$195.17M
Revenue
$15.47M
Net Income
85.80%
Gross Margin
-3.36%
Op. Margin
$20.15M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $7.08M | $60.17M | $62.22M | $65.70M | $64.25M | $53.39M | $50.66M |
| Revenue Growth % (YoY) | -89.0% | 12.7% | 22.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.23M | $7.41M | $7.43M | $8.64M | $9.43M | $5.01M | $5.02M |
| Gross Profit | $2.85M | $52.76M | $54.79M | $57.05M | $54.82M | $48.38M | $45.64M |
| Gross Margin % | 40.2% | 87.7% | 88.1% | 86.8% | 85.3% | 90.6% | 90.1% |
| Operating Expenses | $9.07M | $54.73M | $55.69M | $54.51M | $53.81M | $53.07M | $51.94M |
| Operating Income | $-6.22M | $-1.97M | $-906.77K | $2.54M | $1.02M | $-4.69M | $-6.31M |
| Operating Margin % | -87.9% | -3.3% | -1.5% | 3.9% | 1.6% | -8.8% | -12.4% |
| Interest Expense | $-190.79K | $262.46K | $663.03K | $626.27K | $614.07K | $558.60K | $531.47K |
| Income Before Tax | $-6.03M | $-3.39M | - | - | $404.17K | $-5.24M | - |
| Income Tax Expense | $-123.41K | $169.13K | - | - | $169.48K | $232.52K | - |
| Net Income | $19.96M | $-3.81M | $-2.07M | $1.38M | $-106.27K | $-5.13M | $-6.88M |
| Net Margin % | 282.0% | -6.3% | -3.3% | 2.1% | -0.2% | -9.6% | -13.6% |
| Basic Shares Outstanding | 554K | 46.2M | 44.4M | 43.1M | 339K | 42.0M | 41.3M |
| Diluted Shares Outstanding | 554K | 46.2M | 44.4M | 45.6M | 339K | 42.0M | 41.3M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $36.79M | $23.79M | $36.23M | $34.39M | $35.00M | $37.59M | $35.70M |
| Accounts Receivable | $9.31M | $9.24M | $7.33M | $10.19M | $8.22M | $6.05M | $5.67M |
| Inventory | $2.77M | $3.43M | $3.25M | $2.97M | $2.80M | $2.65M | $2.06M |
| Other Current Assets | $2.65M | $4.25M | $1.96M | $2.23M | $2.67M | $2.24M | $1.52M |
| Total Current Assets | $51.83M | $41.09M | $49.03M | $49.97M | $48.73M | $48.66M | $45.07M |
| Property Plant & Equipment | $2.44M | $2.58M | $2.05M | $1.44M | $1.48M | $1.42M | $1.12M |
| Intangible Assets | $262.33K | $1.56M | $1.83M | $1.79M | $2.03M | $2.28M | $2.52M |
| Total Assets | $70.41M | $65.98M | $73.56M | $73.61M | $72.46M | $72.56M | $63.82M |
| Accounts Payable | $14.15M | $19.55M | $24.29M | $15.68M | $16.01M | $15.87M | $15.05M |
| Accrued Liabilities | $15.97M | $22.08M | $14.95M | $18.50M | $20.81M | $21.01M | $14.75M |
| Deferred Revenue | $10.81M | $14.36M | $11.79M | $14.63M | $14.48M | $16.39M | $15.16M |
| Total Current Liabilities | $41.57M | $56.66M | $63.53M | $60.90M | $60.26M | $58.95M | $51.65M |
| Total Liabilities | $47.25M | $62.62M | $73.18M | $74.01M | $76.51M | $78.51M | $65.88M |
| Common Stock | $467.60K | $466.86K | $451.41K | $436.33K | $422.94K | $419.10K | $417.60K |
| Retained Earnings | $-228.60M | $-247.79M | $-238.50M | $-235.64M | $-236.25M | $-235.37M | $-229.46M |
| Treasury Stock | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K |
| Total Stockholders Equity | $23.16M | $1.31M | $-1.78M | $-2.33M | $-5.49M | $-7.72M | $-4.21M |
| Total Liabilities & Equity | $70.41M | $65.98M | $73.56M | $73.61M | $72.46M | $72.56M | $63.82M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $19.96M | $-3.81M | $-2.07M | $1.38M | $-106.27K | $-18.78M | $-6.88M |
| Stock-based Compensation | $2.66M | $7.84M | $4.64M | $2.55M | $3.10M | $9.13M | $6.74M |
| Change in Receivables | $459.23K | $-1.61M | $-887.68K | $1.97M | $2.17M | $772.25K | $390.69K |
| Change in Inventory | $-658.81K | $635.02K | $454.00K | $170.34K | $827.58K | $-114.49K | $-699.21K |
| Change in Payables | $-300.77K | $3.55M | $8.28M | $-330.46K | $142.01K | $4.78M | $3.97M |
| Operating Cash Flow | $-3.28M | $11.56M | $11.71M | $3.07M | $1.57M | $15.94M | $9.74M |
| Capital Expenditure | $155.45K | $1.72M | $917.96K | $122.21K | $225.41K | $1.27M | $817.64K |
| Investing Cash Flow | $17.07M | $-10.16M | $-6.57M | $-2.87M | $-2.72M | $-8.82M | $-5.32M |
| Debt Repayment | - | $18.72M | $2.05M | - | - | - | - |
| Stock Issued | - | $8.70M | - | - | - | - | - |
| Dividends Paid | $776.56K | $2.33M | $1.55M | $776.56K | $776.56K | $2.33M | $1.55M |
| Financing Cash Flow | $-788.56K | $-12.62M | $-3.92M | $-812.56K | $-1.43M | $-2.69M | $-1.86M |
| Net Change in Cash | $13.00M | $-11.22M | $1.22M | $-611.51K | $-2.58M | $4.44M | $2.56M |
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 | $60.17M | - | $186.98M | - |
| Cost of Revenue | $7.41M | - | $23.48M | - |
| Gross Profit | $52.76M | - | $163.49M | - |
| Operating Expenses | $54.73M | - | $164.94M | - |
| Operating Income | $-1.97M | - | $-1.45M | - |
| Interest Expense | $262.46K | - | $1.55M | - |
| Income Before Tax | $-3.39M | - | $-4.15M | - |
| Income Tax Expense | $169.13K | - | $169.13K | - |
| Net Income | $-3.81M | $-7.53M | $-5.61M | - |
| Basic Shares Outstanding | $46.16M | - | $44.58M | - |
| Diluted Shares Outstanding | $46.16M | - | $44.58M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $23.79M | $35.00M |
| Accounts Receivable | $9.24M | $10.85M |
| Inventory | $3.43M | $2.80M |
| Other Current Assets | $4.25M | $3.67M |
| Total Current Assets | $41.09M | $52.37M |
| Property Plant & Equipment | $2.58M | $1.48M |
| Intangible Assets | $1.56M | $2.03M |
| Total Assets | $65.98M | $76.10M |
| Accounts Payable | $19.55M | $16.01M |
| Accrued Liabilities | $22.08M | $22.81M |
| Deferred Revenue | $14.36M | $19.63M |
| Total Current Liabilities | $56.66M | $67.40M |
| Total Liabilities | $62.62M | $83.65M |
| Common Stock | $466.86K | $422.94K |
| Retained Earnings | $-247.79M | $-239.85M |
| Treasury Stock | $163.70K | $163.70K |
| Total Stockholders Equity | $1.31M | $-9.08M |
| Total Liabilities & Equity | $65.98M | $76.10M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.81M | $-7.53M | $-5.61M | - |
| Stock-based Compensation | - | - | $7.84M | - |
| Change in Receivables | - | - | $-1.61M | - |
| Change in Inventory | - | - | $635.02K | - |
| Change in Payables | - | - | $3.55M | - |
| Operating Cash Flow | - | - | $11.56M | - |
| Capital Expenditure | - | - | $1.72M | - |
| Investing Cash Flow | - | - | $-10.16M | - |
| Debt Repayment | - | - | $18.72M | - |
| Stock Issued | $8.70M | - | $8.72M | - |
| Dividends Paid | - | - | $2.33M | - |
| Financing Cash Flow | - | - | $-12.62M | - |
| Net Change in Cash | - | - | $-11.22M | - |
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.