$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) |
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 | $81.45M | $79.72M | $90.58M | $77.38M | $124.38M | $116.84M | $150.84M | $65.75M | $60.30M | $70.21M | $67.64M |
| Revenue Growth % | 2.2% | -12.0% | 17.1% | -37.8% | 6.5% | -22.5% | 129.4% | 9.0% | -14.1% | 3.8% | nan% |
| Cost of Revenue | $57.13M | $59.48M | $69.67M | $59.87M | $90.47M | $86.72M | $113.72M | $51.20M | $45.63M | $52.87M | $51.65M |
| Gross Profit | $24.32M | $20.24M | $20.91M | $17.51M | $33.91M | $30.12M | $37.12M | $14.55M | $14.67M | $17.34M | $16.00M |
| Gross Margin % | 29.9% | 25.4% | 23.1% | 22.6% | 27.3% | 25.8% | 24.6% | 22.1% | 24.3% | 24.7% | 23.6% |
| Operating Expenses | $27.83M | $30.83M | $31.73M | $33.50M | $25.52M | $23.29M | $24.01M | $20.71M | $27.65M | $29.86M | $35.92M |
| Research & Development | $1.06M | $1.23M | $1.50M | $1.85M | $1.70M | $1.69M | $1.72M | $1.37M | $1.91M | $2.00M | $1.67M |
| Operating Income | $-3.51M | $-10.60M | $-10.82M | $-15.98M | $8.39M | $6.84M | $13.11M | $-6.16M | $-12.98M | $-12.53M | $-19.92M |
| Operating Margin % | -4.3% | -13.3% | -11.9% | -20.7% | 6.7% | 5.9% | 8.7% | -9.4% | -21.5% | -17.8% | -29.5% |
| Interest Expense | - | $962.00K | $691.00K | $346.00K | $68.00K | $118.00K | $254.00K | $493.00K | $425.00K | $273.00K | $297.00K |
| Interest Income | - | $7.00K | $2.00K | $34.00K | - | - | $5.00K | $11.00K | $15.00K | $36.00K | $128.00K |
| Other Income/Expense | $-1.02M | $-1.16M | $-806.00K | $-378.00K | $-141.00K | $-318.00K | $-489.00K | $-503.00K | $-162.00K | $-22.00K | $-169.00K |
| Income Before Tax | $-4.54M | $-11.76M | $-11.63M | $-16.36M | $8.25M | $6.52M | $12.62M | $-6.66M | $-13.14M | $-12.55M | $-20.09M |
| Income Tax Expense | $39.00K | $42.00K | $41.00K | $17.98M | $2.16M | $-19.62M | $159.00K | $14.00K | $-15.00K | $-261.00K | $36.00K |
| Net Income | $-4.58M | $-11.80M | $-11.67M | $-34.34M | $6.09M | $26.13M | $12.46M | $-6.67M | $-13.13M | $-12.29M | $-20.13M |
| Net Margin % | -5.6% | -14.8% | -12.9% | -44.4% | 4.9% | 22.4% | 8.3% | -10.1% | -21.8% | -17.5% | -29.8% |
| Basic EPS | -0.25 | -0.36 | -0.36 | -1.08 | 0.20 | 0.85 | 0.41 | -0.23 | -0.46 | -0.44 | -0.73 |
| Diluted EPS | -0.26 | -0.36 | -0.36 | -1.08 | 0.19 | 0.83 | 0.40 | -0.23 | -0.46 | -0.44 | -0.73 |
| Basic Shares Outstanding | 3.5M | 32.8M | 32.5M | 31.7M | 31.0M | 30.6M | 30.1M | 29.4M | 28.8M | 28.2M | 27.6M |
| Diluted Shares Outstanding | 3.6M | 32.8M | 32.5M | 31.7M | 31.3M | 31.3M | 31.0M | 29.4M | 28.8M | 28.2M | 27.6M |
| 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) |
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 | $5.97M | $5.16M | $15.99M | $14.47M | $19.39M | $28.75M | $8.73M | $9.42M | $17.31M | $15.54M |
| Accounts Receivable | $12.85M | $14.02M | $13.73M | $11.90M | $13.57M | $10.43M | $14.80M | $8.74M | $9.17M | $10.89M |
| Inventory | $11.39M | $18.25M | $18.20M | $19.83M | $19.55M | $14.51M | $13.40M | $7.83M | $13.59M | $17.02M |
| Other Current Assets | $1.94M | $2.86M | $1.12M | $2.63M | $1.08M | $723.00K | $695.00K | $2.47M | $2.88M | $5.04M |
| Total Current Assets | $35.50M | $44.82M | $50.36M | $51.25M | $56.53M | $54.97M | $41.38M | $29.45M | $43.88M | $48.53M |
| Property Plant & Equipment | $8.03M | $9.59M | $10.47M | $11.47M | $11.37M | $11.82M | $12.01M | $12.89M | $13.79M | $17.00M |
| Goodwill | $1.48M | $1.48M | $1.48M | $350.00K | - | - | - | - | - | - |
| Intangible Assets | $3.38M | $4.46M | $6.00M | $2.40M | $1.95M | $2.22M | $2.47M | $2.87M | $4.21M | $5.05M |
| Other Non-current Assets | $4.08M | $2.81M | $3.26M | $3.54M | $3.18M | $2.80M | $165.00K | $110.00K | $170.00K | $185.00K |
| Total Assets | $52.46M | $63.17M | $71.58M | $86.82M | $92.82M | $72.56M | $56.02M | $45.33M | $62.05M | $70.88M |
| Accounts Payable | $13.27M | $18.35M | $13.40M | $9.86M | $17.05M | $19.83M | $19.71M | $11.68M | $11.63M | $11.72M |
| Accrued Liabilities | $12.73M | $9.44M | $10.55M | $8.43M | $13.23M | $7.23M | $7.41M | $4.17M | $5.99M | $6.59M |
| Deferred Revenue | $491.00K | $260.00K | $480.00K | $76.00K | $87.00K | $107.00K | $123.00K | $499.00K | $621.00K | $243.00K |
| Total Current Liabilities | $26.84M | $28.05M | $24.45M | $18.37M | $30.37M | $27.20M | $27.34M | $16.42M | $18.40M | $19.29M |
| Other Non-current Liabilities | $3.43M | $2.16M | $3.38M | $2.76M | $3.70M | $3.55M | $642.00K | $524.00K | $442.00K | $558.00K |
| Total Liabilities | $40.58M | $40.63M | $38.33M | $21.72M | $34.75M | $41.53M | $38.05M | $21.90M | $26.60M | $24.89M |
| Common Stock | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-114.89M | $-103.09M | $-91.42M | $-57.08M | $-63.17M | $-89.31M | $-101.77M | $-95.49M | $-82.37M | $-70.08M |
| Treasury Stock | - | - | - | - | - | - | $36.09M | $36.09M | $36.08M | $36.08M |
| Total Stockholders Equity | $11.88M | $22.54M | $33.25M | $65.10M | $58.07M | $31.04M | $17.97M | $23.42M | $35.45M | $45.98M |
| Total Liabilities & Equity | $52.46M | $63.17M | $71.58M | $86.82M | $92.82M | $72.56M | $56.02M | $45.33M | $62.05M | $70.88M |
| 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) |
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 | $-4.58M | $-11.80M | $-11.67M | $-34.34M | $6.09M | $26.13M | $12.46M | $-6.67M | $-13.13M | $-12.29M | $-20.13M |
| Stock-based Compensation | $1.14M | $1.16M | $950.00K | $1.61M | $813.00K | $753.00K | $618.00K | $825.00K | $1.10M | $1.60M | $1.46M |
| Deferred Income Tax | - | $7.00K | $-5.00K | $17.88M | $1.98M | $-19.86M | $75.00K | $19.00K | - | - | - |
| Change in Receivables | $763.00K | $-800.00K | $464.00K | $586.00K | $-4.41M | $2.38M | $-3.62M | $5.84M | $-419.00K | $-1.69M | $-7.12M |
| Change in Inventory | $-4.68M | $-6.11M | $603.00K | $-1.88M | $420.00K | $5.32M | $1.32M | $4.69M | $-4.71M | $-1.22M | $3.25M |
| Change in Payables | $706.00K | $-5.08M | $4.99M | $2.37M | $-8.12M | $-2.64M | $-79.00K | $8.92M | $20.00K | $-81.00K | $713.00K |
| Operating Cash Flow | $497.00K | $599.00K | $-10.09M | $-2.29M | $-113.00K | $1.73M | $20.34M | $-5.06M | $-4.42M | $-1.90M | $-3.47M |
| Capital Expenditure | $474.00K | $99.00K | $837.00K | $586.00K | $518.00K | $902.00K | $814.00K | $381.00K | $512.00K | $660.00K | $401.00K |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | $500.00K | - | - | - | - | - | - |
| Investing Cash Flow | $-434.00K | $128.00K | $-731.00K | $-6.20M | $-4.92M | $-946.00K | $-936.00K | $-449.00K | $-585.00K | $1.65M | $-372.00K |
| Debt Repayment | - | - | - | - | - | - | - | $80.00K | $158.00K | $880.00K | $1.90M |
| Stock Issued | - | - | - | $800.00K | - | - | - | - | - | - | $-2.00K |
| Financing Cash Flow | $-6.06M | $90.00K | $-14.00K | $10.01M | $104.00K | $-10.14M | $615.00K | $4.81M | $-2.88M | $2.02M | $-615.00K |
| Net Change in Cash | $-6.00M | $817.00K | $-10.84M | $1.53M | $-4.93M | $-9.36M | $20.02M | $-695.00K | $-7.88M | $1.76M | $-4.46M |
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.