$162.85M
Revenue
$-15.47M
Net Income
48.36%
Gross Margin
-10.20%
Op. Margin
$-13.42M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Total Revenue | $162.85M | $155.05M | $166.42M | $163.18M | $138.17M |
| Revenue Growth % | 5.0% | -6.8% | 2.0% | 18.1% | nan% |
| Cost of Revenue | $84.09M | $83.12M | $91.67M | $93.16M | $76.96M |
| Gross Profit | $78.76M | $71.93M | $74.76M | $70.02M | $61.21M |
| Gross Margin % | 48.4% | 46.4% | 44.9% | 42.9% | 44.3% |
| Operating Expenses | $95.37M | $95.58M | $103.70M | $117.89M | $148.64M |
| Operating Income | $-16.61M | $-23.65M | $-28.94M | $-47.87M | $-87.43M |
| Operating Margin % | -10.2% | -15.3% | -17.4% | -29.3% | -63.3% |
| Interest Expense | $103.00K | $93.00K | $79.00K | $64.00K | $148.00K |
| Interest Income | - | $800.00K | - | - | - |
| Other Income/Expense | $12.00K | $-63.00K | $673.00K | $286.00K | $-207.00K |
| Income Before Tax | $-16.60M | $-23.72M | $-28.27M | $-47.58M | $-87.63M |
| Income Tax Expense | $49.00K | $66.00K | $52.00K | $65.00K | $-34.00K |
| Net Income | $-15.47M | $-20.00M | $-28.32M | $-47.65M | $-87.67M |
| Net Margin % | -9.5% | -12.9% | -17.0% | -29.2% | -63.4% |
| Basic EPS | -0.22 | -0.34 | -0.41 | -0.81 | -1.33 |
| Diluted EPS | -0.22 | -0.34 | -0.41 | -0.81 | -1.33 |
| Basic Shares Outstanding | 67.3M | 58.7M | 50.6M | 43.5M | 34.5M |
| Diluted Shares Outstanding | 67.3M | 58.7M | 50.6M | 43.5M | 34.5M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $30.65M | $31.95M | $47.40M | $43.11M |
| Short-term Investments | - | - | - | $30.00M |
| Accounts Receivable | $10.79M | $11.12M | $11.08M | $9.05M |
| Inventory | $18.62M | $34.55M | $27.58M | $31.50M |
| Other Current Assets | $1.84M | $5.06M | $2.61M | $3.42M |
| Total Current Assets | $61.91M | $82.69M | $88.66M | $117.08M |
| Property Plant & Equipment | $1.26M | $2.11M | $4.64M | $3.66M |
| Intangible Assets | $3.18M | $3.52M | $4.38M | $3.74M |
| Other Non-current Assets | $503.00K | $579.00K | $539.00K | $301.00K |
| Total Assets | $67.95M | $90.86M | $98.93M | $124.99M |
| Accounts Payable | $15.29M | $21.17M | $8.02M | $13.49M |
| Accrued Liabilities | $8.34M | - | - | - |
| Total Current Liabilities | $24.22M | $27.72M | $17.15M | $20.43M |
| Other Non-current Liabilities | $58.00K | - | - | - |
| Total Liabilities | $25.01M | $29.09M | $17.15M | $20.43M |
| Retained Earnings | $-121.34M | $-101.34M | $-79.84M | $-45.99M |
| Total Stockholders Equity | $64.88M | $89.88M | $109.95M | $128.48M |
| Total Liabilities & Equity | $67.95M | $90.86M | $98.93M | $124.99M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Net Income | $-21.84M | $-20.00M | $-28.32M | $-47.65M | $-87.67M |
| Depreciation & Amortization | $1.72M | $1.33M | $1.61M | $1.35M | $997.00K |
| Stock-based Compensation | $6.12M | $4.96M | $8.28M | $26.88M | $77.72M |
| Change in Receivables | $2.93M | $-324.00K | $42.00K | $2.03M | $2.06M |
| Change in Inventory | $-10.95M | $-15.93M | $6.97M | $-3.92M | $10.70M |
| Change in Payables | $-3.56M | $-5.86M | $13.64M | $-5.85M | $4.40M |
| Operating Cash Flow | $-13.42M | $-1.02M | $-16.27M | $-20.78M | $-17.81M |
| Capital Expenditure | - | $283.00K | - | $2.59M | $3.14M |
| Investing Cash Flow | $-327.00K | $-283.00K | $805.00K | $27.41M | $-33.14M |
| Stock Repurchased | - | - | - | - | $17.00K |
| Financing Cash Flow | $-197.00K | - | $25.00K | $-2.34M | $79.12M |
| Net Change in Cash | $-13.95M | $-1.30M | $-15.44M | $4.29M | $28.17M |
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 | $40.84M | - | $123.39M | - |
| Cost of Revenue | $22.23M | - | $64.05M | - |
| Gross Profit | $18.62M | - | $59.34M | - |
| Operating Expenses | $21.49M | - | $69.62M | - |
| Operating Income | $-2.87M | - | $-10.28M | - |
| Interest Expense | - | - | $43.00K | - |
| Other Income/Expense | $-7.00K | - | $432.00K | - |
| Income Before Tax | $-2.88M | - | $-9.84M | - |
| Income Tax Expense | $-32.00K | - | $26.00K | - |
| Net Income | $-2.69M | $-6.96M | $-8.61M | - |
| Basic EPS | -0.04 | - | -0.13 | - |
| Diluted EPS | -0.04 | - | -0.13 | - |
| Basic Shares Outstanding | $67.33M | - | $65.55M | - |
| Diluted Shares Outstanding | $67.33M | - | $65.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $26.03M | $30.65M |
| Accounts Receivable | $12.61M | $10.79M |
| Inventory | $14.13M | $18.62M |
| Other Current Assets | $1.74M | $1.84M |
| Total Current Assets | $54.51M | $61.91M |
| Property Plant & Equipment | $870.00K | $1.26M |
| Intangible Assets | $3.15M | $3.18M |
| Other Non-current Assets | $794.00K | $503.00K |
| Total Assets | $60.01M | $67.95M |
| Accounts Payable | $13.86M | $15.29M |
| Accrued Liabilities | $9.46M | $8.34M |
| Total Current Liabilities | $23.97M | $24.22M |
| Other Non-current Liabilities | $58.00K | $58.00K |
| Total Liabilities | $24.21M | $25.01M |
| Retained Earnings | $-129.95M | $-121.34M |
| Total Stockholders Equity | $51.25M | $64.88M |
| Total Liabilities & Equity | $60.01M | $67.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.69M | $-6.96M | $-8.61M | - |
| Depreciation & Amortization | $202.00K | - | $690.00K | - |
| Stock-based Compensation | - | - | $2.66M | - |
| Change in Receivables | - | - | $1.81M | - |
| Change in Inventory | - | - | $-4.49M | - |
| Change in Payables | - | - | $-1.57M | - |
| Operating Cash Flow | - | - | $-4.20M | - |
| Capital Expenditure | - | - | $226.00K | - |
| Investing Cash Flow | - | - | $-226.00K | - |
| Financing Cash Flow | - | - | $-202.00K | - |
| Net Change in Cash | - | - | $-4.62M | - |
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.