$62.27M
Revenue
$-15.33M
Net Income
11.48%
Gross Margin
-14.07%
Op. Margin
$-7.03M
Free Cash Flow
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Total Revenue | $16.72M | $20.22M | $13.93M | $11.39M | $17.48M | $23.11M |
| Revenue Growth % (YoY) | -4.4% | -12.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $14.50M | $17.48M | $12.41M | $10.73M | $15.29M | $22.71M |
| Gross Profit | $2.22M | $2.74M | $1.52M | $663.31K | $2.19M | $398.18K |
| Gross Margin % | 13.3% | 13.6% | 10.9% | 5.8% | 12.5% | 1.7% |
| Operating Expenses | $4.44M | $3.64M | $3.61M | $4.22M | $4.43M | $2.21M |
| Research & Development | $193.21K | $306.43K | $533.06K | $826.53K | $671.75K | $22.79K |
| Operating Income | $-2.22M | $-892.19K | $-2.09M | $-3.56M | $-2.24M | $-1.81M |
| Operating Margin % | -13.3% | -4.4% | -15.0% | -31.3% | -12.8% | -7.8% |
| Interest Expense | $2.66K | $1.60M | $1.24M | $1.27M | $730.79K | $4.07K |
| Other Income/Expense | $-60.11K | $38.66K | $25.85K | $-2.12K | $1.86K | - |
| Income Before Tax | $-4.29M | $-2.87M | $-4.02M | $-4.08M | $1.42M | $-2.27M |
| Net Income | $-4.29M | $-2.87M | $-4.09M | $-4.08M | $1.42M | $-2.27M |
| Net Margin % | -25.6% | -14.2% | -29.4% | -35.9% | 8.1% | -9.8% |
| Basic EPS | -0.62 | -0.42 | -0.64 | -0.58 | 0.20 | -0.65 |
| Diluted EPS | -0.62 | -0.42 | -0.64 | -0.58 | 0.20 | -0.65 |
| Basic Shares Outstanding | 6.9M | 6.8M | 211K | 7.1M | 7.3M | 3.5M |
| Diluted Shares Outstanding | 6.9M | 6.8M | 211K | 7.1M | 7.3M | 3.5M |
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.77M | $1.48M | $1.88M | $3.79M | $3.94M | $9.18M |
| Accounts Receivable | $6.32M | $12.77M | $6.79M | $7.15M | $7.64M | $12.37M |
| Inventory | $10.18M | $11.46M | $12.69M | $16.66M | $15.77M | $4.54M |
| Other Current Assets | $53.16K | $1.17M | $1.84M | $1.18M | $1.02M | $336.96K |
| Total Current Assets | $19.84M | $27.15M | $23.65M | $30.44M | $29.97M | $47.55M |
| Property Plant & Equipment | $102.32K | $119.39K | $131.72K | $143.50K | $187.37K | $166.34K |
| Total Assets | $42.04M | $49.81M | $26.00M | $32.85M | $31.94M | $49.55M |
| Accounts Payable | $29.68M | $31.67M | $26.24M | $29.35M | $24.10M | $19.29M |
| Deferred Revenue | $23.52K | $367.71K | $378.00 | $211.07K | $784.16K | $143.60K |
| Total Current Liabilities | $33.95M | $37.47M | $30.40M | $33.38M | $28.65M | $47.95M |
| Long-term Debt | $84.76K | $67.49K | $73.42K | $79.17K | $84.76K | $90.18K |
| Total Liabilities | $53.87M | $57.75M | $31.36M | $34.41M | $29.73M | $49.09M |
| Common Stock | $696.00 | $678.00 | $678.00 | $678.00 | $728.00 | $727.00 |
| Retained Earnings | $-27.20M | $-22.91M | $-20.05M | $-15.95M | $-11.87M | $-13.29M |
| Total Stockholders Equity | $-11.82M | $-7.94M | $-5.36M | $-1.56M | $2.20M | $457.24K |
| Total Liabilities & Equity | $42.04M | $49.81M | $26.00M | $32.85M | $31.94M | $49.55M |
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Net Income | $-4.29M | $-2.87M | $-4.09M | $-4.08M | $-842.64K | $-2.27M |
| Stock-based Compensation | $703.12K | $296.80K | $288.14K | $527.54K | $200.95K | - |
| Change in Receivables | $-586.07K | $6.02M | $-228.99K | $7.36M | $7.45M | $12.12M |
| Change in Inventory | $-933.30K | $-745.72K | $-3.98M | $14.89M | $14.00M | $2.77M |
| Change in Payables | $3.43M | $5.43M | $-3.11M | $27.96M | $22.71M | $17.89M |
| Operating Cash Flow | $-92.59K | $-376.76K | $-1.91M | $-4.65M | $-4.48M | $-243.46K |
| Capital Expenditure | - | - | - | $68.34K | $68.34K | $35.00K |
| Investing Cash Flow | $8.83K | - | - | $-40.24K | $-68.34K | $-35.00K |
| Stock Issued | - | - | - | $19.71M | $19.71M | $19.71M |
| Financing Cash Flow | $-12.40K | $-6.98K | $-3.39K | $7.89M | $7.90M | $28.28M |
| Net Change in Cash | $-105.77K | $-390.96K | $-1.91M | $3.20M | - | - |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $16.72M | - | $36.94M | - |
| Cost of Revenue | $14.50M | - | $31.98M | - |
| Gross Profit | $2.22M | - | $4.96M | - |
| Operating Expenses | $4.44M | - | $8.08M | - |
| Research & Development | $193.21K | - | $499.64K | - |
| Operating Income | $-2.22M | - | $-3.11M | - |
| Interest Expense | $2.66K | - | $5.48K | - |
| Other Income/Expense | $-60.11K | - | $-21.45K | - |
| Income Before Tax | $-4.29M | - | $-7.15M | - |
| Net Income | $-4.29M | - | $-7.15M | - |
| Basic EPS | -0.62 | - | -1.05 | - |
| Diluted EPS | -0.62 | - | -1.05 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $1.77M | $1.88M |
| Accounts Receivable | $6.32M | $6.79M |
| Inventory | $10.18M | $12.69M |
| Other Current Assets | $53.16K | $1.84M |
| Total Current Assets | $19.84M | $23.65M |
| Property Plant & Equipment | $102.32K | $131.72K |
| Total Assets | $42.04M | $26.00M |
| Accounts Payable | $29.68M | $26.24M |
| Deferred Revenue | $23.52K | $378.00 |
| Total Current Liabilities | $33.95M | $30.40M |
| Long-term Debt | $84.76K | $73.42K |
| Total Liabilities | $53.87M | $31.36M |
| Common Stock | $696.00 | $678.00 |
| Retained Earnings | $-27.20M | $-20.05M |
| Total Stockholders Equity | $-11.82M | $-5.36M |
| Total Liabilities & Equity | $42.04M | $26.00M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.29M | - | $-7.15M | - |
| Stock-based Compensation | - | - | $703.12K | - |
| Change in Receivables | - | - | $-586.07K | - |
| Change in Inventory | - | - | $-933.30K | - |
| Change in Payables | - | - | $3.43M | - |
| Operating Cash Flow | - | - | $-92.59K | - |
| Investing Cash Flow | - | - | $8.83K | - |
| Financing Cash Flow | - | - | $-12.40K | - |
| Net Change in Cash | - | - | $-105.77K | - |
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.