$4.82M
Revenue
$-30.82M
Net Income
-21.32%
Gross Margin
-668.22%
Op. Margin
$-25.83M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2021 (Dec 31, 2022) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.95M | $1.60M | $332.99K | $934.30K | $1.79M | $1.92M | $802.18K | $779.76K | $1.64M | $2.71M | $2.12M | $1.85M | $2.43M | $1.16M |
| Revenue Growth % (YoY) | 9.2% | -16.7% | -58.5% | 19.8% | 8.6% | -29.3% | -62.2% | -58.0% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.92M | $1.53M | $262.13K | $1.12M | $5.04M | $918.09K | $602.72K | $509.44K | $1.17M | $2.40M | $1.95M | $1.46M | $3.32M | $387.58K |
| Gross Profit | $-974.12K | $64.67K | $70.86K | $-188.18K | $-3.25M | $1.00M | $199.47K | $270.31K | $476.58K | $311.35K | $169.01K | $393.88K | $-889.30K | $775.42K |
| Gross Margin % | -50.0% | 4.0% | 21.3% | -20.1% | -182.1% | 52.1% | 24.9% | 34.7% | 29.0% | 11.5% | 8.0% | 21.2% | -36.6% | 66.7% |
| Operating Expenses | $8.63M | $6.71M | $15.13M | $6.52M | $7.40M | $3.76M | $6.57M | $8.03M | $9.09M | $11.18M | $10.44M | $9.73M | $20.48M | $8.61M |
| Research & Development | $674.31K | $1.18M | $1.09M | $883.77K | $767.56K | $710.29K | $1.47M | $1.59M | $1.98M | $2.29M | $2.39M | $2.10M | $3.40M | $1.62M |
| Selling General & Admin | $3.03M | $4.76M | $13.91M | $5.08M | $5.13M | $2.13M | $4.49M | $5.93M | $5.94M | $6.48M | $6.10M | $6.17M | $13.76M | $6.60M |
| Operating Income | $-6.68M | $-5.11M | $-14.80M | $-5.59M | $-5.61M | $-1.84M | $-5.76M | $-7.25M | $-7.45M | $-8.46M | $-8.32M | $-7.88M | $-18.05M | $-7.45M |
| Operating Margin % | -342.8% | -319.7% | -4443.8% | -597.9% | -314.2% | -95.8% | -718.5% | -929.4% | -452.9% | -312.0% | -392.2% | -424.8% | -743.0% | -640.3% |
| Interest Expense | $558.15K | $1.10M | $502.13K | $490.46K | $370.02K | $193.32K | - | - | - | - | - | - | - | - |
| Other Income/Expense | $376.26K | $317.06K | $1.23M | $-1.29M | $515.12K | $187.00K | $1.81M | $518.64K | $130.54K | $129.97K | $331.44K | $218.12K | $12.01M | $478.39K |
| Income Tax Expense | $-1.00K | - | - | - | $1.60K | - | - | - | $1.60K | - | - | - | $-200.00 | - |
| Net Income | $-6.06M | $-4.51M | $-13.38M | $-6.87M | $-5.07M | $-1.65M | $-3.94M | $-6.71M | $-7.28M | $-8.34M | $-7.99M | $-7.67M | $-5.63M | $-6.84M |
| Net Margin % | -311.0% | -281.9% | -4017.8% | -735.6% | -283.9% | -86.0% | -491.0% | -861.1% | -442.9% | -307.5% | -377.0% | -413.3% | -231.8% | -587.9% |
| Basic EPS | nan | -0.24 | -2.12 | -3.88 | -5.20 | -2.47 | -0.67 | -1.69 | -39.48 | -0.27 | -0.30 | -0.32 | -0.03 | -0.37 |
| Diluted EPS | nan | -0.24 | -2.12 | -3.88 | -5.20 | -2.47 | -0.67 | -1.69 | -39.48 | -0.27 | -0.30 | -0.32 | -0.03 | -0.37 |
| Basic Shares Outstanding | -8.5M | 18.6M | 6.3M | 1.8M | 79K | 667K | 6.2M | 4.1M | -27.4M | 32.2M | 27.7M | 24.6M | 5.0M | 18.6M |
| Diluted Shares Outstanding | -8.5M | 18.6M | 6.3M | 1.8M | 79K | 667K | 6.2M | 4.1M | -27.4M | 32.2M | 27.7M | 24.6M | 5.0M | 18.6M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2021 (Dec 31, 2022) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $5.47M | $939.41K | $1.77M | $1.19M | $371.50K | $325.25K | $1.43M | $5.28M | $1.53M | $13.86M | $11.06M | $11.85M | $15.75M | $40.74M |
| Accounts Receivable | $1.09M | $1.11M | $349.35K | $1.49M | $2.15M | $1.67M | $516.19K | $1.28M | $1.72M | $2.67M | $2.03M | $2.55M | $1.12M | $1.10M |
| Inventory | $800.82K | $4.26M | $4.27M | $4.15M | $4.59M | $5.66M | $6.04M | $6.08M | $5.89M | $6.83M | $8.94M | $10.03M | $11.55M | $6.18M |
| Other Current Assets | $1.18M | $1.06M | $382.47K | $459.63K | $931.24K | $731.50K | $633.57K | $686.01K | $751.41K | $1.57M | $1.14M | $1.96M | $314.53K | $1.49M |
| Total Current Assets | $11.03M | $9.55M | $8.78M | $9.10M | $9.28M | $10.40M | $11.29M | $16.10M | $13.04M | $26.48M | $25.20M | $28.20M | $31.85M | $49.88M |
| Goodwill | $96.00K | $96.00K | $703.96K | - | - | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $1.07M | $1.10M | $1.14M | $1.03M | $1.06M | $1.10M | $1.13M | $1.17M | $1.20M | $1.24M | $1.27M | $1.31M | $1.34M | $1.52M |
| Total Assets | $17.39M | $16.76M | $16.99M | $16.48M | $16.80M | $18.34M | $18.53M | $23.54M | $20.95M | $34.46M | $33.29M | $36.37M | $41.20M | $98.79M |
| Accounts Payable | $3.41M | $2.94M | $1.40M | $2.19M | $1.88M | $2.18M | $1.87M | $1.48M | $1.69M | $1.68M | $796.43K | $2.36M | $2.39M | $2.72M |
| Short-term Debt | $1.70M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $1.84M | $5.66M | $5.32M | $4.80M | $3.39M | $3.25M | $4.92M | $5.26M | $4.63M | $3.60M | $4.21M | $4.33M | $3.35M | $2.97M |
| Deferred Revenue | $1.02M | $1.15M | $971.76K | $1.04M | $506.50K | $243.73K | $1.07M | $1.08M | $1.03M | $1.12M | $1.10M | $1.18M | $1.22M | $262.94K |
| Other Current Liabilities | $2.34K | $124.56K | $156.20K | $146.51K | $6.97K | $7.28K | $7.17K | $105.57K | $105.14K | $803.09K | $112.72K | $108.10K | $113.84K | $7.77K |
| Total Current Liabilities | $9.78M | $12.94M | $13.29M | $12.36M | $11.35M | $9.06M | $8.72M | $8.78M | $8.32M | $17.89M | $10.06M | $8.83M | $7.90M | $5.96M |
| Long-term Debt | $1.73M | - | - | - | $5.49M | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $172.09K | $208.30K | $202.33K | $167.92K | $170.79K | $140.20K | $867.40K | $754.82K | $681.44K | $618.16K | $538.56K | $469.19K | $393.18K | $20.56K |
| Total Liabilities | $14.86M | $18.67M | $19.82M | $19.72M | $18.09M | $15.33M | $15.79M | $17.46M | $13.96M | $23.62M | $16.11M | $15.15M | $13.96M | $7.12M |
| Common Stock | $11.76K | $8.56K | $7.40K | $6.63K | $6.41K | $6.41K | $6.40K | $6.36K | $5.93K | $3.25K | $3.13K | $2.50K | $2.43K | $1.86K |
| Retained Earnings | $-196.42M | $-190.36M | $-185.85M | $-172.47M | $-165.60M | $-160.54M | $-158.89M | $-154.96M | $-148.24M | $-140.96M | $-132.62M | $-124.62M | $-116.96M | $-38.84M |
| Total Stockholders Equity | $-1.67M | $-1.41M | $-2.60M | $-3.21M | $-1.26M | $3.00M | $3.33M | $6.62M | $7.47M | $11.25M | $17.55M | $21.56M | $27.20M | $89.22M |
| Total Liabilities & Equity | $17.39M | $16.76M | $16.99M | $16.48M | $16.80M | $18.34M | $18.53M | $23.54M | $20.95M | $34.46M | $33.29M | $36.37M | $41.20M | $98.79M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2021 (Dec 31, 2022) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-6.06M | $-4.51M | $-20.25M | $-6.87M | $-5.07M | $-1.65M | $-10.65M | $-6.71M | $-7.28M | $-24.00M | $-15.66M | $-7.67M | $-5.63M | $-18.39M |
| Depreciation & Amortization | $-62.36K | $245.80K | $160.43K | $72.68K | $-55.74K | $254.28K | $179.17K | $86.66K | $159.17K | $237.04K | $156.29K | $76.52K | $167.18K | $122.35K |
| Stock-based Compensation | $1.62M | $814.30K | $568.68K | $554.66K | $628.24K | $1.99M | $1.39M | $877.78K | $910.16K | $3.20M | $2.07M | $965.82K | $2.54M | $2.69M |
| Change in Inventory | $15.60K | $-336.79K | $-347.54K | $-204.84K | $-1.07M | $-230.71K | $154.68K | $193.18K | $-727.50K | $-4.72M | $-2.61M | $-1.52M | $-4.69M | $5.13M |
| Change in Payables | $462.46K | $1.06M | $-480.64K | $306.66K | $-293.72K | $490.13K | $175.20K | $-215.50K | $9.56K | $-705.66K | $-1.60M | $-28.18K | $-3.11M | $-240.20K |
| Operating Cash Flow | $-4.28M | $-12.35M | $-7.27M | $-1.81M | $-3.49M | $-12.24M | $-8.74M | $-4.72M | $-15.05M | $-6.20M | $-9.05M | $-5.83M | $-10.60M | $-23.48M |
| Capital Expenditure | - | $57.10K | $54.17K | $12.28K | $-9.23K | $54.63K | $53.10K | $40.91K | $-11.44K | $199.88K | $101.78K | $11.12K | $438.05K | - |
| Acquisitions | - | $340.20K | $340.20K | - | - | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $915.16K | $-397.30K | $-394.37K | $-12.28K | $9.23K | $-54.63K | $-53.10K | $-40.91K | $11.44K | $1.13M | $1.22M | $1.31M | $-1.45M | $7.78K |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | $-487.50K | $487.50K |
| Stock Issued | - | $5.51M | $564.85K | $564.85K | $-14.65K | $8.52M | $8.52M | $8.52M | - | $884.59K | $781.62K | $136.72K | $3.76M | - |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | - | - | - | $-6.00M | $6.00M |
| Financing Cash Flow | $7.89M | $13.31M | $9.01M | $2.62M | $3.38M | $11.09M | $8.68M | $8.51M | $2.64M | $3.23M | $3.12M | $604.82K | $-43.10M | $62.16M |
| Net Change in Cash | $4.53M | $567.92K | $1.40M | $818.08K | $-113.75K | $-1.21M | $-103.25K | $3.75M | $-12.33M | $-1.89M | $-4.69M | $-3.91M | $-55.35M | $38.84M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.