$225.21M
Revenue
$-15.70M
Net Income
74.31%
Gross Margin
-3.49%
Op. Margin
$-22.80M
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 | $59.90M | $60.08M | $56.66M | $48.56M | $49.41M | $48.64M | $47.91M | $41.38M | $42.92M | $41.27M | $38.16M | $36.66M | $36.16M | $36.96M |
| Revenue Growth % (YoY) | 21.3% | 23.5% | 18.3% | 17.4% | 15.1% | 17.9% | 25.6% | 12.9% | 18.7% | 11.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $15.49M | $14.09M | $14.64M | $13.63M | $11.83M | $12.21M | $12.57M | $8.76M | $9.16M | $8.04M | $7.23M | $6.71M | $6.14M | $6.18M |
| Gross Profit | $44.41M | $45.99M | $42.02M | $34.93M | $37.58M | $36.44M | $35.34M | $32.62M | $33.76M | $33.23M | $30.93M | $29.95M | $30.02M | $30.78M |
| Gross Margin % | 74.1% | 76.6% | 74.2% | 71.9% | 76.1% | 74.9% | 73.8% | 78.8% | 78.7% | 80.5% | 81.1% | 81.7% | 83.0% | 83.3% |
| Operating Expenses | $54.18M | $44.08M | $40.35M | $36.59M | $35.56M | $36.75M | $35.77M | $37.18M | $36.96M | $37.25M | $37.83M | $37.30M | $35.63M | $35.64M |
| Research & Development | $12.38M | $7.57M | $6.85M | $6.09M | $6.70M | $7.00M | $6.66M | $7.41M | $7.30M | $6.99M | $7.36M | $6.68M | $6.81M | $7.05M |
| Operating Income | $-9.77M | $1.91M | $1.67M | $-1.66M | $2.02M | $-316.00K | $-428.00K | $-4.56M | $-3.19M | $-4.03M | $-6.90M | $-7.34M | $-5.61M | $-4.86M |
| Operating Margin % | -16.3% | 3.2% | 3.0% | -3.4% | 4.1% | -0.6% | -0.9% | -11.0% | -7.4% | -9.8% | -18.1% | -20.0% | -15.5% | -13.1% |
| Interest Expense | $1.72M | $5.09M | $3.56M | $1.51M | $1.56M | $5.74M | $3.76M | $2.33M | $1.84M | $827.00K | $148.00K | $16.00K | $-40.00K | $61.00K |
| Other Income/Expense | - | $25.00K | $179.00K | $-37.00K | $-46.00K | $-48.00K | $1.00K | $-107.00K | $-74.00K | $-6.00K | $-277.00K | $-81.00K | $-133.00K | $-57.00K |
| Net Income | $-13.16M | $708.00K | $579.00K | $-3.83M | $450.00K | $-1.86M | $-1.92M | $-6.63M | $-3.89M | $-4.09M | $-6.66M | $-7.07M | $-5.42M | $-4.32M |
| Net Margin % | -22.0% | 1.2% | 1.0% | -7.9% | 0.9% | -3.8% | -4.0% | -16.0% | -9.1% | -9.9% | -17.5% | -19.3% | -15.0% | -11.7% |
| Basic EPS | -0.28 | 0.02 | 0.01 | -0.08 | 0.01 | -0.04 | -0.04 | -0.15 | -0.09 | -0.10 | -0.16 | -0.17 | -0.13 | -0.10 |
| Diluted EPS | -0.28 | 0.01 | 0.01 | -0.08 | 0.01 | -0.04 | -0.04 | -0.15 | -0.09 | -0.10 | -0.16 | -0.17 | -0.13 | -0.10 |
| Basic Shares Outstanding | - | 46.5M | 46.1M | 45.2M | 647K | 43.9M | 43.7M | 43.2M | 57K | 43.0M | 42.9M | 42.6M | 75K | 42.2M |
| Diluted Shares Outstanding | - | 49.1M | 48.0M | 45.2M | 647K | 43.9M | 43.7M | 43.2M | 57K | 43.0M | 42.9M | 42.6M | 75K | 42.2M |
| 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) |
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 | $35.55M | $23.90M | $20.04M | $18.10M | $27.55M | $18.66M | $19.19M | $15.71M | $31.02M | $31.09M | $23.22M | $7.71M | $15.28M | $14.32M |
| Short-term Investments | $5.98M | $11.89M | $9.89M | $3.97M | $5.93M | $5.87M | $1.94M | $1.92M | - | $1.49M | $11.31M | $30.16M | $33.51M | $38.79M |
| Accounts Receivable | $26.17M | $30.77M | $28.03M | $26.30M | $24.11M | $24.63M | $25.15M | $24.21M | $25.15M | $23.26M | $21.57M | $22.28M | $22.19M | $21.36M |
| Inventory | $42.37M | $40.58M | $36.77M | $35.50M | $33.18M | $29.36M | $28.02M | $27.64M | $23.02M | $23.02M | $21.24M | $19.85M | $18.91M | $19.12M |
| Other Current Assets | $6.35M | $3.31M | $2.69M | $3.20M | $2.45M | $1.73M | $1.96M | $3.18M | $2.81M | $2.57M | $2.58M | $2.45M | $1.94M | $2.61M |
| Total Current Assets | $120.42M | $114.46M | $103.42M | $93.07M | $99.22M | $86.25M | $82.26M | $78.66M | $88.00M | $87.44M | $86.18M | $88.70M | $98.08M | $102.45M |
| Intangible Assets | $6.75M | $6.43M | $6.12M | $5.88M | $5.58M | $5.21M | $4.97M | $4.77M | $4.53M | $4.29M | $4.05M | $3.86M | $3.65M | $3.45M |
| Total Assets | $221.69M | $216.40M | $205.45M | $196.16M | $203.73M | $191.99M | $188.93M | $186.52M | $196.83M | $194.63M | $191.64M | $189.47M | $195.39M | $195.52M |
| Accounts Payable | $2.89M | - | - | - | $8.01M | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $23.56M | $28.01M | $24.98M | $21.75M | $30.61M | $23.03M | $23.41M | $22.93M | $30.43M | $26.65M | $23.93M | $21.24M | $23.75M | $23.55M |
| Long-term Debt | $48.39M | $48.16M | $47.94M | $47.72M | $47.50M | $47.27M | $47.05M | $46.83M | $46.60M | $46.38M | $46.15M | $45.93M | $45.71M | $45.49M |
| Other Non-current Liabilities | $141.00K | $141.00K | $141.00K | $141.00K | $94.00K | $94.00K | $94.00K | - | - | - | - | - | - | - |
| Total Liabilities | $92.84M | $95.59M | $93.18M | $90.80M | $99.82M | $92.58M | $93.25M | $93.36M | $101.16M | $96.82M | $94.49M | $91.96M | $94.39M | $94.08M |
| Common Stock | $472.00K | $461.00K | $457.00K | $455.00K | $441.00K | $440.00K | $438.00K | $437.00K | $431.00K | $430.00K | $430.00K | $428.00K | $424.00K | $423.00K |
| Retained Earnings | $-306.96M | $-293.81M | $-294.51M | $-295.09M | $-291.26M | $-291.71M | $-289.85M | $-287.93M | $-281.30M | $-277.40M | $-273.31M | $-266.65M | $-259.58M | $-254.16M |
| Total Stockholders Equity | $128.85M | $120.81M | $112.28M | $105.36M | $103.91M | $99.41M | $95.69M | $93.16M | $95.67M | $97.81M | $97.15M | $97.51M | $101.00M | $101.44M |
| Total Liabilities & Equity | $221.69M | $216.40M | $205.45M | $196.16M | $203.73M | $191.99M | $188.93M | $186.52M | $196.83M | $194.63M | $191.64M | $189.47M | $195.39M | $195.52M |
| 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 | $-13.16M | $708.00K | $-3.25M | $-3.83M | $450.00K | $-10.41M | $-1.92M | $-6.63M | $-3.89M | $-17.82M | $-13.73M | $-7.07M | $-5.42M | $-23.53M |
| Depreciation & Amortization | $1.63M | $5.03M | $3.38M | $1.73M | $1.64M | $4.83M | $3.18M | $1.52M | $1.56M | $2.66M | $1.51M | $709.00K | $645.00K | $2.18M |
| Stock-based Compensation | $16.61M | $13.50M | $8.08M | $2.91M | $3.08M | $12.83M | $7.83M | $3.92M | $1.33M | $13.09M | $8.34M | $2.95M | $4.15M | $11.44M |
| Change in Receivables | $-4.56M | $7.03M | $4.31M | $2.38M | $-477.00K | $85.00K | $533.00K | $-681.00K | $1.93M | $766.00K | $-650.00K | $-175.00K | $944.00K | $3.69M |
| Change in Inventory | $1.79M | $7.40M | $3.59M | $2.32M | $3.82M | $6.34M | $7.32M | $4.98M | $99.00K | $5.96M | $3.38M | $1.52M | $-148.00K | $3.80M |
| Operating Cash Flow | $3.04M | $-2.23M | $-5.45M | $-13.18M | $8.73M | $-4.20M | $-8.10M | $-12.27M | $-211.00K | $-5.50M | $-7.13M | $-7.42M | $1.36M | $-17.43M |
| Capital Expenditure | $1.25M | $2.50M | $978.00K | $256.00K | $670.00K | $2.43M | $1.83M | $924.00K | $1.46M | $12.41M | $8.72M | $4.30M | $6.62M | $13.46M |
| Purchases of Investments | - | $13.72M | $7.84M | - | - | $5.77M | $1.91M | $1.91M | - | $10.20M | $10.20M | $10.20M | $14.64M | $24.61M |
| Investing Cash Flow | $4.04M | $-9.36M | $-5.61M | $1.34M | $-813.00K | $-9.48M | $-4.48M | $-3.25M | $-277.00K | $19.53M | $13.54M | $-786.00K | $-1.21M | $-1.99M |
| Financing Cash Flow | $4.57M | $5.93M | $3.54M | $2.38M | $970.00K | $1.32M | $748.00K | $204.00K | $418.00K | $1.54M | $1.53M | $633.00K | $813.00K | $981.00K |
| Net Change in Cash | $11.65M | $-5.65M | $-7.52M | $-9.46M | $8.89M | $-12.36M | $-11.84M | $-15.31M | $-70.00K | $15.56M | $7.94M | $-7.58M | $966.00K | $-18.44M |
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 | $60.08M | $48.64M | $165.30M | $137.93M |
| Cost of Revenue | $14.09M | $12.21M | $42.36M | $33.53M |
| Gross Profit | $45.99M | $36.44M | $122.94M | $104.40M |
| Operating Expenses | $44.08M | $36.75M | $121.02M | $109.71M |
| Research & Development | $7.57M | $7.00M | $20.51M | $21.06M |
| Operating Income | $1.91M | $-316.00K | $1.92M | $-5.30M |
| Interest Expense | $1.76M | $1.89M | $5.09M | $5.74M |
| Other Income/Expense | $25.00K | $-48.00K | $167.00K | $-153.00K |
| Net Income | $708.00K | $-1.86M | $-2.55M | $-10.41M |
| Basic EPS | 0.02 | -0.04 | -0.06 | -0.24 |
| Diluted EPS | 0.01 | -0.04 | -0.06 | -0.24 |
| Basic Shares Outstanding | $46.49M | $43.88M | $45.91M | $43.61M |
| Diluted Shares Outstanding | $49.09M | $43.88M | $45.91M | $43.61M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $23.90M | $27.55M |
| Short-term Investments | $11.89M | $5.93M |
| Accounts Receivable | $30.77M | $24.11M |
| Inventory | $40.58M | $33.18M |
| Other Current Assets | $3.31M | $2.45M |
| Total Current Assets | $114.46M | $99.22M |
| Intangible Assets | $6.43M | $5.58M |
| Total Assets | $216.40M | $203.73M |
| Total Current Liabilities | $28.01M | $30.61M |
| Long-term Debt | $48.16M | $47.50M |
| Other Non-current Liabilities | $141.00K | $94.00K |
| Total Liabilities | $95.59M | $99.82M |
| Common Stock | $461.00K | $441.00K |
| Retained Earnings | $-293.81M | $-291.26M |
| Total Stockholders Equity | $120.81M | $103.91M |
| Total Liabilities & Equity | $216.40M | $203.73M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $708.00K | $-1.86M | $-2.55M | $-10.41M |
| Depreciation & Amortization | - | - | $5.03M | $4.83M |
| Stock-based Compensation | - | - | $13.50M | $12.83M |
| Change in Receivables | - | - | $7.03M | $85.00K |
| Change in Inventory | - | - | $7.40M | $6.34M |
| Operating Cash Flow | - | - | $-2.23M | $-4.20M |
| Capital Expenditure | - | - | $2.50M | $2.43M |
| Purchases of Investments | - | - | $13.72M | $5.77M |
| Investing Cash Flow | - | - | $-9.36M | $-9.48M |
| Financing Cash Flow | - | - | $5.93M | $1.32M |
| Net Change in Cash | - | - | $-5.65M | $-12.36M |
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.