$19.53M
Revenue
$-5.23M
Net Income
85.57%
Gross Margin
-30.50%
Op. Margin
$-5.27M
Free Cash Flow
| Breakdown | 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.87M | $5.41M | $4.22M | $5.03M | $4.95M | $4.74M | $4.07M | $5.87M | $5.78M | $6.49M | $6.36M | $7.58M | $7.52M |
| Revenue Growth % (YoY) | -1.6% | 14.1% | 3.5% | -14.3% | -14.3% | -27.0% | -35.9% | -22.6% | -23.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $685.00K | $738.00K | $583.00K | $812.00K | $841.00K | $418.00K | $552.00K | $1.52M | $1.65M | $1.85M | $1.98M | $2.08M | $2.21M |
| Gross Profit | $4.19M | $4.67M | $3.63M | $4.22M | $4.11M | $4.32M | $3.52M | $4.35M | $4.13M | $4.64M | $4.37M | $5.49M | $5.31M |
| Gross Margin % | 85.9% | 86.4% | 86.2% | 83.9% | 83.0% | 91.2% | 86.4% | 74.2% | 71.5% | 71.4% | 68.8% | 72.5% | 70.6% |
| Operating Expenses | $5.32M | $5.54M | $5.65M | $6.17M | $5.55M | $5.04M | $4.74M | $6.27M | $8.05M | $7.97M | $8.33M | $8.61M | $8.83M |
| Research & Development | $1.48M | $1.41M | $1.93M | $1.76M | $1.51M | $1.25M | $1.15M | $1.26M | $2.28M | $1.81M | $2.14M | $2.37M | $2.27M |
| Operating Income | $-1.13M | $-865.00K | $-2.02M | $-1.95M | $-1.44M | $-717.00K | $-1.22M | $-1.92M | $-3.92M | $-3.33M | $-3.96M | $-3.11M | $-3.52M |
| Operating Margin % | -23.2% | -16.0% | -47.8% | -38.7% | -29.1% | -15.1% | -29.9% | -32.8% | -67.9% | -51.3% | -62.3% | -41.1% | -46.8% |
| Interest Expense | - | $12.00K | - | - | - | $14.00K | - | - | - | $3.00K | $7.00K | - | $9.00K |
| Interest Income | $172.00K | $192.00K | $210.00K | $206.00K | $203.00K | $201.00K | $195.00K | $182.00K | $150.00K | $124.00K | $71.00K | $14.00K | - |
| Other Income/Expense | $124.00K | $-90.00K | $10.00K | $11.00K | $20.00K | $-6.00K | $-9.00K | $-5.00K | $2.00K | - | $-2.00K | $-18.00K | $-13.00K |
| Income Before Tax | $-833.00K | $-775.00K | $-1.79M | $-1.73M | $-1.22M | $-536.00K | $-1.03M | $-1.75M | $-3.77M | $-3.21M | $-3.90M | $-3.12M | $-3.54M |
| Income Tax Expense | - | $79.00K | $6.00K | $8.00K | $4.00K | $7.00K | $4.00K | $4.00K | $5.00K | $-116.00K | - | - | - |
| Net Income | $-833.00K | $-854.00K | $-1.80M | $-1.74M | $-1.22M | $2.06M | $-1.37M | $-1.75M | $-3.78M | $-3.10M | $-3.90M | $-3.12M | $-3.54M |
| Net Margin % | -17.1% | -15.8% | -42.7% | -34.6% | -24.7% | 43.4% | -33.7% | -29.8% | -65.4% | -47.7% | -61.3% | -41.2% | -47.1% |
| Basic EPS | -0.03 | -0.03 | -0.07 | -0.07 | -0.05 | 0.08 | -0.05 | -0.07 | -0.15 | -0.12 | -0.15 | -0.12 | -0.14 |
| Diluted EPS | nan | nan | nan | nan | nan | nan | nan | nan | nan | -0.12 | -0.15 | -0.12 | -0.14 |
| Basic Shares Outstanding | 26.7M | -370 | 26.4M | 26K | 26.4M | 239K | 25.6M | 25.3M | 25K | 19K | 25.2M | 25.2M | 25.2M |
| Diluted Shares Outstanding | - | - | - | - | - | - | - | - | - | 19K | 25.2M | 25.2M | 25.2M |
| Breakdown | 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $20.03M | $17.21M | $18.79M | $20.35M | $20.28M | $21.67M | $19.05M | $19.04M | $19.66M | $21.31M | $24.59M | $27.18M | $29.80M |
| Accounts Receivable | $6.63M | $7.21M | $5.42M | $5.38M | $6.51M | $6.39M | $4.87M | $5.75M | $7.38M | $8.90M | $8.47M | $10.17M | $10.31M |
| Inventory | $694.00K | $756.00K | $689.00K | $702.00K | $750.00K | $917.00K | $992.00K | $4.25M | $4.87M | $5.39M | $5.63M | $5.00M | $4.74M |
| Other Current Assets | $769.00K | $1.26M | $1.21M | $1.38M | $1.50M | $699.00K | $1.60M | $2.30M | $2.29M | $2.64M | $3.79M | $2.95M | $3.09M |
| Total Current Assets | $28.12M | $26.43M | $26.11M | $27.82M | $29.04M | $29.68M | $32.34M | $31.34M | $34.20M | $38.24M | $42.48M | $45.30M | $47.93M |
| Property Plant & Equipment | $1.81M | $1.72M | $1.67M | $1.78M | $1.94M | $1.82M | $1.28M | $1.47M | $1.15M | $1.07M | $986.00K | $968.00K | $947.00K |
| Goodwill | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M | $8.36M |
| Intangible Assets | $90.00K | $101.00K | $111.00K | $121.00K | $136.00K | $148.00K | $177.00K | $388.00K | $436.00K | $482.00K | $535.00K | $587.00K | $640.00K |
| Other Non-current Assets | - | - | - | - | - | - | - | - | - | $12.39M | - | - | - |
| Total Assets | $39.47M | $37.54M | $37.11M | $38.94M | $40.40M | $41.42M | $45.83M | $44.83M | $47.52M | $51.70M | $55.37M | $58.38M | $58.84M |
| Accounts Payable | $1.14M | $1.11M | $422.00K | $501.00K | $635.00K | $712.00K | $1.10M | $857.00K | $1.89M | $1.97M | $2.42M | $2.20M | $2.68M |
| Accrued Liabilities | $2.37M | $2.36M | $2.38M | $2.52M | $1.75M | $2.45M | $2.38M | $4.36M | $4.21M | $4.68M | $5.54M | $5.27M | $5.13M |
| Deferred Revenue | $3.95M | $3.86M | $3.48M | $3.32M | $3.55M | $3.40M | $3.34M | $6.03M | $6.21M | $6.22M | $6.13M | $6.17M | $5.76M |
| Total Current Liabilities | $7.69M | $7.56M | $6.50M | $6.56M | $6.16M | $6.75M | $11.41M | $11.89M | $12.88M | $13.45M | $14.60M | $14.21M | $14.46M |
| Deferred Tax Liabilities | - | - | - | - | - | - | $6.00K | $6.00K | $6.00K | - | - | - | - |
| Other Non-current Liabilities | $17.00K | $17.00K | $17.00K | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $8.68M | $8.86M | $7.73M | $7.98M | $7.93M | $8.00M | $14.79M | $14.66M | $15.81M | $16.80M | $17.72M | $17.39M | $15.09M |
| Common Stock | $273.00K | $265.00K | $265.00K | $265.00K | $265.00K | $265.00K | $264.00K | $254.00K | $254.00K | $254.00K | $254.00K | $254.00K | $253.00K |
| Retained Earnings | $-278.13M | $-277.30M | $-276.44M | $-274.64M | $-272.90M | $-271.68M | $-273.74M | $-272.36M | $-270.61M | $-266.84M | $-263.74M | $-259.84M | $-256.73M |
| Treasury Stock | - | - | - | - | - | - | - | - | - | $1.42M | $1.42M | $1.42M | $1.42M |
| Total Stockholders Equity | $30.79M | $28.68M | $29.37M | $30.96M | $32.46M | $33.42M | $31.04M | $30.17M | $31.71M | $34.90M | $37.66M | $40.99M | $43.75M |
| Total Liabilities & Equity | $39.47M | $37.54M | $37.11M | $38.94M | $40.40M | $41.42M | $45.83M | $44.83M | $47.52M | $51.70M | $55.37M | $58.38M | $58.84M |
| Breakdown | 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-833.00K | $-854.00K | $-1.80M | $-2.96M | $-1.22M | $2.06M | $-6.90M | $-1.75M | $-3.78M | $-3.10M | $-10.56M | $-6.66M | $-3.54M |
| Depreciation & Amortization | $56.00K | $60.00K | $56.00K | $64.00K | $63.00K | $63.00K | $56.00K | $120.00K | $55.00K | $44.00K | $56.00K | $124.00K | $63.00K |
| Stock-based Compensation | $602.00K | $165.00K | $718.00K | $504.00K | $265.00K | $202.00K | $1.11M | $800.00K | $586.00K | $317.00K | $1.37M | $964.00K | $655.00K |
| Change in Receivables | $-580.00K | $1.73M | $-956.00K | $-988.00K | $144.00K | $1.48M | $-1.90M | $-3.09M | $-1.52M | $648.00K | $91.00K | $1.79M | $1.72M |
| Change in Inventory | $-62.00K | $67.00K | $-228.00K | $-215.00K | $-167.00K | $-17.00K | $-1.47M | $-1.14M | $-523.00K | $-241.00K | $1.46M | $830.00K | $565.00K |
| Change in Payables | $25.00K | $689.00K | $-290.00K | $-211.00K | $-77.00K | $-302.00K | $-509.00K | $-1.12M | $-120.00K | $-455.00K | $-351.00K | $-581.00K | $-98.00K |
| Operating Cash Flow | $60.00K | $-1.33M | $-2.61M | $-1.11M | $-1.18M | $-1.45M | $-3.51M | $-1.93M | $-1.53M | $-3.13M | $-9.66M | $-7.01M | $-4.45M |
| Capital Expenditure | $2.00K | $5.00K | $163.00K | $106.00K | $106.00K | $435.00K | $487.00K | $307.00K | $122.00K | $169.00K | $355.00K | $255.00K | $151.00K |
| Investing Cash Flow | $431.00K | $-256.00K | $-263.00K | $-206.00K | $-206.00K | $3.95M | $-675.00K | $-343.00K | $-122.00K | $-169.00K | $-365.00K | $-265.00K | $-161.00K |
| Stock Issued | $2.33M | - | - | - | - | $125.00K | $1.84M | - | - | - | - | - | - |
| Financing Cash Flow | $2.33M | - | - | - | - | $125.00K | $1.92M | - | - | $22.00K | $333.00K | $172.00K | $126.00K |
| Net Change in Cash | $2.83M | $-1.59M | $-2.88M | $-1.32M | $-1.39M | $2.62M | $-2.27M | $-2.28M | $-1.65M | $-3.28M | $-9.69M | $-7.10M | $-4.48M |
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing
Period ended: Mar 31, 2025
Condensed Consolidated Statements of Operations
| Description | Mar 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $4.87M | $4.95M |
| Cost of Revenue | $685.00K | $841.00K |
| Gross Profit | $4.19M | $4.11M |
| Operating Expenses | $5.32M | $5.55M |
| Research & Development | $1.48M | $1.51M |
| Operating Income | $-1.13M | $-1.44M |
| Interest Income | $172.00K | $203.00K |
| Other Income/Expense | $124.00K | $20.00K |
| Income Before Tax | $-833.00K | $-1.22M |
| Income Tax Expense | - | $4.00K |
| Net Income | $-833.00K | $-1.22M |
| Basic EPS | -0.03 | -0.05 |
| Basic Shares Outstanding | $26.71M | $26.35M |
Condensed Consolidated Balance Sheets
| Description | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $20.03M | $17.21M |
| Accounts Receivable | $6.63M | $7.21M |
| Inventory | $694.00K | $756.00K |
| Other Current Assets | $769.00K | $1.26M |
| Total Current Assets | $28.12M | $26.43M |
| Property Plant & Equipment | $1.81M | $1.72M |
| Goodwill | $8.36M | $8.36M |
| Intangible Assets | $90.00K | $101.00K |
| Total Assets | $39.47M | $37.54M |
| Accounts Payable | $1.14M | $1.11M |
| Accrued Liabilities | $2.37M | $2.36M |
| Deferred Revenue | $3.95M | $3.86M |
| Total Current Liabilities | $7.69M | $7.56M |
| Other Non-current Liabilities | $17.00K | $17.00K |
| Total Liabilities | $8.68M | $8.86M |
| Common Stock | $273.00K | $265.00K |
| Retained Earnings | $-278.13M | $-277.30M |
| Total Stockholders Equity | $30.79M | $28.68M |
| Total Liabilities & Equity | $39.47M | $37.54M |
Condensed Consolidated Statements of Cash Flows
| Description | Mar 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-833.00K | $-1.22M |
| Depreciation & Amortization | $56.00K | $63.00K |
| Stock-based Compensation | $602.00K | $265.00K |
| Change in Receivables | $-580.00K | $144.00K |
| Change in Inventory | $-62.00K | $-167.00K |
| Change in Payables | $25.00K | $-77.00K |
| Operating Cash Flow | $60.00K | $-1.18M |
| Capital Expenditure | $2.00K | $106.00K |
| Investing Cash Flow | $431.00K | $-206.00K |
| Stock Issued | $2.33M | - |
| Financing Cash Flow | $2.33M | - |
| Net Change in Cash | $2.83M | $-1.39M |
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.