$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $5.30M | $7.58M | $9.91M | $15.31M | $7.67M | $7.02M |
| Revenue Growth % (YoY) | -30.9% | 8.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $5.50M | $6.33M | $9.10M | $15.04M | $5.63M | $5.24M |
| Gross Profit | $-195.85K | $1.25M | $813.26K | $271.55K | $2.05M | $1.78M |
| Gross Margin % | -3.7% | 16.4% | 8.2% | 1.8% | 26.7% | 25.3% |
| Operating Expenses | $6.00M | $2.45M | $2.23M | $2.11M | $3.72M | $3.46M |
| Selling General & Admin | $6.00M | $2.45M | $2.23M | $2.11M | $3.72M | $3.46M |
| Operating Income | $-6.20M | $-1.21M | $-1.42M | $-1.84M | $-1.68M | $-1.68M |
| Operating Margin % | -116.9% | -15.9% | -14.3% | -12.0% | -21.8% | -24.0% |
| Interest Expense | $1.10M | $795.18K | $375.64K | $336.25K | $843.10K | $554.24K |
| Other Income/Expense | $-19.65M | $37.02K | $-1.27M | $-1.22M | $-1.50M | $6.13M |
| Income Before Tax | $-25.84M | $-1.17M | $-2.68M | $-3.06M | $-3.18M | $4.45M |
| Income Tax Expense | - | - | $-28.79K | - | - | - |
| Net Income | $-25.84M | $-1.17M | $-2.55M | $-2.50M | $-3.18M | $4.45M |
| Net Margin % | -487.6% | -15.4% | -25.7% | -16.4% | -41.4% | 63.4% |
| Basic EPS | -0.58 | -0.38 | -0.84 | -1.72 | -1.77 | 0.51 |
| Diluted EPS | -0.58 | -0.38 | -0.84 | -1.43 | -1.77 | 0.43 |
| Basic Shares Outstanding | 44.7M | 3.0M | 3.0M | - | - | - |
| Diluted Shares Outstanding | 44.7M | 3.0M | 3.0M | 186K | 1.8M | 10.4M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $23.71M | $696.25K | $434.43K | $239.19K | $2.41M | $363.08K |
| Accounts Receivable | $254.81K | $1.09M | $614.02K | $1.59M | $2.73M | $2.10M |
| Inventory | $5.34M | $6.29M | $6.17M | $7.83M | $3.65M | $4.78M |
| Other Current Assets | $569.96K | $1.00M | $747.90K | $1.00M | $836.17K | $934.77K |
| Total Current Assets | $316.54M | $9.08M | $9.83M | $12.47M | $9.62M | $8.18M |
| Property Plant & Equipment | - | - | - | - | $666.68K | $662.87K |
| Goodwill | $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 |
| Total Assets | $355.53M | $48.68M | $47.63M | $50.85M | $49.24M | $48.37M |
| Other Current Liabilities | $222.41K | $222.41K | $222.41K | - | - | - |
| Total Current Liabilities | $16.77M | $30.45M | $28.73M | $29.81M | $27.22M | $25.81M |
| Deferred Tax Liabilities | - | - | - | - | $82.10K | $82.10K |
| Total Liabilities | $16.77M | $40.18M | $38.34M | $39.33M | $36.60M | $34.94M |
| Common Stock | $187.26K | $3.04K | $3.04K | $2.48K | $2.38K | $8.75K |
| Retained Earnings | $-142.13M | $-116.29M | $-115.12M | $-112.57M | $-110.07M | $-106.89M |
| Total Stockholders Equity | $339.17M | $8.91M | $9.71M | $11.93M | $13.05M | $13.84M |
| Total Liabilities & Equity | $355.53M | $48.68M | $47.63M | $50.85M | $49.24M | $48.37M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-25.84M | $-3.72M | $-2.55M | $-2.50M | $3.21M | $4.45M |
| Depreciation & Amortization | $1.76M | $1.19M | $574.67K | $623.60K | $1.83M | $1.22M |
| Stock-based Compensation | - | - | - | $-13.33K | $53.27K | $33.94K |
| Change in Receivables | $-1.34M | $-504.90K | $-978.03K | $-509.69K | $853.08K | $224.83K |
| Change in Inventory | $-3.04M | $-2.09M | $-1.85M | $4.63M | $-2.40M | $-1.12M |
| Change in Payables | $30.63K | $164.01K | $-450.67K | $-320.18K | $450.65K | $-199.99K |
| Operating Cash Flow | $-1.28M | $340.61K | $999.82K | $-5.55M | $-1.09M | $-1.16M |
| Capital Expenditure | $2.21K | $2.21K | $157.00 | - | - | - |
| Investing Cash Flow | $-304.87M | $397.76K | $-44.65K | $-22.41K | $-47.69K | $-5.88K |
| Stock Issued | $329.85M | - | - | $71.87K | $2.92M | $710.45K |
| Financing Cash Flow | $329.62M | $-281.31K | $-759.94K | $3.41M | $-1.71M | $-3.72M |
| Net Change in Cash | $23.47M | $457.06K | $195.24K | $-2.17M | $-2.84M | $-4.88M |
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.