$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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
FY 2010 (Dec 31, 2010) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $22.62M | $22.62M | $23.06M | $24.52M | $23.51M | $21.88M | $18.53M | $16.30M | $14.23M | $12.06M | $11.62M | $13.63M | $8.84M | $4.31M | $3.23M | $3.86M |
| Revenue Growth % | 0.0% | -1.9% | -6.0% | 4.3% | 7.5% | 18.1% | 13.7% | 14.5% | 18.0% | 3.8% | -14.7% | 54.1% | 105.4% | 33.4% | -16.4% | nan% |
| Cost of Revenue | $5.30M | $5.30M | $5.62M | $5.61M | $5.68M | $5.75M | $5.42M | $5.08M | $4.10M | $3.02M | $3.45M | $4.07M | $2.58M | $1.50M | $1.39M | $2.51M |
| Gross Profit | $17.31M | $17.31M | $17.44M | $18.91M | $17.83M | $16.14M | $13.11M | $11.21M | $10.13M | $9.03M | $8.17M | $9.56M | $6.26M | $2.80M | $1.84M | $1.35M |
| Gross Margin % | 76.5% | 76.5% | 75.6% | 77.1% | 75.8% | 73.7% | 70.8% | 68.8% | 71.2% | 74.9% | 70.3% | 70.2% | 70.8% | 65.1% | 56.9% | 35.0% |
| Operating Expenses | $19.18M | $19.18M | $33.76M | - | $15.16M | $12.39M | $10.42M | $10.74M | $8.97M | $7.10M | $7.54M | $8.09M | $4.56M | $2.25M | $1.59M | $1.12M |
| Research & Development | $2.69M | $2.69M | $2.82M | $2.54M | $1.31M | $1.22M | $825.00K | $1.22M | $1.28M | $403.62K | $326.58K | $391.97K | - | - | - | - |
| Operating Income | $-1.87M | $-1.87M | $-16.32M | $-2.74M | $2.67M | $3.74M | $2.69M | $474.00K | $1.16M | $1.94M | $634.24K | $1.47M | $1.70M | $557.13K | $248.37K | $227.90K |
| Operating Margin % | -8.3% | -8.3% | -70.8% | -11.2% | 11.4% | 17.1% | 14.5% | 2.9% | 8.2% | 16.0% | 5.5% | 10.8% | 19.2% | 12.9% | 7.7% | 5.9% |
| Interest Expense | $934.00K | $413.00K | $1.11M | $1.25M | $11.00K | - | - | - | - | - | $85.87K | $167.74K | $77.02K | $12.03K | $28.00 | $19.30K |
| Interest Income | - | - | - | - | - | $3.00K | $56.00K | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | $321.00K | - | $84.25K | $-622.14K | - | - | $-401.00 | $12.71K | - |
| Income Before Tax | $-1.95M | $-1.95M | $-17.34M | $-4.38M | $2.66M | $307.00K | $451.00K | - | - | - | - | - | - | - | - | - |
| Income Tax Expense | $-395.00K | $-395.00K | $-4.06M | $-938.00K | $724.00K | $821.00K | $724.00K | $109.00K | $373.00K | $464.35K | $-132.49K | $-279.48K | $556.00K | $251.00K | $21.80K | $-220.80K |
| Net Income | $4.29M | $4.29M | $-10.79M | $766.00K | $1.93M | $3.29M | $2.11M | $686.00K | $837.00K | $1.56M | $144.58K | $42.13K | $628.58K | $305.73K | $239.28K | $429.41K |
| Net Margin % | 19.0% | 19.0% | -46.8% | 3.1% | 8.2% | 15.0% | 11.4% | 4.2% | 5.9% | 12.9% | 1.2% | 0.3% | 7.1% | 7.1% | 7.4% | 11.1% |
| Basic EPS | nan | 1.11 | -2.82 | 0.20 | 0.52 | 0.87 | 0.56 | 0.18 | 0.25 | 0.55 | 0.06 | 0.02 | 0.32 | 0.16 | 0.14 | 0.02 |
| Diluted EPS | nan | 1.11 | -2.82 | 0.20 | 0.52 | 0.86 | 0.56 | 0.18 | 0.24 | 0.54 | 0.06 | 0.02 | 0.31 | 0.15 | 0.14 | 0.02 |
| Basic Shares Outstanding | 3.9M | 3.9M | 4K | 4K | 3.7M | 3.8M | 4K | 3.8M | 3.4M | 2.8M | 2.5M | 2.1M | 1.9M | 1.9M | 1.8M | 17.4M |
| Diluted Shares Outstanding | 3.9M | 3.9M | 4K | 4K | 3.7M | 3.8M | 4K | 3.9M | 3.5M | 2.9M | 2.6M | 2.1M | 2.0M | 2.0M | 1.8M | 17.6M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
FY 2010 (Dec 31, 2010) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $3.02M | $4.10M | - | $4.83M | $23.85M | $19.56M | $15.77M | $17.22M | $5.34M | $4.22M | $1.72M | $1.71M | $1.25M | $862.39K | $504.71K |
| Accounts Receivable | $3.88M | $3.35M | $3.00M | $2.98M | $3.29M | $2.51M | $2.05M | $1.59M | $1.30M | $1.25M | $2.01M | $1.97M | $544.68K | $361.19K | $175.34K |
| Other Current Assets | $1.51M | $1.23M | $1.13M | $1.56M | $750.00K | $298.00K | $141.00K | $89.00K | $188.58K | $252.47K | $311.67K | $160.76K | $38.71K | $35.09K | $16.58K |
| Total Current Assets | $8.42M | $10.03M | $11.50M | $9.42M | $27.89M | $22.37M | $18.01M | $18.99M | $6.83M | $5.72M | $4.05M | $3.87M | $1.88M | $1.47M | $799.03K |
| Property Plant & Equipment | $136.00K | $365.00K | $495.00K | $625.00K | $713.00K | $795.00K | $899.00K | $132.00K | $204.32K | $175.50K | $145.38K | $297.58K | $55.61K | $66.61K | $53.38K |
| Goodwill | $19.04M | $19.04M | $19.04M | $22.50M | $6.38M | $6.38M | $6.38M | $5.03M | $2.24M | $2.24M | $2.24M | $1.06M | - | - | - |
| Intangible Assets | $9.47M | $11.98M | $28.68M | $32.23M | $2.45M | $2.91M | $3.52M | $2.80M | $1.38M | $2.19M | $3.73M | $4.01M | $431.53K | $109.03K | $93.03K |
| Other Non-current Assets | $73.00K | $158.00K | $101.00K | $136.00K | $94.00K | $88.00K | $77.00K | $35.00K | $17.89K | $18.30K | $28.29K | $22.35K | $12.07K | $22.07K | $15.58K |
| Total Assets | $41.99M | $50.64M | $65.15M | $66.33M | $39.26M | $34.89M | $32.39M | $28.95M | $12.86M | $11.17M | $10.20M | $9.26M | $2.54M | $1.73M | $1.08M |
| Accounts Payable | $1.50M | $1.42M | $1.18M | $1.37M | $695.00K | $304.00K | $266.00K | $371.00K | $343.42K | $385.29K | $255.62K | $267.64K | $62.89K | $103.57K | $65.57K |
| Accrued Liabilities | $1.77M | $1.70M | $1.84M | $2.25M | $1.98M | $1.80M | $1.15M | $577.00K | $806.40K | $996.00K | $1.11M | $1.26M | $37.35K | $39.32K | $34.92K |
| Deferred Revenue | $5.26M | $4.74M | $4.75M | $5.41M | $3.09M | $2.21M | $1.81M | $1.25M | $842.64K | $822.48K | $877.12K | $1.05M | $112.91K | $177.71K | $51.38K |
| Other Current Liabilities | - | $893.00K | $871.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $9.54M | $12.81M | $12.65M | $31.19M | $5.80M | $4.58M | $3.84M | $2.60M | $2.10M | $2.40M | $3.50M | $2.87M | $589.54K | $450.60K | $151.87K |
| Long-term Debt | $1.69M | $11.93M | $15.91M | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $86.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $20.00K | - | $21.00K | - | - | - | - | - | $112.15K | $113.22K | $56.73K | $83.06K | $105.55K | $69.29K | $19.81K |
| Total Liabilities | $11.65M | $25.41M | $29.73M | $33.10M | $7.64M | $6.75M | $6.29M | $3.29M | $2.28M | $2.61M | $4.20M | $5.05M | $695.10K | $519.88K | $171.68K |
| Common Stock | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $2.86K | $2.79K | $2.32K | $2.01K | $1.94K | $1.75K | $17.68K |
| Retained Earnings | $5.43M | $1.14M | $11.93M | $11.17M | $9.23M | $5.94M | $3.84M | $3.15M | $1.49M | $388.74K | $327.26K | $285.13K | $-226.16K | $-531.89K | $-771.17K |
| Total Stockholders Equity | $30.34M | $25.23M | $35.42M | $33.22M | $31.62M | $28.14M | $26.10M | $25.66M | $10.58M | $8.56M | $6.01M | $4.21M | $1.85M | $1.21M | $907.73K |
| Total Liabilities & Equity | $41.99M | $50.64M | $65.15M | $66.33M | $39.26M | $34.89M | $32.39M | $28.95M | $12.86M | $11.17M | $10.20M | $9.26M | $2.54M | $1.73M | $1.08M |
| 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 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
FY 2010 (Dec 31, 2010) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $4.29M | $4.29M | $-10.79M | $766.00K | $1.93M | $3.29M | $2.11M | $686.00K | $837.00K | $1.56M | $144.58K | $42.13K | $628.58K | $305.73K | $239.28K | $429.41K |
| Depreciation & Amortization | $5.24M | $2.99M | $2.93M | $2.79M | $1.03M | $1.14M | $1.35M | $1.67M | $1.40M | $1.08M | $1.10M | $1.16M | $494.18K | $138.35K | $54.70K | $39.17K |
| Stock-based Compensation | $1.56M | $884.00K | $684.00K | $1.36M | $763.00K | $333.00K | $273.00K | $523.00K | $629.00K | $592.02K | $549.18K | $410.47K | $282.71K | $415.88K | $101.14K | $116.25K |
| Deferred Income Tax | $-1.17M | $188.00K | $-3.93M | $-433.00K | $-278.00K | $-106.00K | $312.00K | $-528.00K | $-336.00K | $-210.41K | $-631.94K | $-999.60K | $-276.85K | $-9.00K | $21.80K | $-220.80K |
| Change in Receivables | $2.15M | $1.08M | $1.66M | $1.87M | $-9.00K | $-1.04M | $761.00K | $1.21M | $645.00K | $259.13K | $-586.52K | $343.68K | $212.59K | $248.82K | $-307.80K | $74.71K |
| Change in Payables | $516.00K | $154.00K | $245.00K | $-60.00K | $35.00K | $393.00K | $37.00K | $-117.00K | $-322.00K | $-38.60K | $132.17K | $-8.93K | $-89.33K | $-40.68K | $38.00K | $13.86K |
| Operating Cash Flow | $2.19M | $558.00K | $3.16M | $3.06M | $4.02M | $4.73M | $4.39M | $2.86M | $2.87M | $2.76M | $3.18M | $1.46M | $1.39M | $754.17K | $478.16K | $446.30K |
| Capital Expenditure | $44.00K | $20.00K | $19.00K | $25.00K | $66.00K | $62.00K | $27.00K | $420.00K | $51.00K | $112.24K | $109.51K | $71.37K | $43.86K | $18.85K | $43.94K | $48.13K |
| Acquisitions | - | - | - | $-350.00K | $17.96M | - | - | $2.79M | $1.12M | - | - | - | $3.18M | - | - | - |
| Investing Cash Flow | $35.74M | $11.81M | $-616.00K | $-153.00K | $-18.03M | $-277.00K | $-27.00K | $-3.23M | $-1.20M | $-1.19M | $-663.20K | $-1.77M | $-3.22M | $-299.85K | $-83.94K | $-48.13K |
| Debt Repayment | $39.09M | $13.39M | $4.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | - | - | $13.32M | - | - | - | - | - | - | - |
| Stock Repurchased | - | $163.00K | - | - | $5.00M | $453.00K | $785.00K | $773.00K | $2.63M | - | - | - | - | - | $-36.55K | $39.50K |
| Dividends Paid | - | - | - | - | - | - | - | - | $460.00K | $452.72K | $83.10K | - | $117.29K | $270.59K | - | - |
| Financing Cash Flow | $-39.25M | $-13.55M | $-4.00M | $-2.08M | $-4.91M | $-146.00K | $-574.00K | $-1.09M | $10.69M | $-417.73K | $-16.77K | $340.95K | $2.36M | $-66.06K | $-36.55K | $-39.50K |
| Net Change in Cash | - | - | - | - | - | - | $3.79M | $-1.46M | $12.36M | $1.15M | $2.50M | $31.83K | $524.75K | $388.26K | $357.67K | $358.67K |
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.