$6.63M
Revenue
$-5.24M
Net Income
2.41%
Gross Margin
-88.64%
Op. Margin
$-6.24M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.63M | $10.79M | $9.07M | $7.18M | $8.21M | $7.45M | $6.29M | $8.98M | $15.02M | $21.25M | $45.75M |
| Revenue Growth % | -38.6% | 18.9% | 26.4% | -12.5% | 10.2% | 18.3% | -29.9% | -40.2% | -29.3% | -53.6% | nan% |
| Cost of Revenue | $6.47M | $9.88M | $7.51M | $5.08M | $6.24M | $5.75M | $6.75M | $8.76M | $13.92M | $16.28M | $38.82M |
| Gross Profit | $160.00K | $901.00K | $1.56M | $2.10M | $1.97M | $1.70M | $-462.00K | $222.00K | $1.10M | $4.97M | $6.93M |
| Gross Margin % | 2.4% | 8.4% | 17.2% | 29.3% | 24.0% | 22.8% | -7.3% | 2.5% | 7.3% | 23.4% | 15.2% |
| Operating Expenses | $12.50M | $16.40M | $12.47M | $9.27M | $11.65M | $11.64M | $10.92M | $12.63M | $18.90M | $21.58M | $47.16M |
| Selling General & Admin | $6.03M | $6.52M | $4.96M | $4.20M | $5.41M | $5.89M | $4.16M | $3.84M | $4.92M | $5.10M | $7.97M |
| Operating Income | $-5.87M | $-5.62M | $-3.40M | $-2.10M | $-3.44M | $-4.20M | $-4.63M | $-3.65M | $-3.88M | $-326.00K | $-1.41M |
| Operating Margin % | -88.6% | -52.1% | -37.5% | -29.2% | -41.9% | -56.3% | -73.5% | -40.6% | -25.8% | -1.5% | -3.1% |
| Interest Expense | $25.00K | $9.00K | $5.00K | $10.00K | $11.00K | $7.00K | - | - | $4.00K | $2.00K | - |
| Income Before Tax | $-5.24M | $-4.73M | $856.00K | $-1.36M | $-3.63M | $-3.96M | $-3.85M | $-2.79M | $-3.39M | $-65.00K | $-1.23M |
| Income Tax Expense | - | $3.00K | $90.00K | - | - | $15.00K | $457.00K | $-352.00K | $3.46M | $172.00K | $-259.00K |
| Net Income | $-5.24M | $-4.73M | $766.00K | $-1.36M | $-3.63M | $-3.98M | $-4.31M | $-2.44M | $-6.85M | $-237.00K | $-968.00K |
| Net Margin % | -79.0% | -43.9% | 8.4% | -18.9% | -44.2% | -53.4% | -68.4% | -27.1% | -45.6% | -1.1% | -2.1% |
| Basic EPS | -0.24 | -0.22 | 0.04 | -0.06 | -0.17 | -0.19 | -0.20 | -0.11 | -0.27 | -0.01 | -0.04 |
| Diluted EPS | -0.24 | -0.22 | 0.04 | -0.06 | -0.17 | -0.19 | -0.20 | -0.11 | -0.27 | -0.01 | -0.04 |
| Basic Shares Outstanding | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.9M | 25.3M | 27.1M | 27.1M |
| Diluted Shares Outstanding | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.9M | 25.3M | 27.1M | 27.1M |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.19M | $19.89M | $25.27M | $25.58M | $5.25M | $6.28M | $7.92M | $25.10M | $27.47M | $30.10M |
| Short-term Investments | $14.87M | - | - | - | $25.05M | $28.10M | $28.37M | $16.00M | $25.08M | $20.16M |
| Accounts Receivable | $1.50M | $1.34M | $1.17M | $1.29M | $691.00K | $484.00K | $604.00K | $1.88M | $1.21M | $2.80M |
| Inventory | - | - | - | - | - | - | - | - | - | $2.06M |
| Other Current Assets | $247.00K | $274.00K | $357.00K | $390.00K | $289.00K | $327.00K | $421.00K | $497.00K | $1.49M | $556.00K |
| Total Current Assets | $22.79M | $28.60M | $31.09M | $29.51M | $33.59M | $37.36M | $41.25M | $47.06M | $56.94M | $58.33M |
| Property Plant & Equipment | $211.00K | $95.00K | $1.25K | $2.00K | - | $4.00K | $6.00K | $14.00K | $18.00K | $29.00K |
| Other Non-current Assets | $76.00K | $84.00K | $74.00K | $90.00K | $94.00K | $94.00K | $154.00K | $151.00K | $101.00K | $132.00K |
| Total Assets | $23.53M | $29.07M | $31.37M | $30.01M | $33.90M | $37.90M | $41.86M | $47.76M | $57.85M | $59.89M |
| Deferred Revenue | $96.00K | $191.00K | $149.00K | $210.00K | $195.00K | $180.00K | $165.00K | $50.00K | - | - |
| Total Current Liabilities | $1.71M | $1.97M | $4.65M | $1.38M | $1.54M | $1.21M | $960.00K | $1.10M | $921.00K | $2.66M |
| Total Liabilities | $2.04M | $2.84M | $5.91M | $3.19M | $3.46M | $3.48M | $3.13M | $3.97M | $921.00K | $2.66M |
| Common Stock | $529.00K | $529.00K | $529.00K | $529.00K | $529.00K | $529.00K | $529.00K | $529.00K | $529.00K | $529.00K |
| Retained Earnings | $-28.94M | $-24.20M | $-24.97M | $-23.61M | $-19.98M | $-16.01M | $-11.70M | $-9.27M | $-2.41M | $-2.18M |
| Treasury Stock | $33.20M | $33.20M | $33.20M | $33.20M | $33.20M | $33.20M | $33.20M | $30.58M | $24.29M | $24.22M |
| Total Stockholders Equity | $21.49M | $26.23M | $25.46M | $26.82M | $30.45M | $34.42M | $38.73M | $43.78M | $56.93M | $57.23M |
| Total Liabilities & Equity | $23.53M | $29.07M | $31.37M | $30.01M | $33.90M | $37.90M | $41.86M | $47.76M | $57.85M | $59.89M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-5.24M | $-4.73M | $766.00K | $-1.36M | $-3.63M | $-3.98M | $-4.31M | $-2.44M | $-6.85M | $-237.00K | $-968.00K |
| Depreciation & Amortization | $144.00K | $79.00K | $25.00K | $1.00K | - | $2.00K | $2.00K | $5.00K | $8.00K | $16.00K | $48.00K |
| Change in Receivables | $-1.42M | $1.26M | $178.00K | $-93.00K | $609.00K | $185.00K | $-117.00K | $-1.48M | $510.00K | $-2.15M | $-2.23M |
| Change in Inventory | $-352.00K | $-2.04M | $3.14M | $1.70M | $151.00K | $43.00K | $-1.60M | $356.00K | $2.33M | $-1.22M | $-2.46M |
| Operating Cash Flow | $-6.24M | $-3.65M | $-5.26M | $-308.00K | $-4.71M | $-4.29M | $-1.91M | $-2.19M | $-5.16M | $1.87M | $6.77M |
| Capital Expenditure | - | $195.00K | $119.00K | - | $2.00K | - | - | - | $4.00K | $5.00K | - |
| Investing Cash Flow | $9.98M | $-15.06M | $-119.00K | - | $25.04M | $3.06M | $270.00K | $-12.37M | $9.07M | $-4.43M | $-20.16M |
| Stock Repurchased | - | - | - | - | - | - | - | $2.62M | $6.29M | $66.00K | - |
| Financing Cash Flow | $-2.00K | $6.00K | $-1.00K | - | - | $204.00K | - | $-2.62M | $-6.29M | $-66.00K | - |
| Net Change in Cash | $3.74M | $-18.70M | $-5.38M | $-308.00K | $20.33M | $-1.03M | $-1.64M | $-17.18M | $-2.38M | $-2.62M | $-13.39M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (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 | $1.89M | - | $4.78M | - |
| Cost of Revenue | $1.69M | - | $4.57M | - |
| Operating Expenses | $2.72M | - | $8.11M | - |
| Selling General & Admin | $1.03M | - | $3.55M | - |
| Operating Income | $-826.00K | - | $-3.33M | - |
| Interest Expense | - | - | $12.00K | - |
| Income Before Tax | $-694.00K | - | $-2.88M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-694.00K | $-881.00K | $-2.88M | - |
| Basic EPS | -0.03 | - | -0.14 | - |
| Diluted EPS | -0.03 | - | -0.14 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $4.19M | $1.19M |
| Short-term Investments | $9.08M | $14.87M |
| Accounts Receivable | $1.46M | $1.50M |
| Other Current Assets | $245.00K | $247.00K |
| Total Current Assets | $19.58M | $22.79M |
| Property Plant & Equipment | $149.00K | $211.00K |
| Other Non-current Assets | $76.00K | $76.00K |
| Total Assets | $20.15M | $23.53M |
| Deferred Revenue | - | $96.00K |
| Total Current Liabilities | $1.33M | $1.71M |
| Total Liabilities | $1.53M | $2.04M |
| Common Stock | $529.00K | $529.00K |
| Retained Earnings | $-31.81M | $-28.94M |
| Treasury Stock | $33.20M | $33.20M |
| Total Stockholders Equity | $18.62M | $21.49M |
| Total Liabilities & Equity | $20.15M | $23.53M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-694.00K | $-881.00K | $-2.88M | - |
| Depreciation & Amortization | - | - | $62.00K | - |
| Change in Receivables | - | - | $-43.00K | - |
| Change in Inventory | - | - | $-495.00K | - |
| Operating Cash Flow | - | - | $-2.78M | - |
| Investing Cash Flow | - | - | $5.79M | - |
| Financing Cash Flow | - | - | $-1.00K | - |
| Net Change in Cash | - | - | $3.01M | - |
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.