$19.04M
Revenue
$31.69M
Net Income
16.65%
Gross Margin
-32.81%
Op. Margin
$-14.68M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $19.04M | $22.88M | $41.49M | $27.00M | $18.31M | $19.49M |
| Revenue Growth % | -16.8% | -44.9% | 53.7% | 47.5% | -6.0% | nan% |
| Cost of Revenue | $15.87M | $17.36M | $33.14M | $22.39M | $16.92M | $18.61M |
| Gross Profit | $3.17M | $5.51M | $8.35M | $4.61M | $1.39M | $881.00K |
| Gross Margin % | 16.6% | 24.1% | 20.1% | 17.1% | 7.6% | 4.5% |
| Operating Expenses | $9.41M | $10.76M | $11.00M | $8.64M | $5.25M | $5.17M |
| Research & Development | $1.07M | $1.05M | $885.00K | - | - | - |
| Selling General & Admin | $8.35M | $9.71M | $10.12M | $8.64M | $5.25M | $5.17M |
| Operating Income | $-6.25M | $-5.25M | $-2.65M | $-4.03M | $-3.86M | $-4.28M |
| Operating Margin % | -32.8% | -22.9% | -6.4% | -14.9% | -21.1% | -22.0% |
| Interest Expense | - | $35.00K | $7.00K | - | $4.00K | $9.00K |
| Interest Income | - | $431.00K | $232.00K | - | - | - |
| Other Income/Expense | $-107.00K | $50.00K | $524.00K | $-67.00K | $1.29M | $969.00K |
| Income Before Tax | $-5.33M | $-4.77M | $-1.90M | $-3.63M | $-2.18M | $-2.98M |
| Income Tax Expense | - | $-1.42M | - | $7.00K | $-16.00K | $5.00K |
| Net Income | $31.69M | $31.86M | $-1.90M | $-3.64M | $-2.17M | $-2.99M |
| Net Margin % | 166.5% | 139.2% | -4.6% | -13.5% | -11.8% | -15.3% |
| Basic EPS | 2.97 | 2.97 | -0.19 | -0.37 | -0.24 | -0.34 |
| Diluted EPS | 2.90 | 2.90 | -0.19 | -0.37 | -0.24 | -0.34 |
| Basic Shares Outstanding | 11.1M | 10.7M | 9.9M | 9.7M | 8.9M | 8.7M |
| Diluted Shares Outstanding | 11.1M | 11.0M | 9.9M | 9.7M | 8.9M | 8.7M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $41.62M | $3.58M | $10.30M | $9.92M | $7.57M |
| Accounts Receivable | $7.83M | $9.01M | $11.14M | $2.43M | $2.59M |
| Inventory | $6.07M | $7.58M | $8.75M | $4.16M | $2.40M |
| Other Current Assets | $1.14M | $7.51M | $2.85M | $1.07M | $897.00K |
| Total Current Assets | $56.66M | $27.68M | $33.04M | $25.14M | $13.96M |
| Property Plant & Equipment | $6.50M | $3.90M | $1.80M | $516.00K | $433.00K |
| Long-term Investments | $2.00M | - | - | - | - |
| Other Non-current Assets | $40.00K | $82.00K | $162.00K | $39.00K | $6.90M |
| Total Assets | $65.95M | $33.02M | $37.17M | $27.93M | $21.29M |
| Deferred Revenue | $991.00K | $4.93M | $10.66M | $2.42M | $714.00K |
| Total Current Liabilities | $29.98M | $18.26M | $18.96M | $6.58M | $5.54M |
| Long-term Debt | - | - | - | - | $633.00K |
| Other Non-current Liabilities | $122.00K | $49.00K | $65.00K | $1.79M | $1.26M |
| Total Liabilities | $30.52M | $18.80M | $20.24M | $8.38M | $7.43M |
| Common Stock | $11.00K | $10.00K | $10.00K | $10.00K | $9.00K |
| Retained Earnings | - | $-19.63M | $-15.95M | $-12.31M | $-10.14M |
| Total Stockholders Equity | $35.43M | $14.22M | $16.93M | $19.55M | $13.86M |
| Total Liabilities & Equity | $65.95M | $33.02M | $37.17M | $27.93M | $21.29M |
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Net Income | $30.76M | $31.86M | $-1.90M | $-3.64M | $-2.17M | $-2.99M |
| Stock-based Compensation | $746.00K | $1.05M | $1.47M | $1.00M | $186.00K | $3.00K |
| Change in Receivables | $1.07M | $10.36M | $-585.00K | $8.57M | $-115.00K | $-1.16M |
| Change in Inventory | $5.39M | $14.54M | $-511.00K | $4.59M | $1.88M | $-2.14M |
| Operating Cash Flow | $-9.34M | $-6.21M | $-3.90M | $-5.77M | $-2.34M | $-3.61M |
| Capital Expenditure | $5.35M | $3.76M | $2.50M | $1.51M | $237.00K | - |
| Investing Cash Flow | $33.87M | $38.88M | $-2.50M | $4.72M | $-237.00K | $2.63M |
| Stock Issued | - | $4.99M | $177.00K | - | $8.66M | - |
| Dividends Paid | - | - | - | - | $1.05M | - |
| Financing Cash Flow | $-49.68M | $5.38M | $-323.00K | $-353.00K | $6.71M | $337.00K |
| Net Change in Cash | $-25.15M | $38.04M | $-6.71M | $-1.40M | $4.13M | - |
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 | $6.89M | $6.42M | $22.00M | $13.13M |
| Cost of Revenue | $6.25M | $4.89M | $19.90M | $10.43M |
| Gross Profit | $640.00K | $1.52M | $2.10M | $2.70M |
| Operating Expenses | $2.09M | $2.24M | $7.60M | $6.87M |
| Research & Development | $111.00K | $256.00K | $726.00K | $705.00K |
| Selling General & Admin | $1.98M | $1.98M | $6.88M | $6.17M |
| Operating Income | $-1.45M | $-714.00K | $-5.50M | $-4.17M |
| Interest Expense | - | - | $8.00K | $26.00K |
| Other Income/Expense | $-438.00K | - | $-118.00K | $40.00K |
| Income Before Tax | $-1.70M | $-738.00K | $-5.00M | $-4.11M |
| Income Tax Expense | $69.00K | - | $69.00K | - |
| Net Income | $-2.35M | $-1.12M | $-4.61M | $-4.44M |
| Basic EPS | -0.21 | -0.10 | -0.42 | -0.42 |
| Diluted EPS | -0.21 | -0.10 | -0.42 | -0.42 |
| Basic Shares Outstanding | $11.10M | $10.92M | $11.11M | $10.65M |
| Diluted Shares Outstanding | $11.10M | $10.92M | $11.19M | $10.65M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $17.34M | $41.62M |
| Accounts Receivable | $4.61M | $7.83M |
| Inventory | $6.78M | $6.07M |
| Other Current Assets | $325.00K | $1.14M |
| Total Current Assets | $29.05M | $56.66M |
| Property Plant & Equipment | $5.66M | $6.50M |
| Long-term Investments | $821.00K | $2.00M |
| Total Assets | $37.58M | $65.95M |
| Deferred Revenue | $871.00K | $991.00K |
| Total Current Liabilities | $6.28M | $29.98M |
| Other Non-current Liabilities | $118.00K | $122.00K |
| Total Liabilities | $6.88M | $30.52M |
| Common Stock | $11.00K | $11.00K |
| Retained Earnings | $-4.61M | - |
| Total Stockholders Equity | $30.70M | $35.43M |
| Total Liabilities & Equity | $37.58M | $65.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.35M | $-1.12M | $-4.61M | $-4.44M |
| Stock-based Compensation | $10.00K | $13.00K | $25.00K | $334.00K |
| Change in Receivables | - | - | $-3.06M | $966.00K |
| Change in Inventory | - | - | $110.00K | $8.52M |
| Operating Cash Flow | - | - | $-4.78M | $-4.12M |
| Capital Expenditure | - | - | $1.53M | $1.28M |
| Investing Cash Flow | - | - | $-2.75M | $-1.28M |
| Stock Issued | - | - | - | $4.99M |
| Dividends Paid | - | - | $16.66M | - |
| Financing Cash Flow | - | - | $-16.75M | $4.89M |
| Net Change in Cash | - | - | $-24.29M | $-502.00K |
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.