$33.04M
Revenue
$-1.13M
Net Income
18.02%
Gross Margin
-1.53%
Op. Margin
$-7.72M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $33.04M | $34.03M | $31.59M | $31.43M | $22.28M | $15.60M | $16.01M | $16.70M | $18.73M | $18.55M | $16.85M |
| Revenue Growth % | -2.9% | 7.7% | 0.5% | 41.1% | 42.9% | -2.6% | -4.2% | -10.8% | 1.0% | 10.1% | nan% |
| Cost of Revenue | $27.08M | $29.70M | $27.47M | $26.53M | $18.91M | $12.13M | $12.87M | $12.12M | $14.75M | $12.45M | $11.36M |
| Gross Profit | $5.95M | $4.33M | $4.12M | $4.90M | $3.38M | $3.46M | $3.14M | $4.58M | $3.98M | $6.10M | $5.49M |
| Gross Margin % | 18.0% | 12.7% | 13.0% | 15.6% | 15.2% | 22.2% | 19.6% | 27.4% | 21.2% | 32.9% | 32.6% |
| Selling General & Admin | $6.46M | $6.49M | $8.75M | $6.01M | $4.94M | $2.84M | $2.79M | $2.75M | $3.01M | $4.34M | $3.39M |
| Operating Income | $-506.00K | $-2.16M | $-4.63M | $-1.11M | $-1.56M | $623.25K | $-141.28K | $1.84M | $967.30K | $2.88M | $2.11M |
| Operating Margin % | -1.5% | -6.3% | -14.7% | -3.5% | -7.0% | 4.0% | -0.9% | 11.0% | 5.2% | 15.5% | 12.5% |
| Interest Expense | $708.00K | $438.00K | $414.27K | $355.61K | $269.38K | $202.34K | $296.08K | $354.82K | $412.99K | $644.02K | $752.28K |
| Other Income/Expense | $-104.00K | $-51.00K | $43.00K | $321.80K | $-28.39K | $4.60K | $22.75K | $41.03K | $4.27K | $8.44K | $1.20K |
| Income Before Tax | $-1.14M | $-2.75M | $-5.11M | $-783.42K | $-542.19K | $425.51K | $-414.61K | $1.52M | $558.58K | $2.25M | $1.36M |
| Income Tax Expense | - | $-2.00K | $1.93M | $195.58K | $-192.35K | $104.88K | $-73.04K | $423.36K | $824.49K | $-2.83M | $-768.00 |
| Net Income | $-1.13M | $-2.75M | $-7.04M | $-979.01K | $-349.83K | $320.63K | $-341.57K | $1.10M | $-265.91K | $5.08M | $1.36M |
| Net Margin % | -3.4% | -8.1% | -22.3% | -3.1% | -1.6% | 2.1% | -2.1% | 6.6% | -1.4% | 27.4% | 8.1% |
| Basic EPS | -0.12 | -0.29 | -0.81 | -0.11 | -0.01 | 0.01 | -0.01 | 0.04 | -0.01 | 0.18 | 0.05 |
| Diluted EPS | -0.12 | -0.29 | -0.81 | -0.11 | -0.01 | 0.01 | -0.01 | 0.04 | -0.01 | 0.18 | 0.05 |
| Basic Shares Outstanding | 10.0M | 9.5M | 8.7M | 8.6M | 32.4M | 29.4M | 29.3M | 28.9M | 28.8M | 27.9M | 26.4M |
| Diluted Shares Outstanding | 10.0M | 9.5M | 8.7M | 8.6M | 32.4M | 31.0M | 29.3M | 30.3M | 28.8M | 28.6M | 26.6M |
| Breakdown | FY 2025 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $195.00K | $138.40K | $534.47K | $1.05M | $2.13M | $930.86K | $2.04M | $2.69M | $3.07M | $1.33M |
| Accounts Receivable | $2.19M | $2.37M | $2.34M | $3.01M | $608.06K | $990.30K | $1.01M | $1.79M | $1.87M | $2.02M |
| Inventory | - | - | - | - | - | $1.22M | $1.24M | $2.09M | - | - |
| Other Current Assets | $490.00K | $563.69K | $348.98K | $1.42M | $379.44K | $606.15K | $498.06K | $450.54K | $422.10K | $530.81K |
| Total Current Assets | $15.35M | $14.85M | $14.58M | $16.07M | $9.92M | $8.25M | $9.18M | $7.02M | $7.60M | $6.41M |
| Property Plant & Equipment | $13.79M | $14.80M | $13.91M | $13.15M | $4.06M | $4.18M | $4.86M | $5.20M | $4.91M | $4.81M |
| Other Non-current Assets | $122.00K | $121.26K | $121.26K | $121.26K | $84.62K | $32.60K | $6.23K | $6.86K | $100.00K | $223.69K |
| Total Assets | $33.53M | $34.75M | $36.21M | $37.85M | $16.00M | $14.58M | $16.05M | $14.28M | $16.00M | $12.13M |
| Accounts Payable | $2.44M | $1.41M | $2.22M | $3.43M | $500.85K | $185.06K | $609.08K | $345.70K | $365.31K | $996.07K |
| Accrued Liabilities | $3.69M | $4.26M | $2.53M | $3.44M | $1.53M | $1.55M | $753.50K | $788.08K | $893.41K | $1.80M |
| Deferred Revenue | $1.04M | $3.79M | $2.33M | $1.77M | $218.15K | $805.05K | $740.95K | $180.71K | - | - |
| Total Current Liabilities | $16.92M | $17.75M | $9.02M | $13.31M | $4.72M | $2.65M | $2.93M | $2.08M | $2.62M | $5.90M |
| Long-term Debt | $3.00K | - | $4.75M | $3.11M | $1.34M | $2.46M | $3.41M | $4.19M | $4.87M | $3.78M |
| Other Non-current Liabilities | $4.23M | $4.78M | $2.70M | $305.07K | - | - | - | - | - | - |
| Total Liabilities | $24.79M | $26.94M | $21.61M | $22.59M | $6.06M | - | - | - | - | - |
| Common Stock | $1.00K | $878.00 | $861.00 | $3.43K | $2.95K | $2.94K | $2.92K | $2.88K | $2.88K | $2.73K |
| Retained Earnings | $-10.15M | $-7.40M | $-356.44K | $622.57K | $972.40K | $651.77K | $993.34K | $-576.62K | $-310.71K | $-5.39M |
| Total Stockholders Equity | $8.74M | $7.80M | $14.59M | $15.26M | $9.94M | $9.47M | $9.71M | $8.01M | $7.97M | $1.73M |
| Total Liabilities & Equity | $33.53M | $34.75M | $36.21M | $37.85M | $16.00M | $14.58M | $16.05M | $14.28M | $16.00M | $12.13M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.13M | $-2.75M | $-7.04M | $-979.01K | $-349.83K | $320.63K | - | - | - | - | - |
| Depreciation & Amortization | $4.91M | $2.80M | $2.43M | $2.22M | $1.46M | $704.05K | $717.58K | $749.75K | $704.28K | $689.29K | $747.55K |
| Stock-based Compensation | $793.00K | $103.00K | $284.93K | $253.08K | $190.75K | $179.92K | $90.92K | $137.35K | $303.18K | $1.16M | $88.04K |
| Deferred Income Tax | - | - | $1.93M | $195.58K | $-192.35K | $181.06K | $-73.04K | $423.36K | $825.38K | $-2.87M | - |
| Change in Receivables | $2.11M | $-210.00K | $34.78K | $-672.77K | $842.94K | $-382.24K | $-20.14K | $-436.54K | $-75.79K | $-151.81K | $1.20M |
| Change in Inventory | $900.00K | $-368.00K | $837.12K | $177.91K | $42.49K | $53.54K | $-22.70K | $263.62K | $60.95K | $13.20K | $-6.22K |
| Change in Payables | $1.28M | $1.03M | $-815.96K | $-1.20M | $245.74K | $315.78K | $-424.02K | $263.38K | $-19.60K | $-630.76K | $-668.29K |
| Operating Cash Flow | $353.00K | $-599.00K | $1.30M | $3.14M | $257.84K | $635.85K | $676.78K | $531.31K | $1.26M | $1.73M | - |
| Capital Expenditure | $8.08M | $4.12M | $3.23M | $2.33M | $939.00K | $546.89K | $39.83K | $446.65K | $994.53K | $787.81K | $17.60K |
| Investing Cash Flow | $1.67M | $-1.08M | $-3.17M | $-2.32M | $-8.73M | $-607.93K | $-39.83K | $-411.34K | $-914.53K | $-787.81K | - |
| Debt Repayment | $1.19M | $654.00K | $600.10K | $605.90K | $397.49K | $120.44K | $1.70M | $752.35K | - | - | - |
| Stock Issued | - | - | - | - | $3.52M | - | $9.05K | $182.40K | - | - | - |
| Stock Repurchased | - | - | - | - | - | - | - | $188.60K | - | - | - |
| Financing Cash Flow | $-2.16M | $1.74M | $1.47M | $-1.34M | $7.40M | $1.17M | $-1.74M | $-772.55K | $-717.48K | $792.43K | - |
| Net Change in Cash | $-142.00K | $57.00K | $-396.07K | $-517.66K | $-1.08M | $1.20M | $-1.11M | $-652.46K | $-377.05K | $1.73M | $-4.16K |
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 | $7.09M | - | $23.56M | - |
| Cost of Revenue | $6.71M | - | $19.69M | - |
| Gross Profit | $381.00K | - | $3.87M | - |
| Selling General & Admin | $1.73M | - | $4.74M | - |
| Operating Income | $-1.35M | - | $-873.00K | - |
| Interest Expense | $121.00K | - | $294.00K | - |
| Other Income/Expense | $-121.00K | - | $2.00K | - |
| Income Before Tax | $-1.47M | - | $-1.25M | - |
| Net Income | $-1.47M | $-601.00K | $-1.25M | - |
| Basic EPS | -0.15 | - | -0.13 | - |
| Diluted EPS | -0.15 | - | -0.13 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $50.00K | $195.00K |
| Accounts Receivable | $2.66M | $2.19M |
| Other Current Assets | $515.00K | $490.00K |
| Total Current Assets | $17.56M | $15.35M |
| Property Plant & Equipment | $11.37M | $13.79M |
| Other Non-current Assets | $122.00K | $122.00K |
| Total Assets | $32.80M | $33.53M |
| Accounts Payable | $2.25M | $2.44M |
| Accrued Liabilities | $3.59M | $3.69M |
| Deferred Revenue | $3.15M | $1.04M |
| Total Current Liabilities | $18.05M | $16.92M |
| Long-term Debt | - | $3.00K |
| Other Non-current Liabilities | $3.70M | $4.23M |
| Total Liabilities | $24.82M | $24.79M |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $-11.39M | $-10.15M |
| Total Stockholders Equity | $7.98M | $8.74M |
| Total Liabilities & Equity | $32.80M | $33.53M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.47M | $-601.00K | $-1.25M | - |
| Depreciation & Amortization | $694.00K | - | $2.10M | - |
| Stock-based Compensation | - | - | $522.00K | - |
| Change in Receivables | - | - | $411.00K | - |
| Change in Inventory | - | - | $41.00K | - |
| Change in Payables | - | - | $-191.00K | - |
| Operating Cash Flow | - | - | $-253.00K | - |
| Capital Expenditure | - | - | $3.25M | - |
| Investing Cash Flow | - | - | $878.00K | - |
| Debt Repayment | - | - | $508.00K | - |
| Financing Cash Flow | - | - | $-770.00K | - |
| Net Change in Cash | - | - | $-145.00K | - |
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.