$195.17M
Revenue
$15.47M
Net Income
85.80%
Gross Margin
-3.36%
Op. Margin
$20.15M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $195.17M | $194.06M | $212.45M | $152.55M | $119.03M | $92.88M | $37.29M | $12.47M | $8.32M | $5.05M | $5.24M | $1.22M | $714.16K | $808.36K |
| Revenue Growth % | 0.6% | -8.7% | 39.3% | 28.2% | 28.2% | 149.0% | 199.1% | 49.8% | 64.7% | -3.5% | 329.8% | 70.7% | -11.7% | nan% |
| Cost of Revenue | $27.71M | $27.71M | $24.07M | $18.90M | $18.67M | $18.00M | $8.91M | $3.27M | $1.97M | $1.48M | $1.95M | $247.77K | $172.85K | $181.30K |
| Gross Profit | $167.45M | $166.34M | $188.39M | $133.65M | $100.37M | $74.88M | $28.39M | $9.20M | $6.36M | $3.57M | $3.29M | $971.09K | $541.31K | $627.06K |
| Gross Margin % | 85.8% | 85.7% | 88.7% | 87.6% | 84.3% | 80.6% | 76.1% | 73.8% | 76.3% | 70.6% | 62.9% | 79.7% | 75.8% | 77.6% |
| Operating Expenses | $174.01M | $174.01M | $204.53M | $148.14M | $143.81M | $129.18M | $86.21M | $12.09M | $8.41M | $4.64M | $4.47M | $1.23M | - | - |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | $23.93K | - | - |
| Operating Income | $-6.56M | $-7.67M | $-16.14M | $-14.49M | $-43.45M | $-54.30M | $-57.82M | $-2.89M | $-2.06M | $-1.07M | $-1.17M | $-262.22K | $-530.88K | $-546.41K |
| Operating Margin % | -3.4% | -4.0% | -7.6% | -9.5% | -36.5% | -58.5% | -155.0% | -23.2% | -24.7% | -21.1% | -22.4% | -21.5% | -74.3% | -67.6% |
| Interest Expense | $1.36M | $1.36M | $2.18M | $2.60M | $1.28M | $3.02M | $1.67M | $761.15K | $354.39K | $100.52K | $48.61K | $37.48K | $4.68K | $3.38K |
| Other Income/Expense | - | - | - | - | - | - | $-2.58M | $-761.15K | - | $502.83K | - | - | - | - |
| Income Before Tax | - | $-10.19M | $-18.33M | $-17.41M | $-44.66M | $-61.32M | $-60.40M | $-3.65M | $-1.48M | $-1.38M | $-1.22M | $-172.43K | $-477.69K | $-285.46K |
| Income Tax Expense | - | $45.72K | $402.00K | $428.00K | $360.70K | $7.70K | $122.50K | $-122.50K | $-124.70K | - | - | - | - | - |
| Net Income | $15.47M | $14.35M | $-18.88M | $-20.60M | $-45.54M | $-60.90M | $-58.65M | $-3.14M | $-1.24M | $-1.21M | $-1.11M | $-61.99K | $-460.49K | $-268.26K |
| Net Margin % | 7.9% | 7.4% | -8.9% | -13.5% | -38.3% | -65.6% | -157.3% | -25.2% | -14.9% | -23.9% | -21.1% | -5.1% | -64.5% | -33.2% |
| Basic EPS | nan | 0.25 | -0.60 | nan | nan | nan | nan | nan | nan | -0.03 | -0.03 | nan | nan | nan |
| Diluted EPS | nan | 0.25 | -0.60 | nan | nan | nan | nan | nan | nan | -0.03 | -0.03 | nan | nan | nan |
| Basic Shares Outstanding | 554K | 45.1M | 41.2M | 33.9M | 31.0M | 27.0M | 14.3M | 49.5M | 44.2M | 41.7M | 33.5M | 30.8M | - | - |
| Diluted Shares Outstanding | 554K | 45.1M | 41.2M | 33.9M | 31.0M | 27.0M | 14.3M | 49.5M | 44.2M | 41.7M | 33.5M | 30.8M | - | - |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $36.79M | $35.00M | $33.15M | $3.96M | $41.33M | $9.18M | $1.11M | $180.09K | $141.38K | $182.56K | $232.98K | $75.50K | $155.06K |
| Accounts Receivable | $9.31M | $8.22M | $5.28M | $2.83M | $980.05K | $648.42K | $97.45K | $99.05K | $398.77K | $444.74K | $154.44K | $14.97K | $77.47K |
| Inventory | $2.77M | $2.80M | $2.76M | $3.70M | $1.62M | $1.26M | $950.06K | $1.02M | $707.16K | $160.27K | $61.05K | $41.01K | $86.19K |
| Other Current Assets | $2.65M | $2.67M | $934.51K | $687.02K | $793.19K | $154.88K | $442.97K | $270.01K | - | - | - | - | - |
| Total Current Assets | $51.83M | $48.73M | $42.60M | $11.31M | $44.92M | $12.06M | $2.75M | $1.61M | $1.26M | $789.82K | $448.47K | $131.47K | $450.73K |
| Property Plant & Equipment | $2.44M | $1.48M | $476.30K | $476.44K | $233.81K | - | - | - | - | - | - | $43.75K | $100.72K |
| Intangible Assets | $262.33K | $2.03M | $3.01M | $3.83M | $19.76K | $339.84K | $675.45K | $1.01M | - | - | - | - | - |
| Total Assets | $70.41M | $72.46M | $58.48M | $25.67M | $49.92M | $13.05M | $3.45M | $2.62M | $1.26M | - | $448.47K | $175.22K | $551.45K |
| Accounts Payable | $14.15M | $16.01M | $11.08M | $10.11M | $9.06M | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $15.97M | $20.81M | $13.94M | $12.17M | $11.60M | - | - | - | - | - | - | - | - |
| Deferred Revenue | $10.81M | $14.48M | $8.83M | $5.55M | $1.50M | - | $109.55K | $75.98K | - | - | - | - | - |
| Total Current Liabilities | $41.57M | $60.26M | $34.78M | $31.37M | $22.83M | $13.49M | $3.98M | $1.19M | $640.97K | $1.15M | $267.48K | $301.52K | $325.56K |
| Deferred Tax Liabilities | - | - | - | - | - | - | $70.00K | - | - | - | - | - | - |
| Total Liabilities | $47.25M | $76.51M | $52.91M | $32.97M | $24.10M | $13.88M | $4.58M | $1.80M | $640.97K | - | $267.48K | $314.72K | $355.96K |
| Common Stock | $467.60K | $422.94K | $383.59K | $315.53K | $307.05K | $234.34K | $534.04K | $457.82K | $444.93K | $355.70K | $320.10K | $307.30K | $301.05K |
| Retained Earnings | $-228.60M | $-236.25M | $-214.27M | $-190.56M | $-141.92M | $-80.15M | $-16.59M | $-12.14M | $-10.90M | $-9.69M | $-8.59M | $-8.52M | $-8.06M |
| Treasury Stock | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $163.70K | $87.05K | - | - | - |
| Total Stockholders Equity | $23.16M | $-5.49M | $3.51M | $-11.40M | $22.74M | $-2.30M | $-988.18K | $897.70K | $881.92K | $-355.17K | $100.08K | $-139.50K | $195.49K |
| Total Liabilities & Equity | $70.41M | $72.46M | $58.48M | $25.67M | $49.92M | $13.05M | $3.45M | $2.62M | $1.26M | $789.82K | $448.47K | $175.22K | $551.45K |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $15.47M | $14.35M | $-18.88M | $-20.60M | $-45.54M | $-60.90M | $-58.65M | $-3.14M | $-1.24M | $-1.21M | $-1.11M | $-61.99K | $-460.49K | $-268.26K |
| Stock-based Compensation | $17.69M | $10.50M | $12.23M | $12.49M | $13.73M | $12.07M | $18.66M | $733.22K | $273.57K | $162.74K | $587.99K | $77.30K | $45.00K | $105.00K |
| Deferred Income Tax | - | - | - | - | $354.00K | - | $-70.00K | $66.00K | - | - | - | $-13.20K | $-17.20K | $-17.20K |
| Change in Receivables | $-63.26K | $-1.15M | $2.94M | $2.44M | $2.19M | $-17.70K | $550.97K | $-1.60K | $-29.14K | $-95.09K | $361.44K | $139.47K | $-62.51K | $27.79K |
| Change in Inventory | $600.55K | $-23.78K | $713.10K | $-405.75K | $2.18M | $409.82K | $314.20K | $-72.56K | $341.36K | $546.89K | $99.22K | $20.04K | $-45.19K | $22.82K |
| Change in Payables | $11.20M | $3.24M | $4.92M | $978.06K | $1.25M | $-893.96K | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $23.06M | $8.28M | $17.51M | $8.82M | $-22.94M | $-33.09M | $-12.13M | $251.41K | $-905.52K | $-817.22K | $-407.91K | $-295.12K | $33.44K | $-259.07K |
| Capital Expenditure | $2.91M | $1.87M | $1.49M | $203.81K | $366.63K | $247.37K | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | $1.01M | - | - | - | $148.56K | - | - | - | - | - |
| Investing Cash Flow | $-2.53M | $6.91M | $-11.54M | $-8.73M | $-13.91M | $-3.40M | $-798.14K | $-100.00K | $141.44K | - | - | - | - | - |
| Debt Repayment | - | $18.72M | - | - | - | $15.00M | - | $284.07K | - | - | - | - | - | - |
| Stock Issued | - | $8.72M | - | $10.00M | - | - | $2.34M | $350.00K | - | $-76.65K | $-87.05K | $-10.80K | - | $175.00K |
| Stock Repurchased | - | $270.00K | - | - | - | - | - | $350.00K | - | $76.65K | - | - | - | - |
| Dividends Paid | $5.44M | $3.11M | $3.11M | $3.11M | $3.11M | $871.48K | - | - | - | - | - | $10.80K | - | - |
| Financing Cash Flow | $-18.14M | $-13.41M | $-4.12M | $29.10M | $-528.20K | $68.64M | $21.00M | $775.12K | $802.79K | $776.03K | $357.49K | $325.35K | $-113.00K | $315.20K |
| Net Change in Cash | $2.39M | $1.78M | $1.86M | $29.19M | $-37.37M | $32.15M | $8.07M | $926.53K | $38.71K | $-41.18K | $-50.42K | $157.49K | $-79.56K | $56.13K |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.