$211.08M
Revenue
$-51.06M
Net Income
69.32%
Gross Margin
-18.48%
Op. Margin
$-120.27M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $64.62M | $53.78M | $51.30M | $41.38M | $44.51M | $40.23M | $44.12M |
| Revenue Growth % (YoY) | 45.2% | 33.7% | 16.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $19.09M | $16.09M | $16.03M | $13.57M | $14.02M | $14.51M | $15.18M |
| Gross Profit | $45.53M | $37.70M | $35.27M | $27.81M | $30.49M | $25.72M | $28.94M |
| Gross Margin % | 70.5% | 70.1% | 68.8% | 67.2% | 68.5% | 63.9% | 65.6% |
| Operating Expenses | $49.46M | $41.72M | $49.38M | $44.75M | $49.16M | $38.86M | $38.28M |
| Research & Development | $5.43M | $4.55M | $5.20M | $5.05M | $5.14M | $4.80M | $5.49M |
| Selling General & Admin | $44.03M | $37.17M | $44.18M | $39.70M | $44.02M | $34.05M | $32.79M |
| Operating Income | $-3.93M | $-4.03M | $-14.11M | $-16.95M | $-18.67M | $-13.14M | $-9.34M |
| Operating Margin % | -6.1% | -7.5% | -27.5% | -41.0% | -41.9% | -32.7% | -21.2% |
| Interest Expense | $5.17M | $15.37M | $10.22M | $5.14M | $4.69M | $5.31M | $5.19M |
| Interest Income | $34.00K | $48.00K | $91.00K | $250.00K | $199.00K | $234.00K | $556.00K |
| Other Income/Expense | $-775.00K | $-542.00K | $4.38M | $2.75M | $-11.52M | $2.05M | $-2.78M |
| Income Before Tax | $-11.91M | $-10.72M | $-15.59M | $-19.80M | $-35.94M | $-16.17M | $-16.75M |
| Income Tax Expense | $-9.30M | $424.00K | $1.00M | $914.00K | $-1.41M | $510.00K | $428.00K |
| Net Income | $-2.62M | $-11.15M | $-16.59M | $-20.71M | $-34.53M | $-16.68M | $-17.18M |
| Net Margin % | -4.0% | -20.7% | -32.3% | -50.1% | -77.6% | -41.5% | -38.9% |
| Basic EPS | nan | -0.38 | -0.57 | -0.70 | -1.20 | -0.59 | -0.62 |
| Diluted EPS | nan | -0.38 | -0.57 | -0.70 | -1.20 | -0.59 | -0.62 |
| Basic Shares Outstanding | 65K | 29.6M | 28.9M | 29.5M | 277K | 28.2M | 27.9M |
| Diluted Shares Outstanding | 65K | 29.6M | 28.9M | 29.5M | 277K | 28.2M | 27.9M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $75.57M | $70.62M | $54.64M | $69.18M | $90.35M | $39.70M | $54.60M |
| Accounts Receivable | $77.50M | $71.44M | $70.09M | $63.24M | $65.00M | $67.25M | $59.98M |
| Inventory | $85.61M | $88.16M | $94.68M | $90.42M | $78.77M | $67.12M | $64.21M |
| Other Current Assets | $11.26M | $9.37M | $9.75M | $8.86M | $8.92M | $8.88M | $7.34M |
| Total Current Assets | $249.94M | $239.60M | $229.17M | $231.70M | $243.04M | $182.95M | $186.13M |
| Property Plant & Equipment | $75.61M | $76.24M | $76.36M | $76.39M | $78.03M | $79.42M | $79.55M |
| Goodwill | $1.21M | $1.21M | $1.21M | $1.21M | $1.21M | $465.00K | $465.00K |
| Intangible Assets | $9.94M | $10.40M | $11.19M | $11.57M | $11.68M | $9.78M | $10.04M |
| Other Non-current Assets | $16.12M | $6.94M | $6.94M | $7.31M | $7.31M | $5.21M | $5.19M |
| Total Assets | $357.17M | $338.89M | $329.67M | $333.36M | $346.83M | $282.69M | $285.09M |
| Accounts Payable | $43.11M | $39.72M | $55.81M | $45.19M | $44.76M | $34.40M | $28.42M |
| Accrued Liabilities | $18.86M | $18.11M | $17.37M | $20.60M | $16.54M | $13.82M | $11.81M |
| Deferred Revenue | $1.21M | - | - | - | $1.75M | $1.65M | $1.66M |
| Other Current Liabilities | $20.18M | $14.15M | $7.57M | $3.25M | $6.98M | $2.28M | - |
| Total Current Liabilities | $82.14M | $71.98M | $80.74M | $69.04M | $68.28M | $50.50M | $41.89M |
| Long-term Debt | $247.52M | $246.46M | $221.13M | $220.34M | $219.58M | $194.36M | $193.73M |
| Other Non-current Liabilities | $1.14M | $1.11M | $1.67M | $1.63M | $1.68M | $1.29M | $1.46M |
| Total Liabilities | $333.62M | $322.53M | $306.90M | $294.81M | $293.74M | $249.97M | $240.07M |
| Common Stock | $433.38M | $426.07M | $425.86M | $424.53M | $420.36M | $368.93M | $368.23M |
| Retained Earnings | $-495.76M | $-493.14M | $-482.00M | $-465.40M | $-444.69M | $-410.16M | $-393.48M |
| Total Stockholders Equity | $23.55M | $16.36M | $22.76M | $38.55M | $53.09M | $32.71M | $45.02M |
| Total Liabilities & Equity | $357.17M | $338.89M | $329.67M | $333.36M | $346.83M | $282.69M | $285.09M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $-2.62M | $-11.15M | $-37.30M | $-20.71M | $-34.53M | $-50.06M | $-33.38M |
| Stock-based Compensation | $2.90M | $8.51M | $5.62M | $2.43M | $3.55M | $10.86M | $7.20M |
| Change in Receivables | $6.47M | $5.00M | $3.69M | $-775.00K | $5.15M | $21.13M | $14.22M |
| Change in Inventory | $-1.11M | $8.17M | $15.57M | $10.18M | $11.34M | $-10.87M | $-12.36M |
| Change in Payables | $2.64M | $-4.94M | $11.38M | $1.35M | $11.05M | $-4.38M | $-11.00M |
| Operating Cash Flow | $-162.00K | $-50.73M | $-39.48M | $-20.73M | $-20.75M | $-37.77M | $-25.31M |
| Capital Expenditure | $1.82M | $4.22M | $2.38M | $753.00K | $531.00K | $5.58M | $4.11M |
| Acquisitions | - | $307.00K | $307.00K | $307.00K | $50.00K | - | - |
| Investing Cash Flow | $-1.66M | $-5.37M | $-3.41M | $-1.34M | $-1.82M | $-13.79M | $-11.03M |
| Stock Issued | - | - | - | - | $49.75M | $49.74M | $49.74M |
| Financing Cash Flow | $6.05M | $34.38M | $4.93M | $-203.00K | $74.49M | $51.40M | $51.43M |
| Net Change in Cash | $4.95M | $-19.72M | $-35.71M | $-21.17M | $50.65M | $-338.00K | $14.56M |
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 | $53.78M | - | $146.46M | - |
| Cost of Revenue | $16.09M | - | $45.68M | - |
| Gross Profit | $37.70M | - | $100.78M | - |
| Operating Expenses | $41.72M | - | $135.85M | - |
| Research & Development | $4.55M | - | $14.81M | - |
| Selling General & Admin | $37.17M | - | $121.04M | - |
| Operating Income | $-4.03M | - | $-35.08M | - |
| Interest Expense | $6.20M | - | $15.37M | - |
| Interest Income | $48.00K | - | $389.00K | - |
| Other Income/Expense | $-542.00K | - | $6.59M | - |
| Income Before Tax | $-10.72M | - | $-46.11M | - |
| Income Tax Expense | $424.00K | - | $2.34M | - |
| Net Income | $-11.15M | $-17.18M | $-48.45M | - |
| Basic EPS | -0.38 | - | -1.64 | - |
| Diluted EPS | -0.38 | - | -1.64 | - |
| Basic Shares Outstanding | $29.62M | - | $29.55M | - |
| Diluted Shares Outstanding | $29.62M | - | $29.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $70.62M | $90.35M |
| Accounts Receivable | $71.44M | $65.00M |
| Inventory | $88.16M | $78.77M |
| Other Current Assets | $9.37M | $8.92M |
| Total Current Assets | $239.60M | $243.04M |
| Property Plant & Equipment | $76.24M | $78.03M |
| Goodwill | $1.21M | $1.21M |
| Intangible Assets | $10.40M | $11.68M |
| Other Non-current Assets | $6.94M | $7.31M |
| Total Assets | $338.89M | $346.83M |
| Accounts Payable | $39.72M | $44.76M |
| Accrued Liabilities | $18.11M | $16.54M |
| Other Current Liabilities | $14.15M | $6.98M |
| Total Current Liabilities | $71.98M | $68.28M |
| Long-term Debt | $246.46M | $219.58M |
| Other Non-current Liabilities | $1.11M | $1.68M |
| Total Liabilities | $322.53M | $293.74M |
| Common Stock | $426.07M | $420.36M |
| Retained Earnings | $-493.14M | $-444.69M |
| Total Stockholders Equity | $16.36M | $53.09M |
| Total Liabilities & Equity | $338.89M | $346.83M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-11.15M | $-17.18M | $-48.45M | - |
| Stock-based Compensation | - | - | $8.51M | - |
| Change in Receivables | - | - | $5.00M | - |
| Change in Inventory | - | - | $8.17M | - |
| Change in Payables | - | - | $-4.94M | - |
| Operating Cash Flow | - | - | $-50.73M | - |
| Capital Expenditure | - | - | $4.22M | - |
| Acquisitions | - | - | $307.00K | - |
| Investing Cash Flow | - | - | $-5.37M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $34.38M | - |
| Net Change in Cash | - | - | $-19.72M | - |
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.