$52.95M
Revenue
$-16.20M
Net Income
18.33%
Gross Margin
-37.46%
Op. Margin
$-18.06M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2023) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Total Revenue | $52.95M | $40.72M | $20.14M | $11.67M | $5.73M |
| Revenue Growth % | 30.0% | 102.2% | 72.6% | 103.5% | nan% |
| Cost of Revenue | $43.25M | $32.89M | $16.10M | $7.57M | $4.72M |
| Gross Profit | $9.71M | $7.83M | $4.04M | $4.10M | $1.01M |
| Gross Margin % | 18.3% | 19.2% | 20.1% | 35.1% | 17.6% |
| Operating Expenses | $29.54M | $27.40M | $22.12M | $11.40M | $4.32M |
| Research & Development | $780.36K | $552.22K | $319.17K | $53.41K | $310.67K |
| Selling General & Admin | $23.42M | $20.37M | $14.80M | $11.34M | $3.32M |
| Operating Income | $-19.83M | $-19.57M | $-18.08M | $-7.30M | $-3.31M |
| Operating Margin % | -37.5% | -48.1% | -89.8% | -62.5% | -57.8% |
| Interest Expense | $2.56M | $1.74M | $290.34K | - | - |
| Other Income/Expense | $-758.98K | $261.84K | $274.76K | $-185.44K | $10.94K |
| Income Before Tax | $-16.20M | $-13.20M | $-16.58M | $-7.48M | $-3.30M |
| Income Tax Expense | - | - | - | $-91.82K | $66.85K |
| Net Income | $-16.20M | $-13.20M | $-16.58M | $-7.39M | $-3.37M |
| Net Margin % | -30.6% | -32.4% | -82.3% | -63.3% | -58.8% |
| Basic EPS | nan | -40.00 | -176.64 | nan | nan |
| Diluted EPS | nan | -40.00 | -176.64 | nan | nan |
| Basic Shares Outstanding | 4.4M | 371K | 102K | - | - |
| Diluted Shares Outstanding | 4.4M | 371K | 102K | - | - |
| Breakdown | FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $1.13M | $2.73M | $7.92M | $11.76M |
| Accounts Receivable | $3.90M | $1.51M | $986.25K | $232.99K |
| Inventory | $7.17M | $5.51M | $1.65M | $156.29K |
| Other Current Assets | $1.08M | $1.19M | $419.71K | $158.50K |
| Total Current Assets | $17.02M | $12.32M | $12.81M | $12.35M |
| Property Plant & Equipment | $1.38M | $1.13M | $196.61K | $112.80K |
| Goodwill | $14.65M | $3.72M | $4.81M | - |
| Other Non-current Assets | $61.50K | $153.00K | - | $178.09K |
| Total Assets | $58.39M | $32.73M | $38.53M | $13.12M |
| Deferred Revenue | - | - | - | $841.64K |
| Total Current Liabilities | $27.87M | $11.52M | $4.45M | $2.70M |
| Total Liabilities | $33.50M | $15.49M | $5.86M | $3.36M |
| Common Stock | $168.00 | $11.00 | $1.28K | $795.00 |
| Retained Earnings | $-43.06M | $-28.24M | $-10.21M | $-2.22M |
| Treasury Stock | $149.69K | $149.69K | - | - |
| Total Stockholders Equity | $20.11M | $17.23M | $32.67M | $9.75M |
| Total Liabilities & Equity | $58.39M | $32.73M | $38.53M | $13.12M |
| Breakdown | TTM (Sep 30, 2023) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Net Income | $-16.20M | $-13.20M | $-16.58M | $-7.39M | $-3.37M |
| Depreciation & Amortization | $5.05M | $2.97M | $1.99M | $946.74K | $17.64K |
| Stock-based Compensation | $1.30M | $718.55K | $720.40K | $1.55M | $687.50K |
| Change in Receivables | $4.18M | $1.09M | $-19.85K | $-73.19K | $-1.94M |
| Change in Inventory | $-4.12M | $-1.90M | $3.63M | $306.13K | $56.75K |
| Operating Cash Flow | $-18.06M | $-8.22M | $-8.74M | $-7.00M | $-657.23K |
| Acquisitions | - | - | - | $14.56M | - |
| Investing Cash Flow | $-13.53M | $-4.84M | $-176.28K | $-14.59M | $-218.63K |
| Stock Repurchased | - | - | $149.69K | - | - |
| Dividends Paid | $1.90M | $769.48K | $1.45M | $603.75K | - |
| Financing Cash Flow | $29.93M | $11.46M | $2.88M | $18.60M | $11.60M |
| Net Change in Cash | - | - | - | - | $10.73M |
SEC Filing Format - Data shown as it appears in the Q2 2023 (10-Q) filing
Period ended: Sep 30, 2023
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $11.45M | - | - | - |
| Cost of Revenue | $8.79M | - | - | - |
| Gross Profit | $2.66M | - | - | - |
| Operating Expenses | $5.11M | - | - | - |
| Research & Development | $91.08K | - | - | - |
| Selling General & Admin | $5.01M | - | - | - |
| Operating Income | $-2.45M | - | - | - |
| Interest Expense | $558.27K | - | - | - |
| Other Income/Expense | - | - | - | - |
| Income Before Tax | $-2.57M | - | - | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-2.57M | $-2.89M | - | - |
| Basic EPS | -0.32 | - | - | - |
| Diluted EPS | -0.32 | - | - | - |
| Basic Shares Outstanding | $9.35M | - | - | - |
| Diluted Shares Outstanding | $9.35M | - | - | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
| Cash & Cash Equivalents | $1.55M | $2.73M |
| Accounts Receivable | $6.13M | $1.51M |
| Inventory | $7.57M | $5.51M |
| Other Current Assets | $2.06M | $1.19M |
| Total Current Assets | $21.37M | $12.32M |
| Property Plant & Equipment | $1.25M | $1.13M |
| Goodwill | $17.81M | $3.72M |
| Other Non-current Assets | $431.50K | $153.00K |
| Total Assets | $71.59M | $32.73M |
| Total Current Liabilities | $41.97M | $11.52M |
| Total Liabilities | $48.84M | $15.49M |
| Common Stock | $987.00 | $274.00 |
| Retained Earnings | $-39.54M | $-28.24M |
| Treasury Stock | $149.69K | $149.69K |
| Total Stockholders Equity | $17.98M | $17.23M |
| Total Liabilities & Equity | $71.59M | $32.73M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.57M | $-2.89M | - | - |
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.