$38.11M
Revenue
$-32.07M
Net Income
5.60%
Gross Margin
-27.98%
Op. Margin
$-5.49M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|
| Total Revenue | $38.11M | $39.62M | $31.82M |
| Revenue Growth % | -3.8% | 24.5% | nan% |
| Cost of Revenue | $35.97M | $33.64M | $29.63M |
| Gross Profit | $2.13M | $5.98M | $2.19M |
| Gross Margin % | 5.6% | 15.1% | 6.9% |
| Operating Expenses | $12.80M | $14.17M | - |
| Selling General & Admin | $12.80M | $12.76M | $16.40M |
| Operating Income | $-10.66M | $-8.19M | $-15.51M |
| Operating Margin % | -28.0% | -20.7% | -48.7% |
| Interest Expense | $2.61M | $1.18M | $203.00 |
| Other Income/Expense | $-22.09M | $8.35M | $-32.11M |
| Income Before Tax | $-32.75M | $154.47K | $-47.62M |
| Income Tax Expense | - | $-135.34K | $-173.00K |
| Net Income | $-32.07M | $708.54K | $-47.26M |
| Net Margin % | -84.2% | 1.8% | -148.5% |
| Basic EPS | -3.52 | 0.40 | -150.95 |
| Diluted EPS | -3.23 | 0.36 | nan |
| Diluted Shares Outstanding | 44.7M | 2.0M | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|
| Cash & Cash Equivalents | $239.19K | $5.58M |
| Accounts Receivable | $1.59M | $1.26M |
| Inventory | $7.83M | $4.50M |
| Other Current Assets | $1.00M | $1.74M |
| Total Current Assets | $12.47M | $14.08M |
| Property Plant & Equipment | - | $1.32M |
| Goodwill | $22.32M | $22.32M |
| Intangible Assets | $13.83M | $18.58M |
| Total Assets | $50.85M | $58.60M |
| Accounts Payable | - | $2.17M |
| Total Current Liabilities | $29.81M | $13.92M |
| Deferred Tax Liabilities | - | $82.10K |
| Total Liabilities | $39.33M | $52.79M |
| Common Stock | $2.48K | $633.00 |
| Retained Earnings | $-112.57M | $-44.96M |
| Total Stockholders Equity | $11.93M | $6.13M |
| Total Liabilities & Equity | $50.85M | $58.60M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|
| Net Income | $-34.62M | $708.54K | $-47.26M |
| Depreciation & Amortization | $4.15M | $2.45M | $848.93K |
| Stock-based Compensation | - | $39.94K | $1.50M |
| Change in Receivables | $-3.33M | $343.39K | $443.31K |
| Change in Inventory | $-2.36M | $2.22M | $-3.54M |
| Change in Payables | $-576.20K | $130.48K | $-25.77K |
| Operating Cash Flow | $-5.49M | $-6.64M | $-16.72M |
| Investing Cash Flow | $-304.53M | $-70.10K | $468.42K |
| Stock Issued | - | $2.99M | $11.53M |
| Stock Repurchased | - | - | $49.45K |
| Financing Cash Flow | $331.98M | $1.70M | $20.92M |
| Net Change in Cash | $21.96M | $-5.01M | $4.67M |
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 | $5.30M | - | $22.79M | - |
| Cost of Revenue | $5.50M | - | $20.93M | - |
| Gross Profit | $-195.85K | - | $1.86M | - |
| Operating Expenses | $6.00M | - | $10.68M | - |
| Selling General & Admin | $6.00M | - | $10.68M | - |
| Operating Income | $-6.20M | - | $-8.82M | - |
| Interest Expense | - | - | $1.10M | - |
| Other Income/Expense | $-19.65M | - | $-20.88M | - |
| Income Before Tax | $-25.84M | - | $-29.70M | - |
| Income Tax Expense | - | - | $-28.79K | - |
| Net Income | $-25.84M | $4.45M | $-29.56M | - |
| Basic EPS | -0.58 | - | -1.75 | - |
| Diluted EPS | -0.58 | - | -1.75 | - |
| Basic Shares Outstanding | $44.73M | - | $16.91M | - |
| Diluted Shares Outstanding | $44.73M | - | $16.91M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $23.71M | $239.19K |
| Accounts Receivable | $254.81K | $1.59M |
| Inventory | $5.34M | $7.83M |
| Other Current Assets | $569.96K | $1.00M |
| Total Current Assets | $316.54M | $12.47M |
| Goodwill | $22.32M | $22.32M |
| Intangible Assets | $12.10M | $13.83M |
| Total Assets | $355.53M | $50.85M |
| Other Current Liabilities | $222.41K | $480.00K |
| Total Current Liabilities | $16.77M | $29.81M |
| Total Liabilities | $16.77M | $39.33M |
| Common Stock | $187.26K | $2.48K |
| Retained Earnings | $-142.13M | $-112.57M |
| Total Stockholders Equity | $339.17M | $11.93M |
| Total Liabilities & Equity | $355.53M | $50.85M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-25.84M | $4.45M | $-29.56M | - |
| Depreciation & Amortization | - | - | $1.76M | - |
| Change in Receivables | - | - | $-1.34M | - |
| Change in Inventory | - | - | $-3.04M | - |
| Change in Payables | - | - | $30.63K | - |
| Operating Cash Flow | - | - | $-1.28M | - |
| Capital Expenditure | - | - | $2.21K | - |
| Investing Cash Flow | - | - | $-304.87M | - |
| Stock Issued | - | - | $329.85M | - |
| Financing Cash Flow | - | - | $329.62M | - |
| Net Change in Cash | - | - | $23.47M | - |
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.