$54.32M
Revenue
$-10.46M
Net Income
20.08%
Gross Margin
-16.57%
Op. Margin
$-11.42M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $12.80M | $13.75M | $13.24M | $14.53M | $15.63M | $15.37M | $16.99M |
| Revenue Growth % (YoY) | -18.1% | -10.5% | -22.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $10.97M | $11.02M | $10.36M | $11.06M | $13.54M | $11.85M | $11.18M |
| Gross Profit | $1.83M | $2.73M | $2.88M | $3.46M | $2.09M | $3.52M | $5.81M |
| Gross Margin % | 14.3% | 19.9% | 21.8% | 23.8% | 13.4% | 22.9% | 34.2% |
| Operating Expenses | $5.53M | $4.72M | $4.71M | $4.95M | $4.98M | $11.52M | $16.70M |
| Selling General & Admin | $1.63M | $1.51M | $1.47M | $1.43M | $1.34M | $2.29M | $2.22M |
| Operating Income | $-3.70M | $-1.99M | $-1.83M | $-1.49M | $-2.89M | $-8.00M | $-10.90M |
| Operating Margin % | -28.9% | -14.5% | -13.8% | -10.2% | -18.5% | -52.1% | -64.1% |
| Interest Expense | $17.00K | $47.00K | $33.00K | $18.00K | $40.00K | $41.00K | $371.00K |
| Interest Income | $63.00K | $88.00K | $99.00K | $108.00K | $135.00K | $183.00K | $197.00K |
| Other Income/Expense | $-1.46M | $-222.00K | $71.00K | $151.00K | $-151.00K | $380.00K | $173.00K |
| Income Before Tax | $-5.16M | $-2.21M | $-1.76M | $-1.33M | $-2.44M | $-7.62M | $-10.72M |
| Income Tax Expense | $-14.00K | $-26.00K | $31.00K | $9.00K | $-21.00K | $45.00K | $20.00K |
| Net Income | $-5.15M | $-2.19M | $-1.79M | $-1.34M | $-3.02M | $-4.22M | $-5.31M |
| Net Margin % | -40.2% | -15.9% | -13.5% | -9.2% | -19.3% | -27.4% | -31.3% |
| Basic EPS | nan | -0.08 | -0.07 | -0.05 | -0.10 | -0.22 | -0.28 |
| Diluted EPS | nan | nan | nan | nan | nan | -0.22 | nan |
| Basic Shares Outstanding | 561K | 26.0M | 26.0M | 26.0M | 1.8M | 19.0M | 18.8M |
| Diluted Shares Outstanding | - | - | - | - | 1.8M | 19.0M | - |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $13.71M | $13.93M | $16.64M | $17.74M | $19.96M | $20.36M | $24.88M |
| Accounts Receivable | $4.01M | $4.02M | $3.15M | $5.53M | $4.89M | $6.58M | $10.37M |
| Inventory | $3.40M | $5.62M | $5.21M | $4.51M | $4.88M | $6.36M | $4.70M |
| Total Current Assets | $24.16M | $26.21M | $26.86M | $30.48M | $31.48M | $35.79M | $42.04M |
| Property Plant & Equipment | $2.50M | $2.59M | $2.84M | $3.27M | $3.41M | $3.60M | $3.69M |
| Goodwill | $156.00K | $156.00K | $156.00K | $156.00K | $156.00K | $156.00K | $156.00K |
| Intangible Assets | $422.00K | $448.00K | $473.00K | $498.00K | $524.00K | $555.00K | $4.56M |
| Total Assets | $27.46M | $30.01M | $31.03M | $35.20M | $36.48M | $41.10M | $51.46M |
| Accounts Payable | $5.81M | - | - | - | $6.60M | - | - |
| Deferred Revenue | $193.00K | $243.00K | $303.00K | $139.00K | $89.00K | $104.00K | $142.00K |
| Other Current Liabilities | $82.00K | $4.00K | $1.00K | $27.00K | $48.00K | $24.00K | $23.00K |
| Total Current Liabilities | $9.13M | $7.36M | $6.21M | $8.42M | $8.21M | $9.67M | $12.75M |
| Long-term Debt | $1.29M | - | - | - | - | - | - |
| Total Liabilities | $10.04M | $8.47M | $7.42M | $9.75M | $9.68M | $11.31M | $14.49M |
| Common Stock | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K | $2.00K | $2.00K |
| Retained Earnings | $-60.06M | $-54.27M | $-52.08M | $-50.29M | $-48.95M | $-45.93M | $-41.72M |
| Treasury Stock | $100.00K | $100.00K | - | - | - | - | - |
| Total Stockholders Equity | $17.31M | $21.43M | $23.49M | $25.34M | $26.68M | $22.46M | $26.53M |
| Total Liabilities & Equity | $27.46M | $30.01M | $31.03M | $35.20M | $36.48M | $41.10M | $51.46M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Net Income | $-5.15M | $-2.19M | $-1.79M | $-1.34M | $-3.02M | $-4.22M | $-5.31M |
| Depreciation & Amortization | - | - | - | - | $211.00K | $478.00K | $903.00K |
| Change in Receivables | $-396.00K | $13.00K | $-1.73M | $1.54M | $-2.29M | $-3.06M | $513.00K |
| Change in Inventory | $-2.22M | $756.00K | $354.00K | $-386.00K | $-1.10M | $1.09M | $-571.00K |
| Operating Cash Flow | $-302.00K | $-5.83M | $-3.10M | $-2.06M | $-476.00K | $-4.99M | $-379.00K |
| Capital Expenditure | $37.00K | $34.00K | $34.00K | $22.00K | $-32.00K | $221.00K | $124.00K |
| Investing Cash Flow | $-37.00K | $200.00K | $98.00K | $-22.00K | $28.00K | $-981.00K | $-981.00K |
| Stock Issued | - | - | - | - | - | - | - |
| Stock Repurchased | - | $100.00K | - | - | - | - | - |
| Financing Cash Flow | $133.00K | $-358.00K | $-261.00K | $-134.00K | $22.00K | $50.00K | $-34.00K |
| Net Change in Cash | $-217.00K | $-6.03M | $-3.33M | $-2.22M | $-400.00K | $-5.95M | $-1.43M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.