Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-2109.8%
Next ReportOct 28, 2026
Period
Report
EPS Actual
EPS Est
Surprise
Sept. 30, 2025
$-0.09
—
—
Dec. 31, 2024
$-0.04
—
—
Sept. 30, 2010
$-0.85
$0.05
-1766.7%
June 30, 2010
$-0.60
$0.03
-2452.9%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement18
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$3M
$3M
$4M
$6M
$5M
$7M
$7M
$7M
$12M
$9M
$10M
$10M
Cost of Revenue
$2M
$1M
$2M
$2M
$3M
$3M
$3M
$4M
$5M
$4M
$9M
$8M
Gross Profit
$2M
$1M
$2M
$3M
$3M
$4M
$4M
$4M
$6M
$5M
$1M
$2M
R&D Expense
$663.0K
$694.0K
$729.0K
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$688.0K
$892.0K
SG&A Expense
$3M
$3M
$3M
$4M
$4M
$3M
$3M
$4M
$4M
$3M
$6M
$6M
Operating Expenses
$5M
$5M
$6M
$6M
$7M
$6M
$7M
$8M
$7M
$12M
$21M
$15M
Operating Income
$-4M
$-4M
$-3M
$-3M
$-4M
$-2M
$-3M
$-5M
$-490.0K
$-7M
$-20M
$-13M
Interest Expense
·
·
·
·
·
·
·
·
$34.0K
$81.0K
$182.0K
$243.0K
Interest Income
$2M
$2M
$2M
$718.0K
$160.0K
$613.0K
$1M
$1M
$602.0K
$302.0K
$333.0K
$682.0K
Other Non-op
$-2.0K
$29.0K
$13.0K
$83.0K
$50.0K
$47.0K
$-59.0K
$61.0K
$-36.0K
$128.0K
$-489.0K
$435.0K
Pretax Income
$-2M
$-2M
$-3M
$-3M
$-3M
$-1M
$-2M
$-3M
$-585.0K
$-7M
$-3M
$-5M
Income Tax
$0
$0
$0
·
·
·
·
·
$-2M
$-1M
$-414.0K
$-73.0K
Net Income
$-2M
$-2M
$-3M
$-3M
$-3M
$-1M
$-2M
$-3M
$1M
$-6M
$-2M
$-5M
EPS (Basic)
$-0.14
$-0.21
$-0.31
$-0.25
$-0.31
$-0.12
·
·
·
·
$-0.20
$-0.48
EPS (Diluted)
$-0.14
$-0.21
$-0.31
$-0.25
$-0.31
$-0.12
·
·
·
·
$-0.20
$-0.48
Shares (Basic)
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
10,785,000
Shares (Diluted)
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
10,785,000
EBITDA
$-4M
$-4M
$-3M
$-3M
$-4M
$-2M
$-3M
$-5M
$-490.0K
$-7M
$-20M
$-13M
Balance Sheet26
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$29M
$35M
$38M
$39M
$41M
$46M
$58M
$59M
$64M
$66M
$71M
$51M
Short-term Investments
$5M
·
·
$8M
·
·
·
·
·
$3.0K
$4.0K
$29M
Receivables
$108.0K
$141.0K
$227.0K
$199.0K
$265.0K
$275.0K
$368.0K
$523.0K
$751.0K
$871.0K
$1M
$1M
Prepaid Expense
$103.0K
$69.0K
$54.0K
$60.0K
$401.0K
$88.0K
$112.0K
$122.0K
$390.0K
$547.0K
$545.0K
$564.0K
Other Current Assets
$139.0K
$127.0K
$143.0K
$510.0K
$155.0K
$160.0K
$139.0K
$124.0K
$193.0K
$1M
$271.0K
$325.0K
Current Assets
$35M
$35M
$39M
$48M
$43M
$47M
$59M
$61M
$66M
$69M
$74M
$91M
PP&E (Net)
$92.0K
$101.0K
$111.0K
$103.0K
$88.0K
$22.0K
·
$121.0K
$158.0K
$7.0K
$1M
$2M
PP&E (Gross)
·
·
·
·
·
·
·
·
·
$7.0K
$5M
$5M
Accum. Depreciation
·
·
·
·
·
·
·
·
·
·
$4M
$4M
Intangibles
$4.0K
$7.0K
$13.0K
$19.0K
$12.0K
$4.0K
·
$38.0K
$3.0K
·
$88.0K
$222.0K
Other Non-current Assets
·
·
·
·
·
·
·
·
·
·
$694.0K
$5M
Total Assets
$39M
$42M
$46M
$52M
$56M
$57M
$59M
$61M
$66M
$70M
$81M
$108M
Accounts Payable
$57.0K
$38.0K
$44.0K
$53.0K
$118.0K
$70.0K
$64.0K
$104.0K
$314.0K
$266.0K
$320.0K
$771.0K
Accrued Liabilities
$1M
$745.0K
$1M
$1M
$1M
$2M
$1M
$1M
$2M
$4M
$3M
$3M
Short-term Debt
·
·
·
·
·
·
·
·
·
$2M
$6M
$19M
Current Liabilities
$2M
$2M
$2M
$3M
$3M
$3M
$4M
$3M
$5M
$9M
$13M
$27M
Capital Leases
$93.0K
$84.0K
$495.0K
$893.0K
$1M
$3.0K
$94.0K
·
·
·
·
·
Deferred Tax
·
·
·
·
·
·
·
·
·
$2M
$2M
$2M
Other Non-current Liabilities
·
·
·
·
·
·
·
·
·
$2M
$2M
$2M
Total Liabilities
$2M
$2M
$3M
$4M
$5M
$3M
$4M
$3M
$5M
$11M
$15M
$29M
Total Debt
·
·
·
·
·
·
·
·
·
$2M
$6M
$19M
Retained Earnings
$-246M
$-244M
$-242M
$-238M
$-236M
$-232M
$-231M
$-228M
$-225M
$-226M
$-220M
$-218M
AOCI
$-26M
$-24M
$-23M
$-22M
$-22M
$-22M
$-22M
$-22M
$-22M
$-23M
$-22M
$-11M
Stockholders' Equity
$37M
$40M
$44M
$49M
$51M
$54M
$56M
$58M
$61M
$60M
$66M
$79M
Liabilities + Equity
$39M
$42M
$46M
$52M
$56M
$57M
$59M
$61M
$66M
$70M
$81M
$108M
Shares Outstanding
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
11,052,000
Cash Flow11
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Stock-based Comp
$0
$0
$0
$0
$0
$1.0K
$1.0K
$3.0K
$-7.0K
$9.0K
$65.0K
$21.0K
Deferred Tax
·
·
·
·
·
·
·
·
$-2M
$-41.0K
$-216.0K
·
Amort. of Intangibles
·
·
·
·
·
·
·
$27.0K
$7.0K
$106.0K
$236.0K
$1M
Operating Cash Flow
$-2M
$-2M
$-1M
$-3M
$-4M
$-2M
$-2M
$-4M
$-1M
$-6M
$-17M
$-11M
CapEx
$44.0K
$46.0K
$52.0K
$52.0K
$76.0K
$24.0K
$48.0K
$66.0K
$192.0K
$496.0K
$158.0K
$420.0K
Investing Cash Flow
$-4M
$-1M
$837.0K
$-70.0K
$-17.0K
$-10M
$-73.0K
$-90.0K
$935.0K
$3M
$41M
$-8M
Financing Cash Flow
·
·
·
·
·
·
·
·
$-3M
$-4M
$-12M
$19M
Net Change in Cash
$-6M
$-4M
$-324.0K
$-3M
$-4M
$-12M
$-2M
$-4M
$-2M
$-6M
$21M
$-8M
Taxes Paid
$4.0K
·
·
·
$-2.0K
·
$-6.0K
·
$1.0K
$46.0K
$44.0K
$-84.0K
Free Cash Flow
$-2M
$-2M
$-1M
$-3M
$-4M
$-2M
$-2M
$-4M
$-1M
$-6M
$-17M
$-11M
Levered FCF
·
·
·
·
·
·
·
·
$-1M
$-6M
$-17M
$-11M
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Gross Margin
52.4%
49.7%
57.0%
58.2%
52.9%
57.0%
53.9%
49.5%
56.0%
53.9%
13.3%
19.9%
Operating Margin
-103.6%
-124.6%
-73.5%
-54.1%
-72.4%
-31.3%
-45.4%
-67.9%
-4.2%
-79.5%
-195.0%
-137.8%
Net Margin
-44.7%
-77.3%
-79.2%
-49.3%
-62.4%
-18.8%
-25.0%
-45.0%
9.4%
-67.6%
-21.9%
-52.7%
Pretax Margin
-44.7%
-77.3%
-79.2%
-49.3%
-62.4%
-18.8%
-25.0%
-45.0%
-5.0%
-80.4%
-26.4%
-51.8%
EBITDA Margin
-103.6%
-124.6%
-73.5%
-54.1%
-72.4%
-31.3%
-45.4%
-67.9%
-4.2%
-79.5%
-195.0%
-137.8%
ROA
-3.8%
-5.2%
-6.9%
-5.1%
-6.1%
-2.2%
-2.8%
-5.0%
1.6%
-8.0%
-2.4%
-4.9%
ROE
-4.0%
-5.5%
-7.4%
-5.5%
-6.5%
-2.4%
-2.9%
-5.3%
1.8%
-9.7%
-3.1%
-6.2%
ROIC
-9.7%
·
·
·
·
·
·
·
1.5%
-9.7%
-23.5%
-13.6%
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
16.8
18.3
15.9
18.1
13.2
15.9
16.4
·
13.0
7.7
5.5
3.3
Quick Ratio
16.2
18.1
15.7
17.8
13.0
15.7
16.2
·
12.8
7.4
5.4
3.0
Debt / Equity
·
·
·
·
·
·
·
·
·
0.0
0.1
0.2
Interest Coverage
·
·
·
·
·
·
·
·
-14.4
-88.0
-109.9
-55.4
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
Receivables Turnover
27.9
16.1
20.2
24.1
20.3
21.4
14.9
11.1
14.3
8.5
8.1
5.9
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$3.35
$3.65
$3.94
$4.40
$4.60
$4.89
$5.03
$5.26
$5.55
$5.40
$5.97
$1.43
Revenue / Share
$0.31
$0.27
$0.39
$0.51
$0.50
$0.62
$0.60
$0.64
$1.05
$0.81
$0.93
$0.18
Cash Flow / Share
$-0.18
$-0.21
$-0.11
$-0.23
$-0.37
$-0.19
$-0.14
$-0.35
$-0.10
$-0.51
$-1.52
$-0.20
Cash / Share
$2.60
$3.15
$3.48
$3.51
$3.75
$4.14
$5.22
$5.37
$5.76
$5.95
$6.46
$0.92
EPS (TTM)
$-0.14
$-0.21
$-0.31
$-0.25
$-0.31
$-0.12
·
·
·
·
$-0.20
$-0.48
Valuation (TTM)14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$3M
$3M
$4M
$6M
$5M
$7M
$7M
$7M
$12M
$9M
$10M
$10M
Net Income TTM
$-2M
$-2M
$-3M
$-3M
$-3M
$-1M
$-2M
$-3M
$1M
$-6M
$-2M
$-5M
Market Cap
$17M
$17M
$15M
$13M
$25M
$35M
$27M
$33M
$34M
$32M
$33M
$260M
Enterprise Value
·
·
·
·
·
·
·
·
·
$-31M
$-32M
$198M
P/E
-10.9
-7.4
-4.5
-4.8
-7.3
-26.7
·
·
·
·
-15.2
-9.8
P/S
4.8
5.8
3.6
2.4
4.5
5.1
4.0
4.7
2.9
3.6
3.3
26.6
P/B
0.5
0.4
0.4
0.3
0.5
0.7
0.5
0.6
0.5
0.5
0.5
3.3
P / Tangible Book
0.5
0.4
0.4
0.3
0.5
0.7
·
·
·
·
·
·
P / Cash Flow
-8.5
-7.3
-12.9
-5.3
-6.0
-17.0
-17.0
-8.5
-30.3
-5.7
-2.0
-24.0
P / FCF
-8.3
-7.2
-12.3
-5.2
-5.9
-16.8
-16.5
-8.3
-25.8
-5.2
-2.0
-23.1
EV / EBITDA
·
·
·
·
·
·
·
·
·
4.3
1.6
-14.7
EV / FCF
·
·
·
·
·
·
·
·
·
5.0
1.9
-17.6
EV / Revenue
·
·
·
·
·
·
·
·
·
-3.5
-3.1
20.3
Earnings Yield
-9.2%
-13.6%
-22.3%
-20.7%
-13.8%
-3.8%
·
·
·
·
-6.6%
-10.2%
Per Share1
Metric
Trend
Q4 2012
Q4 2011
Q4 2010
Q4 2009
Q4 2008
Q4 2007
Q4 2006
Q4 2005
Q4 2004
Q4 2003
Q4 2002
Q4 2001
EPS (TTM)
$-0.30
$-1.31
$0.04
$-0.90
·
·
·
·
·
·
·
·
Valuation (TTM)4
Metric
Trend
Q4 2012
Q4 2011
Q4 2010
Q4 2009
Q4 2008
Q4 2007
Q4 2006
Q4 2005
Q4 2004
Q4 2003
Q4 2002
Q4 2001
Revenue TTM
$27M
$34M
$65M
$160M
·
·
·
·
·
·
·
·
Net Income TTM
$-15M
$-71M
$3M
$-49M
·
·
·
·
·
·
·
·
P/E
-16.0
-3.2
185.0
-18.2
·
·
·
·
·
·
·
·
Earnings Yield
-6.2%
-31.6%
0.54%
-5.5%
·
·
·
·
·
·
·
·
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$3M
$3M
$4M
$6M
$5M
Gross Margin %
52.4%
49.7%
57.0%
58.2%
52.9%
Operating Margin %
-103.6%
-124.6%
-73.5%
-54.1%
-72.4%
Net Income
$-2M
$-2M
$-3M
$-3M
$-3M
Diluted EPS
$-0.14
$-0.21
$-0.31
$-0.25
$-0.31
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
16.8
18.3
15.9
18.1
13.2
Quick Ratio
16.2
18.1
15.7
17.8
13.0
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-2M
$-2M
$-1M
$-3M
$-4M
Institutional owners (13F)
7 filers
· $576K total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders7
Value held$576K
New positions0
Exited positions1
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
0 (-1 vs prior Q)
1 (0 vs prior Q)
3 (+3 vs prior Q)
3 (-2 vs prior Q)
-5K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Filer
Filed
Stake
Status
Purpose
Filing
Undisclosed reporting person, Undisclosed reporting person
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
3 insiders
· 2 officers · 2 directors