$331.56M
Revenue
$-8.49M
Net Income
2.78%
Gross Margin
-0.64%
Op. Margin
$-6.84M
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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2014 (Jun 30, 2014) |
FY 2013 (Jun 30, 2013) |
FY 2012 (Jun 30, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $331.56M | $283.22M | $144.50M | $93.20M | $64.70M | $44.91M | $18.03M | $9.62M | $7.71K | $1.75K | - |
| Revenue Growth % | 17.1% | 96.0% | 55.0% | 44.1% | 44.1% | 149.1% | 87.4% | 124734.8% | 339.1% | nan% | nan% |
| Cost of Revenue | $322.35M | $274.95M | $139.83M | $91.41M | $63.17M | $43.95M | $17.25M | $8.75M | $924.00 | $318.00 | - |
| Gross Profit | $9.21M | $8.27M | $4.67M | $1.79M | $1.53M | $962.35K | $780.92K | $870.93K | $6.78K | $1.44K | - |
| Gross Margin % | 2.8% | 2.9% | 3.2% | 1.9% | 2.4% | 2.1% | 4.3% | 9.1% | 88.0% | 81.9% | nan% |
| Operating Expenses | $11.33M | $9.11M | $4.99M | $4.98M | $4.52M | $4.17M | $1.45M | $788.70K | $30.25K | $35.71K | - |
| Operating Income | $-2.12M | $-834.06K | $-315.50K | $-3.19M | $-2.98M | $-3.21M | $-668.70K | $82.22K | - | - | - |
| Operating Margin % | -0.6% | -0.3% | -0.2% | -3.4% | -4.6% | -7.2% | -3.7% | 0.9% | nan% | nan% | nan% |
| Interest Expense | $1.41M | $879.78K | $45.28K | $3.33K | $126.82K | $3.51M | $2.65M | $460.19K | $-889.00 | - | - |
| Interest Income | - | - | - | - | - | - | - | $-327.09K | - | - | - |
| Other Income/Expense | $-140.54K | $-12.36K | $-199.28K | $-112.96K | $2.68K | $-117.56K | $-4.77M | $-374.14K | - | - | - |
| Income Before Tax | $-7.24M | $-4.79M | $-219.44K | $-5.87M | $-3.86M | $-6.70M | $-5.44M | $-291.92K | $-24.36K | $21.36K | - |
| Income Tax Expense | $443.34K | $394.03K | - | - | - | $-152.00 | - | - | $800.00 | $800.00 | - |
| Net Income | $-8.49M | $-5.99M | $-763.26K | $-5.97M | $-3.84M | $-6.57M | $-5.46M | $-291.92K | $-25.16K | $20.56K | $-21.50K |
| Net Margin % | -2.6% | -2.1% | -0.5% | -6.4% | -5.9% | -14.6% | -30.3% | -3.0% | -326.4% | 1171.6% | nan% |
| Diluted EPS | -1.96 | -0.04 | -0.01 | -0.04 | nan | -0.03 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | - | - | - | - | - | - | - | - | 9.8M | 7.5M |
| Diluted Shares Outstanding | - | - | - | 151.9M | - | 135.4M | - | - | - | - | - |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2014 (Jun 30, 2014) |
FY 2013 (Jun 30, 2013) |
FY 2012 (Jun 30, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.51M | $1.36M | $1.33M | $3.33M | $753.32K | $270.50K | $25.36K | - | - | $317.00 |
| Accounts Receivable | $57.16M | $12.54M | $4.21M | $2.54M | $2.53M | $2.76M | $1.94M | - | - | - |
| Inventory | $30.66K | $27.12K | $26.12K | - | - | - | - | $93.00 | $212.00 | - |
| Total Current Assets | $63.02M | $15.72M | $6.44M | $6.57M | $3.58M | $3.44M | $2.14M | $93.00 | $212.00 | $847.00 |
| Property Plant & Equipment | $561.80K | $523.00K | $401.02K | - | - | - | - | - | - | - |
| Goodwill | $6.75M | $5.17M | $5.17M | $1.54M | $1.54M | $1.46M | - | - | - | - |
| Intangible Assets | $7.44M | $99.59K | $99.59K | $99.59K | $21.88K | - | - | - | - | - |
| Other Non-current Assets | $999.08K | $214.99K | - | - | - | - | - | - | - | - |
| Total Assets | $79.01M | $22.16M | $12.55M | $9.06M | $5.95M | $5.60M | $2.44M | $93.00 | $212.00 | $62.54K |
| Accounts Payable | $2.13M | $2.97M | $2.25M | $1.47M | $2.74M | $2.29M | $1.39M | - | - | - |
| Short-term Debt | - | - | $94.34K | $315.45K | $1.33M | $89.67K | $233.70K | - | - | - |
| Accrued Liabilities | - | - | - | - | - | - | - | $4.98K | $14.41K | - |
| Other Current Liabilities | - | - | - | $307.05K | $413.68K | $848.48K | $257.08K | - | - | - |
| Total Current Liabilities | $63.82M | $13.84M | $6.45M | $2.36M | $7.91M | $11.15M | $1.85M | - | - | - |
| Total Liabilities | $67.11M | $14.11M | $6.71M | $2.64M | $8.35M | $11.37M | $1.94M | $44.45K | $19.41K | $82.20K |
| Common Stock | $202.98K | $172.13K | $161.59K | $147.48K | $118.13K | $18.01K | $15.00K | $10.00K | $10.00K | $7.50K |
| Retained Earnings | $-32.70M | $-26.08M | $-24.50M | $-18.54M | $-14.70M | $-8.13M | $-492.35K | - | - | - |
| Total Stockholders Equity | $7.22M | $8.42M | $6.76M | $7.42M | $-2.40M | $-5.77M | $501.14K | $-44.36K | $-19.20K | $-19.66K |
| Total Liabilities & Equity | $79.01M | $22.16M | $12.55M | $9.06M | $5.95M | $5.60M | $2.44M | $93.00 | $212.00 | $62.54K |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2014 (Jun 30, 2014) |
FY 2013 (Jun 30, 2013) |
FY 2012 (Jun 30, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-9.64M | $-5.99M | $-763.26K | $-5.97M | $-3.84M | $-6.57M | $-5.46M | $-291.92K | $-25.16K | $20.56K | $-21.50K |
| Depreciation & Amortization | $1.26M | $499.54K | $128.74K | $120.12K | $91.47K | $68.60K | $41.74K | $17.85K | - | - | - |
| Stock-based Compensation | $496.09K | $223.22K | $42.89K | $126.50K | $1.28M | $697.86K | - | - | - | - | - |
| Change in Receivables | $-55.72M | $56.09M | $8.01M | $799.53K | $39.86K | $-167.08K | $-522.36K | $-1.04M | - | - | - |
| Change in Inventory | - | $-3.54K | $-997.00 | $-26.12K | - | - | - | - | $119.00 | $318.00 | $-530.00 |
| Operating Cash Flow | $-6.56M | $-2.93M | $-1.48M | $-1.77M | $-3.15M | $-2.12M | $-1.24M | $-335.64K | $-34.47K | $-10.93K | - |
| Capital Expenditure | $273.38K | $151.62K | $220.04K | $112.07K | $153.18K | $90.19K | $32.01K | $426.00 | - | - | - |
| Acquisitions | - | - | - | $1.89M | $60.00K | $-15.78K | $-239.52K | - | - | - | - |
| Investing Cash Flow | $-664.39K | $-3.16M | $-332.55K | $-2.00M | $-511.35K | $-91.21K | $152.07K | $-426.00 | - | - | - |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | - | $100.00K | - | $1.10M | $6.34M | $1.92M | - | $180.00K | - | $25.00K | - |
| Financing Cash Flow | $5.46M | $7.24M | $1.83M | $1.77M | $6.25M | $2.66M | $1.36M | $299.73K | $34.47K | $11.24K | - |
| Net Change in Cash | $-1.76M | $1.15M | $33.28K | $-2.01M | $2.58M | $482.81K | $265.93K | $-35.91K | - | $317.00 | - |
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 | $102.87M | - | $232.68M | - |
| Cost of Revenue | $100.13M | - | $226.14M | - |
| Gross Profit | $2.74M | - | $6.55M | - |
| Operating Expenses | $3.30M | - | $8.37M | - |
| Operating Income | $-559.08K | - | $-1.82M | - |
| Interest Expense | - | - | $342.98K | - |
| Other Income/Expense | $-55.06K | - | $-134.80K | - |
| Income Before Tax | $-2.25M | - | $-5.64M | - |
| Income Tax Expense | $71.92K | - | $184.19K | - |
| Net Income | $-2.33M | $-1.96M | $-5.82M | - |
| Diluted EPS | -0.68 | - | -1.97 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $2.26M | $2.51M |
| Accounts Receivable | $23.98M | $57.16M |
| Inventory | $30.66K | $30.66K |
| Total Current Assets | $29.84M | $63.02M |
| Property Plant & Equipment | $670.64K | $561.80K |
| Goodwill | $7.96M | $6.75M |
| Intangible Assets | $7.08M | $7.44M |
| Other Non-current Assets | $1.10M | $999.08K |
| Total Assets | $46.89M | $79.01M |
| Accounts Payable | $7.94M | $2.13M |
| Total Current Liabilities | $28.74M | $63.82M |
| Total Liabilities | $29.03M | $67.11M |
| Common Stock | $3.83K | $2.54K |
| Retained Earnings | $-38.95M | $-32.70M |
| Total Stockholders Equity | $17.85M | $11.90M |
| Total Liabilities & Equity | $46.89M | $79.01M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.33M | $-1.96M | $-5.82M | - |
| Depreciation & Amortization | - | - | $450.14K | - |
| Stock-based Compensation | - | - | $294.34K | - |
| Change in Receivables | - | - | $-44.19M | - |
| Change in Inventory | - | - | - | - |
| Operating Cash Flow | - | - | $-2.60M | - |
| Capital Expenditure | - | - | $111.40K | - |
| Investing Cash Flow | - | - | $-219.33K | - |
| Financing Cash Flow | - | - | $2.57M | - |
| Net Change in Cash | - | - | $-250.93K | - |
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.