$86.21M
Revenue
$-5.10M
Net Income
74.49%
Gross Margin
-7.77%
Op. Margin
$-5.29M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $86.21M | $86.21M | $83.79M | $73.91M | $75.60M | $59.83M |
| Revenue Growth % | 0.0% | 2.9% | 13.4% | -2.2% | 26.4% | nan% |
| Cost of Revenue | $22.00M | $22.00M | $12.03M | $10.48M | $30.24M | $15.93M |
| Gross Profit | $64.21M | $64.21M | $71.76M | $63.43M | $45.36M | $43.90M |
| Gross Margin % | 74.5% | 74.5% | 85.6% | 85.8% | 60.0% | 73.4% |
| Operating Expenses | $70.91M | $70.91M | $77.27M | $73.83M | $58.01M | $51.68M |
| Selling General & Admin | - | - | - | - | $8.62M | $7.20M |
| Operating Income | $-6.70M | $-6.70M | $-5.51M | $-10.39M | $-12.65M | $-7.77M |
| Operating Margin % | -7.8% | -7.8% | -6.6% | -14.1% | -16.7% | -13.0% |
| Interest Expense | $853.38K | $482.42K | $337.96K | $105.15K | $18.61K | $55.48K |
| Other Income/Expense | - | - | - | $14.67K | $-435.55K | $256.98K |
| Income Before Tax | - | - | $-5.75M | $-10.41M | - | - |
| Income Tax Expense | $10.71K | $10.71K | $8.03K | $17.76K | - | - |
| Net Income | $-5.10M | $-5.10M | $-5.76M | $-10.39M | $-13.11M | $-7.60M |
| Net Margin % | -5.9% | -5.9% | -6.9% | -14.1% | -17.3% | -12.7% |
| Basic EPS | nan | nan | nan | nan | -0.11 | -0.06 |
| Diluted EPS | nan | nan | -0.04 | -0.08 | -0.11 | -0.06 |
| Basic Shares Outstanding | 50K | 14.5M | 140.0M | 131.1M | 119.8M | 117.6M |
| Diluted Shares Outstanding | 50K | 14.5M | 140.0M | 131.1M | 119.8M | 117.6M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | - | $2.93M | $10.48M |
| Short-term Investments | - | - | - | $1.53M | $1.93M |
| Accounts Receivable | $5.89M | $12.55M | $9.23M | $11.12M | $9.27M |
| Other Current Assets | $78.34K | $78.34K | - | - | - |
| Total Current Assets | $9.22M | $15.64M | $14.74M | $16.38M | $23.08M |
| Property Plant & Equipment | $1.63M | $1.79M | $1.68M | $1.67M | $1.51M |
| Goodwill | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M |
| Intangible Assets | $3.43M | $3.89M | $4.66M | $5.65M | $6.72M |
| Long-term Investments | - | - | - | $660.13K | $859.51K |
| Other Non-current Assets | - | $78.34K | $53.35K | $66.92K | $35.72K |
| Total Assets | $24.87M | $32.20M | $32.37M | $35.56M | $44.00M |
| Accounts Payable | $7.09M | $8.42M | $6.43M | $8.04M | $4.84M |
| Accrued Liabilities | $3.62M | $9.19M | $7.93M | $5.16M | $5.37M |
| Total Current Liabilities | $14.29M | $17.89M | $14.53M | $13.60M | $10.66M |
| Deferred Tax Liabilities | $107.97K | $97.27K | $89.24K | $107.00K | $107.00K |
| Other Non-current Liabilities | - | - | $216.00 | $10.73K | $13.30K |
| Common Stock | $14.70K | $140.50K | $137.98K | $120.14K | $118.75K |
| Retained Earnings | $-178.30M | $-173.21M | $-167.45M | $-157.06M | $-143.95M |
| Total Stockholders Equity | $10.02M | $13.47M | $16.98M | $21.75M | $32.81M |
| Total Liabilities & Equity | $24.87M | $32.20M | $32.37M | $35.56M | $44.00M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-6.36M | $-5.10M | $-5.76M | $-10.39M | $-13.11M | $-7.60M |
| Depreciation & Amortization | $3.93M | $2.23M | $2.52M | $2.66M | $2.60M | $3.14M |
| Stock-based Compensation | $2.05M | $1.14M | $1.50M | $1.99M | $2.35M | $2.18M |
| Deferred Income Tax | $16.05K | $10.70K | $8.03K | $-17.76K | - | - |
| Change in Receivables | $-10.02M | $-6.70M | $1.88M | $-1.11M | $3.12M | $3.05M |
| Change in Payables | - | $-1.33M | $1.99M | - | - | - |
| Operating Cash Flow | $-2.38M | $-1.79M | $229.55K | $-2.55M | $-5.57M | $-5.28M |
| Capital Expenditure | $2.91M | $1.60M | $1.86M | $1.68M | $1.69M | $1.60M |
| Purchases of Investments | - | - | - | - | $1.69M | $3.14M |
| Investing Cash Flow | $-2.91M | $-1.60M | $-1.86M | $606.19K | $-1.67M | $-4.60M |
| Stock Issued | - | $1.15M | - | $3.67M | - | $13.14M |
| Financing Cash Flow | $5.45M | $3.77M | $-353.39K | $3.46M | $-304.43K | $12.46M |
| Net Change in Cash | - | - | - | $1.51M | $-7.54M | $2.59M |
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 | $22.57M | - | $71.95M | - |
| Cost of Revenue | $6.00M | - | $17.20M | - |
| Gross Profit | $16.57M | - | $54.75M | - |
| Operating Expenses | $18.24M | - | $60.23M | - |
| Operating Income | $-1.67M | - | $-5.48M | - |
| Interest Expense | - | - | $372.35K | - |
| Income Tax Expense | $5.35K | - | $8.03K | - |
| Net Income | $-1.74M | $-1.75M | $-4.50M | - |
| Diluted EPS | -0.12 | - | -0.31 | - |
| Basic Shares Outstanding | $14.56M | - | $14.43M | - |
| Diluted Shares Outstanding | $14.56M | - | $14.43M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $9.93M | $12.55M |
| Other Current Assets | $706.20K | $639.80K |
| Total Current Assets | $14.02M | $15.64M |
| Property Plant & Equipment | $1.70M | $1.79M |
| Goodwill | $9.85M | $9.85M |
| Intangible Assets | $3.54M | $3.89M |
| Other Non-current Assets | $78.34K | $78.34K |
| Total Assets | $29.92M | $32.20M |
| Accounts Payable | $7.66M | $8.42M |
| Accrued Liabilities | $7.55M | $9.19M |
| Total Current Liabilities | $18.88M | $17.89M |
| Deferred Tax Liabilities | $105.29K | $97.27K |
| Common Stock | $144.86K | $140.50K |
| Retained Earnings | $-177.71M | $-173.21M |
| Total Stockholders Equity | $10.42M | $13.47M |
| Total Liabilities & Equity | $29.92M | $32.20M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.74M | $-1.75M | $-4.50M | - |
| Depreciation & Amortization | - | - | $1.69M | - |
| Stock-based Compensation | - | - | $842.89K | - |
| Deferred Income Tax | - | - | $8.03K | - |
| Change in Receivables | - | - | $-2.61M | - |
| Change in Payables | - | - | $-765.36K | - |
| Operating Cash Flow | - | - | $-1.81M | - |
| Capital Expenditure | - | - | $1.24M | - |
| Investing Cash Flow | - | - | $-1.24M | - |
| Stock Issued | - | - | $1.15M | - |
| Financing Cash Flow | - | - | $3.97M | - |
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.