$20.22M
Revenue
$-78.64M
Net Income
-9.86%
Gross Margin
-191.47%
Op. Margin
$-26.93M
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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.96M | $4.57M | $8.55M | $2.14M | $2.85M | $16.73M | $8.32M | $3.39M | $8.61M | $5.76M | $4.24M | $3.47M |
| Revenue Growth % (YoY) | 73.8% | -72.7% | 2.8% | -36.8% | -66.9% | 190.3% | 96.4% | -2.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $7.68M | $4.47M | $8.25M | $1.82M | $527.10K | $12.69M | $7.10M | $3.38M | $8.41M | $5.05M | $3.09M | $3.28M |
| Gross Profit | $-2.72M | $103.32K | $302.62K | $321.53K | $2.33M | $4.04M | $1.22M | $14.27K | $198.80K | $717.47K | $1.15M | $194.74K |
| Gross Margin % | -54.9% | 2.3% | 3.5% | 15.0% | 81.5% | 24.2% | 14.7% | 0.4% | 2.3% | 12.4% | 27.1% | 5.6% |
| Operating Expenses | $8.68M | $6.98M | $14.57M | $6.50M | $5.56M | $14.44M | $10.04M | $9.41M | $14.24M | $13.33M | $14.17M | $10.80M |
| Research & Development | $862.27K | $518.85K | $1.43M | $784.18K | $868.65K | $1.48M | $1.09M | $1.73M | $3.12M | $1.63M | $2.14M | $1.57M |
| Operating Income | $-11.40M | $-6.87M | $-14.27M | $-6.17M | $-3.23M | $-10.40M | $-8.82M | $-9.39M | $-14.04M | $-12.62M | $-13.02M | $-10.60M |
| Operating Margin % | -229.9% | -150.4% | -166.9% | -288.1% | -113.3% | -62.1% | -106.0% | -276.9% | -163.1% | -218.9% | -307.3% | -305.5% |
| Interest Expense | - | $112.71K | $275.08K | - | - | $34.20K | $97.79K | $-73.24K | $-540.14K | - | - | - |
| Other Income/Expense | $-45.65K | $200.57K | $225.21K | $295.59K | $-40.24K | $-646.72K | $-21.83K | $190.64K | $1.49M | $-111.81K | $-1.12M | $358.08K |
| Income Before Tax | $-48.97M | $-6.39M | $-13.58M | $-5.37M | $-6.70M | $-8.99M | $-9.20M | $-9.26M | $-13.08M | $-16.10M | $-14.05M | $-11.11M |
| Income Tax Expense | $-12.91K | $-12.97K | $-27.04K | $-11.63K | $11.62K | $-12.43K | $-4.68K | $-30.03K | $-16.10K | $-384.00 | $25.47K | - |
| Net Income | $-50.73M | $-6.71M | $-15.54M | $-5.65M | $-17.48M | $-8.97M | $-9.18M | $-9.23M | $-13.06M | $-16.10M | $-14.07M | $-10.96M |
| Net Margin % | -1022.8% | -146.7% | -181.8% | -263.8% | -612.6% | -53.6% | -110.4% | -272.1% | -151.8% | -279.4% | -332.1% | -315.7% |
| Basic EPS | -86.65 | -0.14 | -0.46 | -0.18 | -0.56 | -0.29 | -0.30 | -0.30 | -0.43 | nan | nan | nan |
| Diluted EPS | -86.65 | -0.14 | -0.46 | -0.18 | -0.56 | -0.29 | -0.30 | -0.30 | -0.43 | nan | nan | nan |
| Basic Shares Outstanding | - | 51.2M | 33.6M | 30.9M | 8K | 30.8M | 30.8M | 30.8M | 24K | - | - | - |
| Diluted Shares Outstanding | - | 51.2M | 33.6M | 30.9M | 8K | 30.8M | 30.8M | 30.8M | 24K | - | - | - |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $4.48M | $4.44M | $5.99M | $8.54M | $12.55M | $21.82M | $16.23M | $20.26M | $29.38M | $44.65M | $60.39M | $91.85M |
| Short-term Investments | - | $1.02K | - | - | $5.50K | $9.65K | $4.15M | $4.20M | $4.24M | - | - | - |
| Accounts Receivable | $1.28M | $1.60M | $3.24M | $3.10M | $3.28M | $4.56M | $7.87M | $4.58M | $6.53M | $4.65M | $2.65M | $2.73M |
| Inventory | $21.94M | $24.29M | $25.44M | $25.28M | $24.01M | $35.88M | $41.27M | $43.77M | $43.91M | $43.08M | $41.80M | $36.55M |
| Other Current Assets | $1.05M | $17.06M | $18.61M | $18.10M | $1.09M | $20.97M | $21.69M | $21.34M | $20.39M | $17.36M | $18.34M | $15.60M |
| Total Current Assets | $45.63M | $52.29M | $58.60M | $62.94M | $65.92M | $84.78M | $91.59M | $94.73M | $104.93M | $110.16M | $123.49M | $147.18M |
| Property Plant & Equipment | $15.92M | $16.73M | $17.27M | $17.59M | $17.40M | $20.18M | $20.08M | $20.20M | $20.40M | $20.13M | $18.51M | $17.27M |
| Goodwill | - | - | - | - | - | $225.17K | $216.40K | $218.02K | $223.49K | - | - | - |
| Intangible Assets | $6.14M | $6.16M | $6.24M | $6.20M | $6.23M | $6.62M | $6.49M | $6.64M | $6.87M | $6.38M | $6.44M | $4.56M |
| Other Non-current Assets | $1.03M | $1.11M | $1.92M | $1.99M | $2.06M | $1.56M | $1.45M | $2.13M | $2.23M | $2.15M | $2.23M | $2.31M |
| Total Assets | $74.43M | $112.71M | $124.40M | $129.34M | $132.57M | $159.84M | $167.75M | $173.04M | $185.54M | $191.86M | $206.05M | $221.07M |
| Accounts Payable | $5.53M | $3.72M | $3.92M | $4.81M | $5.14M | $6.16M | $6.63M | $6.56M | $6.80M | $4.84M | $3.36M | $2.90M |
| Short-term Debt | $1.26M | $906.03K | $1.22M | $237.30K | $249.61K | $262.84K | - | - | - | - | - | - |
| Deferred Revenue | $3.02M | $3.70M | $4.75M | $5.10M | $4.12M | $4.96M | $5.48M | $2.66M | $3.39M | $3.08M | $3.31M | $2.66M |
| Other Current Liabilities | $889.67K | $873.58K | $1.02M | $1.09M | $26.23K | - | - | - | $10.47K | $37.95K | $41.30K | $46.90K |
| Total Current Liabilities | $26.66M | $27.35M | $32.62M | $31.01M | $29.11M | $31.44M | $30.94M | $27.24M | $29.30M | $26.18M | $26.53M | $30.01M |
| Long-term Debt | $1.21M | - | - | $339.31K | $362.39K | $361.40K | $366.59K | - | - | - | - | - |
| Total Liabilities | $34.05M | $36.57M | $44.65M | $55.91M | $54.61M | $62.98M | $63.75M | $60.50M | $63.67M | $59.85M | $59.16M | $58.54M |
| Common Stock | $147.00 | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-391.87M | $-341.14M | $-334.43M | $-324.54M | $-318.89M | $-301.41M | $-292.44M | $-283.25M | $-274.02M | $-260.96M | $-244.86M | $-230.78M |
| Total Stockholders Equity | $40.28M | $76.03M | $79.63M | $73.32M | $77.84M | $96.71M | $103.85M | $112.54M | $121.87M | $132.01M | $146.89M | $162.53M |
| Total Liabilities & Equity | $74.43M | $112.71M | $124.40M | $129.34M | $132.57M | $159.84M | $167.75M | $173.04M | $185.54M | $191.86M | $206.05M | $221.07M |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-50.73M | $-6.71M | $-15.54M | $-5.65M | $-17.48M | $-27.38M | $-9.18M | $-9.23M | $-13.06M | $-41.14M | $-25.03M | $-10.96M |
| Operating Cash Flow | $-1.84M | $-10.78M | $-9.36M | $-4.95M | $-8.45M | $-12.91M | $-12.71M | $-8.86M | $-12.87M | $-45.59M | $-35.50M | $-17.36M |
| Capital Expenditure | - | $737.48K | $640.20K | $519.89K | $125.67K | $720.45K | $663.12K | $327.59K | $306.51K | $7.33M | $5.08M | $2.58M |
| Investing Cash Flow | $-284.03K | $-582.64K | $-601.07K | $-499.56K | $-786.49K | $4.86M | $-349.92K | $306.76K | $-3.47M | $-12.91M | $-9.99M | $-5.49M |
| Financing Cash Flow | $2.16M | $2.74M | $2.93M | $1.17M | $-12.24K | $1.24M | $461.64K | - | $1.00K | $-48.14M | $-45.58M | $-39.58M |
| Net Change in Cash | $147.83K | $-8.42M | $-6.87M | $-4.22M | $-9.87M | $-6.74M | $-13.15M | $-8.99M | $-15.27M | $-109.25M | $-93.61M | $-62.16M |
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 | $4.57M | $16.23M | $13.12M | $25.89M |
| Cost of Revenue | $4.47M | $9.93M | $12.71M | $17.84M |
| Gross Profit | $103.32K | $6.30M | $405.94K | $8.04M |
| Operating Expenses | $6.98M | $12.86M | $21.55M | $29.60M |
| Research & Development | $518.85K | $1.40M | $1.95M | $3.94M |
| Operating Income | $-6.87M | $-6.56M | $-21.15M | $-21.55M |
| Interest Expense | $112.71K | $34.20K | $387.79K | $58.74K |
| Other Income/Expense | $200.57K | $-647.43K | $425.78K | $-799.89K |
| Income Before Tax | $-6.39M | $-5.31M | $-19.97M | $-20.79M |
| Income Tax Expense | $-12.97K | $-12.33K | $-40.01K | $-29.08K |
| Net Income | $-6.71M | $-8.97M | $-22.25M | $-27.38M |
| Basic EPS | -0.14 | -0.29 | -0.56 | -0.89 |
| Diluted EPS | -0.14 | -0.29 | -0.56 | -0.89 |
| Basic Shares Outstanding | $51.22M | $30.84M | $39.57M | $30.83M |
| Diluted Shares Outstanding | $51.22M | $30.84M | $39.57M | $30.83M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.44M | $12.55M |
| Short-term Investments | $1.02K | $5.50K |
| Accounts Receivable | $1.60M | $3.28M |
| Inventory | $24.29M | $24.01M |
| Other Current Assets | $17.06M | $18.08M |
| Total Current Assets | $52.29M | $65.92M |
| Property Plant & Equipment | $16.73M | $17.40M |
| Intangible Assets | $6.16M | $6.23M |
| Other Non-current Assets | $1.11M | $2.06M |
| Total Assets | $112.71M | $132.57M |
| Accounts Payable | $3.72M | $5.14M |
| Short-term Debt | $906.03K | $249.61K |
| Deferred Revenue | $3.70M | $4.12M |
| Other Current Liabilities | $873.58K | $26.23K |
| Total Current Liabilities | $27.35M | $29.11M |
| Long-term Debt | - | $362.39K |
| Total Liabilities | $36.57M | $54.61M |
| Common Stock | - | - |
| Retained Earnings | $-341.14M | $-318.89M |
| Total Stockholders Equity | $76.03M | $77.84M |
| Total Liabilities & Equity | $112.71M | $132.57M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-6.71M | $-8.97M | $-22.25M | $-27.38M |
| Operating Cash Flow | - | - | $-10.78M | $-12.91M |
| Capital Expenditure | - | - | $737.48K | $720.45K |
| Investing Cash Flow | - | - | $-582.64K | $4.86M |
| Financing Cash Flow | - | - | $2.74M | $1.24M |
| Net Change in Cash | - | - | $-8.42M | $-6.74M |
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.