$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $4.96M | $4.57M | $8.55M | $2.14M | $2.85M | $16.73M | $8.32M |
| Revenue Growth % (YoY) | 73.8% | -72.7% | 2.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $7.68M | $4.47M | $8.25M | $1.82M | $527.10K | $12.69M | $7.10M |
| Gross Profit | $-2.72M | $103.32K | $302.62K | $321.53K | $2.33M | $4.04M | $1.22M |
| Gross Margin % | -54.9% | 2.3% | 3.5% | 15.0% | 81.5% | 24.2% | 14.7% |
| Operating Expenses | $8.68M | $6.98M | $14.57M | $6.50M | $5.56M | $14.44M | $10.04M |
| Research & Development | $862.27K | $518.85K | $1.43M | $784.18K | $868.65K | $1.48M | $1.09M |
| Operating Income | $-11.40M | $-6.87M | $-14.27M | $-6.17M | $-3.23M | $-10.40M | $-8.82M |
| Operating Margin % | -229.9% | -150.4% | -166.9% | -288.1% | -113.3% | -62.1% | -106.0% |
| Interest Expense | - | $112.71K | $275.08K | - | - | $34.20K | $97.79K |
| Other Income/Expense | $-45.65K | $200.57K | $225.21K | $295.59K | $-40.24K | $-646.72K | $-21.83K |
| Income Before Tax | $-48.97M | $-6.39M | $-13.58M | $-5.37M | $-6.70M | $-8.99M | $-9.20M |
| Income Tax Expense | $-12.91K | $-12.97K | $-27.04K | $-11.63K | $11.62K | $-12.43K | $-4.68K |
| Net Income | $-50.73M | $-6.71M | $-15.54M | $-5.65M | $-17.48M | $-8.97M | $-9.18M |
| Net Margin % | -1022.8% | -146.7% | -181.8% | -263.8% | -612.6% | -53.6% | -110.4% |
| Basic EPS | -86.65 | -0.14 | -0.46 | -0.18 | -0.56 | -0.29 | -0.30 |
| Diluted EPS | -86.65 | -0.14 | -0.46 | -0.18 | -0.56 | -0.29 | -0.30 |
| Basic Shares Outstanding | - | 51.2M | 33.6M | 30.9M | 8K | 30.8M | 30.8M |
| Diluted Shares Outstanding | - | 51.2M | 33.6M | 30.9M | 8K | 30.8M | 30.8M |
| 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 | $4.48M | $4.44M | $5.99M | $8.54M | $12.55M | $21.82M | $16.23M |
| Short-term Investments | - | $1.02K | - | - | $5.50K | $9.65K | $4.15M |
| Accounts Receivable | $1.28M | $1.60M | $3.24M | $3.10M | $3.28M | $4.56M | $7.87M |
| Inventory | $21.94M | $24.29M | $25.44M | $25.28M | $24.01M | $35.88M | $41.27M |
| Other Current Assets | $1.05M | $17.06M | $18.61M | $18.10M | $1.09M | $20.97M | $21.69M |
| Total Current Assets | $45.63M | $52.29M | $58.60M | $62.94M | $65.92M | $84.78M | $91.59M |
| Property Plant & Equipment | $15.92M | $16.73M | $17.27M | $17.59M | $17.40M | $20.18M | $20.08M |
| Goodwill | - | - | - | - | - | $225.17K | $216.40K |
| Intangible Assets | $6.14M | $6.16M | $6.24M | $6.20M | $6.23M | $6.62M | $6.49M |
| Other Non-current Assets | $1.03M | $1.11M | $1.92M | $1.99M | $2.06M | $1.56M | $1.45M |
| Total Assets | $74.43M | $112.71M | $124.40M | $129.34M | $132.57M | $159.84M | $167.75M |
| Accounts Payable | $5.53M | $3.72M | $3.92M | $4.81M | $5.14M | $6.16M | $6.63M |
| 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 |
| Other Current Liabilities | $889.67K | $873.58K | $1.02M | $1.09M | $26.23K | - | - |
| Total Current Liabilities | $26.66M | $27.35M | $32.62M | $31.01M | $29.11M | $31.44M | $30.94M |
| 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 |
| Common Stock | $147.00 | - | - | - | - | - | - |
| Retained Earnings | $-391.87M | $-341.14M | $-334.43M | $-324.54M | $-318.89M | $-301.41M | $-292.44M |
| Total Stockholders Equity | $40.28M | $76.03M | $79.63M | $73.32M | $77.84M | $96.71M | $103.85M |
| Total Liabilities & Equity | $74.43M | $112.71M | $124.40M | $129.34M | $132.57M | $159.84M | $167.75M |
| 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 | $-50.73M | $-6.71M | $-15.54M | $-5.65M | $-17.48M | $-27.38M | $-9.18M |
| Operating Cash Flow | $-1.84M | $-10.78M | $-9.36M | $-4.95M | $-8.45M | $-12.91M | $-12.71M |
| Capital Expenditure | - | $737.48K | $640.20K | $519.89K | $125.67K | $720.45K | $663.12K |
| Investing Cash Flow | $-284.03K | $-582.64K | $-601.07K | $-499.56K | $-786.49K | $4.86M | $-349.92K |
| Financing Cash Flow | $2.16M | $2.74M | $2.93M | $1.17M | $-12.24K | $1.24M | $461.64K |
| Net Change in Cash | $147.83K | $-8.42M | $-6.87M | $-4.22M | $-9.87M | $-6.74M | $-13.15M |
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.