SSTI (SSTI) financial statements
SSTI reported revenue of $104M in fiscal 2025, up 23.6% a year over 9 years.
Net income was -$9M and the operating margin -8.4%, against -32.1% in 2016.
Free cash flow was $5M, and the company returned $3M in net buybacks.
The diluted share count rose 694% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SSTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16M | $24M | $35M | $41M | $46M | $58M | $81M | $93M | $102M | $104M |
| Cost of revenue | $10M | $12M | $16M | $16M | $19M | $26M | $34M | $40M | $44M | $47M |
| Gross profit | $6M | $12M | $19M | $24M | $27M | $33M | $47M | $53M | $58M | $57M |
| Research and development | $4M | $4M | $5M | $5M | $6M | $7M | $10M | $12M | $14M | $16M |
| Selling, general and admin | $7M | $12M | $17M | $17M | $20M | $28M | $38M | $48M | $52M | $49M |
| Operating income | -$5M | -$4M | -$3M | $2M | $1M | -$4M | $8M | -$1M | -$8M | -$9M |
| Interest expense | $1M | $1M | — | — | — | — | — | — | — | — |
| Pre-tax income | -$7M | -$10M | -$3M | $2M | $1M | -$4M | $8M | -$2M | -$8M | -$9M |
| Income tax | — | $160,000 | -$13,000 | -$41,000 | -$90,000 | $56,000 | $1M | $1M | $778,000 | $113,000 |
| Net income | -$7M | -$10M | -$3M | $2M | $1M | -$4M | $6M | -$3M | -$9M | -$9M |
| EPS (diluted) | -$4.28 | -$1.61 | -$0.26 | $0.15 | $0.10 | -$0.38 | $0.52 | -$0.22 | -$0.72 | -$0.74 |
| Diluted shares | 2M | 6M | 11M | 12M | 12M | 12M | 12M | 12M | 13M | 13M |
| Gross margin | 38.4% | 48.8% | 55.3% | 59.7% | 59.0% | 55.9% | 57.8% | 56.9% | 56.7% | 54.4% |
| Operating margin | -32.1% | -18.2% | -7.4% | 3.9% | 2.8% | -7.0% | 9.6% | -1.3% | -7.7% | -8.4% |
| Net margin | -44.2% | -42.0% | -7.8% | 4.4% | 2.7% | -7.6% | 7.9% | -2.9% | -9.0% | -9.0% |
Balance sheet
Fiscal years, from SSTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $20M | $10M | $25M | $16M | $16M | $10M | $6M | $13M | $16M |
| Receivables | $2M | $4M | — | $14M | $12M | $16M | $29M | $25M | $20M | $23M |
| Total current assets | $7M | $24M | $27M | $40M | $31M | $34M | $45M | $40M | $44M | $49M |
| Property, plant and equipment | $9M | $12M | $17M | $17M | $15M | $17M | $22M | $21M | $20M | $19M |
| Goodwill | — | — | $1M | $1M | $3M | $3M | $23M | $34M | $34M | $34M |
| Total assets | $16M | $36M | $47M | $61M | $66M | $72M | $123M | $139M | $137M | $136M |
| Total current liabilities | $15M | $21M | $29M | $32M | $31M | $35M | $54M | $60M | $56M | $57M |
| Total liabilities | $31M | $24M | $30M | $33M | $32M | $38M | $62M | $64M | $64M | $64M |
| Shareholders' equity | -$57M | $12M | $17M | $27M | $34M | $34M | $61M | $75M | $72M | $72M |
| Net debt | -$4M | -$20M | -$10M | -$25M | -$16M | -$16M | -$10M | -$6M | -$13M | -$16M |
Cash flow
Fiscal years, from SSTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $3M | -$1M | $14M | $11M | $10M | $12M | $11M | $22M | $9M |
| Capital spending | $4M | $6M | $8M | $5M | $4M | $8M | $11M | $5M | $6M | $4M |
| Free cash flow | -$2M | -$3M | -$10M | $9M | $7M | $2M | $1M | $6M | $16M | $5M |
| Stock-based compensation | $83,000 | $628,000 | $2M | $3M | $4M | $6M | $8M | $10M | $12M | $11M |
| Share buybacks (net) | — | — | — | -$7M | -$2M | -$4M | -$3M | -$6M | -$6M | -$3M |
| Free cash flow margin | -14.3% | -12.8% | -28.3% | 21.8% | 15.6% | 3.4% | 1.6% | 6.4% | 15.6% | 4.7% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SSTI.
Open SSTI in InvestinglyQuestions
What was SSTI's revenue in 2025?
$104M in fiscal 2025, from its 10-K filing.
How much free cash flow does SSTI generate?
$5M in fiscal 2025 (operating cash flow minus capital spending).
From SSTI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.