$22.62M
Revenue
$4.29M
Net Income
76.55%
Gross Margin
-8.27%
Op. Margin
$2.14M
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 | $22.62M | $22.62M | $23.06M | $24.52M | $23.51M | $21.88M |
| Revenue Growth % | 0.0% | -1.9% | -6.0% | 4.3% | 7.5% | nan% |
| Cost of Revenue | $5.30M | $5.30M | $5.62M | $5.61M | $5.68M | $5.75M |
| Gross Profit | $17.31M | $17.31M | $17.44M | $18.91M | $17.83M | $16.14M |
| Gross Margin % | 76.5% | 76.5% | 75.6% | 77.1% | 75.8% | 73.7% |
| Operating Expenses | $19.18M | $19.18M | $33.76M | - | $15.16M | $12.39M |
| Research & Development | $2.69M | $2.69M | $2.82M | $2.54M | $1.31M | $1.22M |
| Operating Income | $-1.87M | $-1.87M | $-16.32M | $-2.74M | $2.67M | $3.74M |
| Operating Margin % | -8.3% | -8.3% | -70.8% | -11.2% | 11.4% | 17.1% |
| Interest Expense | $934.00K | $413.00K | $1.11M | $1.25M | $11.00K | - |
| Interest Income | - | - | - | - | - | $3.00K |
| Income Before Tax | $-1.95M | $-1.95M | $-17.34M | $-4.38M | $2.66M | $307.00K |
| Income Tax Expense | $-395.00K | $-395.00K | $-4.06M | $-938.00K | $724.00K | $821.00K |
| Net Income | $4.29M | $4.29M | $-10.79M | $766.00K | $1.93M | $3.29M |
| Net Margin % | 19.0% | 19.0% | -46.8% | 3.1% | 8.2% | 15.0% |
| Basic EPS | nan | 1.11 | -2.82 | 0.20 | 0.52 | 0.87 |
| Diluted EPS | nan | 1.11 | -2.82 | 0.20 | 0.52 | 0.86 |
| Basic Shares Outstanding | 3.9M | 3.9M | 4K | 4K | 3.7M | 3.8M |
| Diluted Shares Outstanding | 3.9M | 3.9M | 4K | 4K | 3.7M | 3.8M |
| 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 | $3.02M | $4.10M | - | $4.83M | $23.85M |
| Accounts Receivable | $3.88M | $3.35M | $3.00M | $2.98M | $3.29M |
| Other Current Assets | $1.51M | $1.23M | $1.13M | $1.56M | $750.00K |
| Total Current Assets | $8.42M | $10.03M | $11.50M | $9.42M | $27.89M |
| Property Plant & Equipment | $136.00K | $365.00K | $495.00K | $625.00K | $713.00K |
| Goodwill | $19.04M | $19.04M | $19.04M | $22.50M | $6.38M |
| Intangible Assets | $9.47M | $11.98M | $28.68M | $32.23M | $2.45M |
| Other Non-current Assets | $73.00K | $158.00K | $101.00K | $136.00K | $94.00K |
| Total Assets | $41.99M | $50.64M | $65.15M | $66.33M | $39.26M |
| Accounts Payable | $1.50M | $1.42M | $1.18M | $1.37M | $695.00K |
| Accrued Liabilities | $1.77M | $1.70M | $1.84M | $2.25M | $1.98M |
| Deferred Revenue | $5.26M | $4.74M | $4.75M | $5.41M | $3.09M |
| Other Current Liabilities | - | $893.00K | $871.00K | - | - |
| Total Current Liabilities | $9.54M | $12.81M | $12.65M | $31.19M | $5.80M |
| Long-term Debt | $1.69M | $11.93M | $15.91M | - | - |
| Deferred Tax Liabilities | $86.00K | - | - | - | - |
| Other Non-current Liabilities | $20.00K | - | $21.00K | - | - |
| Total Liabilities | $11.65M | $25.41M | $29.73M | $33.10M | $7.64M |
| Common Stock | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K |
| Retained Earnings | $5.43M | $1.14M | $11.93M | $11.17M | $9.23M |
| Total Stockholders Equity | $30.34M | $25.23M | $35.42M | $33.22M | $31.62M |
| Total Liabilities & Equity | $41.99M | $50.64M | $65.15M | $66.33M | $39.26M |
| 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 | $4.29M | $4.29M | $-10.79M | $766.00K | $1.93M | $3.29M |
| Depreciation & Amortization | $5.24M | $2.99M | $2.93M | $2.79M | $1.03M | $1.14M |
| Stock-based Compensation | $1.56M | $884.00K | $684.00K | $1.36M | $763.00K | $333.00K |
| Deferred Income Tax | $-1.17M | $188.00K | $-3.93M | $-433.00K | $-278.00K | $-106.00K |
| Change in Receivables | $2.15M | $1.08M | $1.66M | $1.87M | $-9.00K | $-1.04M |
| Change in Payables | $516.00K | $154.00K | $245.00K | $-60.00K | $35.00K | $393.00K |
| Operating Cash Flow | $2.19M | $558.00K | $3.16M | $3.06M | $4.02M | $4.73M |
| Capital Expenditure | $44.00K | $20.00K | $19.00K | $25.00K | $66.00K | $62.00K |
| Acquisitions | - | - | - | $-350.00K | $17.96M | - |
| Investing Cash Flow | $35.74M | $11.81M | $-616.00K | $-153.00K | $-18.03M | $-277.00K |
| Debt Repayment | $39.09M | $13.39M | $4.00M | - | - | - |
| Stock Repurchased | - | $163.00K | - | - | $5.00M | $453.00K |
| Financing Cash Flow | $-39.25M | $-13.55M | $-4.00M | $-2.08M | $-4.91M | $-146.00K |
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 | $5.72M | - | $16.82M | - |
| Cost of Revenue | $1.46M | - | $3.99M | - |
| Gross Profit | $4.27M | - | $12.83M | - |
| Operating Expenses | $4.45M | - | $13.94M | - |
| Research & Development | $684.00K | - | $2.07M | - |
| Operating Income | $-184.00K | - | $-1.11M | - |
| Interest Expense | - | - | $368.00K | - |
| Other Income/Expense | $-1.00K | - | $-80.00K | - |
| Income Before Tax | $22.00K | - | $-1.18M | - |
| Income Tax Expense | $67.00K | - | $-127.00K | - |
| Net Income | $-45.00K | $7.00K | $4.87M | - |
| Basic EPS | -0.01 | - | 1.26 | - |
| Diluted EPS | -0.01 | - | 1.26 | - |
| Basic Shares Outstanding | $3.87K | - | $3.86K | - |
| Diluted Shares Outstanding | $3.87K | - | $3.86K | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.26M | $4.10M |
| Accounts Receivable | $4.14M | $3.35M |
| Other Current Assets | $1.60M | $1.23M |
| Total Current Assets | $9.00M | $10.03M |
| Property Plant & Equipment | $274.00K | $365.00K |
| Goodwill | $19.04M | $19.04M |
| Intangible Assets | $10.09M | $11.98M |
| Other Non-current Assets | $80.00K | $158.00K |
| Total Assets | $44.05M | $50.64M |
| Accounts Payable | $1.35M | $1.42M |
| Accrued Liabilities | $2.04M | $1.70M |
| Deferred Revenue | $5.02M | $4.74M |
| Other Current Liabilities | - | $893.00K |
| Total Current Liabilities | $10.85M | $12.81M |
| Long-term Debt | $1.90M | $11.93M |
| Other Non-current Liabilities | $20.00K | - |
| Total Liabilities | $13.26M | $25.41M |
| Common Stock | $4.00K | $4.00K |
| Retained Earnings | $6.01M | $1.14M |
| Total Stockholders Equity | $30.79M | $25.23M |
| Total Liabilities & Equity | $44.05M | $50.64M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-45.00K | $7.00K | $4.87M | - |
| Depreciation & Amortization | $658.00K | - | $2.23M | - |
| Stock-based Compensation | - | - | $650.00K | - |
| Deferred Income Tax | - | - | $-360.00K | - |
| Change in Receivables | - | - | $1.06M | - |
| Change in Payables | - | - | $8.00K | - |
| Operating Cash Flow | - | - | $300.00K | - |
| Capital Expenditure | - | - | $20.00K | - |
| Investing Cash Flow | - | - | $11.96M | - |
| Debt Repayment | - | - | $13.17M | - |
| Financing Cash Flow | - | - | $-13.17M | - |
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.