$1.21M
Revenue
$-94.98M
Net Income
-1435.43%
Gross Margin
-6856.62%
Op. Margin
$-100.73M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $223.00K | $241.00K | $155.00K | $589.00K | $1.65M | $190.00K | $1.90M |
| Revenue Growth % (YoY) | -86.5% | 26.8% | -91.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $16.32M | $957.00K | $716.00K | $550.00K | $4.12M | $583.00K | $1.55M |
| Gross Profit | $-16.10M | $-716.00K | $-561.00K | $39.00K | $-2.47M | $-393.00K | $346.00K |
| Gross Margin % | -7220.6% | -297.1% | -361.9% | 6.6% | -149.5% | -206.8% | 18.2% |
| Operating Expenses | $25.31M | $12.01M | $14.10M | $14.08M | $16.01M | $15.31M | $24.98M |
| Research & Development | $8.68M | $7.98M | $7.66M | $7.40M | $8.76M | $8.74M | $14.20M |
| Selling General & Admin | $3.19M | $4.03M | $6.44M | $6.68M | $5.92M | $6.60M | $7.75M |
| Operating Income | $-41.41M | $-12.72M | $-14.66M | $-14.04M | $-18.47M | $-15.71M | $-24.63M |
| Operating Margin % | -18570.0% | -5278.4% | -9455.5% | -2383.7% | -1119.5% | -8266.3% | -1296.4% |
| Interest Expense | - | $7.33M | $7.33M | $7.33M | $4.41M | - | - |
| Other Income/Expense | - | - | $-65.00K | - | - | $297.00K | $785.00K |
| Income Before Tax | $-38.18M | $-14.04M | $-14.14M | $-28.71M | $-31.07M | $-15.41M | $-23.85M |
| Income Tax Expense | $-422.00K | $172.00K | $93.00K | $73.00K | $81.00K | $108.00K | $84.00K |
| Net Income | $-37.76M | $-14.22M | $-14.23M | $-28.78M | $-31.16M | $-15.52M | $-23.93M |
| Net Margin % | -16930.9% | -5899.2% | -9180.0% | -4886.1% | -1888.2% | -8166.8% | -1259.5% |
| Basic EPS | nan | -0.05 | -0.06 | -0.12 | -0.14 | -0.07 | -0.11 |
| Diluted EPS | nan | -0.05 | -0.06 | -0.12 | -0.14 | -0.07 | -0.11 |
| Basic Shares Outstanding | 10.9M | 295.5M | 254.7M | 235.9M | 3.3M | 213.0M | 208.7M |
| Diluted Shares Outstanding | 10.9M | 295.5M | 254.7M | 235.9M | 3.3M | 213.0M | 208.7M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $32.36M | $72.83M | $74.09M | $51.92M | $54.49M | $16.52M | $26.75M |
| Short-term Investments | $42.50M | - | - | - | - | - | - |
| Accounts Receivable | $47.00K | $40.00K | $104.00K | $252.00K | $926.00K | $232.00K | $1.97M |
| Inventory | $745.00K | $8.13M | $6.13M | $2.53M | $2.29M | $4.49M | $4.20M |
| Other Current Assets | $4.99M | $6.97M | $5.47M | $7.10M | $4.29M | $4.86M | $3.65M |
| Total Current Assets | $81.11M | $114.98M | $103.18M | $79.00M | $82.47M | $53.05M | $66.57M |
| Property Plant & Equipment | $4.28M | $6.57M | $6.74M | $6.82M | $7.06M | $7.67M | $8.13M |
| Intangible Assets | $32.00K | $10.28M | $10.51M | $10.74M | $10.97M | $12.56M | $13.08M |
| Total Assets | $103.12M | $150.82M | $140.62M | $116.74M | $121.16M | $88.26M | $103.42M |
| Accounts Payable | $1.63M | $1.34M | $1.56M | $1.27M | $1.13M | $1.49M | $1.45M |
| Accrued Liabilities | $5.43M | $3.75M | $2.27M | $2.19M | $2.54M | $5.89M | $8.89M |
| Deferred Revenue | - | - | - | - | $308.00K | - | - |
| Other Current Liabilities | $388.00K | $672.00K | - | $116.00K | $458.00K | $902.00K | $24.00K |
| Total Current Liabilities | $30.15M | $39.90M | $42.83M | $41.85M | $45.95M | $10.61M | $12.65M |
| Long-term Debt | $19.21M | - | - | - | $33.00M | - | - |
| Other Non-current Liabilities | $1.49M | $1.68M | $1.74M | $1.69M | $1.73M | $134.00K | $120.00K |
| Total Liabilities | $47.57M | $60.10M | $63.51M | $63.54M | $72.39M | $22.41M | $24.71M |
| Common Stock | $306.00K | $302.00K | $278.00K | $245.00K | $225.00K | $213.00K | $212.00K |
| Retained Earnings | $-957.26M | $-919.51M | $-905.29M | $-891.06M | $-862.28M | $-831.13M | $-815.61M |
| Total Stockholders Equity | $55.55M | $90.72M | $77.10M | $53.20M | $48.77M | $65.86M | $78.71M |
| Total Liabilities & Equity | $103.12M | $150.82M | $140.62M | $116.74M | $121.16M | $88.26M | $103.42M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $-37.76M | $-14.22M | $-43.01M | $-28.78M | $-31.16M | $-15.52M | $-50.24M |
| Depreciation & Amortization | $1.48M | $4.35M | $2.95M | $1.41M | $1.67M | $5.25M | $3.57M |
| Stock-based Compensation | $-1.55M | $2.25M | $3.85M | $1.92M | $2.01M | $9.52M | $7.10M |
| Change in Receivables | $7.00K | $-886.00K | $-822.00K | $-674.00K | $694.00K | $-717.00K | $1.02M |
| Change in Inventory | $2.48M | $5.80M | $3.80M | $228.00K | $-228.00K | $723.00K | $410.00K |
| Operating Cash Flow | $-15.40M | $-43.31M | $-26.83M | $-14.10M | $-15.06M | $-53.48M | $-39.39M |
| Capital Expenditure | $244.00K | $435.00K | $307.00K | $99.00K | $103.00K | $271.00K | $280.00K |
| Acquisitions | - | - | - | - | - | $6.30M | $6.30M |
| Purchases of Investments | $18.98M | $32.88M | $19.33M | $10.33M | $495.00K | $25.57M | $23.49M |
| Investing Cash Flow | $-18.02M | $-6.62M | $2.77M | $3.09M | $6.50M | $-3.83M | $-7.41M |
| Stock Issued | $4.11M | $73.27M | $43.29M | $8.21M | $8.65M | $26.09M | $26.11M |
| Financing Cash Flow | $-6.89M | $67.76M | $43.28M | $8.21M | $46.73M | $26.16M | $26.17M |
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 | $241.00K | $190.00K | $985.00K | $3.05M |
| Cost of Revenue | $957.00K | $583.00K | $2.22M | $3.41M |
| Gross Profit | $-716.00K | $-393.00K | $-1.24M | $-368.00K |
| Operating Expenses | $12.01M | $15.31M | $40.18M | $66.68M |
| Research & Development | $7.98M | $8.74M | $23.04M | $40.25M |
| Selling General & Admin | $4.03M | $6.60M | $17.14M | $23.42M |
| Operating Income | $-12.72M | $-15.71M | $-41.42M | $-67.05M |
| Interest Expense | $2.20M | $21.00K | $7.33M | - |
| Income Before Tax | $-14.04M | $-15.41M | $-56.89M | $-65.33M |
| Income Tax Expense | $172.00K | $108.00K | $338.00K | $426.00K |
| Net Income | $-14.22M | $-15.52M | $-57.23M | $-65.76M |
| Basic EPS | -0.05 | -0.07 | -0.22 | -0.32 |
| Diluted EPS | -0.05 | -0.07 | -0.22 | -0.32 |
| Basic Shares Outstanding | $295.46M | $213.00M | $262.24M | $206.16M |
| Diluted Shares Outstanding | $295.46M | $213.00M | $262.24M | $206.16M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $72.83M | $54.49M |
| Accounts Receivable | $40.00K | $926.00K |
| Inventory | $8.13M | $2.29M |
| Other Current Assets | $6.97M | $4.29M |
| Total Current Assets | $114.98M | $82.47M |
| Property Plant & Equipment | $6.57M | $7.06M |
| Intangible Assets | $10.28M | $10.97M |
| Total Assets | $150.82M | $121.16M |
| Accounts Payable | $1.34M | $1.13M |
| Accrued Liabilities | $3.75M | $2.54M |
| Other Current Liabilities | $672.00K | $458.00K |
| Total Current Liabilities | $39.90M | $45.95M |
| Other Non-current Liabilities | $1.68M | $1.73M |
| Total Liabilities | $60.10M | $72.39M |
| Common Stock | $302.00K | $225.00K |
| Retained Earnings | $-919.51M | $-862.28M |
| Total Stockholders Equity | $90.72M | $48.77M |
| Total Liabilities & Equity | $150.82M | $121.16M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.22M | $-15.52M | $-57.23M | $-65.76M |
| Depreciation & Amortization | - | - | $4.35M | $5.25M |
| Stock-based Compensation | - | - | $2.25M | $9.52M |
| Change in Receivables | - | - | $-886.00K | $-717.00K |
| Change in Inventory | - | - | $5.80M | $723.00K |
| Operating Cash Flow | - | - | $-43.31M | $-53.48M |
| Capital Expenditure | - | - | $435.00K | $271.00K |
| Acquisitions | - | - | - | $6.30M |
| Purchases of Investments | - | - | $32.88M | $25.57M |
| Investing Cash Flow | - | - | $-6.62M | $-3.83M |
| Stock Issued | - | - | $73.27M | $26.09M |
| Financing Cash Flow | - | - | $67.76M | $26.16M |
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.