K | $160.00K | $700.00K | $-156.00K | $-223.00K | $277.00K | $896.00K | $-103.00K | $-480.00K | $-673.00K | $332.00K |
| Net Income | $-2.56M | $-4.16M | $-2.67M | $-4.75M | $-5.82M | $-6.92M | $-9.34M | $-13.23M | $-12.38M | $-4.40M | $-2.78M | $-11.11M | $-13.22M | $-5.18M |
| Net Margin % | -5.1% | -8.0% | -4.4% | -11.8% | -9.9% | -11.5% | -20.0% | -29.4% | -27.3% | -6.6% | -4.3% | -24.3% | -28.0% | -10.1% |
| Basic EPS | nan | -0.18 | -0.12 | -0.21 | -0.26 | -0.31 | -0.42 | -0.59 | -0.56 | -0.20 | -0.12 | -0.50 | -0.60 | -0.23 |
| Diluted EPS | nan | -0.18 | -0.12 | -0.21 | -0.26 | -0.31 | -0.42 | -0.59 | -0.56 | -0.20 | -0.12 | -0.50 | -0.60 | -0.23 |
| Basic Shares Outstanding | 21K | 22.7M | 22.7M | 22.4M | 7K | 22.4M | 22.4M | 22.3M | 14K | 22.3M | 22.3M | 22.1M | 9K | 22.0M |
| Diluted Shares Outstanding | 21K | 22.7M | 22.7M | 22.4M | -864K | 23.2M | 23.2M | 22.3M | 1.1M | 22.3M | 23.5M | 22.9M | 944K | 22.0M |
| 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 | $10.53M | $8.09M | $9.07M | $5.91M | $12.35M | $10.08M | $9.24M | $7.50M | $12.91M | $11.93M | $15.51M | $14.63M | $29.95M | $39.63M |
| Short-term Investments | $14.00K | - | - | - | $14.00K | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | $4.55M | $2.78M | $3.37M | $1.40M | $5.28M | $5.43M | $7.65M | $7.10M | $7.56M | $5.78M | $5.45M | $4.86M | $6.21M | $4.60M |
| Inventory | $1.66M | $1.66M | $1.52M | $1.44M | $1.69M | $1.71M | $1.35M | $1.32M | $1.65M | $1.49M | $1.52M | $1.42M | $1.62M | $1.35M |
| Other Current Assets | $2.28M | $3.37M | $3.96M | $3.96M | $2.67M | $2.53M | $2.48M | $3.07M | $2.88M | $4.24M | $5.72M | $5.91M | $3.80M | $5.57M |
| Total Current Assets | $21.82M | $18.81M | $21.27M | $33.14M | $57.04M | $59.05M | $58.65M | $20.28M | $38.71M | $41.53M | $46.26M | $32.85M | $47.51M | $58.69M |
| Property Plant & Equipment | $207.97M | $210.53M | $213.34M | $212.36M | $214.69M | $225.06M | $225.47M | $253.81M | $262.42M | $261.61M | $267.56M | $281.89M | $286.95M | $281.91M |
| Goodwill | $24.60M | $24.58M | $24.87M | $23.87M | $23.71M | $25.71M | $25.02M | $24.67M | $25.54M | $24.60M | $25.05M | $25.27M | $25.50M | $24.13M |
| Intangible Assets | $1.58M | $1.71M | $1.74M | $1.77M | $1.80M | $1.84M | $1.90M | $1.94M | $2.04M | $2.11M | $2.20M | $2.29M | $2.39M | $2.55M |
| Other Non-current Assets | $13.42M | $13.13M | $11.70M | $9.50M | $8.80M | $8.94M | $8.72M | $8.95M | $8.96M | $8.72M | $8.68M | $10.42M | $10.28M | $7.50M |
| Total Assets | $434.93M | $435.19M | $438.07M | $440.97M | $471.01M | $495.69M | $494.86M | $494.86M | $533.05M | $532.60M | $552.24M | $560.20M | $587.05M | $589.72M |
| Short-term Debt | $36.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $11.33M | $8.77M | $9.08M | $8.96M | $9.73M | $9.73M | $10.03M | $9.89M | $10.99M | $8.62M | $8.77M | $9.09M | $10.29M | $7.96M |
| Other Current Liabilities | $774.00K | $6.59M | $6.63M | $6.58M | $6.59M | $6.59M | $6.62M | $6.57M | $6.73M | $6.67M | $839.00K | $824.00K | $813.00K | $6.72M |
| Total Current Liabilities | $128.58M | $111.49M | $130.45M | $141.85M | $161.63M | $139.54M | $148.44M | $134.85M | $127.08M | $127.19M | $128.20M | $127.05M | $121.66M | $138.91M |
| Long-term Debt | $185.09M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $6.43M | $6.38M | $6.62M | $6.14M | $6.04M | $6.77M | $6.42M | $6.23M | $6.59M | $5.84M | $5.78M | $6.80M | $7.12M | $6.29M |
| Other Non-current Liabilities | $13.13M | $13.57M | $13.85M | $13.74M | $13.66M | $12.97M | $11.49M | $11.57M | $11.71M | $11.83M | $18.63M | $19.12M | $19.32M | $15.20M |
| Total Liabilities | $453.03M | $448.20M | $446.50M | $449.65M | $475.80M | $491.08M | $485.32M | $477.13M | $500.06M | $490.54M | $504.68M | $509.23M | $523.78M | $520.48M |
| Retained Earnings | $-128.93M | $-126.37M | $-122.21M | $-119.54M | $-114.79M | $-108.97M | $-102.06M | $-92.72M | $-79.49M | $-67.10M | $-62.70M | $-59.93M | $-48.82M | $-35.60M |
| Treasury Stock | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M | $40.41M |
| Total Stockholders Equity | $-18.24M | $-12.06M | $-7.68M | $-8.06M | $-4.36M | $5.17M | $9.99M | $18.00M | $33.09M | $42.00M | $47.44M | $50.76M | $62.86M | $68.54M |
| Total Liabilities & Equity | $434.93M | $435.19M | $438.07M | $440.97M | $471.01M | $495.69M | $494.86M | $494.86M | $533.05M | $532.60M | $552.24M | $560.20M | $587.05M | $589.72M |
| 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 | $-2.56M | $-4.16M | $-7.42M | $-4.75M | $-5.82M | $-6.92M | $-9.34M | $-13.23M | $-12.38M | $-18.29M | $-13.89M | $-11.11M | $-13.22M | $-22.97M |
| Depreciation & Amortization | $3.21M | $3.24M | $3.38M | $3.38M | $3.64M | $3.93M | $4.01M | $4.21M | $4.51M | $4.58M | $4.69M | $4.64M | $5.14M | $15.78M |
| Stock-based Compensation | $393.00K | $1.52M | $1.13M | $600.00K | $619.00K | $1.74M | $1.13M | $678.00K | $499.00K | $1.36M | $751.00K | $443.00K | $509.00K | $1.38M |
| Change in Receivables | $1.75M | $-588.00K | $-2.00K | $-1.89M | $8.00K | $-2.11M | $151.00K | $-335.00K | $1.65M | $-325.00K | $-719.00K | $-1.33M | $1.56M | $-2.54M |
| Operating Cash Flow | $4.28M | $-5.86M | $-6.15M | $-7.70M | $7.99M | $-11.82M | $-13.16M | $-2.77M | $-3.37M | $-6.37M | $-8.81M | $-11.55M | $-237.00K | $-26.11M |
| Capital Expenditure | $158.00K | $1.18M | $635.00K | $253.00K | $967.00K | $4.57M | $2.17M | $1.93M | $-1.72M | $6.19M | $3.43M | $1.53M | $3.00M | $6.39M |
| Investing Cash Flow | $-216.00K | $37.32M | $37.81M | $17.88M | $-1.03M | $4.99M | $7.40M | $7.64M | $3.49M | $-6.19M | $-3.43M | $-1.53M | $-3.07M | $-6.42M |
| Debt Repayment | $1.73M | $35.03M | $33.84M | $16.84M | $1.92M | $13.38M | $11.39M | $11.12M | $2.81M | $6.86M | $3.26M | $1.12M | $8.45M | $7.54M |
| Financing Cash Flow | $-1.71M | $-36.17M | $-34.88M | $-16.85M | $-1.79M | $2.13M | $1.12M | $-11.22M | $-2.78M | $-3.89M | $-712.00K | $-1.41M | $-8.61M | $-7.95M |
| Net Change in Cash | $2.31M | $-4.53M | $-3.13M | $-6.74M | $3.60M | $-3.96M | $-4.71M | $-7.11M | $-2.20M | $-17.34M | $-13.14M | $-14.60M | $-10.87M | $-42.72M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.