Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025 2.3% Revenue growth, 20253 Where the money goes Where each dollar of revenue went, fiscal 2025 Cost of revenue Selling, general and admin
Cost of revenue 62¢ $36.6M Selling, general and admin 30¢ $17.8M Income tax 2¢ $1.1M Profit 6¢ $3.5M Out of $59.1M in revenue.3
Where each dollar of operating cash went, fiscal 2025 Capital spending Share buybacks
Capital spending 16¢ $639.0K Share buybacks 84¢ $3.3M Out of $2.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 8 3 $59.1M in 2025+27% since 2019 0 $50.0M $100.0M $150.0M 2019: $46.7M $46.7M 2019 2020: $102.7M $102.7M 2020 +120% 2021: $68.6M $68.6M 2021 −33% 2022: $62.0M $62.0M 2022 −10% 2023: $61.2M $61.2M 2023 −1% 2024: $57.8M $57.8M 2024 −6% 2025: $59.1M $59.1M 2025 +2% Gross profit4 5 6 7 8 3 $22.5M in 2025+33% since 2019 0 $20.0M $40.0M $60.0M 2019: $17.0M $17.0M 2019 2020: $50.5M $50.5M 2020 +197% 2021: $25.3M $25.3M 2021 −50% 2022: $21.7M $21.7M 2022 −14% 2023: $22.8M $22.8M 2023 +5% 2024: $22.9M $22.9M 2024 +0% 2025: $22.5M $22.5M 2025 −2% Operating income4 5 6 7 8 3 $3.8M in 2025+27% since 2019 0 $10.0M $20.0M $30.0M $40.0M 2019: $3.0M $3.0M 2019 2020: $31.6M $31.6M 2020 +945% 2021: $7.9M $7.9M 2021 −75% 2022: $4.7M $4.7M 2022 −41% 2023: $4.1M $4.1M 2023 −11% 2024: $3.4M $3.4M 2024 −17% 2025: $3.8M $3.8M 2025 +11% Net income4 5 6 7 8 3 $3.5M in 2025+18% since 2019 0 $10.0M $20.0M $30.0M 2019: $3.0M $3.0M 2019 2020: $26.9M $26.9M 2020 +796% 2021: $6.8M $6.8M 2021 −75% 2022: $3.3M $3.3M 2022 −51% 2023: $4.2M $4.2M 2023 +28% 2024: $3.9M $3.9M 2024 −6% 2025: $3.5M $3.5M 2025 −10%
Revenue9 10 $18.7M in Q2 FY2026+28% since Q1 FY2026 0 $5.0M $10.0M $15.0M $20.0M Q1 FY2026: $14.6M $14.6M Q1 FY2026 Q2 FY2026: $18.7M $18.7M Q2 FY2026 +28% Gross profit9 10 $7.0M in Q2 FY2026+27% since Q1 FY2026 0 $2.0M $4.0M $6.0M $8.0M Q1 FY2026: $5.5M $5.5M Q1 FY2026 Q2 FY2026: $7.0M $7.0M Q2 FY2026 +27% Operating income9 10 $2.0M in Q2 FY2026+247% since Q1 FY2026 0 $1.0M $2.0M $3.0M Q1 FY2026: $580.0K $580.0K Q1 FY2026 Q2 FY2026: $2.0M $2.0M Q2 FY2026 +247% Net income9 10 $1.8M in Q2 FY2026+160% since Q1 FY2026 0 $500.0K $1.0M $1.5M $2.0M Q1 FY2026: $702.0K $702.0K Q1 FY2026 Q2 FY2026: $702.0K $702.0K Q2 FY2026 +0% Q2 FY2026: $1.8M $1.8M Q2 FY2026 +160%
Fiscal year 2019 2020 2021 2022 2023 2024 2025 Revenue $46.7M4 $102.7M5 $68.6M6 $62.0M7 $61.2M8 $57.8M3 $59.1M3 Cost of revenue $29.7M4 $52.2M5 $43.3M6 $40.3M7 $38.4M8 $34.9M3 $36.6M3 Gross profit $17.0M4 $50.5M5 $25.3M6 $21.7M7 $22.8M8 $22.9M3 $22.5M3 Research and development Selling, general and admin $13.3M4 $18.2M5 $16.6M6 $16.2M7 $17.8M8 $18.6M3 $17.8M3 Operating income $3.0M4 $31.6M5 $7.9M6 $4.7M7 $4.1M8 $3.4M3 $3.8M3 Income tax $680.0K4 $5.4M5 $1.7M6 $1.1M7 $1.2M8 $1.1M3 $1.1M3 Net income $3.0M4 $26.9M5 $6.8M6 $3.3M7 $4.2M8 $3.9M3 $3.5M3 Earnings per share $0.234 $2.005 $0.516 $0.267 $0.358 $0.353 $0.343 Earnings per share (diluted) $0.234 $1.925 $0.506 $0.267 $0.358 $0.353 $0.333
Total assets4 5 6 7 8 3 $74.1M in 2025+95% since 2019 0 $20.0M $40.0M $60.0M $80.0M 2019: $38.1M $38.1M 2019 2020: $68.7M $68.7M 2020 +80% 2021: $67.0M $67.0M 2021 −2% 2022: $64.8M $64.8M 2022 −3% 2023: $68.8M $68.8M 2023 +6% 2024: $73.7M $73.7M 2024 +7% 2025: $74.1M $74.1M 2025 +1% Total liabilities4 5 6 7 8 3 $11.7M in 2025+140% since 2019 0 $5.0M $10.0M $15.0M 2019: $4.9M $4.9M 2019 2020: $9.1M $9.1M 2020 +88% 2021: $5.3M $5.3M 2021 −42% 2022: $4.0M $4.0M 2022 −23% 2023: $7.2M $7.2M 2023 +78% 2024: $11.5M $11.5M 2024 +60% 2025: $11.7M $11.7M 2025 +1% Shareholders’ equity5 6 7 8 3 $62.5M in 2025+90% since 2019 0 $20.0M $40.0M $60.0M $80.0M 2019: $32.9M $32.9M 2019 2020: $58.8M $58.8M 2020 +78% 2021: $61.8M $61.8M 2021 +5% 2022: $60.8M $60.8M 2022 −2% 2023: $61.6M $61.6M 2023 +1% 2024: $62.2M $62.2M 2024 +1% 2025: $62.5M $62.5M 2025 +0% Cash4 5 6 7 8 3 $17.0M in 2025+159% since 2019 0 $10.0M $20.0M $30.0M 2019: $6.5M $6.5M 2019 2020: $23.3M $23.3M 2020 +256% 2021: $16.3M $16.3M 2021 −30% 2022: $16.3M $16.3M 2022 −0% 2023: $20.4M $20.4M 2023 +25% 2024: $18.6M $18.6M 2024 −9% 2025: $17.0M $17.0M 2025 −9%
Total assets9 10 $75.3M in Q2 FY2026+2% since Q1 FY2025 0 $20.0M $40.0M $60.0M $80.0M Q1 FY2025: $74.1M $74.1M Q1 FY2025 Q2 FY2025: $74.1M $74.1M Q2 FY2025 +0% Q1 FY2026: $73.0M $73.0M Q1 FY2026 −2% Q2 FY2026: $75.3M $75.3M Q2 FY2026 +3% Total liabilities9 10 $10.4M in Q2 FY2026−11% since Q1 FY2025 0 $5.0M $10.0M $15.0M Q1 FY2025: $11.7M $11.7M Q1 FY2025 Q2 FY2025: $11.7M $11.7M Q2 FY2025 +0% Q1 FY2026: $10.0M $10.0M Q1 FY2026 −14% Q2 FY2026: $10.4M $10.4M Q2 FY2026 +5% Shareholders’ equity9 10 $64.9M in Q2 FY2026+4% since Q1 FY2025 0 $20.0M $40.0M $60.0M $80.0M Q1 FY2025: $62.5M $62.5M Q1 FY2025 Q2 FY2025: $62.5M $62.5M Q2 FY2025 +0% Q1 FY2026: $63.0M $63.0M Q1 FY2026 +1% Q2 FY2026: $63.0M $63.0M Q2 FY2026 +0% Q2 FY2026: $64.9M $64.9M Q2 FY2026 +3% Cash9 10 $18.9M in Q2 FY2026+11% since Q1 FY2025 0 $5.0M $10.0M $15.0M $20.0M Q1 FY2025: $17.0M $17.0M Q1 FY2025 Q2 FY2025: $17.0M $17.0M Q2 FY2025 +0% Q1 FY2026: $16.9M $16.9M Q1 FY2026 −1% Q2 FY2026: $18.9M $18.9M Q2 FY2026 +12%
Fiscal year 2019 2020 2021 2022 2023 2024 2025 Cash $6.5M4 $23.3M5 $16.3M6 $16.3M7 $20.4M8 $18.6M3 $17.0M3 Current assets $26.1M4 $55.2M5 $53.0M6 $52.6M7 $53.1M8 $50.6M3 $52.5M3 Total assets $38.1M4 $68.7M5 $67.0M6 $64.8M7 $68.8M8 $73.7M3 $74.1M3 Current liabilities $2.3M4 $5.9M5 $2.7M6 $2.4M7 $2.6M8 $3.1M3 $4.1M3 Total liabilities $4.9M4 $9.1M5 $5.3M6 $4.0M7 $7.2M8 $11.5M3 $11.7M3 Shareholders’ equity $32.9M5 $58.8M6 $61.8M7 $60.8M8 $61.6M3 $62.2M3 $62.5M3 Shares outstanding 12.9M shares4 13.4M shares5 13.1M shares7 12.2M shares7 11.4M shares8 10.8M shares3 10.1M shares3
Cash from operations4 5 6 7 8 3 $2.4M in 2025−24% since 2019 -$5.0M 0 $5.0M $10.0M $15.0M $20.0M 2019: $3.1M $3.1M 2019 2020: $18.3M $18.3M 2020 +489% 2021: -$480.0K -$480.0K 2021 2022: $4.3M $4.3M 2022 2023: $8.5M $8.5M 2023 +98% 2024: $5.7M $5.7M 2024 −33% 2025: $2.4M $2.4M 2025 −58% Capital spending4 5 6 7 8 3 $639.0K in 2025−51% since 2019 0 $1.0M $2.0M $3.0M $4.0M 2019: $1.3M $1.3M 2019 2020: $1.1M $1.1M 2020 −12% 2021: $2.5M $2.5M 2021 +122% 2022: $492.0K $492.0K 2022 −81% 2023: $792.0K $792.0K 2023 +61% 2024: $3.8M $3.8M 2024 +381% 2025: $639.0K $639.0K 2025 −83% Free cash flow4 5 6 7 8 3 $1.7M in 2025−4% since 2019 -$10.0M 0 $10.0M $20.0M 2019: $1.8M $1.8M 2019 2020: $17.1M $17.1M 2020 +850% 2021: -$3.0M -$3.0M 2021 2022: $3.8M $3.8M 2022 2023: $7.7M $7.7M 2023 +103% 2024: $1.9M $1.9M 2024 −75% 2025: $1.7M $1.7M 2025 −9% Share buybacks4 5 6 7 8 3 $3.3M in 2025+31% since 2019 0 $2.0M $4.0M $6.0M 2019: $2.5M $2.5M 2019 2020: $2.7M $2.7M 2020 +5% 2021: $4.4M $4.4M 2021 +65% 2022: $3.9M $3.9M 2022 −12% 2023: $4.0M $4.0M 2023 +3% 2024: $4.5M $4.5M 2024 +11% 2025: $3.3M $3.3M 2025 −25%
Share buybacks9 10 $99.0K in Q2 FY20260 $25.0K $50.0K $75.0K $100.0K Q1 FY2026: $0 $0 Q1 FY2026 Q2 FY2026: $99.0K $99.0K Q2 FY2026
Fiscal year 2019 2020 2021 2022 2023 2024 2025 Cash from operations $3.1M4 $18.3M5 -$480.0K6 $4.3M7 $8.5M8 $5.7M3 $2.4M3 Capital spending $1.3M4 $1.1M5 $2.5M6 $492.0K7 $792.0K8 $3.8M3 $639.0K3 Free cash flow $1.8M $17.1M -$3.0M $3.8M $7.7M $1.9M $1.7M Share buybacks $2.5M4 $2.7M5 $4.4M6 $3.9M7 $4.0M8 $4.5M3 $3.3M3
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Recent filings
Oct 1, 2026 4 Oct 1, 2026 4 Oct 1, 2026 4 Oct 1, 2026 4 Sep 30, 2026 4 Sep 30, 2026 4 Sep 30, 2026 4 Sep 30, 2026 4/A Sep 30, 2026 4 Sep 29, 2026 4 Sep 29, 2026 4/A Sep 29, 2026 4/A Sep 29, 2026 4/A Sep 29, 2026 4/A Sep 16, 2026 8-K
Every filing from the last three years, summarized . The full record is on SEC EDGAR.1