$38.11M
Revenue
$-32.07M
Net Income
5.60%
Gross Margin
-27.98%
Op. Margin
$-5.49M
Free Cash Flow
| Breakdown | 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) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $5.30M | $7.58M | $9.91M | $15.31M | $7.67M | $7.02M | $23.33M | $20.55M | $15.89M | $16.05M | $4.70M | $7.35M |
| Revenue Growth % (YoY) | -30.9% | 8.0% | nan% | nan% | -67.1% | -65.8% | 396.3% | 179.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $5.50M | $6.33M | $9.10M | $15.04M | $5.63M | $5.24M | $20.59M | $18.02M | $14.07M | $15.62M | $4.28M | $6.55M |
| Gross Profit | $-195.85K | $1.25M | $813.26K | $271.55K | $2.05M | $1.78M | $2.75M | $2.53M | $1.82M | $429.58K | $419.98K | $799.08K |
| Gross Margin % | -3.7% | 16.4% | 8.2% | 1.8% | 26.7% | 25.3% | 11.8% | 12.3% | 11.4% | 2.7% | 8.9% | 10.9% |
| Operating Expenses | $6.00M | $2.45M | $2.23M | $2.11M | $3.72M | $3.46M | $3.43M | $5.29M | - | - | - | - |
| Selling General & Admin | $6.00M | $2.45M | $2.23M | $2.11M | $3.72M | $3.46M | $3.43M | $5.00M | $5.35M | $6.00M | $4.19M | $4.29M |
| Operating Income | $-6.20M | $-1.21M | $-1.42M | $-1.84M | $-1.68M | $-1.68M | $-687.54K | $-2.76M | $-3.53M | $-6.87M | $-3.77M | $-3.49M |
| Operating Margin % | -116.9% | -15.9% | -14.3% | -12.0% | -21.8% | -24.0% | -2.9% | -13.5% | -22.2% | -42.8% | -80.2% | -47.6% |
| Interest Expense | $1.10M | $795.18K | $375.64K | $336.25K | $843.10K | $554.24K | - | - | - | - | $203.00 | $203.00 |
| Other Income/Expense | $-19.65M | $37.02K | $-1.27M | $-1.22M | $-1.50M | $6.13M | $-2.77M | $-6.09M | $-46.32M | $-1.13M | $-31.08M | $53.47K |
| Income Before Tax | $-25.84M | $-1.17M | $-2.68M | $-3.06M | $-3.18M | $4.45M | $-3.45M | $-8.85M | $-49.85M | $-8.00M | $-34.85M | $-3.44M |
| Income Tax Expense | - | - | $-28.79K | - | - | - | - | - | - | - | - | $17.00K |
| Net Income | $-25.84M | $-1.17M | $-2.55M | $-2.50M | $-3.18M | $4.45M | $-3.45M | $-8.85M | $-49.85M | $-8.00M | $-34.88M | $-3.36M |
| Net Margin % | -487.6% | -15.4% | -25.7% | -16.4% | -41.4% | 63.4% | -14.8% | -43.1% | -313.7% | -49.8% | -741.9% | -45.8% |
| Basic EPS | -0.58 | -0.38 | -0.84 | -1.72 | -1.77 | 0.51 | -0.99 | -3.54 | -40.15 | -147.11 | -1.17 | -0.15 |
| Diluted EPS | -0.58 | -0.38 | -0.84 | -1.43 | -1.77 | 0.43 | -0.99 | -3.54 | -40.15 | nan | -1.17 | nan |
| Basic Shares Outstanding | 44.7M | 3.0M | 3.0M | - | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 44.7M | 3.0M | 3.0M | 186K | 1.8M | 10.4M | 3.5M | 2.5M | 1.2M | - | - | - |
| Breakdown | 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) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $23.71M | $696.25K | $434.43K | $239.19K | $2.41M | $363.08K | $3.66M | $4.37M | $3.09M | $5.58M | $6.63M | $9.97M |
| Accounts Receivable | $254.81K | $1.09M | $614.02K | $1.59M | $2.73M | $2.10M | $2.78M | $1.81M | $2.14M | $1.26M | $849.41K | $1.09M |
| Inventory | $5.34M | $6.29M | $6.17M | $7.83M | $3.65M | $4.78M | $7.31M | $7.51M | $7.88M | $4.50M | $66.91K | $150.09K |
| Other Current Assets | $569.96K | $1.00M | $747.90K | $1.00M | $836.17K | $934.77K | $1.21M | $847.55K | $987.06K | $1.74M | $9.66M | $5.22M |
| Total Current Assets | $316.54M | $9.08M | $9.83M | $12.47M | $9.62M | $8.18M | $17.82M | $17.39M | $16.95M | $14.08M | $18.21M | $46.43M |
| Property Plant & Equipment | - | - | - | - | $666.68K | $662.87K | $810.31K | $856.43K | $1.12M | $1.32M | $2.69M | $941.99K |
| Goodwill | $22.32M | $22.32M | $22.32M | $22.32M | $22.32M | $22.32M | $22.32M | $22.32M | $22.32M | $22.32M | - | - |
| Intangible Assets | $12.10M | $12.68M | $13.25M | $13.83M | $14.40M | $14.98M | $17.07M | $17.58M | $18.08M | $18.58M | - | - |
| Total Assets | $355.53M | $48.68M | $47.63M | $50.85M | $49.24M | $48.37M | $60.29M | $60.42M | $60.75M | $58.60M | $23.20M | $51.46M |
| Accounts Payable | - | - | - | - | - | - | $2.77M | $2.38M | $2.01M | $2.17M | $1.51M | $462.35K |
| Other Current Liabilities | $222.41K | $222.41K | $222.41K | - | - | - | - | $7.23M | $7.23M | - | - | - |
| Total Current Liabilities | $16.77M | $30.45M | $28.73M | $29.81M | $27.22M | $25.81M | $25.99M | $20.93M | $16.34M | $13.92M | $9.32M | $12.66M |
| Deferred Tax Liabilities | - | - | - | - | $82.10K | $82.10K | $82.10K | $82.10K | $82.10K | $82.10K | $82.10K | $82.10K |
| Total Liabilities | $16.77M | $40.18M | $38.34M | $39.33M | $36.60M | $34.94M | $57.56M | $53.96M | $49.11M | $52.79M | $17.18M | $38.33M |
| Common Stock | $187.26K | $3.04K | $3.04K | $2.48K | $2.38K | $8.75K | $4.22K | $2.92K | $1.80K | $633.00 | $31.68K | $21.82K |
| Retained Earnings | $-142.13M | $-116.29M | $-115.12M | $-112.57M | $-110.07M | $-106.89M | $-107.12M | $-103.66M | $-94.81M | $-44.96M | $-36.96M | $-2.07M |
| Total Stockholders Equity | $339.17M | $8.91M | $9.71M | $11.93M | $13.05M | $13.84M | $3.04M | $6.77M | $11.96M | $6.13M | $6.33M | $13.48M |
| Total Liabilities & Equity | $355.53M | $48.68M | $47.63M | $50.85M | $49.24M | $48.37M | $60.29M | $60.42M | $60.75M | $58.60M | $23.20M | $51.46M |
| Breakdown | 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) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-25.84M | $-3.72M | $-2.55M | $-2.50M | $3.21M | $4.45M | $-62.16M | $-58.70M | $-49.85M | $-8.00M | $-39.26M | $-3.36M |
| Depreciation & Amortization | $1.76M | $1.19M | $574.67K | $623.60K | $1.83M | $1.22M | $1.90M | $1.26M | $626.08K | $671.18K | $177.76K | $118.38K |
| Stock-based Compensation | - | - | - | $-13.33K | $53.27K | $33.94K | $142.12K | $189.00K | - | $80.38K | $1.42M | $609.00K |
| Change in Receivables | $-1.34M | $-504.90K | $-978.03K | $-509.69K | $853.08K | $224.83K | $2.13M | $1.15M | $1.48M | $414.22K | $29.09K | $271.23K |
| Change in Inventory | $-3.04M | $-2.09M | $-1.85M | $4.63M | $-2.40M | $-1.12M | $2.90M | $2.87M | $3.32M | $-3.50M | $-43.75K | $39.42K |
| Change in Payables | $30.63K | $164.01K | $-450.67K | $-320.18K | $450.65K | $-199.99K | $600.10K | $206.21K | $-159.38K | $-883.63K | $857.86K | $291.18K |
| Operating Cash Flow | $-1.28M | $340.61K | $999.82K | $-5.55M | $-1.09M | $-1.16M | $-6.70M | $-5.67M | $-4.94M | $-1.55M | $-15.17M | $-5.89M |
| Capital Expenditure | $2.21K | $2.21K | $157.00 | - | - | - | $117.40K | $114.03K | $36.31K | - | $82.64K | - |
| Investing Cash Flow | $-304.87M | $397.76K | $-44.65K | $-22.41K | $-47.69K | $-5.88K | $-182.87K | $-92.28K | $67.20K | $551.06K | $-82.64K | $-52.60K |
| Stock Issued | $329.85M | - | - | $71.87K | $2.92M | $710.45K | $14.80K | $14.80K | $14.60K | - | $11.53M | $12.00M |
| Financing Cash Flow | $329.62M | $-281.31K | $-759.94K | $3.41M | $-1.71M | $-3.72M | $4.96M | $4.56M | $2.38M | $-49.45K | $20.97M | $45.00M |
| Net Change in Cash | $23.47M | $457.06K | $195.24K | $-2.17M | $-2.84M | $-4.88M | $-1.92M | $-1.21M | $-2.49M | $-1.05M | $5.71M | $39.05M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.