$54.32M
Revenue
$-10.46M
Net Income
20.08%
Gross Margin
-16.57%
Op. Margin
$-11.42M
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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $54.32M | $54.32M | $65.48M | $37.76M | $11.71M | $5.69M | $5.87M | $5.73M | $6.00M | $4.70M | $3.95M |
| Revenue Growth % | 0.0% | -17.0% | 73.4% | 222.4% | 105.8% | -3.1% | 2.5% | -4.6% | 27.8% | 18.9% | nan% |
| Cost of Revenue | $43.42M | $43.42M | $49.25M | $26.45M | $9.22M | $4.46M | $4.65M | $4.69M | $4.85M | $3.62M | $2.84M |
| Gross Profit | $10.91M | $10.91M | $16.23M | $11.31M | $2.49M | $1.23M | $1.22M | $1.03M | $1.15M | $1.08M | $1.11M |
| Gross Margin % | 20.1% | 20.1% | 24.8% | 30.0% | 21.3% | 21.5% | 20.8% | 18.1% | 19.2% | 22.9% | 28.1% |
| Operating Expenses | $19.91M | $19.91M | $39.85M | $34.54M | $9.69M | $3.26M | $2.33M | $2.16M | $2.71M | $2.71M | $3.10M |
| Selling General & Admin | $6.04M | $6.04M | $7.86M | $9.91M | $5.08M | $694.36K | $761.24K | $664.82K | $583.90K | $566.19K | $517.27K |
| Operating Income | $-9.00M | $-9.00M | $-23.62M | $-23.23M | $-7.20M | $-2.03M | $-1.11M | $-1.13M | $-1.58M | $-1.63M | $-1.99M |
| Operating Margin % | -16.6% | -16.6% | -36.1% | -61.5% | -61.5% | -35.7% | -18.9% | -19.7% | -26.3% | -34.7% | -50.4% |
| Interest Expense | $115.00K | $64.00K | $81.00K | $79.00K | $24.00K | - | $20.27K | - | - | - | - |
| Interest Income | $358.00K | $358.00K | $731.00K | $620.00K | $21.00K | - | - | - | - | - | - |
| Other Income/Expense | $-1.46M | $-1.46M | $570.00K | $937.00K | $-132.00K | $729.50K | $267.68K | $56.54K | $2.36M | $959.40K | $72.89K |
| Income Before Tax | $-10.46M | $-10.46M | $-22.45M | $-22.29M | $-7.33M | $-2.76M | $-1.38M | $-1.19M | $-3.92M | $-2.59M | $-2.06M |
| Income Tax Expense | - | - | $71.00K | $28.00K | $87.00K | - | $747.00 | $8.53K | $23.46K | - | - |
| Net Income | $-10.46M | $-10.46M | $-14.03M | $-3.78M | $-9.16M | $-2.76M | $-1.38M | $-1.19M | $-3.94M | $-2.59M | $-2.06M |
| Net Margin % | -19.3% | -19.3% | -21.4% | -10.0% | -78.2% | -48.6% | -23.5% | -20.9% | -65.6% | -55.1% | -52.3% |
| Basic EPS | nan | -0.44 | -0.68 | -0.22 | -0.96 | nan | nan | nan | -8.10 | -0.08 | -0.26 |
| Diluted EPS | nan | -0.44 | -0.65 | -0.22 | -0.96 | nan | nan | nan | -8.10 | -0.08 | -0.26 |
| Basic Shares Outstanding | 561K | 26.5M | 20.6M | 17.5M | 9.6M | - | - | - | 483K | 34.3M | 8.0M |
| Diluted Shares Outstanding | - | 26.5M | 20.6M | 17.5M | 9.6M | - | - | - | 483K | 34.3M | 8.0M |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $13.71M | $19.96M | $26.31M | $18.89M | $728.76K | $75.36K | $142.89K | $233.33K | $114.73K | $963.33K |
| Accounts Receivable | $4.01M | $4.89M | $8.92M | $384.00K | $177.03K | $244.35K | $170.53K | $294.50K | $96.76K | $116.72K |
| Inventory | $3.40M | $4.88M | $5.13M | $1.29M | $361.42K | $366.30K | $269.02K | $332.89K | $335.27K | $251.52K |
| Other Current Assets | - | - | - | - | $27.91K | $96.79K | $43.71K | $48.21K | $29.84K | $43.34K |
| Total Current Assets | $24.16M | $31.48M | $43.64M | $21.18M | $1.37M | $877.45K | $715.16K | $1.08M | $802.11K | $1.63M |
| Property Plant & Equipment | $2.50M | $3.41M | $3.99M | $1.25M | $1.11M | $1.34M | $1.52M | $1.76M | $1.98M | $2.22M |
| Goodwill | $156.00K | $156.00K | $731.00K | - | - | - | - | - | - | - |
| Intangible Assets | $422.00K | $524.00K | $14.42M | $50.00K | $100.00K | $125.00K | $200.00K | $225.00K | $250.00K | $275.00K |
| Other Non-current Assets | - | - | - | $6.21M | - | - | - | - | - | - |
| Total Assets | $27.46M | $36.48M | $64.47M | $28.64M | $2.63M | $2.43M | $2.44M | $3.06M | $3.03M | $4.32M |
| Accounts Payable | $5.81M | $6.60M | - | - | - | - | - | - | - | - |
| Deferred Revenue | $193.00K | $89.00K | $42.00K | $36.00K | $36.70K | $41.21K | $19.70K | $215.99K | $2.62K | $16.66K |
| Other Current Liabilities | $82.00K | $48.00K | $18.00K | $28.00K | - | - | - | - | - | - |
| Total Current Liabilities | $9.13M | $8.21M | $14.24M | $2.06M | $1.52M | $1.44M | $1.06M | $1.20M | $720.62K | $1.13M |
| Long-term Debt | $1.29M | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $10.04M | $9.68M | $16.38M | $2.87M | $2.07M | $1.79M | $1.06M | $1.20M | $720.62K | $1.43M |
| Common Stock | $3.00K | $3.00K | $2.00K | $1.00K | $408.00 | $12.00 | $93.00 | $94.00 | $5.73K | $1.93K |
| Retained Earnings | $-60.06M | $-48.95M | $-34.92M | $-31.15M | $-13.88M | $-11.12M | $-9.74M | $-8.54M | $-4.60M | $-2.01M |
| Treasury Stock | $100.00K | - | - | - | - | - | - | - | - | - |
| Total Stockholders Equity | $17.31M | $26.68M | $32.18M | $25.78M | $565.19K | $639.71K | $1.38M | $1.86M | $2.31M | $2.88M |
| Total Liabilities & Equity | $27.46M | $36.48M | $64.47M | $28.64M | $2.63M | $2.43M | $2.44M | $3.60M | $3.03M | $4.32M |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-10.46M | $-10.46M | $-14.03M | $-3.78M | $-9.16M | $-2.76M | $-1.38M | $-1.19M | $-3.94M | $-2.59M | $-2.06M |
| Depreciation & Amortization | - | $540.00K | $2.50M | $2.11M | $490.00K | $294.93K | $275.33K | $288.86K | $284.39K | $291.80K | $298.05K |
| Stock-based Compensation | - | - | - | - | - | $830.90K | - | $219.52K | $600.00K | $190.00K | $1.07M |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $-572.00K | $-383.00K | $-5.34M | $3.45M | $34.00K | $-67.32K | $73.83K | $-123.97K | $197.74K | $-19.96K | $-853.00 |
| Change in Inventory | $-1.50M | $-1.46M | $-12.00K | $2.22M | $267.00K | $-4.88K | $97.27K | $-63.87K | $-2.37K | $83.75K | $27.58K |
| Operating Cash Flow | $-11.29M | $-6.13M | $-5.46M | $-3.60M | $-3.60M | $-836.98K | $-659.20K | $-590.18K | $-315.25K | $-1.04M | $-620.94K |
| Capital Expenditure | $127.00K | $71.00K | $189.00K | $647.00K | $716.00K | $34.90K | $70.19K | $30.33K | $33.19K | $26.45K | $90.85K |
| Investing Cash Flow | $239.00K | $163.00K | $-953.00K | $5.20M | $-7.72M | $-34.90K | $-70.19K | $-30.33K | $-33.19K | $-26.45K | $-559.91K |
| Stock Issued | - | - | - | $6.00M | $13.83M | - | - | - | - | $350.00K | $1.65M |
| Stock Repurchased | - | $100.00K | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-620.00K | $-225.00K | $72.00K | $5.86M | $13.01M | $1.57M | $659.33K | $532.03K | $439.55K | $242.57K | $2.09M |
| Net Change in Cash | $-11.80M | $-6.25M | $-6.35M | $7.42M | $1.62M | $653.40K | $-67.53K | $-90.44K | $118.59K | $-848.60K | $897.44K |
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 | $13.75M | - | $41.52M | - |
| Cost of Revenue | $11.02M | - | $32.44M | - |
| Gross Profit | $2.73M | - | $9.08M | - |
| Operating Expenses | $4.72M | - | $14.38M | - |
| Selling General & Admin | $1.51M | - | $4.42M | - |
| Operating Income | $-1.99M | - | $-5.30M | - |
| Interest Expense | $14.00K | - | $47.00K | - |
| Interest Income | $88.00K | - | $295.00K | - |
| Other Income/Expense | $-222.00K | - | - | - |
| Income Before Tax | $-2.21M | - | $-5.30M | - |
| Income Tax Expense | $-26.00K | - | $14.00K | - |
| Net Income | $-2.19M | $-10.74M | $-5.32M | - |
| Basic EPS | -0.08 | - | -0.20 | - |
| Basic Shares Outstanding | $25.99M | - | $25.97M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $13.93M | $19.96M |
| Accounts Receivable | $4.02M | $4.89M |
| Inventory | $5.62M | $4.88M |
| Total Current Assets | $26.21M | $31.48M |
| Property Plant & Equipment | $2.59M | $3.41M |
| Goodwill | $156.00K | $156.00K |
| Intangible Assets | $448.00K | $524.00K |
| Total Assets | $30.01M | $36.48M |
| Deferred Revenue | $243.00K | $89.00K |
| Other Current Liabilities | $4.00K | $48.00K |
| Total Current Liabilities | $7.36M | $8.21M |
| Total Liabilities | $8.47M | $9.68M |
| Common Stock | $3.00K | $3.00K |
| Retained Earnings | $-54.27M | $-48.95M |
| Treasury Stock | $100.00K | - |
| Total Stockholders Equity | $21.43M | $26.68M |
| Total Liabilities & Equity | $30.01M | $36.48M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.19M | $-10.74M | $-5.32M | - |
| Change in Receivables | - | - | $13.00K | - |
| Change in Inventory | - | - | $756.00K | - |
| Operating Cash Flow | - | - | $-5.83M | - |
| Capital Expenditure | - | - | $34.00K | - |
| Investing Cash Flow | - | - | $200.00K | - |
| Stock Repurchased | - | - | $100.00K | - |
| Financing Cash Flow | - | - | $-358.00K | - |
| Net Change in Cash | - | - | $-6.03M | - |
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.