$32.22M
Revenue
$5.09M
Net Income
49.61%
Gross Margin
-10.49%
Op. Margin
-
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $-12.91M | $18.76M | $14.11M | $12.26M | $15.14M | $13.70M | $13.20M | $12.65M | $13.16M | $13.75M | $17.21M | $16.78M | $18.25M | $18.82M |
| Revenue Growth % (YoY) | -185.3% | 36.9% | 6.9% | -3.1% | 15.1% | -0.3% | -23.3% | -24.6% | -27.9% | -26.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $-13.79M | $12.06M | $9.70M | $8.26M | $12.76M | $15.42M | $9.87M | $8.93M | $8.72M | $10.10M | $12.41M | $11.71M | $13.27M | $13.74M |
| Gross Profit | $880.84K | $6.69M | $4.41M | $4.00M | $2.38M | $-1.72M | $3.33M | $3.72M | $4.43M | $3.65M | $4.80M | $5.07M | $4.98M | $5.08M |
| Gross Margin % | -6.8% | 35.7% | 31.3% | 32.6% | 15.7% | -12.5% | 25.2% | 29.4% | 33.7% | 26.6% | 27.9% | 30.2% | 27.3% | 27.0% |
| Operating Expenses | $1.06M | $6.12M | $6.24M | $5.94M | $5.49M | $5.02M | $5.59M | $4.99M | $4.77M | $7.63M | $8.21M | $5.27M | $4.63M | $4.91M |
| Research & Development | $1.11M | $1.45M | $1.52M | $1.36M | $1.25M | $950.37K | $925.60K | $970.88K | $1.13M | $1.05M | $954.65K | $1.20M | $1.09M | $1.16M |
| Selling General & Admin | $260.01K | $2.34M | $2.39M | $2.37M | $2.41M | $2.06M | $2.41M | $2.09M | $1.97M | $1.94M | $3.07M | $2.29M | $1.79M | $1.89M |
| Operating Income | $-180.40K | $570.10K | $-1.82M | $-1.94M | $-3.11M | $-6.73M | $-2.25M | $-1.26M | $-331.13K | $-3.98M | $-3.41M | $-196.35K | $352.90K | $163.38K |
| Operating Margin % | 1.4% | 3.0% | -12.9% | -15.9% | -20.5% | -49.1% | -17.1% | -10.0% | -2.5% | -29.0% | -19.8% | -1.2% | 1.9% | 0.9% |
| Interest Expense | $-40.42K | $39.02K | $26.79K | $13.10K | $-66.88K | $69.38K | $19.10K | $35.34K | $29.66K | $31.47K | $23.94K | $32.70K | $28.68K | $30.04K |
| Other Income/Expense | $108.24K | $-61.10K | $-9.20K | $-21.63K | $30.65K | $-14.40K | $21.83K | $7.28K | $-34.45K | $13.04K | $31.84K | $-20.22K | $463.95K | $-11.05K |
| Income Before Tax | $87.80K | $530.37K | $-1.80M | $-1.91M | $-2.98M | $-6.65M | $-2.13M | $-1.15M | $-235.76K | $-3.41M | $-2.00M | $-139.01K | $873.00K | $168.69K |
| Income Tax Expense | $-589.23K | $266.88K | $224.19K | $109.47K | $157.12K | $167.09K | $211.03K | $191.27K | $41.80K | $226.97K | $396.86K | $261.50K | $4.14M | $36.16K |
| Net Income | $8.86M | $263.49K | $-2.02M | $-2.02M | $-3.13M | $-6.82M | $-2.34M | $-1.34M | $-277.56K | $-3.64M | $-2.40M | $-400.51K | $-3.26M | $132.53K |
| Net Margin % | -68.7% | 1.4% | -14.3% | -16.5% | -20.7% | -49.7% | -17.8% | -10.6% | -2.1% | -26.5% | -13.9% | -2.4% | -17.9% | 0.7% |
| Basic EPS | nan | 0.01 | -0.09 | -0.09 | -0.15 | -0.32 | -0.11 | -0.06 | 0.00 | -0.18 | -0.12 | -0.02 | -0.16 | 0.01 |
| Diluted EPS | nan | 0.01 | -0.09 | -0.09 | -0.15 | -0.32 | -0.11 | -0.06 | 0.00 | -0.18 | -0.12 | -0.02 | -0.16 | 0.01 |
| Basic Shares Outstanding | 727K | 22.0M | 21.7M | 21.4M | 56K | 21.0M | 20.9M | 20.7M | 447K | 20.6M | 20.4M | 20.3M | 111K | 20.0M |
| Diluted Shares Outstanding | 1.5M | 22.8M | 21.7M | 21.4M | 56K | 21.0M | 20.9M | 20.7M | 447K | 20.6M | 20.4M | 20.3M | -851K | 21.1M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $31.17M | $6.51M | $8.46M | $6.50M | $6.79M | $9.40M | $6.75M | $6.90M | $4.05M | $3.74M | $6.10M | $3.47M | $3.11M | $3.18M |
| Short-term Investments | - | - | $1.03M | $2.62M | $3.22M | $3.18M | $5.02M | $5.96M | $7.77M | $9.44M | $9.32M | $9.22M | $10.12M | $9.54M |
| Accounts Receivable | $11.55M | $12.02M | $7.11M | $7.25M | $8.18M | $9.33M | $8.43M | $7.41M | $8.32M | $8.98M | $9.23M | $10.11M | $11.33M | $11.39M |
| Inventory | $5.42M | $15.33M | $14.60M | $15.10M | $13.18M | $15.30M | $20.15M | $21.48M | $21.69M | $22.23M | $21.46M | $23.64M | $20.78M | $20.09M |
| Other Current Assets | $472.88K | $2.14M | $1.22M | $1.18M | $836.36K | $960.24K | $1.47M | $832.05K | $611.07K | $668.66K | $1.23M | $1.44M | $502.16K | $1.03M |
| Total Current Assets | $50.82M | $36.00M | $32.42M | $32.64M | $32.20M | $38.17M | $41.82M | $42.58M | $42.44M | $45.05M | $47.34M | $47.88M | $45.84M | $45.23M |
| Property Plant & Equipment | $674.65K | $1.52M | $1.44M | $1.47M | $1.67M | $1.86M | $2.00M | $2.25M | $2.37M | $2.26M | $2.43M | $2.45M | $2.57M | $2.59M |
| Goodwill | - | $1.49M | $1.49M | $1.49M | $1.49M | $1.49M | $1.49M | $1.49M | $1.49M | $1.49M | $4.42M | $7.12M | $7.12M | $7.12M |
| Intangible Assets | $73.91K | - | - | - | - | - | - | - | - | - | $10.54K | $26.35K | $42.15K | $57.96K |
| Total Assets | $52.82M | $43.06M | $39.38M | $37.11M | $36.93M | $43.67M | $47.41M | $48.31M | $48.27M | $51.51M | $54.82M | $58.15M | $56.36M | $59.63M |
| Accounts Payable | $1.72M | $6.03M | $4.10M | $4.48M | $2.07M | $4.06M | $2.86M | $2.67M | $1.20M | $3.23M | $2.81M | $5.73M | $4.59M | $5.06M |
| Deferred Revenue | $339.24K | - | - | - | $218.50K | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $5.57M | $12.87M | $9.25M | $9.56M | $8.20M | $11.49M | $9.25M | $8.25M | $6.87M | $10.63M | $11.40M | $13.12M | $11.10M | $12.23M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - | - | $207.45K | $409.29K | $558.50K |
| Deferred Tax Liabilities | - | $39.78K | $77.56K | $45.57K | $52.57K | - | - | - | $44.67K | - | $136.75K | $137.22K | $138.66K | - |
| Total Liabilities | $6.82M | $16.72M | $13.17M | $11.06M | $9.76M | $13.05M | $10.86M | $9.94M | $8.68M | $12.36M | $11.68M | $13.73M | $12.04M | $13.29M |
| Common Stock | $2.46K | $2.20K | $2.19K | $2.16K | $2.12K | $2.11K | $2.10K | $2.09K | $2.07K | $2.06K | $2.05K | $2.04K | $2.01K | $2.00K |
| Retained Earnings | $-16.97M | $-25.83M | $-26.09M | $-24.07M | $-22.05M | $-18.92M | $-12.10M | $-9.76M | $-8.42M | $-8.14M | $-4.50M | $-2.10M | $-1.70M | $1.56M |
| Total Stockholders Equity | $46.01M | $26.34M | $26.20M | $26.05M | $27.17M | $30.62M | $36.55M | $38.37M | $39.58M | $39.15M | $43.14M | $44.42M | $44.32M | $46.35M |
| Total Liabilities & Equity | $52.82M | $43.06M | $39.38M | $37.11M | $36.93M | $43.67M | $47.41M | $48.31M | $48.27M | $51.51M | $54.82M | $58.15M | $56.36M | $59.63M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $8.86M | $263.49K | $-4.04M | $-2.02M | $-3.13M | $-6.82M | $-3.68M | $-1.34M | $-277.56K | $-6.44M | $-2.40M | $-400.51K | $-3.26M | $132.53K |
| Stock-based Compensation | $247.75K | $444.62K | $1.13M | $612.56K | $564.18K | $1.42M | $965.94K | $408.74K | $454.46K | $1.89M | $898.01K | $474.21K | $533.49K | $542.17K |
| Deferred Income Tax | $491.05K | $-534.59K | $-295.89K | $1.74K | $579.65K | $-551.57K | $-187.84K | $-188.67K | - | - | - | - | - | - |
| Change in Receivables | $4.03M | $3.33M | $-1.52M | $-1.07M | $-812.95K | $1.00M | $220.53K | $-842.06K | $-456.58K | $-2.64M | $-2.53M | $-1.63M | $-325.32K | $6.58M |
| Change in Inventory | $-1.22M | $543.53K | $-24.26K | $1.42M | $-1.55M | $888.97K | $-541.32K | $66.01K | $-978.04K | $2.61M | $918.50K | $2.91M | $480.46K | $9.07M |
| Change in Payables | $-2.93M | $3.69M | $1.85M | $2.34M | $-1.90M | $2.82M | $1.68M | $1.49M | $-2.10M | $-1.31M | $-1.81M | $1.10M | $-741.01K | $3.26M |
| Operating Cash Flow | - | $-4.93M | $-1.50M | $-1.14M | $-2.25M | $2.14M | $1.23M | $2.04M | $-665.15K | $225.47K | $2.05M | $23.96K | $868.87K | $-8.67M |
| Capital Expenditure | $-353.28K | $467.88K | $173.33K | $12.79K | $63.96K | $298.79K | $204.09K | $167.17K | $447.29K | $374.46K | $299.89K | $85.08K | $244.41K | $285.50K |
| Investing Cash Flow | - | $2.74M | $2.01M | $584.50K | $-102.48K | $4.29M | $2.54M | $1.64M | $1.22M | $298.40K | $503.05K | $833.52K | $-809.60K | $4.72M |
| Financing Cash Flow | - | $1.51M | $697.30K | $129.66K | $-39.76K | $-1.14M | $-1.01M | $-799.97K | $-306.75K | $135.40K | $413.57K | $-525.93K | $-293.29K | $2.24M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.