$225.21M
Revenue
$-15.70M
Net Income
74.31%
Gross Margin
-3.49%
Op. Margin
$-22.80M
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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $225.21M | $225.21M | $187.34M | $159.01M | $138.58M | $127.36M | $112.30M | $106.71M | $83.94M | $60.43M | $41.11M | $27.33M | $16.82M | $10.95M | $4.85M |
| Revenue Growth % | 0.0% | 20.2% | 17.8% | 14.7% | 8.8% | 13.4% | 5.2% | 27.1% | 38.9% | 47.0% | 50.4% | 62.5% | 53.6% | 125.7% | nan% |
| Cost of Revenue | $57.85M | $57.85M | $45.36M | $31.14M | $24.15M | $22.93M | $21.58M | $17.35M | $12.92M | $9.31M | $6.47M | $4.85M | $3.44M | $2.44M | $2.43M |
| Gross Profit | $167.35M | $167.35M | $141.98M | $127.87M | $114.44M | $104.43M | $90.72M | $89.36M | $71.01M | $51.11M | $34.64M | $22.48M | $13.38M | $8.51M | $2.42M |
| Gross Margin % | 74.3% | 74.3% | 75.8% | 80.4% | 82.6% | 82.0% | 80.8% | 83.7% | 84.6% | 84.6% | 84.3% | 82.3% | 79.5% | 77.7% | 50.0% |
| Operating Expenses | $175.20M | $175.20M | $145.26M | $149.34M | $144.14M | $129.84M | $113.90M | $120.77M | $91.51M | $59.07M | $42.77M | $31.75M | $23.18M | $18.10M | $9.39M |
| Research & Development | $32.88M | $32.88M | $27.77M | $28.33M | $27.16M | $24.18M | $17.85M | $17.51M | $11.77M | $6.70M | $4.21M | $3.24M | $3.03M | $2.13M | $697.36K |
| Operating Income | $-7.85M | $-7.85M | $-3.29M | $-21.46M | $-29.71M | $-25.42M | $-23.18M | $-31.41M | $-20.50M | $-7.95M | $-8.13M | $-9.27M | $-9.80M | $-9.59M | $-6.97M |
| Operating Margin % | -3.5% | -3.5% | -1.8% | -13.5% | -21.4% | -20.0% | -20.6% | -29.4% | -24.4% | -13.2% | -19.8% | -33.9% | -58.3% | -87.6% | -143.7% |
| Interest Expense | $11.88M | $6.81M | $7.30M | $2.83M | $624.00K | $1.36M | $1.05M | $40.00K | $1.21M | $2.22M | $5.39M | $3.99M | $6.81M | $4.82M | $1.09M |
| Other Income/Expense | $167.00K | $167.00K | $-199.00K | $-437.00K | $-230.00K | $-278.00K | $-38.00K | $2.27M | $-1.90M | $-30.77K | $-19.62K | $26.82K | $3.15K | $33.89K | $4.99K |
| Income Before Tax | - | - | - | - | - | - | - | - | - | - | - | - | - | $-14.56M | - |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-15.70M | $-15.70M | $-9.96M | $-21.72M | $-28.95M | $-26.98M | $-23.79M | $-29.14M | $-22.40M | $-10.45M | $-14.41M | $-13.36M | $-17.71M | $-14.56M | $-9.22M |
| Net Margin % | -7.0% | -7.0% | -5.3% | -13.7% | -20.9% | -21.2% | -21.2% | -27.3% | -26.7% | -17.3% | -35.1% | -48.9% | -105.3% | -133.0% | -190.1% |
| Basic EPS | -0.33 | -0.34 | -0.23 | -0.51 | -0.69 | -0.65 | -0.60 | -0.74 | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | -0.34 | -0.34 | -0.23 | -0.51 | -0.69 | -0.65 | -0.60 | -0.74 | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 46.1M | 44.3M | 42.9M | 42.1M | 41.2M | 40.0M | 39.2M | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | - | 46.1M | 44.3M | 42.9M | 42.1M | 41.2M | 40.0M | 39.2M | - | - | - | - | - | - | - |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $35.55M | $27.55M | $31.02M | $15.28M | $32.76M | $48.77M | $35.72M | $24.29M | $36.51M | $30.01M | $25.91M | $8.22M | $20.07M | $8.19M |
| Short-term Investments | $5.98M | $5.93M | - | $33.51M | $51.33M | $55.20M | $60.79M | $92.31M | - | - | - | - | - | - |
| Accounts Receivable | $26.17M | $24.11M | $25.15M | $22.19M | $18.16M | $17.62M | $16.94M | $15.32M | $11.06M | $8.05M | $4.78M | $2.87M | $1.89M | $797.65K |
| Inventory | $42.37M | $33.18M | $23.02M | $18.91M | $16.69M | $12.53M | $13.86M | $11.98M | $7.32M | $5.46M | $3.93M | $3.21M | $3.40M | $1.76M |
| Other Current Assets | $6.35M | $2.45M | $2.81M | $1.94M | $1.86M | $4.30M | $1.71M | $1.04M | $853.38K | $511.80K | $424.93K | $109.37K | $296.72K | $133.50K |
| Total Current Assets | $120.42M | $99.22M | $88.00M | $98.08M | $127.05M | $145.25M | $135.02M | $150.95M | $55.74M | $44.04M | $35.05M | $14.41M | $25.66M | $10.88M |
| Property Plant & Equipment | - | - | - | - | $62.88M | $38.40M | $14.89M | $8.04M | $2.20M | $1.49M | $970.87K | $619.03K | $381.69K | $247.82K |
| Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | $169.99K |
| Intangible Assets | $6.75M | $5.58M | $4.53M | $3.65M | $2.86M | $2.05M | $1.51M | $1.18M | $936.99K | $828.98K | $678.08K | $577.17K | $570.40K | $899.48K |
| Total Assets | $221.69M | $203.73M | $196.83M | $195.39M | $208.02M | $201.38M | $154.64M | $160.17M | $58.87M | $46.36M | $37.55M | $16.40M | $27.68M | $12.50M |
| Accounts Payable | $2.89M | $8.01M | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | - | - | - | - | - | - | $14.00K | $18.00K | $31.67K | $33.28K | $14.12K | $14.12K | $14.12K | - |
| Total Current Liabilities | $23.56M | $30.61M | $30.43M | $23.75M | $24.29M | $22.83M | $20.88M | $13.04M | $13.72M | $11.08M | $3.71M | $2.45M | $2.10M | $2.02M |
| Long-term Debt | $48.39M | $47.50M | $46.60M | $45.71M | $44.82M | $32.03M | - | $35.00K | $19.91M | $20.27M | $24.70M | - | - | $4.40M |
| Other Non-current Liabilities | $141.00K | $94.00K | - | - | - | $3.00K | $15.00K | $70.00K | $95.00K | - | - | - | - | - |
| Total Liabilities | $92.84M | $99.82M | $101.16M | $94.39M | $95.47M | $78.23M | $22.49M | $13.19M | $33.69M | $31.44M | $29.35M | $27.65M | $27.55M | $6.42M |
| Common Stock | $472.00K | $441.00K | $431.00K | $424.00K | $417.00K | $406.00K | $396.00K | $389.00K | $343.50K | $330.09K | $299.85K | $194.89K | $173.40K | $110.62K |
| Retained Earnings | $-306.96M | $-291.26M | $-281.30M | $-259.58M | $-230.63M | $-203.65M | $-179.86M | $-150.73M | $-128.33M | $-117.88M | $-103.47M | $-90.12M | $-72.41M | $-48.43M |
| Total Stockholders Equity | $128.85M | $103.91M | $95.67M | $101.00M | $112.55M | $123.15M | $132.15M | $146.98M | $25.18M | $14.92M | $8.20M | $-11.25M | $136.63K | $6.07M |
| Total Liabilities & Equity | $221.69M | $203.73M | $196.83M | $195.39M | $208.02M | $201.38M | $154.64M | $160.17M | $58.87M | $46.36M | $37.55M | $16.40M | $27.68M | $12.50M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-19.54M | $-15.70M | $-9.96M | $-21.72M | $-28.95M | $-26.98M | $-23.79M | $-29.14M | $-22.40M | $-10.45M | $-14.41M | $-13.36M | $-17.71M | $-14.56M | $-9.22M |
| Depreciation & Amortization | $11.77M | $6.66M | $6.47M | $4.22M | $2.83M | $2.74M | $1.53M | - | - | - | - | - | $153.67K | $79.23K | - |
| Stock-based Compensation | $41.10M | $30.11M | $15.91M | $14.42M | $15.59M | $10.92M | $8.47M | $10.30M | $7.61M | $3.61M | $1.39M | $1.32M | $956.45K | $671.89K | $250.04K |
| Change in Receivables | $9.15M | $2.46M | $-392.00K | $2.69M | $4.64M | $499.00K | $635.00K | $2.14M | $5.11M | $3.24M | $3.35M | $2.04M | $1.01M | $902.23K | $368.95K |
| Change in Inventory | $15.10M | $9.19M | $10.16M | $6.05M | $3.66M | $7.48M | $910.00K | $3.77M | $6.01M | $1.86M | $1.52M | $720.34K | $-184.82K | $247.33K | $-142.25K |
| Operating Cash Flow | $-17.82M | $812.00K | $4.54M | $-5.72M | $-16.07M | $-13.40M | $-9.63M | $-19.87M | $-17.86M | $-9.24M | $-11.24M | $-13.05M | - | - | $-7.08M |
| Capital Expenditure | $4.98M | $3.75M | $3.10M | $13.87M | $20.08M | $27.81M | $21.91M | $4.66M | $6.28M | $1.11M | $963.79K | $408.78K | $542.04K | $178.78K | $20.61K |
| Purchases of Investments | $21.56M | $13.72M | $5.77M | $10.20M | $39.25M | $68.70M | $77.81M | $121.07M | $114.74M | - | - | - | - | - | - |
| Investing Cash Flow | $-9.59M | $-5.32M | $-10.30M | $19.25M | $-3.20M | $-23.65M | $-16.96M | $27.27M | $-98.19M | $-1.29M | $-1.16M | $-555.52K | - | - | $7.11M |
| Debt Repayment | - | - | - | - | - | - | - | - | $22.51M | $20.90K | $2.45M | - | $1.75M | - | $4.73M |
| Stock Issued | - | - | - | - | - | - | $3.50M | - | $132.96M | $15.66M | $18.67M | $30.97M | $1.63M | $16.78M | $1.00M |
| Financing Cash Flow | $16.42M | $10.50M | $2.29M | $1.95M | $1.79M | $20.45M | $40.47M | $4.03M | $109.84M | $17.02M | $16.50M | $31.30M | - | - | $6.36M |
| Net Change in Cash | $-10.98M | $5.99M | $-3.47M | $15.49M | $-17.47M | $-16.60M | $13.88M | $11.43M | $-6.21M | $6.49M | $4.11M | $17.69M | $-11.85M | $6.16M | $6.39M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.