$-13.14M
Revenue
$-40.52M
Net Income
-
Gross Margin
-
Op. Margin
$-12.23M
Free Cash Flow
| Breakdown | Q1 2025 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.81M | $-34.55M | $11.45M | $7.16M | $11.37M | $8.54M | $7.90M | $5.70M | $13.12M | $10.54M | $9.24M | $9.27M | $11.87M |
| Revenue Growth % (YoY) | -64.5% | -582.6% | 0.7% | 25.5% | -13.3% | -18.9% | -14.4% | -38.5% | 10.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.75M | $-25.78M | $8.03M | $4.55M | $6.85M | $5.29M | $5.29M | $5.17M | $8.68M | $6.95M | $6.00M | $7.60M | $7.70M |
| Gross Profit | $1.05M | $-8.77M | $3.42M | $2.60M | $4.52M | $3.25M | $2.61M | $532.00K | $4.44M | $3.59M | $3.24M | $1.66M | $4.17M |
| Gross Margin % | 37.5% | 25.4% | 29.9% | 36.4% | 39.7% | 38.1% | 33.1% | 9.3% | 33.8% | 34.1% | 35.1% | 17.9% | 35.1% |
| Operating Expenses | $4.84M | $-29.54M | $20.84M | $4.25M | $5.64M | $3.98M | $5.08M | $13.26M | $7.05M | $6.17M | $6.50M | $25.82M | $10.57M |
| Selling General & Admin | $4.84M | $-26.85M | $18.15M | $4.25M | $5.64M | $3.98M | $5.08M | $4.72M | $7.05M | $6.17M | $5.63M | $9.66M | $10.01M |
| Operating Income | $-3.79M | $20.77M | $-17.42M | $-1.65M | $-1.13M | $-724.00K | $-2.47M | $-12.72M | $-2.62M | $-2.58M | $-3.25M | $-24.16M | $-6.40M |
| Operating Margin % | -135.0% | -60.1% | -152.2% | -23.0% | -9.9% | -8.5% | -31.2% | -223.1% | -19.9% | -24.5% | -35.2% | -260.7% | -54.0% |
| Interest Expense | - | $-921.00K | $1.55M | $223.00K | $244.00K | $244.00K | $362.00K | $864.00K | $489.00K | $489.00K | $237.00K | $272.00K | $279.00K |
| Other Income/Expense | $4.00K | $-690.00K | $16.00K | $138.00K | $2.65M | $3.38M | - | $-1.98M | $995.00K | $-379.00K | $-229.00K | $-227.00K | $-142.00K |
| Income Before Tax | $-8.61M | $21.74M | $-16.69M | $-1.51M | $1.52M | $2.66M | $-2.83M | $-14.70M | $-1.62M | $-2.96M | $-3.48M | $-24.38M | $-6.55M |
| Income Tax Expense | $4.00K | - | $138.00K | $6.00K | $-2.00K | $3.00K | $2.00K | - | - | - | - | $-22.00K | $1.00K |
| Net Income | $-8.61M | $-15.26M | $-15.13M | $-1.52M | $1.53M | $2.65M | $-2.83M | $-14.70M | $-1.62M | $-2.96M | $-3.48M | $-24.36M | $-6.55M |
| Net Margin % | -306.9% | 44.2% | -132.2% | -21.2% | 13.4% | 31.1% | -35.8% | -257.8% | -12.4% | -28.1% | -37.7% | -262.9% | -55.2% |
| Basic EPS | -0.26 | -0.59 | -0.74 | -1.17 | 0.73 | 2.98 | -3.60 | -32.03 | -0.05 | -0.10 | -0.11 | -58.42 | -0.22 |
| Diluted EPS | -0.26 | -0.59 | -0.74 | -1.17 | 0.73 | 2.98 | -3.60 | -32.03 | -0.05 | -0.10 | -0.11 | -58.42 | -0.22 |
| Basic Shares Outstanding | 33.7M | 1.8M | 20.4M | 358K | 2.1M | 891K | 787K | -30.0M | 31.0M | 30.6M | 30.5M | -28.7M | 29.4M |
| Diluted Shares Outstanding | 33.7M | 1.8M | 20.4M | 358K | 2.1M | 891K | 787K | -30.0M | 31.0M | 30.6M | 30.5M | -28.7M | 29.4M |
| Breakdown | Q1 2025 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $13.06M | $1.31M | $912.00K | $3.07M | $4.74M | $3.29M | $3.88M | $4.46M | $3.80M | $3.61M | $1.65M | $3.17M | $5.65M |
| Accounts Receivable | $3.06M | $3.94M | $8.14M | $5.37M | $5.73M | $4.33M | $4.34M | $4.35M | $8.58M | $5.78M | $6.32M | $6.74M | $9.59M |
| Inventory | $1.32M | $2.08M | $5.13M | $3.87M | $3.93M | $3.83M | $5.20M | $6.61M | $7.54M | $8.56M | $8.88M | $10.26M | $11.61M |
| Other Current Assets | $1.40M | $794.00K | $10.34M | $484.00K | $477.00K | $771.00K | $1.17M | $812.00K | $992.00K | $1.82M | $1.04M | $1.05M | $1.11M |
| Total Current Assets | $18.84M | $8.13M | $24.53M | $15.00M | $16.33M | $12.21M | $14.59M | $16.23M | $20.91M | $19.77M | $24.19M | $27.52M | $34.93M |
| Property Plant & Equipment | $73.00K | $88.00K | $3.07M | $138.00K | $158.00K | $179.00K | $198.00K | $230.00K | $258.00K | $292.00K | $332.00K | $375.00K | $421.00K |
| Goodwill | $405.00K | - | - | $405.00K | $405.00K | $405.00K | $405.00K | - | - | - | - | - | $18.61M |
| Intangible Assets | - | - | $1.12M | - | - | - | - | - | $8.91M | $9.30M | $9.68M | $10.06M | $10.44M |
| Other Non-current Assets | $147.00K | $168.00K | $178.00K | $193.00K | $205.00K | $195.00K | $149.00K | $155.00K | $828.00K | $904.00K | $782.00K | $544.00K | $110.00K |
| Total Assets | $27.05M | $8.40M | $33.98M | $15.80M | $17.17M | $13.09M | $15.44M | $16.74M | $31.05M | $30.40M | $35.15M | $38.68M | $64.70M |
| Accounts Payable | $1.25M | $2.15M | $38.40M | $3.14M | $3.22M | $6.11M | $7.48M | $6.93M | $7.81M | $4.19M | $3.13M | $2.93M | $3.85M |
| Short-term Debt | - | - | $4.08M | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $1.25M | $1.38M | $3.24M | - | - | - | - | - | - | - | - | - | $3.11M |
| Deferred Revenue | - | - | $38.00K | - | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $23.53M | $3.54M | $74.11M | $7.15M | $6.85M | $9.11M | $14.27M | $13.69M | $13.17M | $11.53M | $4.67M | $5.58M | $8.93M |
| Long-term Debt | - | - | $1.90M | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | $24.00K |
| Total Liabilities | $23.53M | $8.00M | $79.86M | $7.15M | $6.87M | $9.15M | $14.32M | $13.76M | $15.97M | $14.18M | $16.24M | $17.15M | $19.32M |
| Common Stock | $102.00K | $31.00K | $21.00K | $2.00K | $2.00K | $1.00K | $34.00K | $32.00K | $32.00K | $30.00K | $30.00K | $29.00K | $29.00K |
| Retained Earnings | $-31.54M | $-22.93M | $-98.42M | $-321.51M | $-319.99M | $-321.52M | $-324.17M | $-321.34M | $-306.64M | $-305.02M | $-302.06M | $-298.57M | $-274.21M |
| Total Stockholders Equity | $3.52M | $407.00K | $-45.88M | $8.65M | $10.30M | $3.94M | $1.13M | $2.98M | $15.08M | $16.23M | $18.91M | $21.53M | $45.38M |
| Total Liabilities & Equity | $27.05M | $8.40M | $33.98M | $15.80M | $17.17M | $13.09M | $15.44M | $16.74M | $31.05M | $30.40M | $35.15M | $38.68M | $64.70M |
| Breakdown | Q1 2025 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-8.61M | $-15.26M | $-15.13M | $-1.52M | $1.53M | $-176.00K | $-2.83M | $-14.70M | $-8.07M | $-6.45M | $-3.48M | $-24.36M | $-6.55M |
| Depreciation & Amortization | $15.00K | $-2.89M | $2.92M | $31.00K | $99.00K | $68.00K | $35.00K | $416.00K | $1.26M | $845.00K | $424.00K | $425.00K | $1.26M |
| Stock-based Compensation | $961.00K | $-1.25M | $4.45M | $71.00K | $762.00K | $678.00K | $518.00K | $153.00K | $1.62M | $1.15M | $861.00K | $515.00K | $2.45M |
| Deferred Income Tax | $2.00K | - | $-678.00K | $6.00K | $3.00K | $5.00K | - | - | - | - | - | - | - |
| Change in Receivables | $-897.00K | $-2.44M | $-2.97M | $-365.00K | $1.51M | $96.00K | $-24.00K | $-4.22M | $1.83M | $-958.00K | $-427.00K | $-2.83M | $2.90M |
| Change in Inventory | $-760.00K | $1.43M | $-1.93M | $-61.00K | $-2.68M | $-2.79M | $-1.53M | $-417.00K | $-3.70M | $-2.25M | $-2.06M | $-56.00K | $6.88M |
| Change in Payables | $-900.00K | $-10.80M | $4.80M | $-82.00K | $-1.07M | $-828.00K | $550.00K | $-879.00K | $4.88M | $1.84M | $-924.00K | $-1.23M | $466.00K |
| Operating Cash Flow | $-2.92M | $7.60M | $-15.74M | $-1.17M | $-3.19M | $-986.00K | $-1.01M | $991.00K | $-894.00K | $-1.24M | $-1.47M | $-2.58M | $-17.97M |
| Capital Expenditure | $7.00K | - | - | $12.00K | $29.00K | $18.00K | $3.00K | $8.00K | $10.00K | $10.00K | $10.00K | - | $198.00K |
| Investing Cash Flow | $-8.46M | $-7.38M | $13.28M | $-773.00K | $-1.48M | $-18.00K | $-3.00K | $-8.00K | $-10.00K | $-10.00K | $-10.00K | - | $-198.00K |
| Debt Repayment | - | - | $7.61M | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | $16.09M | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | - | - | $137.00K | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $23.13M | $9.02M | $3.15M | $264.00K | $4.96M | $-158.00K | $430.00K | $-328.00K | $-4.77M | $-4.62M | $-41.00K | $-561.00K | $1.84M |
| Net Change in Cash | $-1.93M | - | - | $-1.68M | $288.00K | $-1.16M | $-579.00K | $655.00K | $-5.67M | $-5.87M | $-1.52M | $-3.14M | $-16.33M |
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $2.81M | - |
| Cost of Revenue | $1.75M | - |
| Gross Profit | $1.05M | - |
| Operating Expenses | $4.84M | - |
| Selling General & Admin | $4.84M | - |
| Operating Income | $-3.79M | - |
| Interest Expense | $1.29M | - |
| Other Income/Expense | $4.00K | - |
| Income Before Tax | $-8.61M | - |
| Income Tax Expense | $4.00K | - |
| Net Income | $-8.61M | $-3.98M |
| Basic EPS | -0.26 | -0.17 |
| Diluted EPS | -0.26 | -0.17 |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $13.06M | $1.31M |
| Accounts Receivable | $3.06M | $3.94M |
| Inventory | $1.32M | $2.08M |
| Other Current Assets | $1.40M | $794.00K |
| Total Current Assets | $18.84M | $8.13M |
| Property Plant & Equipment | $73.00K | $88.00K |
| Other Non-current Assets | $147.00K | $168.00K |
| Total Assets | $27.05M | $8.40M |
| Accounts Payable | $1.25M | $2.15M |
| Accrued Liabilities | $1.25M | $1.38M |
| Total Current Liabilities | $23.53M | $3.54M |
| Total Liabilities | $23.53M | $8.00M |
| Common Stock | $102.00K | $31.00K |
| Retained Earnings | $-31.54M | $-22.93M |
| Total Stockholders Equity | $3.52M | $407.00K |
| Total Liabilities & Equity | $27.05M | $8.40M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-8.61M | $-3.98M |
| Depreciation & Amortization | $15.00K | $920.00K |
| Stock-based Compensation | $961.00K | $424.00K |
| Change in Receivables | $-897.00K | $-5.52M |
| Change in Inventory | $-760.00K | $-1.17M |
| Change in Payables | $-900.00K | $-2.71M |
| Operating Cash Flow | $-2.92M | $1.46M |
| Investing Cash Flow | $-8.46M | $2.69M |
| Stock Issued | $16.09M | - |
| Financing Cash Flow | $23.13M | $-3.55M |
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.