Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -16.1 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -16.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was negative
Latest reported free cash flow was -$8M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +3.3% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-22
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- United States$258Mshare n/a-0.4% yoy
- Outside the United States$176Mshare n/a+10.6% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$65.9M64.0%+6.7% yoy
- Outside the United States$37M36.0%-27.9% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $416M | 41stof 3,247 middle third | 39thof 769 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 3.4% | 40thof 3,083 middle third | 34thof 735 middle third |
Operating margin operating income ÷ revenue | -13.1% | 29thof 2,777 bottom third | 28thof 742 bottom third |
Net margin net income ÷ revenue | -15.9% | 27thof 3,212 bottom third | 27thof 761 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -1.9% | 31stof 2,640 bottom third | 24thof 692 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -202.4% | 6thof 3,520 bottom third | 5thof 713 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -4.8× | 28thof 795 bottom third | 25thof 189 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.3% | 92ndof 2,852 top third | 97thof 719 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 69 days | 27thof 2,373 bottom third | 39thof 706 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -13.1% | 79thof 3,845 top third | 71stof 769 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -39.6% | 86thof 3,301 top third | 87thof 678 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 29 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-03-31 | 19,404 shares 10-Q 2023-05-10 | 19,404,000 shares 10-Q 2024-05-13 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 19,590 shares 10-Q 2023-08-09 | 19,590,000 shares 10-Q 2024-08-12 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-09-30 | 19,729 shares 10-Q 2023-11-14 | 19,729,000 shares 10-Q 2024-11-12 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 19,404 shares 10-Q 2023-05-10 | 19,404,000 shares 10-Q 2024-05-13 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 19,541 shares 10-Q 2023-08-09 | 19,541,000 shares 10-Q 2024-08-12 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-09-30 | 19,729 shares 10-Q 2023-11-14 | 19,729,000 shares 10-Q 2024-11-12 | +99900.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | -$320K 10-Q 2022-08-09 | $2.08M 10-Q 2023-08-09 | +751.3% | first · latest |
| Net income NetIncomeLoss | quarter 2022-06-30 | $403K 10-Q 2022-08-09 | $2.81M 10-Q 2023-08-09 | +596.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$74K 10-Q 2022-11-14 | $203K 10-Q 2023-11-14 | +374.3% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2023-12-31 | $4.07M 10-Q 2022-11-14 | $13.1M 10-K 2025-03-17 | +221.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | $1.24M 10-Q 2022-05-10 | -$453K 10-Q 2023-05-10 | -136.4% | first · latest |
| Net income NetIncomeLoss | quarter 2022-03-31 | $1.65M 10-Q 2022-05-10 | -$51K 10-Q 2023-05-10 | -103.1% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-03-31 | 19,483,000 shares 10-Q 2022-05-10 | 19,188 shares 10-Q 2023-05-10 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-06-30 | 19,434,000 shares 10-Q 2022-08-09 | 19,434 shares 10-Q 2023-08-09 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 19,522,000 shares 10-Q 2022-11-14 | 19,522 shares 10-Q 2023-11-14 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-31 | 19,188,000 shares 10-Q 2022-05-10 | 19,188 shares 10-Q 2023-05-10 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-06-30 | 19,285,000 shares 10-Q 2022-08-09 | 19,285 shares 10-Q 2023-08-09 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 19,396,000 shares 10-Q 2022-11-14 | 19,396 shares 10-Q 2023-11-14 | -99.9% | first · latest |
| Net income NetIncomeLoss | fiscal year 2021-12-31 | -$12.7M 10-K 2022-03-17 | -$3.86M 10-K 2023-03-21 | +69.6% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | -$13.6M 10-K 2022-03-17 | -$4.78M 10-K 2023-03-21 | +64.9% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2022-12-31 | $6.51M 10-Q 2022-11-14 | $10.5M 10-K 2024-03-25 | +60.6% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2022-09-30 | $846K 10-Q 2022-11-14 | $1.12M 10-Q 2023-11-14 | +32.7% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-12-31 | $82.6M 10-K 2022-03-17 | $103M 10-K 2023-03-21 | +24.6% | first · latest · 5 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2022-12-31 | $77.4M 10-K 2023-03-21 | $72.5M 10-K 2024-03-25 | -6.4% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2021-12-31 | $486M 10-K 2022-03-17 | $506M 10-K 2023-03-21 | +4.2% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-09-30 | $81.2M 10-Q 2021-11-09 | $78.6M 10-Q 2022-11-14 | -3.1% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2021-12-31 | $345M 10-K 2022-03-17 | $335M 10-K 2023-03-21 | -2.9% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-03-31 | $86.8M 10-Q 2021-05-10 | $84.7M 10-Q 2022-05-10 | -2.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-06-30 | $92.4M 10-Q 2021-08-09 | $90.4M 10-Q 2022-08-09 | -2.2% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for AP yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.