$11.53M
Revenue
$-23.97M
Net Income
7.90%
Gross Margin
-172.28%
Op. Margin
$-19.70M
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 | $4.14M | $4.82M | $1.22M | $1.36M | $2.38M | $2.01M | $621.00K |
| Revenue Growth % (YoY) | 73.7% | 139.1% | 96.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $3.56M | $3.99M | $1.41M | $1.66M | $2.79M | $2.30M | $1.50M |
| Gross Profit | $584.00K | $825.00K | $-194.00K | $-304.00K | $-410.00K | $-288.00K | $-880.00K |
| Gross Margin % | 14.1% | 17.1% | -15.9% | -22.4% | -17.2% | -14.3% | -141.7% |
| Operating Expenses | $2.28M | $6.86M | $5.63M | $6.01M | $3.70M | $7.47M | $7.00M |
| Research & Development | $465.00K | $404.00K | $779.00K | $1.27M | $280.00K | $2.21M | $2.47M |
| Operating Income | $-1.69M | $-6.03M | $-5.82M | $-6.31M | $-4.11M | $-7.75M | $-7.88M |
| Operating Margin % | -40.9% | -125.3% | -477.8% | -465.5% | -172.4% | -385.0% | -1269.2% |
| Interest Expense | - | - | $88.00K | $88.00K | $-701.00K | $2.15M | - |
| Other Income/Expense | $90.00K | $-56.00K | $-927.00K | $-111.00K | $-450.00K | $256.00K | $-1.11M |
| Income Before Tax | $-9.96M | $-5.23M | $-2.18M | $-6.60M | $-5.76M | $-7.14M | $-10.64M |
| Income Tax Expense | - | - | - | - | - | - | - |
| Net Income | $-9.96M | $-5.23M | $-2.18M | $-6.60M | $-5.76M | $-7.14M | $-10.64M |
| Net Margin % | -240.5% | -108.6% | -178.8% | -486.9% | -241.8% | -354.6% | -1712.9% |
| Basic EPS | nan | -3.11 | -2.13 | -1.74 | -148.06 | -1.53 | -17.48 |
| Diluted EPS | nan | -3.11 | -2.13 | -1.74 | -148.06 | -1.53 | -17.48 |
| Basic Shares Outstanding | -894K | 1.7M | 1.0M | 3.8M | -1.7M | 4.7M | 609K |
| Diluted Shares Outstanding | -894K | 1.7M | 1.0M | 3.8M | -1.7M | 4.7M | 609K |
| 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 | $512.00K | $845.00K | $582.00K | $2.21M | $138.00K | $2.27M | $156.00K |
| Accounts Receivable | $2.61M | $2.38M | $1.76M | $1.76M | $1.43M | $519.00K | $259.00K |
| Inventory | $7.33M | - | - | - | $6.69M | - | - |
| Other Current Assets | $860.00K | $1.77M | $763.00K | $858.00K | $810.00K | $684.00K | $652.00K |
| Total Current Assets | $14.70M | $17.37M | $14.96M | $11.44M | $8.22M | $10.24M | $8.27M |
| Property Plant & Equipment | $379.00K | $327.00K | $66.00K | $80.00K | $116.00K | $164.00K | $237.00K |
| Goodwill | $15.54M | $15.14M | $13.22M | $13.22M | $13.22M | $13.52M | $13.55M |
| Intangible Assets | $7.86M | $8.12M | $5.28M | $5.65M | $6.11M | $7.18M | $7.75M |
| Total Assets | $46.84M | $85.44M | $86.24M | $37.82M | $34.17M | $37.75M | $37.77M |
| Accounts Payable | $8.98M | $8.94M | $4.67M | $7.70M | $11.17M | $12.88M | $13.60M |
| Deferred Revenue | $1.32M | $391.00K | $62.00K | $66.00K | $77.00K | $104.00K | $207.00K |
| Total Current Liabilities | $31.29M | $30.81M | $22.21M | $21.26M | $26.88M | $26.55M | $35.60M |
| Other Non-current Liabilities | $1.75M | $1.90M | $1.88M | - | - | $1.05M | $1.35M |
| Total Liabilities | $38.15M | $67.98M | $69.97M | $24.06M | $27.05M | $31.96M | $37.35M |
| Common Stock | - | $10.00K | $10.00K | $9.00K | $8.00K | $8.00K | $7.00K |
| Retained Earnings | $-227.54M | $-217.19M | $-211.96M | $-209.39M | $-202.59M | $-196.62M | $-188.94M |
| Total Stockholders Equity | $6.39M | $14.86M | $16.27M | $13.76M | $7.12M | $5.79M | $413.00K |
| Total Liabilities & Equity | $46.84M | $85.44M | $86.24M | $37.82M | $34.17M | $37.75M | $37.77M |
| 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 | $-9.96M | $-5.23M | $-2.18M | $-6.60M | $-5.76M | $-7.14M | $-10.64M |
| Stock-based Compensation | $-2.21M | $5.29M | $4.89M | $2.09M | $804.00K | $9.45M | $6.29M |
| Change in Receivables | $-608.00K | $37.00K | $335.00K | $338.00K | $915.00K | $1.13M | $124.00K |
| Change in Inventory | $-865.00K | $-938.00K | $-763.00K | $-391.00K | $-891.00K | $-684.00K | $-173.00K |
| Change in Payables | $-1.17M | $2.01M | $-310.00K | $-580.00K | $-970.00K | $-3.00K | $298.00K |
| Operating Cash Flow | $-2.25M | $-8.16M | $-5.74M | $-3.54M | $-5.90M | $-8.91M | $-5.16M |
| Acquisitions | $4.00K | $448.00K | - | - | $16.00K | $1.45M | $1.45M |
| Investing Cash Flow | $-247.00K | $-53.49M | $-50.97M | $-2.19M | $-268.00K | $-1.41M | $-1.41M |
| Stock Issued | - | - | - | - | - | - | - |
| Financing Cash Flow | $2.37M | $62.25M | $59.30M | $7.77M | $3.39M | $12.95M | $6.67M |
| Net Change in Cash | $-333.00K | $707.00K | $2.69M | $2.07M | $-2.13M | $2.27M | $156.00K |
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 | $4.82M | - | $7.39M | - |
| Cost of Revenue | $3.99M | - | $7.06M | - |
| Gross Profit | $825.00K | - | $329.00K | - |
| Operating Expenses | $6.86M | - | $18.49M | - |
| Research & Development | $404.00K | - | $2.45M | - |
| Operating Income | $-6.03M | - | $-18.16M | - |
| Other Income/Expense | $-56.00K | - | $-1.09M | - |
| Income Before Tax | $-5.23M | - | $-14.01M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-5.23M | $-10.64M | $-14.01M | - |
| Basic EPS | -3.11 | - | -13.56 | - |
| Diluted EPS | -3.11 | - | -13.56 | - |
| Basic Shares Outstanding | $1.68M | - | $1.03M | - |
| Diluted Shares Outstanding | $1.68M | - | $1.03M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $845.00K | $138.00K |
| Accounts Receivable | $2.38M | $1.43M |
| Other Current Assets | $1.77M | $810.00K |
| Total Current Assets | $17.37M | $8.22M |
| Property Plant & Equipment | $327.00K | $116.00K |
| Goodwill | $15.14M | $13.22M |
| Intangible Assets | $8.12M | $6.11M |
| Total Assets | $85.44M | $34.17M |
| Accounts Payable | $8.94M | $11.17M |
| Deferred Revenue | $391.00K | $77.00K |
| Total Current Liabilities | $30.81M | $26.88M |
| Other Non-current Liabilities | $1.90M | - |
| Total Liabilities | $67.98M | $27.05M |
| Common Stock | $10.00K | $8.00K |
| Retained Earnings | $-217.19M | $-202.59M |
| Total Stockholders Equity | $14.86M | $7.12M |
| Total Liabilities & Equity | $85.44M | $34.17M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-5.23M | $-10.64M | $-14.01M | - |
| Stock-based Compensation | - | - | $5.29M | - |
| Change in Receivables | - | - | $37.00K | - |
| Change in Inventory | - | - | $-938.00K | - |
| Change in Payables | - | - | $2.01M | - |
| Operating Cash Flow | - | - | $-8.16M | - |
| Acquisitions | - | - | $448.00K | - |
| Investing Cash Flow | - | - | $-53.49M | - |
| Financing Cash Flow | - | - | $62.25M | - |
| Net Change in Cash | - | - | $707.00K | - |
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.