$32.22M
Revenue
$5.09M
Net Income
49.61%
Gross Margin
-10.49%
Op. Margin
-
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 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $32.22M | $32.22M | $54.69M | $60.90M | $72.42M | $61.98M | $51.90M | $58.31M | $37.03M |
| Revenue Growth % | 0.0% | -41.1% | -10.2% | -15.9% | 16.8% | 19.4% | -11.0% | 57.5% | nan% |
| Cost of Revenue | $16.23M | $16.23M | $46.98M | $42.94M | $52.02M | $42.34M | $35.46M | $38.91M | $25.69M |
| Gross Profit | $15.98M | $15.98M | $7.72M | $17.95M | $20.40M | $19.64M | $16.43M | $19.40M | $11.33M |
| Gross Margin % | 49.6% | 49.6% | 14.1% | 29.5% | 28.2% | 31.7% | 31.7% | 33.3% | 30.6% |
| Operating Expenses | $19.36M | $19.36M | $21.08M | $25.88M | $18.83M | $17.89M | $16.86M | $20.18M | $14.51M |
| Research & Development | $5.44M | $5.44M | $4.10M | $4.33M | $4.74M | $4.03M | $4.32M | $4.84M | $4.00M |
| Selling General & Admin | $7.36M | $7.36M | $8.97M | $9.26M | $7.28M | $7.66M | $8.42M | $8.50M | $6.51M |
| Operating Income | $-3.38M | $-3.38M | $-13.36M | $-7.92M | $1.57M | $1.75M | $-424.28K | $-779.02K | $-3.18M |
| Operating Margin % | -10.5% | -10.5% | -24.4% | -13.0% | 2.2% | 2.8% | -0.8% | -1.3% | -8.6% |
| Interest Expense | $38.50K | $2.52K | $4.03K | $117.77K | $162.39K | $527.14K | $550.77K | $165.56K | $65.69K |
| Other Income/Expense | $16.31K | $16.31K | $45.35K | $-9.81K | $550.85K | $-40.18K | $-53.61K | $281.49K | $271.88K |
| Income Before Tax | $-3.09M | $-3.09M | $-12.91M | $-5.79M | $2.19M | $2.94M | $-610.29K | $-663.09K | $-2.97M |
| Income Tax Expense | $11.31K | $11.31K | $726.50K | $927.13K | $4.42M | $605.67K | $-603.74K | $237.25K | $-1.40M |
| Net Income | $5.09M | $5.09M | $-13.63M | $-6.72M | $-2.23M | $2.33M | $-6.54K | $-900.34K | $-1.14M |
| Net Margin % | 15.8% | 15.8% | -24.9% | -11.0% | -3.1% | 3.8% | -0.0% | -1.5% | -3.1% |
| Basic EPS | nan | 0.23 | -0.65 | -0.32 | -0.11 | 0.13 | 0.00 | -0.06 | -0.09 |
| Diluted EPS | nan | 0.22 | -0.65 | -0.32 | -0.11 | 0.12 | 0.00 | -0.06 | -0.09 |
| Basic Shares Outstanding | 727K | 22.4M | 21.0M | 20.9M | 19.7M | 18.3M | 16.5M | 15.1M | 12.6M |
| Diluted Shares Outstanding | 1.5M | 23.2M | 21.0M | 20.9M | 19.7M | 19.5M | 16.5M | 15.1M | 12.6M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $31.17M | $6.79M | $4.05M | $3.11M | $5.10M | $6.32M | $5.19M | $2.27M |
| Short-term Investments | - | $3.22M | $7.77M | $10.12M | $14.54M | - | - | - |
| Accounts Receivable | $11.55M | $8.18M | $8.32M | $11.33M | $5.09M | $7.46M | $11.67M | $10.54M |
| Inventory | $5.42M | $13.18M | $21.69M | $20.78M | $12.28M | $9.65M | $7.37M | $6.82M |
| Other Current Assets | $472.88K | $836.36K | $611.07K | $502.16K | $580.65K | $655.71K | $453.94K | $666.33K |
| Total Current Assets | $50.82M | $32.20M | $42.44M | $45.84M | $37.59M | $24.08M | $24.68M | $20.30M |
| Property Plant & Equipment | $674.65K | $1.67M | $2.37M | $2.57M | $3.09M | $3.49M | $3.57M | $1.76M |
| Goodwill | - | $1.49M | $1.49M | $7.12M | $7.12M | $7.12M | $7.12M | $7.91M |
| Intangible Assets | $73.91K | - | - | $42.15K | $105.39K | $662.26K | $1.35M | $3.53M |
| Total Assets | $52.82M | $36.93M | $48.27M | $56.36M | $51.59M | $39.13M | $39.78M | $36.06M |
| Accounts Payable | $1.72M | $2.07M | $1.20M | $4.59M | $2.06M | $976.42K | $4.12M | $3.71M |
| Deferred Revenue | $339.24K | $218.50K | - | - | - | - | - | - |
| Total Current Liabilities | $5.57M | $8.20M | $6.87M | $11.10M | $9.63M | $7.81M | $10.66M | $9.22M |
| Long-term Debt | - | - | - | $409.29K | - | - | - | - |
| Deferred Tax Liabilities | - | $52.57K | $44.67K | $138.66K | - | - | - | - |
| Total Liabilities | $6.82M | $9.76M | $8.68M | $12.04M | $9.63M | $9.84M | $11.01M | $9.48M |
| Common Stock | $2.46K | $2.12K | $2.07K | $2.01K | $1.88K | $1.67K | $1.61K | $1.42K |
| Retained Earnings | $-16.97M | $-22.05M | $-8.42M | $-1.70M | $571.04K | $-1.76M | $-1.76M | $-854.86K |
| Total Stockholders Equity | $46.01M | $27.17M | $39.58M | $44.32M | $41.96M | $29.29M | $28.77M | $26.57M |
| Total Liabilities & Equity | $52.82M | $36.93M | $48.27M | $56.36M | $51.59M | $39.13M | $39.78M | $36.06M |
| 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 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $3.07M | $5.09M | $-13.63M | $-6.72M | $-2.23M | $2.33M | $-6.54K | $-900.34K | $-1.14M |
| Depreciation & Amortization | - | $771.55K | $927.28K | - | - | - | - | - | $1.35M |
| Stock-based Compensation | $2.43M | $1.82M | $1.99M | $2.35M | $1.99M | $1.70M | $724.38K | $649.47K | $527.34K |
| Deferred Income Tax | $-337.70K | $-43.54K | $28.08K | $-95.50K | - | - | - | - | - |
| Change in Receivables | $4.77M | $7.36M | $190.34K | $-3.10M | $6.25M | $-2.33M | $-4.29M | $1.17M | $2.56M |
| Change in Inventory | $719.24K | $-674.69K | $-658.30K | $1.64M | $9.55M | $3.46M | $2.63M | $1.01M | $-46.79K |
| Change in Payables | $4.94M | $761.29K | $926.23K | $-3.41M | $2.52M | $1.08M | $-3.15M | $424.57K | $-1.46M |
| Operating Cash Flow | - | - | $-108.10K | $-439.68K | $-7.81M | $5.62M | $-250.17K | $2.37M | $-3.91M |
| Capital Expenditure | $300.72K | $114.60K | $362.75K | $821.75K | $529.91K | $563.82K | $820.34K | $2.39M | $623.17K |
| Investing Cash Flow | - | - | $4.19M | $1.52M | $3.91M | $-15.11M | $-818.79K | $-2.39M | $-5.91M |
| Stock Issued | - | $12.50M | - | - | - | $10.00M | - | $2.70M | $19.50M |
| Financing Cash Flow | - | - | $-1.18M | $-171.34K | $1.95M | $8.43M | $2.11M | $2.92M | $11.90M |
| Net Change in Cash | - | $26.58M | $2.75M | - | - | - | - | - | - |
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 | $18.76M | $13.70M | $45.12M | $39.55M |
| Cost of Revenue | $12.06M | $15.42M | $30.02M | $34.22M |
| Gross Profit | $6.69M | $-1.72M | $15.10M | $5.34M |
| Operating Expenses | $6.12M | $5.02M | $18.30M | $15.59M |
| Research & Development | $1.45M | $950.37K | $4.33M | $2.85M |
| Selling General & Admin | $2.34M | $2.06M | $7.10M | $6.56M |
| Operating Income | $570.10K | $-6.73M | $-3.20M | $-10.25M |
| Interest Expense | $15.06K | $16.46K | $39.02K | $69.38K |
| Other Income/Expense | $-61.10K | $-14.40K | $-91.93K | $14.71K |
| Income Before Tax | $530.37K | $-6.65M | $-3.17M | $-9.93M |
| Income Tax Expense | $266.88K | $167.09K | $600.53K | $569.38K |
| Net Income | $263.49K | $-6.82M | $-3.77M | $-10.50M |
| Basic EPS | 0.01 | -0.32 | -0.17 | -0.50 |
| Diluted EPS | 0.01 | -0.32 | -0.17 | -0.50 |
| Basic Shares Outstanding | $21.95M | $21.05M | $21.68M | $20.90M |
| Diluted Shares Outstanding | $22.84M | $21.05M | $21.68M | $20.90M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $6.51M | $6.79M |
| Short-term Investments | - | $3.22M |
| Accounts Receivable | $12.02M | $8.18M |
| Inventory | $15.33M | $13.18M |
| Other Current Assets | $2.14M | $836.36K |
| Total Current Assets | $36.00M | $32.20M |
| Property Plant & Equipment | $1.52M | $1.67M |
| Goodwill | $1.49M | $1.49M |
| Total Assets | $43.06M | $36.93M |
| Accounts Payable | $6.03M | $2.07M |
| Total Current Liabilities | $12.87M | $8.20M |
| Deferred Tax Liabilities | $39.78K | $52.57K |
| Total Liabilities | $16.72M | $9.76M |
| Common Stock | $2.20K | $2.12K |
| Retained Earnings | $-25.83M | $-22.05M |
| Total Stockholders Equity | $26.34M | $27.17M |
| Total Liabilities & Equity | $43.06M | $36.93M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $263.49K | $-6.82M | $-3.77M | $-10.50M |
| Stock-based Compensation | $444.62K | $458.01K | $1.57M | $1.42M |
| Deferred Income Tax | - | - | $-534.59K | $-551.57K |
| Change in Receivables | - | - | $3.33M | $1.00M |
| Change in Inventory | - | - | $543.53K | $888.97K |
| Change in Payables | - | - | $3.69M | $2.82M |
| Operating Cash Flow | - | - | $-4.93M | $2.14M |
| Capital Expenditure | - | - | $467.88K | $298.79K |
| Investing Cash Flow | - | - | $2.74M | $4.29M |
| Financing Cash Flow | - | - | $1.51M | $-1.14M |
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.