$26.61M
Revenue
$-8.07M
Net Income
25.63%
Gross Margin
-33.02%
Op. Margin
$-16.23M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $26.61M | $26.61M | $30.75M | $57.06M | $46.55M | $15.14M |
| Revenue Growth % | 0.0% | -13.5% | -46.1% | 22.6% | 207.4% | nan% |
| Cost of Revenue | $19.79M | $19.79M | $26.24M | $51.01M | $43.82M | $13.33M |
| Gross Profit | $6.82M | $6.82M | $4.51M | $6.05M | $2.73M | $1.81M |
| Gross Margin % | 25.6% | 25.6% | 14.7% | 10.6% | 5.9% | 11.9% |
| Operating Expenses | $15.61M | $15.61M | $19.10M | $83.82M | $35.86M | $41.59M |
| Selling General & Admin | $10.59M | $10.59M | $13.08M | $26.74M | $23.11M | $9.81M |
| Operating Income | $-8.79M | $-8.79M | $-14.59M | $-77.77M | $-33.14M | $-39.78M |
| Operating Margin % | -33.0% | -33.0% | -47.4% | -136.3% | -71.2% | -262.7% |
| Interest Expense | $276.50K | $7.90M | $2.72M | $2.88M | $680.92K | $307.36K |
| Other Income/Expense | $11.87K | $11.87K | $-116.06K | $-13.64K | $43.33K | $-39.06K |
| Income Before Tax | $-8.07M | $-8.07M | $-19.91M | $-80.67M | $-33.78M | $-39.15M |
| Income Tax Expense | - | - | - | $-435.68K | $-549.00 | - |
| Net Income | $-8.07M | $-8.07M | $-24.24M | $-80.23M | $-33.78M | $-39.15M |
| Net Margin % | -30.3% | -30.3% | -78.8% | -140.6% | -72.6% | -258.5% |
| Basic EPS | nan | -0.30 | -2.03 | -7.22 | -0.24 | -0.33 |
| Diluted EPS | nan | -0.42 | -2.03 | -7.22 | -3.64 | -0.33 |
| Basic Shares Outstanding | 3.5M | 30.1M | 12.0M | 11.1M | 139.1M | 118.9M |
| Diluted Shares Outstanding | 3.3M | 30.6M | 12.0M | 11.1M | 139.1M | 118.9M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.70M | $992.59K | $1.06M | $1.83M | $2.73M |
| Accounts Receivable | $1.20M | $1.84M | $5.69M | $7.86M | $4.84M |
| Inventory | - | - | $218.89K | $11.80K | $727.97K |
| Other Current Assets | $205.00K | $137.72K | $1.20M | $1.72M | $960.97K |
| Total Current Assets | $3.26M | $3.48M | $10.96M | $14.40M | $9.25M |
| Property Plant & Equipment | $450.10K | $730.51K | $3.68M | $4.68M | $1.86M |
| Goodwill | $19.90M | $19.90M | $31.52M | $76.66M | $16.79M |
| Intangible Assets | $881.08K | $1.80M | $3.78M | $8.48M | $6.54M |
| Other Non-current Assets | $131.97K | $129.92K | $71.52K | $22.59K | - |
| Total Assets | $25.03M | $26.65M | $51.66M | $104.50M | $35.81M |
| Accounts Payable | $2.68M | $6.11M | - | - | - |
| Accrued Liabilities | $797.01K | $1.48M | - | - | - |
| Deferred Revenue | $1.02M | $1.37M | $4.16M | $4.47M | $52.82K |
| Total Current Liabilities | $7.74M | $24.96M | $26.07M | $23.21M | $5.14M |
| Long-term Debt | $3.60K | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | $435.68K | - |
| Total Liabilities | $8.04M | $25.51M | $35.52M | $28.05M | $10.51M |
| Common Stock | $451.00 | $123.00 | $119.00 | $1.46K | $1.26K |
| Retained Earnings | $-190.34M | $-182.26M | $-158.02M | $-77.79M | $-44.01M |
| Treasury Stock | $290.74K | $290.74K | - | - | - |
| Total Stockholders Equity | $14.82M | $1.15M | $16.14M | $76.45M | $25.30M |
| Total Liabilities & Equity | $25.03M | $26.65M | $51.66M | $104.50M | $35.81M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-13.45M | $-8.07M | $-24.24M | $-80.23M | $-33.78M | $-39.15M |
| Depreciation & Amortization | $2.14M | $1.21M | $2.42M | $3.14M | $3.07M | $294.86K |
| Stock-based Compensation | $6.29M | $3.51M | $8.96M | $11.47M | $15.46M | $7.80M |
| Deferred Income Tax | - | - | - | - | - | - |
| Change in Receivables | $-855.77K | $-589.74K | $-2.33M | $-2.09M | $979.90K | $2.36M |
| Change in Inventory | - | - | $-161.59K | $217.66K | $-173.16K | $-497.89K |
| Change in Payables | - | $-3.40M | $-179.24K | - | - | - |
| Operating Cash Flow | $-16.23M | $-7.97M | $-3.84M | $-5.92M | $-10.68M | $-7.39M |
| Capital Expenditure | - | $7.49K | $83.09K | $213.63K | $512.25K | - |
| Acquisitions | - | - | - | $-30.43K | $5.54M | $-2.05M |
| Investing Cash Flow | - | $-7.49K | $-83.09K | $-160.16K | $-6.05M | $2.05M |
| Stock Issued | - | $131.32K | $154.95K | $6.66M | $10.69M | $3.25M |
| Financing Cash Flow | $17.50M | $8.68M | $3.91M | $6.19M | $15.78M | $2.86M |
| Net Change in Cash | $1.27M | $703.40K | $-69.85K | $-770.72K | $-891.87K | $-2.47M |
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 | $6.46M | $7.51M | $20.34M | $23.35M |
| Cost of Revenue | $4.85M | $6.48M | $15.31M | $20.67M |
| Gross Profit | $1.61M | $1.03M | $5.03M | $2.67M |
| Operating Expenses | $4.24M | $4.55M | $11.70M | $15.33M |
| Selling General & Admin | $2.57M | $3.08M | $7.86M | $10.67M |
| Operating Income | $-2.63M | $-3.52M | $-6.67M | $-12.66M |
| Interest Expense | $127.21K | $1.24M | $646.06K | $1.78M |
| Other Income/Expense | $-2.46K | $917.85K | $-7.61K | $882.93K |
| Income Before Tax | $2.53M | $-3.84M | $-5.86M | $-14.39M |
| Income Tax Expense | - | - | - | - |
| Net Income | $2.53M | $-3.68M | $-5.86M | $-18.72M |
| Basic EPS | 0.07 | -0.32 | -0.23 | -1.56 |
| Diluted EPS | -0.05 | -0.32 | -0.36 | -1.56 |
| Basic Shares Outstanding | $33.40M | $11.69M | $26.57M | $12.00M |
| Diluted Shares Outstanding | $33.75M | $11.69M | $27.29M | $12.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.11M | $992.59K |
| Accounts Receivable | $1.30M | $1.84M |
| Other Current Assets | $313.92K | $137.72K |
| Total Current Assets | $2.99M | $3.48M |
| Property Plant & Equipment | $503.26K | $730.51K |
| Goodwill | $19.90M | $19.90M |
| Intangible Assets | $1.10M | $1.80M |
| Other Non-current Assets | $131.97K | $129.92K |
| Total Assets | $25.09M | $26.65M |
| Deferred Revenue | $654.96K | $1.37M |
| Total Current Liabilities | $8.37M | $24.96M |
| Total Liabilities | $8.74M | $25.51M |
| Common Stock | $346.00 | $123.00 |
| Retained Earnings | $-188.12M | $-182.26M |
| Treasury Stock | $290.74K | $290.74K |
| Total Stockholders Equity | $16.34M | $1.15M |
| Total Liabilities & Equity | $25.09M | $26.65M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $2.53M | $-3.68M | $-5.86M | $-18.72M |
| Depreciation & Amortization | - | - | $923.85K | $1.95M |
| Stock-based Compensation | - | - | $2.81M | $6.90M |
| Change in Receivables | - | - | $-492.55K | $-2.33M |
| Change in Inventory | - | - | - | $-161.59K |
| Operating Cash Flow | - | - | $-6.18M | $-3.58M |
| Capital Expenditure | - | - | - | $83.09K |
| Investing Cash Flow | - | - | - | $916.90K |
| Financing Cash Flow | - | - | $6.30M | $2.11M |
| Net Change in Cash | - | - | $119.14K | $-619.36K |
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.