$19.04M
Revenue
$31.69M
Net Income
16.65%
Gross Margin
-32.81%
Op. Margin
$-14.68M
Free Cash Flow
| Breakdown | 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $6.89M | $8.37M | $6.74M | $-2.96M | $10.91M | $6.34M |
| Revenue Growth % (YoY) | -36.9% | 32.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $6.25M | $7.06M | $6.59M | $-4.03M | $8.85M | $5.69M |
| Gross Profit | $640.00K | $1.31M | $148.00K | $1.07M | $2.07M | $653.00K |
| Gross Margin % | 9.3% | 15.7% | 2.2% | -36.0% | 18.9% | 10.3% |
| Operating Expenses | $2.09M | $3.02M | $2.49M | $1.81M | $3.16M | $2.95M |
| Research & Development | $111.00K | $534.00K | $80.00K | $345.00K | $256.00K | $238.00K |
| Selling General & Admin | $1.98M | $2.49M | $2.41M | $1.47M | $2.91M | $2.71M |
| Operating Income | $-1.45M | $-1.71M | $-2.35M | $-745.00K | $-1.10M | $-2.30M |
| Operating Margin % | -21.0% | -20.4% | -34.8% | 25.2% | -10.1% | -36.3% |
| Interest Expense | $8.00K | $8.00K | - | $9.00K | $26.00K | $18.00K |
| Interest Income | - | $183.00K | $247.00K | - | - | - |
| Other Income/Expense | $-438.00K | $297.00K | $23.00K | $11.00K | $-1.00K | - |
| Income Before Tax | $-1.70M | $-1.23M | $-2.08M | $-328.00K | $-1.12M | $-2.28M |
| Income Tax Expense | $69.00K | - | - | - | - | - |
| Net Income | $-2.35M | $-1.33M | $-929.00K | $36.29M | $-1.12M | $-2.28M |
| Net Margin % | -34.1% | -15.9% | -13.8% | -1225.3% | -10.3% | -36.0% |
| Basic EPS | -0.21 | -0.12 | -0.09 | 3.39 | -0.10 | -0.21 |
| Diluted EPS | -0.21 | -0.12 | -0.09 | 3.32 | -0.10 | -0.21 |
| Basic Shares Outstanding | 11.1M | 11.1M | 11.1M | 92K | 10.9M | 10.9M |
| Diluted Shares Outstanding | 11.1M | 11.1M | 11.2M | 301K | 10.9M | 10.9M |
| Breakdown | 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $17.34M | $18.00M | $25.84M | $41.62M | $3.08M | $6.51M |
| Accounts Receivable | $4.61M | $4.88M | $5.34M | $7.83M | $9.80M | $5.90M |
| Inventory | $6.78M | $5.78M | $6.46M | $6.07M | $16.10M | $12.66M |
| Other Current Assets | $325.00K | $658.00K | $985.00K | $1.14M | $2.48M | $7.95M |
| Total Current Assets | $29.05M | $29.32M | $38.63M | $56.66M | $31.45M | $33.02M |
| Property Plant & Equipment | $5.66M | $5.37M | $6.19M | $6.50M | $4.71M | $4.23M |
| Long-term Investments | $821.00K | $2.24M | $1.94M | $2.00M | - | - |
| Other Non-current Assets | - | - | $44.00K | $40.00K | $75.00K | $75.00K |
| Total Assets | $37.58M | $39.12M | $47.48M | $65.95M | $40.06M | $38.02M |
| Deferred Revenue | $871.00K | $923.00K | $1.15M | $991.00K | $10.41M | $8.94M |
| Total Current Liabilities | $6.28M | $5.41M | $12.47M | $29.98M | $22.35M | $21.88M |
| Other Non-current Liabilities | $118.00K | $141.00K | $127.00K | $122.00K | $36.00K | $40.00K |
| Total Liabilities | $6.88M | $6.08M | $12.96M | $30.52M | $25.38M | $22.24M |
| Common Stock | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K |
| Retained Earnings | $-4.61M | $-2.26M | $-929.00K | - | $-24.07M | $-22.95M |
| Total Stockholders Equity | $30.70M | $33.04M | $34.51M | $35.43M | $14.68M | $15.79M |
| Total Liabilities & Equity | $37.58M | $39.12M | $47.48M | $65.95M | $40.06M | $38.02M |
| Breakdown | 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) |
|---|---|---|---|---|---|---|
| Net Income | $-2.35M | $-2.26M | $-929.00K | $36.29M | $-4.44M | $-2.28M |
| Stock-based Compensation | $10.00K | $2.00K | $13.00K | $721.00K | $334.00K | $96.00K |
| Change in Receivables | $-3.06M | $-2.79M | $-2.48M | $9.39M | $966.00K | $-2.83M |
| Change in Inventory | $110.00K | $-705.00K | $-32.00K | $6.02M | $8.52M | $5.08M |
| Operating Cash Flow | $-4.78M | $-3.96M | $1.50M | $-2.09M | $-4.12M | $-1.38M |
| Capital Expenditure | $1.53M | $740.00K | $595.00K | $2.48M | $1.28M | $614.00K |
| Investing Cash Flow | $-2.75M | $-2.94M | $-595.00K | $40.15M | $-1.28M | $-614.00K |
| Stock Issued | - | - | - | - | $4.99M | $4.99M |
| Dividends Paid | $16.66M | $16.66M | - | - | - | - |
| Financing Cash Flow | $-16.75M | $-16.72M | $-16.69M | $483.00K | $4.89M | $4.92M |
| Net Change in Cash | $-24.29M | $-23.62M | $-15.78M | $38.54M | $-502.00K | $2.93M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.