$42.41M
Revenue
$16.72M
Net Income
61.80%
Gross Margin
36.79%
Op. Margin
$16.90M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $42.41M | $42.41M | $25.77M | $13.66M | $9.58M | - |
| Revenue Growth % | 0.0% | 64.6% | 88.7% | 42.6% | nan% | nan% |
| Cost of Revenue | $16.20M | $16.20M | $12.81M | $9.69M | $8.03M | $5.61M |
| Gross Profit | $26.21M | $26.21M | $12.95M | $3.97M | $1.55M | $67.55K |
| Gross Margin % | 61.8% | 61.8% | 50.3% | 29.0% | 16.2% | nan% |
| Operating Expenses | $10.60M | $10.60M | $4.52M | $2.95M | $4.11M | $1.06M |
| Operating Income | $15.60M | $15.60M | $8.43M | $1.01M | $-2.55M | $-995.11K |
| Operating Margin % | 36.8% | 36.8% | 32.7% | 7.4% | -26.6% | nan% |
| Interest Expense | - | - | $83.30K | $44.20K | $102.83K | $148.09K |
| Interest Income | - | - | - | - | - | $-1.70K |
| Other Income/Expense | $628.95K | $1.46M | $-327.84K | $-61.08K | $78.86K | $255.17K |
| Income Before Tax | - | $17.06M | $8.75M | - | - | - |
| Income Tax Expense | - | $426.15K | - | - | - | - |
| Net Income | $16.72M | $16.72M | $8.84M | $1.07M | $-2.63M | $-739.94K |
| Net Margin % | 39.4% | 39.4% | 34.3% | 7.9% | -27.5% | nan% |
| Basic EPS | nan | 1.15 | 0.68 | 0.09 | nan | nan |
| Diluted EPS | nan | 1.14 | 0.67 | 0.09 | nan | nan |
| Basic Shares Outstanding | 366K | 14.5M | 13.0M | 12.3M | 11.8M | - |
| Diluted Shares Outstanding | 417K | 14.7M | 13.2M | 12.3M | 11.8M | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | $2.29M | $1.64M | $2.54M |
| Inventory | $965.11K | $899.92K | $876.68K | $618.31K | $402.54K |
| Other Current Assets | $799.26K | $378.47K | $236.84K | $192.03K | $224.06K |
| Total Current Assets | $51.35M | $11.74M | $4.45M | $3.36M | $3.44M |
| Property Plant & Equipment | $19.50M | $12.90M | $10.48M | $9.92M | $7.23M |
| Total Assets | $116.24M | $44.02M | $23.89M | $20.98M | $14.67M |
| Total Current Liabilities | $3.68M | $2.28M | $1.73M | $1.63M | $1.21M |
| Long-term Debt | $2.33M | - | - | - | - |
| Deferred Tax Liabilities | $91.70K | - | - | - | - |
| Total Liabilities | $5.40M | $3.61M | $3.35M | $3.27M | $3.40M |
| Common Stock | $99.83M | $46.06M | $34.96M | $33.25M | $20.99M |
| Retained Earnings | $8.34M | $-8.37M | $-17.21M | $-18.37M | $-12.67M |
| Total Stockholders Equity | $108.17M | $37.69M | $17.75M | $14.88M | $8.31M |
| Total Liabilities & Equity | $116.24M | $44.02M | $23.89M | $20.98M | $14.67M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $18.32M | $16.72M | $8.84M | $1.07M | $-2.63M | $-739.94K |
| Depreciation & Amortization | $2.89M | $2.34M | $1.95M | $1.47M | $984.08K | $575.67K |
| Stock-based Compensation | $2.99M | $1.51M | - | - | $547.27K | - |
| Deferred Income Tax | - | $91.70K | - | - | - | - |
| Change in Receivables | $549.30K | $2.33M | $539.83K | $128.87K | $501.81K | - |
| Change in Inventory | $557.93K | $65.19K | $23.24K | $258.37K | $404.59K | $-177.39K |
| Operating Cash Flow | $27.46M | $19.10M | $10.84M | $2.10M | $-1.82M | $-482.42K |
| Capital Expenditure | $10.56M | $6.71M | $2.22M | $772.25K | $1.44M | - |
| Investing Cash Flow | $-73.76M | $-61.46M | $-20.76M | $-2.10M | $-2.37M | $-1.59M |
| Stock Issued | $58.27M | $52.03M | $9.12M | $1.72M | $3.68M | $2.91M |
| Stock Repurchased | - | - | - | $11.10K | - | - |
| Financing Cash Flow | $56.62M | $51.14M | $8.74M | $647.19K | $3.85M | $4.40M |
| Net Change in Cash | - | - | - | - | - | $2.32M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $11.08M | $6.15M | $27.84M | $18.18M |
| Cost of Revenue | $4.03M | $3.16M | $11.62M | $9.27M |
| Gross Profit | $7.05M | $3.00M | $16.22M | $8.91M |
| Operating Expenses | $4.45M | $1.56M | $9.71M | $3.23M |
| Operating Income | $2.59M | $1.44M | $6.51M | $5.68M |
| Interest Expense | - | $37.13K | - | $83.30K |
| Interest Income | $363.15K | $167.80K | $768.96K | $247.90K |
| Other Income/Expense | $366.37K | $131.97K | $780.07K | $185.14K |
| Net Income | $2.97M | $1.59M | $7.35M | $5.92M |
| Basic EPS | 0.20 | 0.12 | 0.52 | 0.46 |
| Diluted EPS | 0.20 | 0.12 | 0.51 | 0.45 |
| Basic Shares Outstanding | $14.68M | $13.11M | $14.12M | $12.82M |
| Diluted Shares Outstanding | $14.88M | $13.26M | $14.28M | $13.01M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Inventory | $846.56K | $899.92K |
| Other Current Assets | $817.52K | $378.47K |
| Total Current Assets | $35.00M | $11.74M |
| Property Plant & Equipment | $17.65M | $12.90M |
| Total Assets | $83.11M | $44.02M |
| Total Current Liabilities | $4.10M | $2.28M |
| Total Liabilities | $6.17M | $3.61M |
| Common Stock | $75.29M | $46.06M |
| Retained Earnings | $-1.02M | $-8.37M |
| Total Stockholders Equity | $74.26M | $37.69M |
| Total Liabilities & Equity | $83.11M | $44.02M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $2.97M | $1.59M | $7.35M | $5.92M |
| Depreciation & Amortization | $603.07K | $485.51K | $1.69M | $1.44M |
| Stock-based Compensation | - | - | $1.25M | - |
| Change in Receivables | - | - | - | $418.00K |
| Change in Inventory | - | - | $-53.36K | $94.83K |
| Operating Cash Flow | - | - | $8.36M | $7.69M |
| Capital Expenditure | - | - | $4.13M | $1.19M |
| Investing Cash Flow | - | - | $-32.79M | $-9.36M |
| Stock Issued | - | - | $27.82M | $7.43M |
| Financing Cash Flow | - | - | $27.11M | $7.78M |
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.