Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-15.1%
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
$0.34
$0.96
-64.6%
Dec. 31, 2025
$0.79
$0.66
20.3%
June 30, 2025
$0.60
$0.61
-0.99%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement14
Metric
Trend
2025
2024
Revenue
$187M
$150M
Cost of Revenue
$168M
$132M
SG&A Expense
$32M
$27M
Operating Expenses
$220M
$168M
Operating Income
$-34M
$-18M
Interest Income
$81.0K
$177.0K
Other Non-op
$589.0K
$0
Pretax Income
$-35M
$-17M
Income Tax
$4M
$7M
Net Income
$-39M
$-24M
EPS (Basic)
$-2.37
$-2.34
EPS (Diluted)
$-2.37
$-2.34
Shares (Basic)
17,466,665
13,409,160
Shares (Diluted)
17,466,665
13,409,160
Balance Sheet23
Metric
Trend
2025
2024
Cash & Equivalents
$20M
$15M
Receivables
$22M
$18M
Prepaid Expense
$10M
$3M
Current Assets
$59M
$46M
PP&E (Net)
$598.0K
$751.0K
Goodwill
$57M
$64M
Intangibles
$37M
$32M
Other Non-current Assets
$276.0K
$189.0K
Total Assets
$203M
$174M
Accounts Payable
$31M
$5M
Short-term Debt
$9M
$6M
Current Liabilities
$53M
$38M
Capital Leases
$16M
$17M
Other Non-current Liabilities
$11M
$4M
Total Liabilities
$128M
$93M
Long-term Debt
$47M
$32M
Common Stock
$24.0K
$23.0K
Paid-in Capital
$237M
$197M
Retained Earnings
$-163M
$-116M
AOCI
$1M
$-536.0K
Stockholders' Equity
$75M
$81M
Liabilities + Equity
$203M
$174M
Shares Outstanding
25,174,492
24,017,599
Cash Flow10
Metric
Trend
2025
2024
D&A
$6M
$4M
Deferred Tax
$-3M
$-1M
Amort. of Intangibles
$6M
$5M
Operating Cash Flow
$25M
$16M
CapEx
$11.0K
$56.0K
Investing Cash Flow
$-22M
$-19M
Dividends Paid
$9M
$17M
Financing Cash Flow
$3M
$3M
Net Change in Cash
$6M
$195.0K
Taxes Paid
$6M
$10M
Per Share1
Metric
Trend
2025
2024
EPS (TTM)
$-2.37
·
Growth Rates1
Metric
Trend
2025
2024
Revenue YoY
24.7%
·
Valuation (TTM)3
Metric
Trend
2025
2024
Revenue TTM
$187M
·
Net Income TTM
$-39M
·
Annual Payout
$9M
·
Income Statement15
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue
$52M
$50M
·
$49M
$39M
Cost of Revenue
$41M
$41M
·
$41M
$35M
SG&A Expense
$12M
$9M
·
$10M
$7M
Operating Expenses
$56M
$58M
·
$53M
$45M
Operating Income
$-4M
$-8M
·
$-5M
$-6M
Interest Income
$255.0K
$11.0K
·
$29.0K
$33.0K
Other Non-op
$128.0K
$166.0K
·
$-22.0K
$0
Pretax Income
$-3M
$-9M
·
$-6M
$-7M
Income Tax
$352.0K
$3M
·
$-24.0K
$4M
Net Income
$-4M
$-11M
·
$-6M
$-11M
EPS (Basic)
$-0.19
$-0.49
·
$-0.44
$-0.63
EPS (Diluted)
$-0.19
$-0.49
·
$-0.44
$-0.63
Shares (Basic)
24,951,184
23,301,135
·
17,183,129
16,903,655
Shares (Diluted)
24,951,184
23,301,135
·
17,183,129
16,903,655
EBITDA
$-4M
$-8M
·
·
·
Balance Sheet24
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Cash & Equivalents
$37M
$43M
$20M
·
·
Receivables
·
$34M
$22M
·
·
Prepaid Expense
$5M
$8M
$10M
·
·
Current Assets
$80M
$89M
$59M
·
·
PP&E (Net)
$1M
$1M
$598.0K
·
·
Goodwill
$57M
$57M
$57M
·
·
Intangibles
$35M
$36M
$37M
·
·
Other Non-current Assets
$447.0K
$266.0K
$276.0K
·
·
Total Assets
$241M
$243M
$203M
·
·
Accounts Payable
$21M
$18M
$6M
·
·
Short-term Debt
$10M
$11M
$9M
·
·
Current Liabilities
$50M
$52M
$53M
·
·
Capital Leases
$25M
$24M
$16M
·
·
Other Non-current Liabilities
$8M
$9M
$11M
·
·
Total Liabilities
$130M
$134M
$128M
·
·
Long-term Debt
$42M
$45M
$47M
·
·
Total Debt
$52M
$55M
·
·
·
Common Stock
$28.0K
$28.0K
$24.0K
·
·
Paid-in Capital
$296M
$283M
$237M
·
·
Retained Earnings
$-186M
$-175M
$-163M
·
·
AOCI
$834.0K
$863.0K
$1M
·
·
Stockholders' Equity
$111M
$109M
$75M
·
·
Liabilities + Equity
$241M
$243M
$203M
·
·
Shares Outstanding
29,895,289
28,928,777
25,174,492
·
·
Cash Flow9
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
D&A
$1M
$2M
·
$2M
$1M
Amort. of Intangibles
$2M
$2M
·
$2M
$1M
Operating Cash Flow
$3M
$-12M
·
$8M
$-9M
CapEx
$111.0K
$521.0K
·
$93.0K
$0
Investing Cash Flow
$2M
$-2M
·
$-93.0K
$-19M
Financing Cash Flow
$-10M
$37M
·
$-8M
$22M
Net Change in Cash
$-6M
$22M
·
$253.0K
$-5M
Taxes Paid
$3M
$2.0K
·
$2M
$0
Free Cash Flow
·
$-12M
·
·
·
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Operating Margin
-7.4%
-16.3%
·
·
·
Net Margin
-7.2%
-22.9%
·
·
·
Pretax Margin
-6.5%
-17.5%
·
·
·
EBITDA Margin
-7.4%
-16.3%
·
·
·
ROA
-3.1%
-9.5%
·
·
·
ROE
-6.7%
-21.1%
·
·
·
ROIC
-2.6%
-6.6%
·
·
·
Liquidity & Solvency4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Current Ratio
1.6
1.7
·
·
·
Quick Ratio
0.7
1.5
·
·
·
Debt / Equity
0.5
0.5
·
·
·
LT Debt / Equity
0.3
0.3
·
·
·
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Asset Turnover
0.4
0.4
·
·
·
Receivables Turnover
·
2.9
·
·
·
Per Share4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Book Value / Share
$3.71
$3.76
·
·
·
Revenue / Share
$2.09
$2.15
·
·
·
Cash Flow / Share
·
$-0.50
·
·
·
Cash / Share
$1.24
$1.48
·
·
·
Valuation (TTM)5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Market Cap
$222M
$378M
·
·
·
Enterprise Value
$237M
$391M
·
·
·
P/B
2.0
3.5
·
·
·
P / Tangible Book
11.8
22.8
·
·
·
P / Cash Flow
·
-32.5
·
·
·
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
Revenue
$187M
$150M
Net Income
$-39M
$-24M
Diluted EPS
$-2.37
$-2.34
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F)
55 filers
· $50.2M 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.
Holders55
Value held$50.2M
New positions12
Exited positions6
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
12
6
21
16
·
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. Change vs prior quarter not shown: filer coverage differs too much between these two quarters for a reliable comparison.