$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $1.95M | $1.60M | $332.99K | $934.30K | $1.79M | $1.92M | $802.18K |
| Revenue Growth % (YoY) | 9.2% | -16.7% | -58.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.92M | $1.53M | $262.13K | $1.12M | $5.04M | $918.09K | $602.72K |
| Gross Profit | $-974.12K | $64.67K | $70.86K | $-188.18K | $-3.25M | $1.00M | $199.47K |
| Gross Margin % | -50.0% | 4.0% | 21.3% | -20.1% | -182.1% | 52.1% | 24.9% |
| Operating Expenses | $8.63M | $6.71M | $15.13M | $6.52M | $7.40M | $3.76M | $6.57M |
| Research & Development | $674.31K | $1.18M | $1.09M | $883.77K | $767.56K | $710.29K | $1.47M |
| Selling General & Admin | $3.03M | $4.76M | $13.91M | $5.08M | $5.13M | $2.13M | $4.49M |
| Operating Income | $-6.68M | $-5.11M | $-14.80M | $-5.59M | $-5.61M | $-1.84M | $-5.76M |
| Operating Margin % | -342.8% | -319.7% | -4443.8% | -597.9% | -314.2% | -95.8% | -718.5% |
| 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 |
| Income Tax Expense | $-1.00K | - | - | - | $1.60K | - | - |
| Net Income | $-6.06M | $-4.51M | $-13.38M | $-6.87M | $-5.07M | $-1.65M | $-3.94M |
| Net Margin % | -311.0% | -281.9% | -4017.8% | -735.6% | -283.9% | -86.0% | -491.0% |
| Basic EPS | nan | -0.24 | -2.12 | -3.88 | -5.20 | -2.47 | -0.67 |
| Diluted EPS | nan | -0.24 | -2.12 | -3.88 | -5.20 | -2.47 | -0.67 |
| Basic Shares Outstanding | -8.5M | 18.6M | 6.3M | 1.8M | 79K | 667K | 6.2M |
| Diluted Shares Outstanding | -8.5M | 18.6M | 6.3M | 1.8M | 79K | 667K | 6.2M |
| 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 | $5.47M | $939.41K | $1.77M | $1.19M | $371.50K | $325.25K | $1.43M |
| Accounts Receivable | $1.09M | $1.11M | $349.35K | $1.49M | $2.15M | $1.67M | $516.19K |
| Inventory | $800.82K | $4.26M | $4.27M | $4.15M | $4.59M | $5.66M | $6.04M |
| Other Current Assets | $1.18M | $1.06M | $382.47K | $459.63K | $931.24K | $731.50K | $633.57K |
| Total Current Assets | $11.03M | $9.55M | $8.78M | $9.10M | $9.28M | $10.40M | $11.29M |
| Goodwill | $96.00K | $96.00K | $703.96K | - | - | - | - |
| Intangible Assets | $1.07M | $1.10M | $1.14M | $1.03M | $1.06M | $1.10M | $1.13M |
| Total Assets | $17.39M | $16.76M | $16.99M | $16.48M | $16.80M | $18.34M | $18.53M |
| Accounts Payable | $3.41M | $2.94M | $1.40M | $2.19M | $1.88M | $2.18M | $1.87M |
| Short-term Debt | $1.70M | - | - | - | - | - | - |
| Accrued Liabilities | $1.84M | $5.66M | $5.32M | $4.80M | $3.39M | $3.25M | $4.92M |
| Deferred Revenue | $1.02M | $1.15M | $971.76K | $1.04M | $506.50K | $243.73K | $1.07M |
| Other Current Liabilities | $2.34K | $124.56K | $156.20K | $146.51K | $6.97K | $7.28K | $7.17K |
| Total Current Liabilities | $9.78M | $12.94M | $13.29M | $12.36M | $11.35M | $9.06M | $8.72M |
| 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 |
| Total Liabilities | $14.86M | $18.67M | $19.82M | $19.72M | $18.09M | $15.33M | $15.79M |
| Common Stock | $11.76K | $8.56K | $7.40K | $6.63K | $6.41K | $6.41K | $6.40K |
| Retained Earnings | $-196.42M | $-190.36M | $-185.85M | $-172.47M | $-165.60M | $-160.54M | $-158.89M |
| Total Stockholders Equity | $-1.67M | $-1.41M | $-2.60M | $-3.21M | $-1.26M | $3.00M | $3.33M |
| Total Liabilities & Equity | $17.39M | $16.76M | $16.99M | $16.48M | $16.80M | $18.34M | $18.53M |
| 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 | $-6.06M | $-4.51M | $-20.25M | $-6.87M | $-5.07M | $-1.65M | $-10.65M |
| Depreciation & Amortization | $-62.36K | $245.80K | $160.43K | $72.68K | $-55.74K | $254.28K | $179.17K |
| Stock-based Compensation | $1.62M | $814.30K | $568.68K | $554.66K | $628.24K | $1.99M | $1.39M |
| Change in Inventory | $15.60K | $-336.79K | $-347.54K | $-204.84K | $-1.07M | $-230.71K | $154.68K |
| Change in Payables | $462.46K | $1.06M | $-480.64K | $306.66K | $-293.72K | $490.13K | $175.20K |
| Operating Cash Flow | $-4.28M | $-12.35M | $-7.27M | $-1.81M | $-3.49M | $-12.24M | $-8.74M |
| Capital Expenditure | - | $57.10K | $54.17K | $12.28K | $-9.23K | $54.63K | $53.10K |
| Acquisitions | - | $340.20K | $340.20K | - | - | - | - |
| Investing Cash Flow | $915.16K | $-397.30K | $-394.37K | $-12.28K | $9.23K | $-54.63K | $-53.10K |
| Stock Issued | - | $5.51M | $564.85K | $564.85K | $-14.65K | $8.52M | $8.52M |
| Financing Cash Flow | $7.89M | $13.31M | $9.01M | $2.62M | $3.38M | $11.09M | $8.68M |
| Net Change in Cash | $4.53M | $567.92K | $1.40M | $818.08K | $-113.75K | $-1.21M | $-103.25K |
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.