$4.82M
Revenue
$-30.82M
Net Income
-21.32%
Gross Margin
-668.22%
Op. Margin
$-25.83M
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) |
|---|---|---|---|---|---|
| Total Revenue | $4.82M | $4.79M | $5.29M | $8.33M | $5.37M |
| Revenue Growth % | 0.5% | -9.3% | -36.6% | 55.1% | nan% |
| Cost of Revenue | $5.84M | $5.84M | $7.07M | $6.98M | $4.20M |
| Gross Profit | $-1.03M | $-1.05M | $-1.78M | $1.35M | $1.18M |
| Gross Margin % | -21.3% | -21.9% | -33.7% | 16.2% | 21.9% |
| Operating Expenses | $37.00M | $36.97M | $25.75M | $40.44M | $42.29M |
| Research & Development | $3.83M | $3.83M | $4.54M | $8.76M | $7.98M |
| Selling General & Admin | $26.77M | $26.75M | $17.67M | $24.69M | $30.12M |
| Operating Income | $-32.18M | $-32.18M | $-20.46M | $-32.11M | $-36.92M |
| Operating Margin % | -668.2% | -671.3% | -387.1% | -385.3% | -687.0% |
| Interest Expense | $2.65M | $1.65M | $563.35K | - | - |
| Other Income/Expense | $630.09K | $630.09K | $3.04M | $810.09K | $12.36M |
| Income Tax Expense | $-1.00K | $-1.00K | $1.60K | $1.60K | $800.00 |
| Net Income | $-30.82M | $-30.82M | $-17.40M | $-31.28M | $-24.02M |
| Net Margin % | -640.0% | -642.9% | -329.1% | -375.5% | -447.0% |
| Basic EPS | nan | -75.65 | -26.92 | -40.36 | -1.19 |
| Diluted EPS | nan | -75.65 | -26.92 | -40.36 | -1.19 |
| Basic Shares Outstanding | -8.5M | 407K | 646K | 798K | 21.0M |
| Diluted Shares Outstanding | -8.5M | 407K | 646K | 798K | 21.0M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $5.47M | $371.50K | $1.53M | $15.75M |
| Accounts Receivable | $1.09M | $2.15M | $1.72M | $1.12M |
| Inventory | $800.82K | $4.59M | $5.89M | $11.55M |
| Other Current Assets | $1.18M | $931.24K | $751.41K | $314.53K |
| Total Current Assets | $11.03M | $9.28M | $13.04M | $31.85M |
| Goodwill | $96.00K | - | - | - |
| Intangible Assets | $1.07M | $1.06M | $1.20M | $1.34M |
| Total Assets | $17.39M | $16.80M | $20.95M | $41.20M |
| Accounts Payable | $3.41M | $1.88M | $1.69M | $2.39M |
| Short-term Debt | $1.70M | - | - | - |
| Accrued Liabilities | $1.84M | $3.39M | $4.63M | $3.35M |
| Deferred Revenue | $1.02M | $506.50K | $1.03M | $1.22M |
| Other Current Liabilities | $2.34K | $6.97K | $105.14K | $113.84K |
| Total Current Liabilities | $9.78M | $11.35M | $8.32M | $7.90M |
| Long-term Debt | $1.73M | $5.49M | - | - |
| Other Non-current Liabilities | $172.09K | $170.79K | $681.44K | $393.18K |
| Total Liabilities | $14.86M | $18.09M | $13.96M | $13.96M |
| Common Stock | $11.76K | $6.41K | $5.93K | $2.43K |
| Retained Earnings | $-196.42M | $-165.60M | $-148.24M | $-116.96M |
| Total Stockholders Equity | $-1.67M | $-1.26M | $7.47M | $27.20M |
| Total Liabilities & Equity | $17.39M | $16.80M | $20.95M | $41.20M |
| 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) |
|---|---|---|---|---|---|
| Net Income | $-37.70M | $-30.82M | $-17.40M | $-31.28M | $-24.02M |
| Depreciation & Amortization | $416.54K | $183.44K | $198.53K | $396.21K | $289.54K |
| Stock-based Compensation | $3.56M | $2.43M | $2.62M | $4.11M | $5.23M |
| Deferred Income Tax | - | - | - | - | - |
| Change in Inventory | $-873.57K | $-321.19K | $-1.30M | $-5.45M | $433.64K |
| Change in Payables | $1.35M | $1.52M | $196.41K | $-696.10K | $-3.35M |
| Operating Cash Flow | $-25.71M | $-16.63M | $-15.73M | $-21.25M | $-34.08M |
| Capital Expenditure | $123.56K | $57.10K | $45.40K | $188.43K | $438.05K |
| Acquisitions | - | $340.20K | - | - | - |
| Purchases of Investments | - | - | - | - | $1.00M |
| Investing Cash Flow | $111.21K | $517.87K | $-45.40K | $1.14M | $-1.44M |
| Debt Repayment | - | - | - | - | - |
| Stock Issued | $6.64M | $5.51M | $8.50M | $884.59K | $3.76M |
| Stock Repurchased | - | - | - | - | - |
| Financing Cash Flow | $32.83M | $21.20M | $14.46M | $5.86M | $19.06M |
| Net Change in Cash | $7.31M | $5.10M | $-1.32M | $-14.22M | $-16.51M |
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 | $1.60M | - | $2.84M | - |
| Operating Expenses | $6.71M | - | $28.34M | - |
| Research & Development | $1.18M | - | $3.16M | - |
| Selling General & Admin | $4.76M | - | $23.72M | - |
| Operating Income | $-5.11M | - | $-25.50M | - |
| Interest Expense | - | - | $1.10M | - |
| Other Income/Expense | $317.06K | - | $253.83K | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-4.51M | $-3.95M | $-24.76M | - |
| Basic EPS | -0.24 | - | -2.76 | - |
| Diluted EPS | -0.24 | - | -2.76 | - |
| Basic Shares Outstanding | $18.56M | - | $8.95M | - |
| Diluted Shares Outstanding | $18.56M | - | $8.95M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $939.41K | $371.50K |
| Accounts Receivable | $1.11M | $2.15M |
| Inventory | $4.26M | $4.59M |
| Other Current Assets | $1.06M | $931.24K |
| Total Current Assets | $9.55M | $9.28M |
| Goodwill | $96.00K | - |
| Intangible Assets | $1.10M | $1.06M |
| Total Assets | $16.76M | $16.80M |
| Accounts Payable | $2.94M | $1.88M |
| Accrued Liabilities | $5.66M | $3.39M |
| Deferred Revenue | $1.15M | $506.50K |
| Other Current Liabilities | $124.56K | $6.97K |
| Total Current Liabilities | $12.94M | $11.35M |
| Other Non-current Liabilities | $208.30K | $170.79K |
| Total Liabilities | $18.67M | $18.09M |
| Common Stock | $8.56K | $6.41K |
| Retained Earnings | $-190.36M | $-165.60M |
| Total Stockholders Equity | $-1.41M | $-1.26M |
| Total Liabilities & Equity | $16.76M | $16.80M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.51M | $-3.95M | $-24.76M | - |
| Depreciation & Amortization | - | - | $245.80K | - |
| Stock-based Compensation | - | - | $814.30K | - |
| Change in Inventory | - | - | $-336.79K | - |
| Change in Payables | - | - | $1.06M | - |
| Operating Cash Flow | - | - | $-12.35M | - |
| Capital Expenditure | - | - | $57.10K | - |
| Acquisitions | - | - | $340.20K | - |
| Investing Cash Flow | - | - | $-397.30K | - |
| Stock Issued | - | - | $5.51M | - |
| Financing Cash Flow | - | - | $13.31M | - |
| Net Change in Cash | - | - | $567.92K | - |
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.