$8.27M
Revenue
$-17.52M
Net Income
61.96%
Gross Margin
-134.29%
Op. Margin
$-18.07M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $8.27M | $8.27M | $8.74M | $8.86M | $8.54M | $7.92M | $7.44M | $5.51M | $5.00M | $3.55M | $1.29M | $59.00K | $295.00K | $59.00K | - |
| Revenue Growth % | 0.0% | -5.4% | -1.4% | 3.8% | 7.9% | 6.5% | 35.0% | 10.3% | 40.7% | 175.6% | 2084.7% | -80.0% | 400.0% | nan% | nan% |
| Cost of Revenue | $3.15M | $3.15M | $3.06M | $3.88M | $3.79M | $3.43M | $3.38M | $2.66M | $3.67M | $2.76M | $713.00K | - | - | - | - |
| Gross Profit | $5.12M | $5.12M | $5.68M | $4.98M | $4.75M | $4.49M | $4.06M | - | - | - | - | - | - | - | - |
| Gross Margin % | 62.0% | 62.0% | 64.9% | 56.2% | 55.7% | 56.7% | 54.5% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $16.23M | $16.23M | $16.66M | $22.61M | $21.93M | $24.02M | $21.09M | $23.62M | $22.03M | $18.36M | $16.95M | $26.02M | $26.08M | $22.93M | $14.87M |
| Research & Development | $2.71M | $2.71M | $3.21M | $5.42M | $4.34M | $4.98M | $3.67M | $4.67M | $3.05M | $1.48M | $8.11M | $17.67M | $16.87M | $13.50M | $8.00M |
| Selling General & Admin | $13.52M | $13.52M | $13.46M | $17.19M | $17.58M | $19.04M | $17.42M | $16.29M | $15.31M | $10.17M | $8.13M | $8.35M | $9.21M | $9.43M | $6.87M |
| Operating Income | $-11.11M | $-11.11M | $-10.99M | $-17.63M | $-17.17M | $-19.53M | $-17.03M | $-18.11M | $-17.04M | $-14.81M | $-15.66M | $-25.96M | $-25.79M | $-22.87M | $-14.87M |
| Operating Margin % | -134.3% | -134.3% | -125.7% | -198.9% | -201.0% | -246.5% | -228.8% | -328.5% | -340.9% | -416.9% | -1215.1% | -43996.6% | -8741.4% | -38764.4% | nan% |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | $504.00K | $743.00K | - | - | - |
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $33.00K |
| Other Income/Expense | $10.00K | $10.00K | $-80.00K | $154.00K | $75.00K | $-43.00K | $-1.00K | - | $10.00K | $1.44M | $-184.00K | $-6.00K | $-49.00K | $-100.00K | $33.00K |
| Income Before Tax | $-17.52M | $-17.52M | $-11.16M | $-20.20M | $-14.52M | $-19.57M | $-15.83M | $-18.11M | $-17.03M | $-13.38M | $-15.85M | $-26.71M | $-25.84M | $-22.97M | $-14.84M |
| Income Tax Expense | $5.00K | $5.00K | $5.00K | $8.00K | $9.00K | $9.00K | $9.00K | $8.00K | $6.00K | $6.00K | $-54.00K | $-124.00K | $-249.00K | $-1.21M | $-771.00K |
| Net Income | $-17.52M | $-17.52M | $-11.16M | $-20.21M | $-14.53M | $-19.58M | $-15.84M | $-18.11M | $-17.03M | $-13.38M | $-15.79M | $-26.58M | $-25.59M | $-21.76M | $-14.06M |
| Net Margin % | -211.9% | -211.9% | -127.7% | -228.0% | -170.0% | -247.2% | -212.8% | -328.7% | -340.8% | -376.6% | -1225.1% | -45055.9% | -8673.6% | -36878.0% | nan% |
| Basic EPS | nan | -25.39 | -8.41 | -11.52 | -83.55 | -2.87 | -10.67 | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -25.39 | -8.41 | -11.52 | -83.55 | -2.87 | -10.67 | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 308K | 690K | 1.3M | 2.0M | 174K | 6.9M | 1.6M | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 308K | 690K | 1.3M | 2.0M | 174K | 6.9M | 1.6M | - | - | - | - | - | - | - | - |
| Breakdown | FY 2025 (Dec 31, 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.08M | $5.09M | $3.80M | $17.74M | $24.20M | $14.44M | $1.28M | $5.48M | $15.60M | $1.32M | $23.11M | $31.29M | $54.14M | $14.22M |
| Accounts Receivable | $1.49M | $1.73M | $1.95M | $1.41M | $750.00K | $905.00K | $799.00K | $786.00K | $545.00K | $282.00K | - | $59.00K | $59.00K | - |
| Inventory | $1.91M | $1.72M | $2.00M | $2.66M | $2.84M | $2.96M | $1.80M | $1.66M | $1.59M | $677.00K | - | - | - | - |
| Other Current Assets | $698.00K | $315.00K | $461.00K | $396.00K | $328.00K | $237.00K | $161.00K | $203.00K | $136.00K | $137.00K | $539.00K | $360.00K | $448.00K | $333.00K |
| Total Current Assets | $5.19M | $8.86M | $8.21M | $22.77M | $28.13M | $18.54M | $4.04M | $8.13M | $17.86M | $2.42M | $23.65M | $31.71M | $54.64M | $14.56M |
| Property Plant & Equipment | $368.00K | $478.00K | $728.00K | $980.00K | $1.19M | $1.20M | $991.00K | $536.00K | $570.00K | $540.00K | $535.00K | $661.00K | $587.00K | $479.00K |
| Goodwill | - | - | - | - | - | - | - | - | - | $189.00K | - | - | - | - |
| Intangible Assets | - | - | - | - | - | - | - | - | - | $4.30M | - | - | - | - |
| Other Non-current Assets | $271.00K | $21.00K | $120.00K | $21.00K | $21.00K | - | - | - | - | - | - | - | - | - |
| Total Assets | $6.12M | $9.86M | $9.77M | $24.67M | $30.42M | $20.01M | $5.60M | $8.78M | $18.45M | $7.47M | $24.57M | $32.37M | $55.23M | $15.04M |
| Accounts Payable | - | - | - | - | $1.41M | $1.10M | $1.49M | $1.13M | $862.00K | $2.35M | $2.83M | $2.08M | $2.19M | $1.16M |
| Other Current Liabilities | $85.00K | $41.00K | $51.00K | $58.00K | $36.00K | $66.00K | $85.00K | $209.00K | $208.00K | $364.00K | - | - | - | - |
| Total Current Liabilities | $3.03M | $2.56M | $3.17M | $4.69M | $3.31M | $3.58M | $3.35M | $2.84M | $2.09M | $3.26M | $8.06M | $3.16M | $3.50M | $2.09M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - | $3.94M | - | - | - |
| Other Non-current Liabilities | - | - | - | - | $179.00K | - | - | - | $126.00K | $126.00K | $400.00K | - | - | - |
| Total Liabilities | $3.49M | $3.33M | $6.56M | $12.32M | $4.47M | $3.69M | $3.61M | $2.84M | $2.22M | $5.23M | $12.40M | $3.16M | $3.50M | $2.09M |
| Common Stock | - | - | $1.00K | - | $1.00K | - | - | - | - | - | $2.00K | $2.00K | $2.00K | $1.00K |
| Retained Earnings | $-316.31M | $-298.79M | $-287.63M | $-267.42M | $-252.92M | $-233.34M | $-217.50M | $-199.39M | $-182.36M | $-168.97M | $-153.18M | $-126.60M | $-101.01M | $-79.25M |
| Total Stockholders Equity | $2.62M | $6.53M | $2.99M | $12.36M | $25.95M | $16.32M | $1.99M | $5.94M | $16.24M | $1.76M | $12.17M | $29.21M | $51.73M | $12.95M |
| Total Liabilities & Equity | $6.12M | $9.86M | $9.77M | $24.67M | $30.42M | $20.01M | $5.60M | $8.78M | $18.45M | $7.47M | $24.57M | $32.37M | $55.23M | $15.04M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-17.52M | $-17.52M | $-11.16M | $-20.21M | $-14.53M | $-19.58M | $-15.84M | $-18.11M | $-17.03M | $-13.38M | $-15.79M | - | - | - | - |
| Depreciation & Amortization | $396.00K | $200.00K | $310.00K | $362.00K | $372.00K | $488.00K | $376.00K | $239.00K | $232.00K | $769.00K | $697.00K | $325.00K | $277.00K | $185.00K | $138.00K |
| Stock-based Compensation | $278.00K | $127.00K | $478.00K | $670.00K | $862.00K | $1.31M | $1.35M | $1.51M | $2.09M | $499.00K | $949.00K | $2.15M | $2.68M | $2.95M | $1.25M |
| Change in Receivables | $-955.00K | $-234.00K | $-224.00K | $545.00K | $656.00K | $-155.00K | $106.00K | $13.00K | $241.00K | $263.00K | $282.00K | $-59.00K | - | $59.00K | - |
| Change in Inventory | $536.00K | $192.00K | $-279.00K | $-697.00K | $-140.00K | $143.00K | $1.42M | $343.00K | $70.00K | $911.00K | $677.00K | - | - | - | - |
| Operating Cash Flow | $-17.98M | $-10.81M | $-9.59M | $-17.94M | $-15.15M | $-17.88M | $-16.57M | $-16.37M | $-14.56M | $-11.92M | $-16.29M | - | - | - | - |
| Capital Expenditure | $94.00K | $90.00K | $60.00K | $149.00K | $122.00K | $219.00K | $298.00K | $490.00K | $198.00K | $259.00K | $117.00K | $199.00K | $351.00K | $293.00K | $158.00K |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | $4.00M | - | - | - | - |
| Investing Cash Flow | $-94.00K | $-90.00K | $-60.00K | $330.00K | $14.73M | $-219.00K | $-267.00K | $-490.00K | $-198.00K | $-259.00K | $-4.12M | - | - | - | - |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | $8.00M | - | - | - | - |
| Stock Issued | - | $4.00M | $2.40M | - | - | - | - | - | - | - | - | $7.05M | $89.00K | $57.57M | $20.84M |
| Financing Cash Flow | $10.94M | $6.94M | $10.96M | $3.68M | $9.42M | $27.87M | $30.02M | $12.66M | $4.65M | $26.45M | $-1.36M | - | - | - | - |
| Net Change in Cash | $-7.09M | $-3.90M | $1.29M | $-13.94M | $8.99M | $9.77M | $13.16M | $-4.20M | $-10.12M | $14.27M | $-21.79M | $-8.18M | $-22.84M | $39.91M | - |
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 | $2.22M | - | $5.85M | - |
| Cost of Revenue | $772.00K | - | $2.38M | - |
| Gross Profit | $1.45M | - | $3.47M | - |
| Operating Expenses | $4.14M | - | $12.13M | - |
| Research & Development | $603.00K | - | $1.83M | - |
| Selling General & Admin | $3.54M | - | $10.30M | - |
| Operating Income | $-2.70M | - | $-8.66M | - |
| Other Income/Expense | $4.00K | - | $21.00K | - |
| Income Before Tax | $468.00K | - | $-15.09M | - |
| Income Tax Expense | - | - | $5.00K | - |
| Net Income | $468.00K | $-7.72M | $-15.10M | - |
| Basic EPS | 0.56 | - | -39.51 | - |
| Diluted EPS | 0.56 | - | -39.51 | - |
| Basic Shares Outstanding | $836.39K | - | $382.12K | - |
| Diluted Shares Outstanding | $836.39K | - | $382.12K | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.09M | $5.09M |
| Accounts Receivable | $1.14M | $1.73M |
| Inventory | $2.19M | $1.72M |
| Other Current Assets | $776.00K | $315.00K |
| Total Current Assets | $7.20M | $8.86M |
| Property Plant & Equipment | $414.00K | $478.00K |
| Other Non-current Assets | $21.00K | $21.00K |
| Total Assets | $7.98M | $9.86M |
| Other Current Liabilities | $76.00K | $41.00K |
| Total Current Liabilities | $3.52M | $2.56M |
| Total Liabilities | $4.07M | $3.33M |
| Common Stock | - | - |
| Retained Earnings | $-313.89M | $-298.79M |
| Total Stockholders Equity | $3.91M | $6.53M |
| Total Liabilities & Equity | $7.98M | $9.86M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $468.00K | $-7.72M | $-15.10M | - |
| Depreciation & Amortization | - | - | $166.00K | - |
| Stock-based Compensation | - | - | $103.00K | - |
| Change in Receivables | - | - | $-586.00K | - |
| Change in Inventory | - | - | $471.00K | - |
| Operating Cash Flow | - | - | $-7.78M | - |
| Capital Expenditure | - | - | $102.00K | - |
| Investing Cash Flow | - | - | $-102.00K | - |
| Stock Issued | - | - | $4.00M | - |
| Financing Cash Flow | - | - | $5.89M | - |
| Net Change in Cash | - | - | $-2.00M | - |
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.