$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $50.27M | $52.17M | $60.38M | $40.17M | $58.58M | $60.09M | $46.81M |
| Revenue Growth % (YoY) | -14.2% | -13.2% | 29.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $285.36M | $290.37M | $319.44M | $249.30M | $1.09B | $51.48M | $41.88M |
| Gross Profit | $-235.08M | $-238.20M | $-259.07M | $-209.13M | $-1.03B | $8.61M | $4.93M |
| Gross Margin % | -467.6% | -456.6% | -429.1% | -520.6% | -1763.5% | 14.3% | 10.5% |
| Operating Expenses | $51.25M | $52.50M | $57.49M | $47.06M | $60.48M | $60.34M | $51.16M |
| Operating Income | $-976.00K | $-329.00K | $2.89M | $-6.89M | $-1.91M | $-246.00K | $-4.35M |
| Operating Margin % | -1.9% | -0.6% | 4.8% | -17.2% | -3.3% | -0.4% | -9.3% |
| Interest Expense | $4.66M | $4.17M | $4.35M | $4.74M | $5.39M | $5.23M | $5.25M |
| Other Income/Expense | $-33.00K | $462.00K | $-2.27M | $-331.00K | $2.12M | $-715.00K | $-216.00K |
| Income Before Tax | $-2.81M | $-3.99M | $-1.58M | $-5.42M | $-5.77M | $-6.33M | $-9.69M |
| Income Tax Expense | $-218.00K | $319.00K | $1.23M | $-472.00K | $160.00K | $700.00K | $-156.00K |
| Net Income | $-2.56M | $-4.16M | $-2.67M | $-4.75M | $-5.82M | $-6.92M | $-9.34M |
| Net Margin % | -5.1% | -8.0% | -4.4% | -11.8% | -9.9% | -11.5% | -20.0% |
| Basic EPS | nan | -0.18 | -0.12 | -0.21 | -0.26 | -0.31 | -0.42 |
| Diluted EPS | nan | -0.18 | -0.12 | -0.21 | -0.26 | -0.31 | -0.42 |
| Basic Shares Outstanding | 21K | 22.7M | 22.7M | 22.4M | 7K | 22.4M | 22.4M |
| Diluted Shares Outstanding | 21K | 22.7M | 22.7M | 22.4M | -864K | 23.2M | 23.2M |
| 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 | $10.53M | $8.09M | $9.07M | $5.91M | $12.35M | $10.08M | $9.24M |
| Short-term Investments | $14.00K | - | - | - | $14.00K | - | - |
| Accounts Receivable | $4.55M | $2.78M | $3.37M | $1.40M | $5.28M | $5.43M | $7.65M |
| Inventory | $1.66M | $1.66M | $1.52M | $1.44M | $1.69M | $1.71M | $1.35M |
| Other Current Assets | $2.28M | $3.37M | $3.96M | $3.96M | $2.67M | $2.53M | $2.48M |
| Total Current Assets | $21.82M | $18.81M | $21.27M | $33.14M | $57.04M | $59.05M | $58.65M |
| Property Plant & Equipment | $207.97M | $210.53M | $213.34M | $212.36M | $214.69M | $225.06M | $225.47M |
| Goodwill | $24.60M | $24.58M | $24.87M | $23.87M | $23.71M | $25.71M | $25.02M |
| Intangible Assets | $1.58M | $1.71M | $1.74M | $1.77M | $1.80M | $1.84M | $1.90M |
| Other Non-current Assets | $13.42M | $13.13M | $11.70M | $9.50M | $8.80M | $8.94M | $8.72M |
| Total Assets | $434.93M | $435.19M | $438.07M | $440.97M | $471.01M | $495.69M | $494.86M |
| Short-term Debt | $36.00M | - | - | - | - | - | - |
| Deferred Revenue | $11.33M | $8.77M | $9.08M | $8.96M | $9.73M | $9.73M | $10.03M |
| Other Current Liabilities | $774.00K | $6.59M | $6.63M | $6.58M | $6.59M | $6.59M | $6.62M |
| Total Current Liabilities | $128.58M | $111.49M | $130.45M | $141.85M | $161.63M | $139.54M | $148.44M |
| Long-term Debt | $185.09M | - | - | - | - | - | - |
| Deferred Tax Liabilities | $6.43M | $6.38M | $6.62M | $6.14M | $6.04M | $6.77M | $6.42M |
| Other Non-current Liabilities | $13.13M | $13.57M | $13.85M | $13.74M | $13.66M | $12.97M | $11.49M |
| Total Liabilities | $453.03M | $448.20M | $446.50M | $449.65M | $475.80M | $491.08M | $485.32M |
| Retained Earnings | $-128.93M | $-126.37M | $-122.21M | $-119.54M | $-114.79M | $-108.97M | $-102.06M |
| Treasury Stock | $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 |
| Total Liabilities & Equity | $434.93M | $435.19M | $438.07M | $440.97M | $471.01M | $495.69M | $494.86M |
| 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 | $-2.56M | $-4.16M | $-7.42M | $-4.75M | $-5.82M | $-6.92M | $-9.34M |
| Depreciation & Amortization | $3.21M | $3.24M | $3.38M | $3.38M | $3.64M | $3.93M | $4.01M |
| Stock-based Compensation | $393.00K | $1.52M | $1.13M | $600.00K | $619.00K | $1.74M | $1.13M |
| Change in Receivables | $1.75M | $-588.00K | $-2.00K | $-1.89M | $8.00K | $-2.11M | $151.00K |
| Operating Cash Flow | $4.28M | $-5.86M | $-6.15M | $-7.70M | $7.99M | $-11.82M | $-13.16M |
| Capital Expenditure | $158.00K | $1.18M | $635.00K | $253.00K | $967.00K | $4.57M | $2.17M |
| Investing Cash Flow | $-216.00K | $37.32M | $37.81M | $17.88M | $-1.03M | $4.99M | $7.40M |
| Debt Repayment | $1.73M | $35.03M | $33.84M | $16.84M | $1.92M | $13.38M | $11.39M |
| Financing Cash Flow | $-1.71M | $-36.17M | $-34.88M | $-16.85M | $-1.79M | $2.13M | $1.12M |
| Net Change in Cash | $2.31M | $-4.53M | $-3.13M | $-6.74M | $3.60M | $-3.96M | $-4.71M |
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.