$60.07M
Revenue
$-20.32M
Net Income
36.75%
Gross Margin
-18.44%
Op. Margin
$-9.99M
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 | $60.07M | $56.86M | $79.63M | $27.52M | $7.01M |
| Revenue Growth % | 5.6% | -28.6% | 189.3% | 292.6% | nan% |
| Cost of Revenue | $37.99M | $36.44M | $51.94M | $20.14M | $4.58M |
| Gross Profit | $22.08M | $20.43M | $27.70M | $7.38M | $2.43M |
| Gross Margin % | 36.7% | 35.9% | 34.8% | 26.8% | 34.7% |
| Operating Expenses | $33.15M | $32.74M | $35.16M | $17.83M | $10.61M |
| Selling General & Admin | $27.11M | $27.05M | $29.07M | $12.21M | $7.13M |
| Operating Income | $-11.08M | $-12.32M | $-7.47M | $-10.45M | $-8.17M |
| Operating Margin % | -18.4% | -21.7% | -9.4% | -38.0% | -116.6% |
| Interest Expense | $3.87M | $1.60M | $2.66M | $976.61K | $8.02K |
| Other Income/Expense | $-9.16M | $-3.50M | $646.15K | $7.18M | $17.76K |
| Income Before Tax | $-20.24M | $-15.81M | $-6.82M | $-3.27M | $-8.15M |
| Income Tax Expense | $80.31K | $34.82K | $119.18K | $12.24K | $24.57K |
| Net Income | $-20.32M | $-15.85M | $-8.13M | $-10.35M | $2.97M |
| Net Margin % | -33.8% | -27.9% | -10.2% | -37.6% | 42.4% |
| Basic EPS | -32.30 | -50.58 | -0.81 | -4.04 | 0.31 |
| Diluted EPS | -32.30 | -50.58 | -0.81 | -4.04 | 0.31 |
| Basic Shares Outstanding | 3.4M | 542K | 10.0M | 6.7M | 9.5M |
| Diluted Shares Outstanding | 3.4M | 542K | 10.0M | 6.7M | 9.7M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $839.27K | $3.58M | $2.19M | $3.49M |
| Short-term Investments | - | - | $2.67M | $135.24K |
| Accounts Receivable | $4.88M | $5.01M | $5.56M | $1.80M |
| Inventory | $2.71M | $3.58M | $6.05M | $194.51K |
| Other Current Assets | $198.72K | $376.05K | $634.36K | $901.75K |
| Total Current Assets | $11.11M | $15.78M | $25.96M | $6.53M |
| Property Plant & Equipment | $1.24M | $1.51M | $1.19M | $140.76K |
| Goodwill | $17.44M | $20.55M | $20.55M | $2.09M |
| Intangible Assets | $12.22M | $15.81M | $20.55M | $2.33M |
| Other Non-current Assets | $33.36M | $40.88M | $47.54M | $13.41M |
| Total Assets | $45.71M | $58.17M | $74.70M | $20.07M |
| Accounts Payable | $8.03M | $7.68M | $7.59M | $798.46K |
| Deferred Revenue | $444.31K | $440.09K | $2.71M | $635.89K |
| Other Current Liabilities | $1.06M | $867.73K | $1.24M | - |
| Total Current Liabilities | $27.16M | $22.37M | $25.93M | $2.61M |
| Deferred Tax Liabilities | - | $41.58K | - | - |
| Common Stock | $93.43K | $512.33K | $495.78K | $486.03K |
| Retained Earnings | $-42.90M | $-27.08M | $-19.09M | $-28.35M |
| Total Stockholders Equity | $8.55M | $20.44M | $27.22M | $17.02M |
| Total Liabilities & Equity | $45.71M | $58.17M | $74.70M | $20.07M |
| 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 | $-20.32M | $-15.85M | $-8.13M | $-10.35M | $2.97M |
| Depreciation & Amortization | $4.54M | $3.15M | $5.14M | $3.23M | $821.98K |
| Stock-based Compensation | $201.47K | $29.00K | $1.21M | $309.20K | $559.40K |
| Deferred Income Tax | - | $-41.58K | $41.58K | - | - |
| Change in Receivables | $-1.70M | $-5.97K | $-623.98K | $899.80K | $-2.56M |
| Change in Inventory | $-240.50K | $-853.52K | $-2.48M | $-392.66K | $58.24K |
| Change in Payables | $-1.25M | $355.51K | $83.08K | $-706.35K | $89.23K |
| Operating Cash Flow | $-9.99M | $-6.30M | $-667.18K | $-7.58M | $-4.61M |
| Capital Expenditure | - | $32.78K | $655.69K | $116.91K | $34.84K |
| Acquisitions | - | - | - | $10.99M | - |
| Investing Cash Flow | - | $-26.67K | $3.57M | $-3.10M | $30.54M |
| Stock Repurchased | - | $6.10K | $38.40K | - | $4.81M |
| Dividends Paid | - | - | - | - | $34.04M |
| Financing Cash Flow | $16.47M | $2.08M | $-2.76M | $15.91M | $-35.59M |
| Net Change in Cash | $6.45M | $-4.24M | $139.87K | $5.24M | $-9.60M |
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 | $18.99M | - | $44.69M | - |
| Cost of Revenue | $11.78M | - | $28.21M | - |
| Gross Profit | $7.21M | - | $16.48M | - |
| Operating Expenses | $7.46M | - | $21.06M | - |
| Selling General & Admin | $6.90M | - | $19.38M | - |
| Operating Income | $-245.73K | - | $-4.58M | - |
| Interest Expense | $143.42K | - | $1.27M | - |
| Other Income/Expense | $-130.56K | - | $-8.87M | - |
| Income Before Tax | $-376.30K | - | $-13.45M | - |
| Income Tax Expense | $16.68K | - | $45.53K | - |
| Net Income | $-392.98K | - | $-13.50M | - |
| Basic EPS | -0.12 | - | -6.19 | - |
| Diluted EPS | -0.12 | - | -6.19 | - |
| Basic Shares Outstanding | $3.41M | - | $2.18M | - |
| Diluted Shares Outstanding | $3.41M | - | $2.18M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.41M | $839.27K |
| Accounts Receivable | $4.92M | $4.88M |
| Inventory | $3.01M | $2.71M |
| Other Current Assets | $612.25K | $198.72K |
| Total Current Assets | $17.17M | $11.11M |
| Property Plant & Equipment | $1.05M | $1.24M |
| Goodwill | $17.44M | $17.44M |
| Intangible Assets | $10.54M | $12.22M |
| Other Non-current Assets | $31.39M | $33.36M |
| Total Assets | $49.61M | $45.71M |
| Accounts Payable | $7.29M | $8.03M |
| Deferred Revenue | $1.89M | $444.31K |
| Other Current Liabilities | $1.48M | $1.06M |
| Total Current Liabilities | $19.03M | $27.16M |
| Common Stock | $170.33K | $467.00 |
| Retained Earnings | $-56.40M | $-42.90M |
| Total Stockholders Equity | $21.73M | $8.55M |
| Total Liabilities & Equity | $49.61M | $45.71M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-392.98K | - | $-13.50M | - |
| Depreciation & Amortization | - | - | $1.88M | - |
| Stock-based Compensation | - | - | $72.17K | - |
| Change in Receivables | - | - | $81.53K | - |
| Change in Inventory | - | - | $300.51K | - |
| Change in Payables | - | - | $395.28K | - |
| Operating Cash Flow | - | - | $-1.15M | - |
| Capital Expenditure | - | - | $17.79K | - |
| Investing Cash Flow | - | - | $-17.79K | - |
| Financing Cash Flow | - | - | $5.72M | - |
| Net Change in Cash | - | - | $4.55M | - |
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.