Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 -26.7% Revenue growth, 20243 Where the money goes Where each dollar of revenue went, fiscal 2024 Cost of revenue Other costs
Cost of revenue 76¢ $16.8M Other costs 24¢ $5.2M Out of $22.0M in revenue.3
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 3 $22.0M in 2024−32% since 2019 0 $20.0M $40.0M $60.0M 2019: $32.2M $32.2M 2019 2020: $29.2M $29.2M 2020 −9% 2021: $39.2M $39.2M 2021 +34% 2022: $43.1M $43.1M 2022 +10% 2023: $29.9M $29.9M 2023 −31% 2024: $22.0M $22.0M 2024 −27% Operating income4 5 6 7 3 -$14.6M in 2024-$20.0M -$10.0M 0 $10.0M 2019: $2.3M $2.3M 2019 2020: -$6.3M -$6.3M 2020 2021: $5.5M $5.5M 2021 2022: $2.9M $2.9M 2022 −48% 2023: -$14.0M -$14.0M 2023 2024: -$14.6M -$14.6M 2024 +5% Net income4 5 6 7 3 -$14.4M in 2024-$20.0M -$10.0M 0 $10.0M $20.0M 2019: $2.3M $2.3M 2019 2020: -$6.2M -$6.2M 2020 2021: $12.8M $12.8M 2021 2022: $2.4M $2.4M 2022 −81% 2023: -$19.6M -$19.6M 2023 2024: -$14.4M -$14.4M 2024 −27% Revenue8 9 $4.0M in Q3 FY2025−13% since Q2 FY2024 0 $2.0M $4.0M $6.0M Q2 FY2024: $4.6M $4.6M Q2 FY2024 Q3 FY2025: $4.0M $4.0M Q3 FY2025 −13% Operating income8 9 -$2.0M in Q3 FY2025−22% since Q2 FY2024 -$3.0M -$2.0M -$1.0M 0 Q2 FY2024: -$2.5M -$2.5M Q2 FY2024 Q3 FY2025: -$2.0M -$2.0M Q3 FY2025 −22% Net income8 9 -$2.0M in Q3 FY2025−8% since Q2 FY2024 -$3.0M -$2.0M -$1.0M 0 Q2 FY2024: -$2.1M -$2.1M Q2 FY2024 Q3 FY2024: -$2.1M -$2.1M Q3 FY2024 +0% Q2 FY2024: -$2.5M -$2.5M Q2 FY2024 +19% Q3 FY2024: -$2.5M -$2.5M Q3 FY2024 +0% Q3 FY2025: -$2.0M -$2.0M Q3 FY2025 −22% Fiscal year 2018 2019 2020 2021 2022 2023 2024 Revenue $32.2M4 $29.2M5 $39.2M6 $43.1M7 $29.9M3 $22.0M3 Cost of revenue $17.4M4 $21.2M5 $20.8M6 $22.8M7 $25.2M3 $16.8M3 Gross profit Research and development $2.1K4 $04 Operating income $2.3M4 -$6.3M5 $5.5M6 $2.9M7 -$14.0M3 -$14.6M3 Interest $2.2K4 $8845 $9.0K6 $06 Income tax -$1.4K4 $1.7K5 -$6.3M6 $518.5K7 $5.9M3 $03 Net income $2.3M4 -$6.2M5 $12.8M6 $2.4M7 -$19.6M3 -$14.4M3 Earnings per share $0.104 -$0.225 $0.446 $0.087 -$6.453 -$4.733 Earnings per share (diluted) $0.104 -$0.225 $0.426 $0.087 -$6.453 -$4.733
Total assets10 4 5 6 7 3 $41.0M in 2024+4% since 2018 0 $20.0M $40.0M $60.0M $80.0M 2018: $39.5M $39.5M 2018 2019: $51.1M $51.1M 2019 +30% 2020: $48.9M $48.9M 2020 −4% 2021: $64.9M $64.9M 2021 +33% 2022: $69.2M $69.2M 2022 +7% 2023: $49.0M $49.0M 2023 −29% 2024: $41.0M $41.0M 2024 −16% Total liabilities10 4 5 6 7 3 $15.3M in 2024+171% since 2018 0 $5.0M $10.0M $15.0M $20.0M 2018: $5.7M $5.7M 2018 2019: $4.9M $4.9M 2019 −13% 2020: $7.5M $7.5M 2020 +51% 2021: $9.2M $9.2M 2021 +24% 2022: $9.7M $9.7M 2022 +5% 2023: $9.3M $9.3M 2023 −4% 2024: $15.3M $15.3M 2024 +65% Shareholders’ equity4 5 6 7 3 $25.6M in 2024−25% since 2018 0 $20.0M $40.0M $60.0M 2018: $34.3M $34.3M 2018 2019: $46.2M $46.2M 2019 +35% 2020: $41.4M $41.4M 2020 −10% 2021: $55.7M $55.7M 2021 +34% 2022: $59.6M $59.6M 2022 +7% 2023: $39.8M $39.8M 2023 −33% 2024: $25.6M $25.6M 2024 −36% Cash10 4 5 6 7 3 $4.1M in 2024+22% since 2018 0 $10.0M $20.0M $30.0M 2018: $3.4M $3.4M 2018 2019: $12.5M $12.5M 2019 +267% 2020: $14.0M $14.0M 2020 +12% 2021: $21.3M $21.3M 2021 +52% 2022: $15.7M $15.7M 2022 −26% 2023: $10.4M $10.4M 2023 −33% 2024: $4.1M $4.1M 2024 −60% Total assets8 9 $29.1M in Q3 FY2025−21% since Q2 FY2024 0 $10.0M $20.0M $30.0M $40.0M Q2 FY2024: $36.6M $36.6M Q2 FY2024 Q3 FY2025: $29.1M $29.1M Q3 FY2025 −21% Total liabilities8 9 $10.0M in Q3 FY2025−36% since Q2 FY2024 0 $5.0M $10.0M $15.0M $20.0M Q2 FY2024: $15.6M $15.6M Q2 FY2024 Q3 FY2025: $10.0M $10.0M Q3 FY2025 −36% Shareholders’ equity8 9 $19.1M in Q3 FY2025−19% since Q2 FY2024 0 $10.0M $20.0M $30.0M Q2 FY2024: $23.6M $23.6M Q2 FY2024 Q3 FY2024: $23.6M $23.6M Q3 FY2024 +0% Q2 FY2024: $21.1M $21.1M Q2 FY2024 −11% Q3 FY2024: $21.1M $21.1M Q3 FY2024 +0% Q3 FY2025: $19.1M $19.1M Q3 FY2025 −9% Cash8 9 $1.3M in Q3 FY2025−17% since Q2 FY2024 0 $500.0K $1.0M $1.5M $2.0M Q2 FY2024: $1.5M $1.5M Q2 FY2024 Q3 FY2025: $1.3M $1.3M Q3 FY2025 −17% Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash $3.4M10 $12.5M4 $14.0M5 $21.3M6 $15.7M7 $10.4M3 $4.1M3 Current assets $17.1M10 $27.9M4 $23.9M5 $35.8M6 $35.9M7 $24.7M3 $18.8M3 Total assets $39.5M10 $51.1M4 $48.9M5 $64.9M6 $69.2M7 $49.0M3 $41.0M3 Current liabilities $4.8M10 $4.7M4 $6.5M5 $5.6M6 $6.8M7 $7.2M3 $14.1M3 Long-term debt $07 Total liabilities $5.7M10 $4.9M4 $7.5M5 $9.2M6 $9.7M7 $9.3M3 $15.3M3 Shareholders’ equity $34.3M4 $46.2M5 $41.4M6 $55.7M7 $59.6M3 $39.8M3 $25.6M3 Shares outstanding 21.7M shares10 29.0M shares10 29.0M shares4 29.9M shares5 30.5M shares6 30.5M shares7 3.1M shares3
Cash from operations4 5 6 7 3 -$7.4M in 2024-$10.0M -$5.0M 0 $5.0M $10.0M 2019: $916.8K $916.8K 2019 2020: $249.2K $249.2K 2020 −73% 2021: $6.5M $6.5M 2021 +2498% 2022: $572.6K $572.6K 2022 −91% 2023: -$3.9M -$3.9M 2023 2024: -$7.4M -$7.4M 2024 +90% Capital spending4 5 6 7 3 $953.6K in 2024+164% since 2019 0 $500.0K $1.0M $1.5M 2019: $361.4K $361.4K 2019 2020: $458.9K $458.9K 2020 +27% 2021: $437.1K $437.1K 2021 −5% 2022: $1.5M $1.5M 2022 +242% 2023: $1.2M $1.2M 2023 −18% 2024: $953.6K $953.6K 2024 −22% Free cash flow4 5 6 7 3 -$8.3M in 2024-$10.0M -$5.0M 0 $5.0M $10.0M 2019: $555.4K $555.4K 2019 2020: -$209.7K -$209.7K 2020 2021: $6.0M $6.0M 2021 2022: -$923.9K -$923.9K 2022 2023: -$5.1M -$5.1M 2023 +453% 2024: -$8.3M -$8.3M 2024 +63% Share buybacks6 7 3 $0 in 20240 $200.0K $400.0K $600.0K 2021: $0 $0 2021 2022: $38.2K $38.2K 2022 2023: $451.8K $451.8K 2023 +1084% 2024: $0 $0 2024 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 $916.8K4 $249.2K5 $6.5M6 $572.6K7 -$3.9M3 -$7.4M3 Capital spending $361.4K4 $458.9K5 $437.1K6 $1.5M7 $1.2M3 $953.6K3 Free cash flow $555.4K -$209.7K $6.0M -$923.9K -$5.1M -$8.3M Share buybacks $06 $38.2K7 $451.8K3 $03
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Former names
C3 INC /NC/ Sep 30, 1997 to Mar 27, 20002
Recent filings
Sep 3, 2026 8-K Jul 30, 2026 8-K Jul 17, 2026 8-K Jul 8, 2026 8-K Jun 26, 2026 8-K May 1, 2026 8-K Apr 20, 2026 8-K Apr 6, 2026 8-K Mar 27, 2026 8-K Mar 12, 2026 8-K/A Mar 4, 2026 8-K Mar 4, 2026 8-K Jan 7, 2026 8-K Dec 5, 2025 8-K Oct 16, 2025 8-K Every filing from the last three years, summarized . The full record is on SEC EDGAR.1
