$110.07M
Revenue
$1.20M
Net Income
31.31%
Gross Margin
2.95%
Op. Margin
$3.47M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $110.07M | $85.56M | $91.22M | $73.88M | $67.64M | $68.93M |
| Revenue Growth % | 28.6% | -6.2% | 23.5% | 9.2% | -1.9% | nan% |
| Cost of Revenue | $75.61M | $62.27M | $76.94M | $64.82M | $60.78M | $59.90M |
| Gross Profit | $34.46M | $23.30M | $14.28M | $9.06M | $6.86M | $9.03M |
| Gross Margin % | 31.3% | 27.2% | 15.7% | 12.3% | 10.1% | 13.1% |
| Operating Expenses | $31.21M | $28.87M | $34.64M | $27.52M | $20.81M | $25.86M |
| Research & Development | $3.38M | $2.67M | $2.46M | $2.38M | $2.42M | $3.65M |
| Selling General & Admin | $27.83M | $26.20M | $32.17M | $25.15M | $18.39M | $22.21M |
| Operating Income | $3.25M | $-5.57M | $-20.35M | $-18.46M | $-13.95M | $-16.83M |
| Operating Margin % | 3.0% | -6.5% | -22.3% | -25.0% | -20.6% | -24.4% |
| Interest Expense | $2.53M | $533.00K | $1.62M | $6.16M | $5.16M | $5.20M |
| Interest Income | $356.00K | $186.00K | $110.00K | $141.00K | $30.00K | $8.00K |
| Other Income/Expense | $1.93M | $2.32M | $674.00K | $-33.00K | $4.99M | $133.00K |
| Income Before Tax | $1.33M | $-7.01M | $7.41M | $-24.52M | $-18.37M | $-21.89M |
| Income Tax Expense | $133.00K | $175.00K | $14.00K | $7.00K | $19.00K | $12.00K |
| Net Income | $1.20M | $-7.19M | $7.39M | $-24.52M | $-18.39M | $-21.90M |
| Net Margin % | 1.1% | -8.4% | 8.1% | -33.2% | -27.2% | -31.8% |
| Basic EPS | -2.73 | -0.38 | 0.39 | -1.43 | nan | nan |
| Diluted EPS | -2.73 | -0.38 | 0.39 | -1.43 | nan | nan |
| Basic Shares Outstanding | 21.1M | 19.1M | 18.8M | 17.2M | - | - |
| Diluted Shares Outstanding | 21.1M | 19.1M | 18.8M | 17.2M | - | - |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.67M | $2.08M | $12.84M | $49.53M | $15.07M |
| Accounts Receivable | $7.04M | $6.55M | $7.10M | $20.59M | $16.24M |
| Inventory | $16.61M | $20.64M | $37.33M | $11.83M | $21.46M |
| Other Current Assets | $3.65M | $5.45M | $7.45M | $4.95M | $3.99M |
| Total Current Assets | $36.09M | $34.73M | $64.72M | $86.91M | $56.76M |
| Property Plant & Equipment | $19.36M | $25.85M | $24.27M | $9.63M | $7.75M |
| Other Non-current Assets | $2.71M | $3.04M | $2.59M | $7.64M | $8.23M |
| Total Assets | $74.86M | $84.21M | $108.03M | $106.02M | $73.95M |
| Accounts Payable | $14.09M | $15.09M | - | - | - |
| Accrued Liabilities | $3.11M | $3.12M | - | - | - |
| Deferred Revenue | $13.35M | $11.18M | $23.37M | $6.37M | $7.90M |
| Total Current Liabilities | $52.58M | $73.23M | $121.55M | $34.46M | $26.95M |
| Long-term Debt | $24.21M | - | - | - | - |
| Other Non-current Liabilities | - | $264.00K | $265.00K | - | - |
| Total Liabilities | $82.62M | $84.99M | $132.13M | $92.85M | $60.93M |
| Common Stock | - | - | $18.00K | $13.00K | $10.00K |
| Retained Earnings | $-977.00M | $-969.81M | $-977.20M | $-919.27M | $-900.87M |
| Total Stockholders Equity | $-21.62M | $-14.65M | $-24.09M | $13.17M | $13.02M |
| Total Liabilities & Equity | $74.86M | $84.21M | $108.03M | $106.02M | $73.95M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $1.20M | $-7.19M | $7.39M | $-24.52M | $-18.39M | $-21.90M |
| Depreciation & Amortization | $6.87M | $3.86M | $3.99M | $3.18M | $1.45M | $1.62M |
| Stock-based Compensation | $1.49M | $262.00K | $2.06M | $863.00K | $937.00K | $913.00K |
| Change in Receivables | $16.24M | $2.08M | $571.00K | $-4.06M | $4.12M | $449.00K |
| Change in Inventory | $-2.62M | $-7.63M | $-15.38M | $11.52M | $-8.70M | $1.50M |
| Change in Payables | $12.21M | $-1.00M | $-12.34M | - | - | - |
| Operating Cash Flow | $4.79M | $7.69M | $-27.66M | $-7.94M | $1.70M | $-19.70M |
| Capital Expenditure | $1.32M | $879.00K | $4.67M | $8.22M | $3.21M | $4.21M |
| Investing Cash Flow | $1.50M | $-879.00K | $-4.67M | $-8.22M | $-3.21M | $-4.21M |
| Financing Cash Flow | $2.53M | $-223.00K | $21.58M | $6.45M | $35.97M | $9.25M |
| Net Change in Cash | $8.82M | $6.59M | $-10.75M | $-9.72M | $34.47M | $-14.66M |
SEC Filing Format - Data shown as it appears in the Q3 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $26.76M | - | $83.02M | - |
| Cost of Revenue | $16.33M | - | $56.06M | - |
| Gross Profit | $10.43M | - | $26.95M | - |
| Operating Expenses | $8.38M | - | $23.72M | - |
| Research & Development | $971.00K | - | $2.59M | - |
| Selling General & Admin | $7.41M | - | $21.12M | - |
| Operating Income | $2.05M | - | $3.23M | - |
| Interest Expense | $500.00K | - | $1.00M | - |
| Interest Income | $70.00K | - | $177.00K | - |
| Other Income/Expense | $208.00K | - | $1.19M | - |
| Income Before Tax | $1.19M | - | $1.33M | - |
| Income Tax Expense | $5.00K | - | $14.00K | - |
| Net Income | $1.19M | $-423.00K | $1.32M | - |
| Basic EPS | -1.79 | - | -2.79 | - |
| Diluted EPS | -1.79 | - | -2.79 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $14.44M | $8.67M |
| Accounts Receivable | $11.42M | $7.04M |
| Inventory | $18.28M | $16.61M |
| Other Current Assets | $5.21M | $3.65M |
| Total Current Assets | $50.20M | $36.09M |
| Property Plant & Equipment | $17.86M | $19.36M |
| Intangible Assets | $3.64M | - |
| Other Non-current Assets | $2.62M | $2.71M |
| Total Assets | $87.68M | $74.86M |
| Accounts Payable | $17.71M | $14.09M |
| Accrued Liabilities | $3.24M | $1.45M |
| Deferred Revenue | $13.78M | $13.35M |
| Total Current Liabilities | $73.06M | $52.58M |
| Long-term Debt | $25.30M | $24.21M |
| Total Liabilities | $80.09M | $82.62M |
| Retained Earnings | $-975.68M | $-977.00M |
| Total Stockholders Equity | $-63.28M | $-21.62M |
| Total Liabilities & Equity | $87.68M | $74.86M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $1.19M | $-423.00K | $1.32M | - |
| Depreciation & Amortization | - | - | $3.15M | - |
| Stock-based Compensation | - | - | $590.00K | - |
| Change in Receivables | - | - | $6.66M | - |
| Change in Inventory | - | - | $946.00K | - |
| Change in Payables | - | - | $4.88M | - |
| Operating Cash Flow | - | - | $1.98M | - |
| Capital Expenditure | - | - | $773.00K | - |
| Investing Cash Flow | - | - | $637.00K | - |
| Debt Repayment | - | - | $8.33M | - |
| Stock Repurchased | - | - | $210.00K | - |
| Financing Cash Flow | - | - | $3.87M | - |
| Net Change in Cash | - | - | $6.48M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.