$81.45M
Revenue
$-4.58M
Net Income
29.86%
Gross Margin
-4.31%
Op. Margin
$23.00K
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $81.45M | $79.72M | $90.58M | $77.38M | $124.38M | $116.84M |
| Revenue Growth % | 2.2% | -12.0% | 17.1% | -37.8% | 6.5% | nan% |
| Cost of Revenue | $57.13M | $59.48M | $69.67M | $59.87M | $90.47M | $86.72M |
| Gross Profit | $24.32M | $20.24M | $20.91M | $17.51M | $33.91M | $30.12M |
| Gross Margin % | 29.9% | 25.4% | 23.1% | 22.6% | 27.3% | 25.8% |
| Operating Expenses | $27.83M | $30.83M | $31.73M | $33.50M | $25.52M | $23.29M |
| Research & Development | $1.06M | $1.23M | $1.50M | $1.85M | $1.70M | $1.69M |
| Operating Income | $-3.51M | $-10.60M | $-10.82M | $-15.98M | $8.39M | $6.84M |
| Operating Margin % | -4.3% | -13.3% | -11.9% | -20.7% | 6.7% | 5.9% |
| Interest Expense | - | $962.00K | $691.00K | $346.00K | $68.00K | $118.00K |
| Interest Income | - | $7.00K | $2.00K | $34.00K | - | - |
| Other Income/Expense | $-1.02M | $-1.16M | $-806.00K | $-378.00K | $-141.00K | $-318.00K |
| Income Before Tax | $-4.54M | $-11.76M | $-11.63M | $-16.36M | $8.25M | $6.52M |
| Income Tax Expense | $39.00K | $42.00K | $41.00K | $17.98M | $2.16M | $-19.62M |
| Net Income | $-4.58M | $-11.80M | $-11.67M | $-34.34M | $6.09M | $26.13M |
| Net Margin % | -5.6% | -14.8% | -12.9% | -44.4% | 4.9% | 22.4% |
| Basic EPS | -0.25 | -0.36 | -0.36 | -1.08 | 0.20 | 0.85 |
| Diluted EPS | -0.26 | -0.36 | -0.36 | -1.08 | 0.19 | 0.83 |
| Basic Shares Outstanding | 3.5M | 32.8M | 32.5M | 31.7M | 31.0M | 30.6M |
| Diluted Shares Outstanding | 3.6M | 32.8M | 32.5M | 31.7M | 31.3M | 31.3M |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $5.97M | $5.16M | $15.99M | $14.47M | $19.39M |
| Accounts Receivable | $12.85M | $14.02M | $13.73M | $11.90M | $13.57M |
| Inventory | $11.39M | $18.25M | $18.20M | $19.83M | $19.55M |
| Other Current Assets | $1.94M | $2.86M | $1.12M | $2.63M | $1.08M |
| Total Current Assets | $35.50M | $44.82M | $50.36M | $51.25M | $56.53M |
| Property Plant & Equipment | $8.03M | $9.59M | $10.47M | $11.47M | $11.37M |
| Goodwill | $1.48M | $1.48M | $1.48M | $350.00K | - |
| Intangible Assets | $3.38M | $4.46M | $6.00M | $2.40M | $1.95M |
| Other Non-current Assets | $4.08M | $2.81M | $3.26M | $3.54M | $3.18M |
| Total Assets | $52.46M | $63.17M | $71.58M | $86.82M | $92.82M |
| Accounts Payable | $13.27M | $18.35M | $13.40M | $9.86M | $17.05M |
| Accrued Liabilities | $12.73M | $9.44M | $10.55M | $8.43M | $13.23M |
| Deferred Revenue | $491.00K | $260.00K | $480.00K | $76.00K | $87.00K |
| Total Current Liabilities | $26.84M | $28.05M | $24.45M | $18.37M | $30.37M |
| Other Non-current Liabilities | $3.43M | $2.16M | $3.38M | $2.76M | $3.70M |
| Total Liabilities | $40.58M | $40.63M | $38.33M | $21.72M | $34.75M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-114.89M | $-103.09M | $-91.42M | $-57.08M | $-63.17M |
| Total Stockholders Equity | $11.88M | $22.54M | $33.25M | $65.10M | $58.07M |
| Total Liabilities & Equity | $52.46M | $63.17M | $71.58M | $86.82M | $92.82M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-4.58M | $-11.80M | $-11.67M | $-34.34M | $6.09M | $26.13M |
| Stock-based Compensation | $1.14M | $1.16M | $950.00K | $1.61M | $813.00K | $753.00K |
| Deferred Income Tax | - | $7.00K | $-5.00K | $17.88M | $1.98M | $-19.86M |
| Change in Receivables | $763.00K | $-800.00K | $464.00K | $586.00K | $-4.41M | $2.38M |
| Change in Inventory | $-4.68M | $-6.11M | $603.00K | $-1.88M | $420.00K | $5.32M |
| Change in Payables | $706.00K | $-5.08M | $4.99M | $2.37M | $-8.12M | $-2.64M |
| Operating Cash Flow | $497.00K | $599.00K | $-10.09M | $-2.29M | $-113.00K | $1.73M |
| Capital Expenditure | $474.00K | $99.00K | $837.00K | $586.00K | $518.00K | $902.00K |
| Purchases of Investments | - | - | - | - | $500.00K | - |
| Investing Cash Flow | $-434.00K | $128.00K | $-731.00K | $-6.20M | $-4.92M | $-946.00K |
| Stock Issued | - | - | - | $800.00K | - | - |
| Financing Cash Flow | $-6.06M | $90.00K | $-14.00K | $10.01M | $104.00K | $-10.14M |
| Net Change in Cash | $-6.00M | $817.00K | $-10.84M | $1.53M | $-4.93M | $-9.36M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (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 | $21.09M | - | $60.58M | - |
| Cost of Revenue | $14.58M | - | $42.00M | - |
| Gross Profit | $6.51M | - | $18.59M | - |
| Operating Expenses | $6.12M | - | $19.45M | - |
| Research & Development | $237.00K | - | $676.00K | - |
| Operating Income | $386.00K | - | $-869.00K | - |
| Interest Expense | - | - | $639.00K | - |
| Other Income/Expense | $-208.00K | - | $-755.00K | - |
| Income Before Tax | $178.00K | - | $-1.62M | - |
| Income Tax Expense | $18.00K | - | $41.00K | - |
| Net Income | $160.00K | $-3.62M | $-1.67M | - |
| Basic EPS | 0.05 | - | -0.48 | - |
| Diluted EPS | 0.04 | - | -0.48 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $4.72M | $5.97M |
| Accounts Receivable | $13.25M | $12.85M |
| Inventory | $9.87M | $11.39M |
| Other Current Assets | $1.36M | $1.94M |
| Total Current Assets | $32.80M | $35.50M |
| Property Plant & Equipment | $7.37M | $8.03M |
| Goodwill | $1.48M | $1.48M |
| Intangible Assets | $2.77M | $3.38M |
| Other Non-current Assets | $3.83M | $4.08M |
| Total Assets | $48.25M | $52.46M |
| Accounts Payable | $14.52M | $13.27M |
| Accrued Liabilities | $8.72M | $12.73M |
| Deferred Revenue | $190.00K | $491.00K |
| Total Current Liabilities | $24.23M | $26.84M |
| Long-term Debt | $9.84M | $10.32M |
| Other Non-current Liabilities | $2.86M | $3.43M |
| Total Liabilities | $36.41M | $40.58M |
| Retained Earnings | $-116.56M | $-114.89M |
| Total Stockholders Equity | $11.84M | $11.88M |
| Total Liabilities & Equity | $48.25M | $52.46M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $160.00K | $-3.62M | $-1.67M | - |
| Stock-based Compensation | - | - | $320.00K | - |
| Change in Receivables | - | - | $449.00K | - |
| Change in Inventory | - | - | $-1.19M | - |
| Change in Payables | - | - | $1.25M | - |
| Operating Cash Flow | - | - | $407.00K | - |
| Capital Expenditure | - | - | $58.00K | - |
| Investing Cash Flow | - | - | $-61.00K | - |
| Stock Issued | - | - | $1.00M | - |
| Financing Cash Flow | - | - | $-1.60M | - |
| Net Change in Cash | - | - | $-1.25M | - |
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.