Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 -3.0% Revenue growth, 20244 Where the money goes Where each dollar of revenue went, fiscal 2024 Cost of revenue Research and development Selling, general and admin
Cost of revenue 19¢ $9.0M Research and development 35¢ $16.7M Selling, general and admin 45¢ $21.3M Income tax 0¢ $66.0K Out of $11.7M in revenue.4 The company lost money this year.
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue5 6 7 8 4 $11.7M in 2024+106% since 2018 0 $5.0M $10.0M $15.0M 2018: $5.7M $5.7M 2018 2019: $9.3M $9.3M 2019 +64% 2020: $11.2M $11.2M 2020 +20% 2021: $11.8M $11.8M 2021 +6% 2022: $12.8M $12.8M 2022 +8% 2023: $12.1M $12.1M 2023 −5% 2024: $11.7M $11.7M 2024 −3% Gross profit5 6 7 8 4 $2.7M in 2024+9% since 2018 -$2.0M 0 $2.0M $4.0M $6.0M 2018: $2.5M $2.5M 2018 2019: $4.4M $4.4M 2019 +77% 2020: $4.5M $4.5M 2020 +1% 2021: -$381.0K -$381.0K 2021 2022: $3.3M $3.3M 2022 2023: $2.5M $2.5M 2023 −23% 2024: $2.7M $2.7M 2024 +6% Operating income5 6 7 8 4 -$35.3M in 2024−56% since 2018 -$100.0M -$75.0M -$50.0M -$25.0M 0 2018: -$80.4M -$80.4M 2018 2019: -$72.8M -$72.8M 2019 −9% 2020: -$63.7M -$63.7M 2020 −13% 2021: -$71.6M -$71.6M 2021 +12% 2022: -$62.8M -$62.8M 2022 −12% 2023: -$54.0M -$54.0M 2023 −14% 2024: -$35.3M -$35.3M 2024 −35% Net income5 6 7 8 4 -$50.0M in 2024−43% since 2018 -$100.0M -$75.0M -$50.0M -$25.0M 0 2018: -$88.3M -$88.3M 2018 2019: -$84.3M -$84.3M 2019 −5% 2020: -$78.2M -$78.2M 2020 −7% 2021: -$77.7M -$77.7M 2021 −1% 2022: -$62.5M -$62.5M 2022 −20% 2023: -$61.6M -$61.6M 2023 −1% 2024: -$50.0M -$50.0M 2024 −19%
Revenue9 10 11 $3.0M in Q3 FY2024+2% since Q1 FY2024 0 $1.0M $2.0M $3.0M Q1 FY2024: $2.9M $2.9M Q1 FY2024 Q2 FY2024: $3.0M $3.0M Q2 FY2024 +2% Q3 FY2024: $3.0M $3.0M Q3 FY2024 −0% Gross profit9 10 11 $856.0K in Q3 FY2024+18% since Q1 FY2024 0 $250.0K $500.0K $750.0K $1.0M Q1 FY2024: $723.0K $723.0K Q1 FY2024 Q2 FY2024: $676.0K $676.0K Q2 FY2024 −7% Q3 FY2024: $856.0K $856.0K Q3 FY2024 +27% Operating income9 10 11 -$8.6M in Q3 FY2024−15% since Q1 FY2024 -$15.0M -$10.0M -$5.0M 0 Q1 FY2024: -$10.2M -$10.2M Q1 FY2024 Q2 FY2024: -$8.6M -$8.6M Q2 FY2024 −15% Q3 FY2024: -$8.6M -$8.6M Q3 FY2024 +0% Net income9 10 11 -$14.6M in Q3 FY2024+3% since Q1 FY2024 -$15.0M -$10.0M -$5.0M 0 Q1 FY2024: -$14.2M -$14.2M Q1 FY2024 Q2 FY2024: -$11.6M -$11.6M Q2 FY2024 −19% Q3 FY2024: -$14.6M -$14.6M Q3 FY2024 +26%
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Revenue $5.7M5 $9.3M6 $11.2M7 $11.8M8 $12.8M8 $12.1M4 $11.7M4 Cost of revenue $3.2M5 $4.9M6 $6.7M7 $12.2M8 $9.4M8 $9.5M4 $9.0M4 Gross profit $2.5M5 $4.4M6 $4.5M7 -$381.0K8 $3.3M8 $2.5M4 $2.7M4 Research and development $27.6M5 $25.3M6 $21.3M7 $21.9M8 $26.9M8 $25.4M4 $16.7M4 Selling, general and admin $55.2M5 $51.9M6 $46.9M7 $49.2M8 $39.2M8 $31.2M4 $21.3M4 Operating income -$80.4M5 -$72.8M6 -$63.7M7 -$71.6M8 -$62.8M8 -$54.0M4 -$35.3M4 Interest $14.3M6 $15.6M6 $15.5M6 Income tax $211.0K5 -$111.0K6 $5.0K7 $45.0K8 -$77.0K8 $850.0K4 -$66.0K4 Net income -$88.3M5 -$84.3M6 -$78.2M7 -$77.7M8 -$62.5M8 -$61.6M4 -$50.0M4 Earnings per share -$1.556 -$1.407 -$12.598 -$7.618 -$4.944 -$2.154 Earnings per share (diluted) -$1.556 -$1.407 -$12.598 -$7.618 -$4.944 -$2.154
Total assets12 5 6 7 8 4 $28.6M in 2024−85% since 2018 0 $50.0M $100.0M $150.0M $200.0M 2018: $185.3M $185.3M 2018 2019: $134.4M $134.4M 2019 −27% 2020: $93.4M $93.4M 2020 −30% 2021: $83.0M $83.0M 2021 −11% 2022: $65.0M $65.0M 2022 −22% 2023: $31.4M $31.4M 2023 −52% 2024: $28.6M $28.6M 2024 −9% Total liabilities12 5 6 7 8 4 $84.6M in 2024−34% since 2018 0 $50.0M $100.0M $150.0M $200.0M 2018: $127.9M $127.9M 2018 2019: $141.8M $141.8M 2019 +11% 2020: $156.2M $156.2M 2020 +10% 2021: $118.1M $118.1M 2021 −24% 2022: $87.3M $87.3M 2022 −26% 2023: $51.3M $51.3M 2023 −41% 2024: $84.6M $84.6M 2024 +65% Shareholders’ equity6 7 8 4 -$56.0M in 2024-$100.0M -$50.0M 0 $50.0M $100.0M 2018: $57.4M $57.4M 2018 2019: -$7.4M -$7.4M 2019 2020: -$62.9M -$62.9M 2020 +752% 2021: -$35.1M -$35.1M 2021 −44% 2022: -$22.3M -$22.3M 2022 −37% 2023: -$19.9M -$19.9M 2023 −11% 2024: -$56.0M -$56.0M 2024 +182% Cash12 5 6 7 8 4 $15.1M in 2024−77% since 2018 0 $20.0M $40.0M $60.0M $80.0M 2018: $66.3M $66.3M 2018 2019: $61.0M $61.0M 2019 −8% 2020: $35.8M $35.8M 2020 −41% 2021: $39.9M $39.9M 2021 +12% 2022: $34.9M $34.9M 2022 −13% 2023: $12.1M $12.1M 2023 −65% 2024: $15.1M $15.1M 2024 +24% Long-term debt5 6 $0 in 20210 $2.0M $4.0M $6.0M 2019: $0 $0 2019 2020: $4.7M $4.7M 2020 2021: $0 $0 2021
Total assets10 11 9 $32.3M in Q3 FY2024+3% since Q2 FY2023 0 $10.0M $20.0M $30.0M $40.0M Q2 FY2023: $31.4M $31.4M Q2 FY2023 Q3 FY2023: $31.4M $31.4M Q3 FY2023 +0% Q1 FY2024: $30.7M $30.7M Q1 FY2024 −2% Q2 FY2024: $22.9M $22.9M Q2 FY2024 −26% Q3 FY2024: $32.3M $32.3M Q3 FY2024 +41% Total liabilities10 11 9 $80.8M in Q3 FY2024+58% since Q2 FY2023 0 $25.0M $50.0M $75.0M $100.0M Q2 FY2023: $51.3M $51.3M Q2 FY2023 Q3 FY2023: $51.3M $51.3M Q3 FY2023 +0% Q1 FY2024: $56.5M $56.5M Q1 FY2024 +10% Q2 FY2024: $57.8M $57.8M Q2 FY2024 +2% Q3 FY2024: $80.8M $80.8M Q3 FY2024 +40% Shareholders’ equity10 11 9 -$48.5M in Q3 FY2024+144% since Q2 FY2023 -$60.0M -$40.0M -$20.0M 0 Q2 FY2023: -$19.9M -$19.9M Q2 FY2023 Q3 FY2023: -$19.9M -$19.9M Q3 FY2023 +0% Q1 FY2024: -$25.8M -$25.8M Q1 FY2024 +30% Q2 FY2024: -$34.9M -$34.9M Q2 FY2024 +35% Q3 FY2024: -$48.5M -$48.5M Q3 FY2024 +39% Cash10 11 9 $19.7M in Q3 FY2024+62% since Q2 FY2023 0 $5.0M $10.0M $15.0M $20.0M Q2 FY2023: $12.1M $12.1M Q2 FY2023 Q3 FY2023: $12.1M $12.1M Q3 FY2023 +0% Q1 FY2024: $14.6M $14.6M Q1 FY2024 +20% Q2 FY2024: $8.6M $8.6M Q2 FY2024 −41% Q3 FY2024: $19.7M $19.7M Q3 FY2024 +129%
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash $66.3M12 $61.0M5 $35.8M6 $39.9M7 $34.9M8 $12.1M4 $15.1M4 Current assets $177.6M12 $121.9M5 $82.0M6 $73.3M7 $56.0M8 $24.5M4 $22.2M4 Total assets $185.3M12 $134.4M5 $93.4M6 $83.0M7 $65.0M8 $31.4M4 $28.6M4 Current liabilities $7.8M12 $8.2M5 $7.0M6 $6.9M7 $66.6M8 $12.0M4 $31.2M4 Long-term debt $05 $4.7M6 $06 Total liabilities $127.9M12 $141.8M5 $156.2M6 $118.1M7 $87.3M8 $51.3M4 $84.6M4 Shareholders’ equity $57.4M6 -$7.4M7 -$62.9M8 -$35.1M8 -$22.3M4 -$19.9M4 -$56.0M4 Shares outstanding 54.2M shares12 54.7M shares5 57.6M shares6 67.6M shares7 9.7M shares8 14.6M shares4 25.2M shares4
Cash from operations5 6 7 8 4 -$24.2M in 2024−64% since 2018 -$80.0M -$60.0M -$40.0M -$20.0M 0 2018: -$67.8M -$67.8M 2018 2019: -$64.8M -$64.8M 2019 −4% 2020: -$50.4M -$50.4M 2020 −22% 2021: -$47.3M -$47.3M 2021 −6% 2022: -$48.7M -$48.7M 2022 +3% 2023: -$40.2M -$40.2M 2023 −18% 2024: -$24.2M -$24.2M 2024 −40% Share buybacks5 $0 in 20200 $20.0M $40.0M $60.0M 2018: $45.1M $45.1M 2018 2019: $0 $0 2019 2020: $0 $0 2020
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash from operations -$67.8M5 -$64.8M6 -$50.4M7 -$47.3M8 -$48.7M8 -$40.2M4 -$24.2M4 Share buybacks $45.1M5 $05 $05
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Former names
ACCELR8 TECHNOLOGY CORP Dec 15, 1995 to Dec 26, 20123
Timeline
Dec 26, 2012 Went public Listed on NASDAQ1 1987 Founded Founded1
Recent filings
Aug 18, 2025 8-K Jun 25, 2025 3 OWNERSHIP DOCUMENTJun 4, 2025 8-K May 28, 2025 8-K May 12, 2025 8-K May 8, 2025 8-K May 1, 2025 3 OWNERSHIP DOCUMENTApr 30, 2025 10-K/A Apr 25, 2025 8-K Apr 15, 2025 8-K Apr 7, 2025 4 OWNERSHIP DOCUMENTApr 7, 2025 4 OWNERSHIP DOCUMENTApr 2, 2025 4 OWNERSHIP DOCUMENTMar 21, 2025 10-K Mar 21, 2025 8-K
Every filing from the last three years, summarized . The full record is on SEC EDGAR.2