$27.02M
Revenue
$-9.84M
Net Income
29.15%
Gross Margin
-36.13%
Op. Margin
$-51.90M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $27.02M | $27.02M | $7.28M | $7.47M | $15.01M | $8.26M |
| Revenue Growth % | 0.0% | 271.2% | -2.5% | -50.2% | 81.7% | nan% |
| Cost of Revenue | $19.15M | $19.15M | $6.81M | $6.16M | $10.26M | $10.82M |
| Gross Profit | $7.88M | $7.88M | $469.21K | $1.31M | $4.75M | $-2.56M |
| Gross Margin % | 29.2% | 29.2% | 6.4% | 17.5% | 31.6% | -31.0% |
| Research & Development | $846.85K | $846.85K | $1.53M | $1.81M | $1.65M | $251.56K |
| Operating Income | $-9.76M | $-9.76M | $-10.98M | $-11.45M | $-6.87M | $-7.46M |
| Operating Margin % | -36.1% | -36.1% | -150.9% | -153.2% | -45.7% | -90.3% |
| Interest Expense | $290.56K | $282.83K | $3.87K | $7.16K | $9.19K | $20.27K |
| Interest Income | - | $446.94K | $37.22K | - | - | - |
| Other Income/Expense | $47.03K | $7.42K | $-120.42K | $212.01K | $9.56K | $1.47M |
| Net Income | $-9.84M | $-9.84M | $-10.76M | $-11.24M | $-6.86M | $-6.01M |
| Net Margin % | -36.4% | -36.4% | -147.8% | -150.5% | -45.7% | -72.7% |
| Basic EPS | nan | -0.64 | -1.39 | -1.56 | -1.11 | -1.63 |
| Diluted EPS | nan | -0.64 | -1.39 | -1.56 | -1.11 | -1.63 |
| Basic Shares Outstanding | 1.7M | 15.3M | 7.7M | 7.2M | 6.2M | 3.7M |
| Diluted Shares Outstanding | 1.7M | 15.3M | 7.7M | 7.2M | 6.2M | 3.7M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $15.47M | $6.27M | $2.44M | $1.12M | $893.72K |
| Accounts Receivable | $730.21K | $403.44K | $1.46M | $3.42M | $1.74M |
| Inventory | $306.76K | $605.36K | $1.53M | $1.43M | $298.34K |
| Other Current Assets | $489.07K | $176.34K | $184.48K | $441.32K | $354.61K |
| Total Current Assets | $23.08M | $8.09M | $6.26M | $6.83M | $3.29M |
| Property Plant & Equipment | $27.74M | $2.77M | $726.51K | $629.49K | $603.25K |
| Intangible Assets | $186.07K | $127.30K | $129.14K | $69.73K | $66.48K |
| Total Assets | $63.41M | $34.96M | $12.84M | $13.09M | $9.48M |
| Accounts Payable | $4.86M | $969.82K | $595.63K | $2.29M | $1.04M |
| Accrued Liabilities | $306.20K | $373.25K | $164.11K | $453.02K | $618.09K |
| Deferred Revenue | - | $11.81M | $1.67M | $958.00K | $596.67K |
| Total Current Liabilities | $11.09M | $16.09M | $3.25M | $4.50M | $3.94M |
| Total Liabilities | $14.86M | $32.70M | $7.48M | $9.04M | $8.70M |
| Common Stock | $20.45K | $8.92K | $7.31K | $7.16K | $4.11K |
| Retained Earnings | $-84.20M | $-74.37M | $-63.60M | $-52.36M | $-45.50M |
| Total Stockholders Equity | $48.55M | $2.26M | $5.37M | $4.05M | $781.49K |
| Total Liabilities & Equity | $63.41M | $34.96M | $12.84M | $13.09M | $9.48M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-9.84M | $-9.84M | $-10.76M | $-11.24M | $-6.86M | $-6.01M |
| Depreciation & Amortization | $4.25M | $2.11M | $2.16M | $550.20K | $350.19K | $275.35K |
| Stock-based Compensation | $7.19M | $4.06M | $108.98K | $710.05K | $819.19K | $262.41K |
| Change in Receivables | $846.05K | $621.20K | $-982.99K | $-1.96M | $1.68M | $611.02K |
| Change in Inventory | $-159.59K | $-28.53K | $-52.70K | $97.80K | $1.13M | $185.91K |
| Change in Payables | $3.54M | $3.89M | $374.19K | $-1.69M | - | - |
| Operating Cash Flow | $-26.30M | $-13.75M | $-3.49M | $-8.75M | $-7.87M | $-6.58M |
| Capital Expenditure | $25.60M | $23.66M | $1.83M | $496.69K | $344.92K | $545.50K |
| Investing Cash Flow | $-25.70M | $-23.73M | $-1.84M | $-1.09M | $-644.89K | $-552.94K |
| Stock Issued | $63.61M | $53.96M | $3.54M | - | $8.80M | - |
| Financing Cash Flow | $53.95M | $46.69M | $9.15M | $11.16M | $8.75M | $4.06M |
| Net Change in Cash | $1.95M | $9.21M | $3.82M | - | - | - |
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 | $6.88M | - | $17.57M | - |
| Cost of Revenue | $4.36M | - | $12.22M | - |
| Gross Profit | $2.52M | - | $5.35M | - |
| Research & Development | $115.08K | - | $846.85K | - |
| Operating Income | $-1.12M | - | $-6.35M | - |
| Interest Expense | $29.33K | - | $191.62K | - |
| Interest Income | $200.61K | - | $240.22K | - |
| Other Income/Expense | $-3.49K | - | $-1.81K | - |
| Net Income | $-1.04M | $-3.20M | $-6.64M | - |
| Basic EPS | -0.06 | - | -0.49 | - |
| Diluted EPS | -0.06 | - | -0.49 | - |
| Basic Shares Outstanding | $17.31M | - | $13.54M | - |
| Diluted Shares Outstanding | $17.31M | - | $13.54M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $33.20M | $6.27M |
| Accounts Receivable | $136.29K | $109.01K |
| Inventory | $503.77K | $605.36K |
| Other Current Assets | $533.63K | $176.34K |
| Total Current Assets | $37.24M | $8.09M |
| Property Plant & Equipment | $11.99M | $2.77M |
| Intangible Assets | $177.67K | $127.30K |
| Total Assets | $69.79M | $34.96M |
| Accounts Payable | $888.79K | $969.82K |
| Accrued Liabilities | $483.71K | $373.25K |
| Total Current Liabilities | $9.67M | $16.09M |
| Total Liabilities | $20.29M | $32.70M |
| Common Stock | $20.32K | $8.92K |
| Retained Earnings | $-81.01M | $-74.37M |
| Total Stockholders Equity | $49.50M | $2.26M |
| Total Liabilities & Equity | $69.79M | $34.96M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.04M | $-3.20M | $-6.64M | - |
| Depreciation & Amortization | - | - | $1.96M | - |
| Stock-based Compensation | - | - | $3.10M | - |
| Change in Receivables | - | - | $27.28K | - |
| Change in Inventory | - | - | $-26.98K | - |
| Change in Payables | - | - | $-81.03K | - |
| Operating Cash Flow | - | - | $-11.03M | - |
| Capital Expenditure | - | - | $7.81M | - |
| Investing Cash Flow | - | - | $-7.87M | - |
| Stock Issued | - | - | $53.96M | - |
| Financing Cash Flow | - | - | $45.84M | - |
| Net Change in Cash | - | - | $26.94M | - |
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.