$16.31M
Revenue
$-34.15M
Net Income
31.57%
Gross Margin
-156.92%
Op. Margin
$-42.24M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $16.31M | $16.31M | $9.61M | $1.99M | $1.50M | $564.00K | $541.00K | $441.00K | $440.00K | $437.00K | $412.00K |
| Revenue Growth % | 0.0% | 69.8% | 382.6% | 32.6% | 166.1% | 4.3% | 22.7% | 0.2% | 0.7% | 6.1% | nan% |
| Cost of Revenue | $11.16M | $11.16M | $7.30M | $2.89M | $2.07M | - | - | - | - | - | - |
| Gross Profit | $5.15M | $5.15M | $2.31M | $-896.00K | $-566.00K | $564.00K | - | - | - | - | - |
| Gross Margin % | 31.6% | 31.6% | 24.0% | -45.0% | -37.7% | 100.0% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $41.91M | $41.91M | $32.86M | $22.93M | $18.06M | $18.08M | $12.29M | $12.43M | $11.66M | $13.08M | $9.62M |
| Operating Income | $-25.60M | $-25.60M | $-23.25M | $-20.94M | $-16.56M | $-17.51M | $-11.75M | $-11.99M | $-11.22M | $-12.64M | $-9.21M |
| Operating Margin % | -156.9% | -156.9% | -242.0% | -1051.7% | -1103.4% | -3105.0% | -2172.6% | -2718.6% | -2550.0% | -2892.4% | -2235.4% |
| Interest Expense | $8.58M | $8.58M | $7.88M | $4.94M | $8.26M | $11.39M | $11.53M | $17.07M | $15.27M | $17.77M | - |
| Interest Income | - | - | - | - | - | - | $33.00K | $226.00K | $223.00K | $51.00K | - |
| Income Before Tax | $-34.14M | $-34.14M | $-31.13M | $-31.43M | $-24.82M | $-30.30M | $-35.64M | $-29.03M | $-26.27M | $-33.86M | $-26.34M |
| Income Tax Expense | - | $11.00K | $11.00K | $11.00K | $7.00K | $10.00K | $7.00K | $6.00K | $6.00K | $4.00K | $4.00K |
| Net Income | $-34.15M | $-34.15M | $-31.14M | $-31.45M | $-24.79M | $-31.25M | $-37.82M | $-29.53M | $-26.27M | $-33.86M | $-26.34M |
| Net Margin % | -209.3% | -209.3% | -324.1% | -1579.4% | -1651.7% | -5540.6% | -6990.2% | -6695.7% | -5971.1% | -7749.2% | -6393.0% |
| Basic EPS | nan | -0.48 | -0.53 | -0.56 | -0.60 | -0.84 | nan | nan | nan | nan | nan |
| Diluted Shares Outstanding | - | - | - | - | - | - | 34K | 26.5M | 24.0M | 22.5M | 18.7M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.60M | $17.29M | $4.50M | $10.00M | $10.96M | $7.29M | $15.68M | $12.56M | $13.03M | $12.17M |
| Accounts Receivable | $5.61M | $4.59M | $904.00K | $454.00K | $270.00K | $55.00K | $49.00K | $38.00K | $36.00K | $39.00K |
| Inventory | $1.14M | $3.02M | $2.11M | $316.00K | - | - | - | - | - | - |
| Other Current Assets | $701.00K | $888.00K | $508.00K | $696.00K | $691.00K | $691.00K | $386.00K | $408.00K | $411.00K | $3.39M |
| Total Current Assets | $16.05M | $25.79M | $8.02M | $12.44M | $13.21M | $8.04M | $16.12M | $13.00M | $13.48M | $15.60M |
| Property Plant & Equipment | $95.38M | $88.36M | $87.22M | $84.14M | $78.89M | $53.48M | $49.95M | $46.62M | $45.27M | $44.18M |
| Goodwill | $5.71M | $5.71M | $5.71M | $5.71M | $3.81M | $3.81M | $3.81M | $3.81M | $3.81M | $3.81M |
| Other Non-current Assets | $17.19M | $10.33M | $5.44M | $5.03M | $4.30M | $4.68M | $4.12M | $3.87M | $3.95M | $3.50M |
| Total Assets | $140.91M | $134.49M | $107.37M | $110.79M | $112.49M | $74.36M | $76.72M | $69.31M | $66.50M | $67.10M |
| Accounts Payable | $3.78M | $2.26M | $1.25M | $1.11M | $286.00K | $548.00K | $194.00K | $225.00K | $411.00K | $439.00K |
| Accrued Liabilities | $2.37M | $8.00M | $1.17M | $1.54M | $808.00K | $674.00K | $4.54M | $2.07M | $2.28M | $3.95M |
| Deferred Revenue | $305.00K | $1.23M | $373.00K | - | - | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - | $15.00K | $44.00K | $923.00K | - | - |
| Total Current Liabilities | $13.19M | $14.41M | $5.83M | $5.64M | $2.51M | $3.13M | $4.80M | $4.14M | $6.49M | $4.56M |
| Long-term Debt | $78.31M | $56.71M | $37.71M | $48.95M | $46.48M | $78.60M | $137.56M | $136.25M | $123.77M | $102.37M |
| Other Non-current Liabilities | $51.00K | $46.00K | $41.00K | $36.00K | $32.00K | - | $15.00K | - | - | - |
| Total Liabilities | $117.66M | $100.53M | $67.41M | $76.56M | $71.88M | $99.66M | $158.84M | $155.55M | $145.20M | $121.42M |
| Common Stock | $830.00K | $752.00K | $665.00K | $556.00K | $436.00K | $368.00K | $285.00K | $247.00K | $230.00K | $218.00K |
| Retained Earnings | $-692.19M | $-676.10M | $-639.85M | $-603.30M | $-573.40M | $-539.41M | $-501.60M | $-470.01M | $-443.74M | $-409.87M |
| Total Stockholders Equity | $23.26M | $33.96M | $39.97M | $34.22M | $40.61M | $-25.30M | $-82.12M | $-86.24M | $-78.70M | $-54.32M |
| Total Liabilities & Equity | $140.91M | $134.49M | $107.37M | $110.79M | $112.49M | $74.36M | $76.72M | $69.31M | $66.50M | $67.10M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-34.15M | $-34.15M | $-31.14M | $-31.45M | $-24.79M | $-31.25M | $-37.82M | $-29.53M | $-26.27M | $-33.86M | $-26.34M |
| Depreciation & Amortization | - | - | - | - | - | - | $381.00K | $265.00K | $258.00K | $274.00K | $292.00K |
| Stock-based Compensation | $11.39M | $5.30M | $4.61M | $1.50M | $1.88M | $4.75M | $2.10M | $562.00K | $473.00K | $2.30M | $1.30M |
| Change in Receivables | $907.00K | $1.02M | $3.68M | $450.00K | $184.00K | $215.00K | $6.00K | $11.00K | $2.00K | $-3.00K | $-148.00K |
| Change in Inventory | $-1.86M | $-1.88M | $914.00K | $1.79M | $236.00K | - | - | - | - | - | - |
| Change in Payables | $2.92M | $765.00K | $-392.00K | $937.00K | $113.00K | $-92.00K | $129.00K | $-68.00K | $-98.00K | $-79.00K | $130.00K |
| Operating Cash Flow | $-27.57M | $-18.93M | $-21.53M | $-20.92M | $-18.60M | $-15.27M | $-13.43M | $-13.71M | $-12.19M | $-10.47M | $-9.51M |
| Capital Expenditure | $14.66M | $7.58M | $934.00K | $5.79M | $3.38M | $22.91M | $5.73M | $1.60M | $1.73M | $1.01M | - |
| Purchases of Investments | - | - | - | - | $750.00K | - | $1.00M | - | $2.00M | - | - |
| Investing Cash Flow | $-29.66M | $-12.58M | $-1.18M | $-5.79M | $-4.12M | $-23.47M | $-9.84M | $-2.50M | $-3.73M | $-1.01M | - |
| Debt Repayment | $239.00K | $127.00K | $177.00K | $15.16M | $170.00K | $77.59M | $43.00K | $59.00K | $56.00K | $44.92M | $10.55M |
| Stock Issued | $55.01M | $18.34M | $22.14M | $38.49M | $21.64M | $32.46M | $14.77M | $19.39M | $15.50M | - | $10.51M |
| Dividends Paid | $8.95M | $5.11M | $5.11M | $5.11M | $5.11M | $1.45M | - | - | - | - | - |
| Financing Cash Flow | $56.61M | $25.44M | $35.51M | $17.57M | $16.65M | $51.18M | $14.87M | $19.34M | $15.45M | $12.33M | $19.00M |
| Net Change in Cash | $-628.00K | $-6.07M | $12.79M | $-9.15M | $-6.07M | $12.43M | $-8.39M | $3.12M | $-472.00K | $858.00K | $9.48M |
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 | $4.15M | - | $11.23M | - |
| Cost of Revenue | $3.02M | - | $7.76M | - |
| Operating Expenses | $9.04M | - | $29.43M | - |
| Operating Income | $-4.90M | - | $-18.21M | - |
| Interest Expense | $2.17M | - | $6.18M | - |
| Income Before Tax | $-7.07M | - | $-24.39M | - |
| Net Income | $-7.07M | $-8.87M | $-24.39M | - |
| Basic EPS | -0.10 | - | -0.35 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.43M | $17.29M |
| Accounts Receivable | $3.65M | $4.59M |
| Inventory | $2.79M | $3.02M |
| Other Current Assets | $845.00K | $888.00K |
| Total Current Assets | $11.72M | $25.79M |
| Property Plant & Equipment | $93.67M | $88.36M |
| Goodwill | $5.71M | $5.71M |
| Other Non-current Assets | $10.24M | $10.33M |
| Total Assets | $128.01M | $134.49M |
| Accounts Payable | $1.59M | $2.26M |
| Accrued Liabilities | $5.59M | $8.00M |
| Deferred Revenue | $424.00K | $1.23M |
| Total Current Liabilities | $9.33M | $14.41M |
| Long-term Debt | $59.84M | $56.71M |
| Other Non-current Liabilities | $50.00K | $46.00K |
| Total Liabilities | $100.27M | $100.53M |
| Common Stock | $818.00K | $752.00K |
| Retained Earnings | $-682.44M | $-676.10M |
| Total Stockholders Equity | $27.73M | $33.96M |
| Total Liabilities & Equity | $128.01M | $134.49M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-7.07M | $-8.87M | $-24.39M | - |
| Stock-based Compensation | - | - | $3.82M | - |
| Change in Receivables | - | - | $-939.00K | - |
| Change in Inventory | - | - | $-225.00K | - |
| Change in Payables | - | - | $427.00K | - |
| Operating Cash Flow | - | - | $-12.01M | - |
| Capital Expenditure | - | - | $6.25M | - |
| Investing Cash Flow | - | - | $-11.25M | - |
| Debt Repayment | - | - | $99.00K | - |
| Stock Issued | - | - | $18.34M | - |
| Dividends Paid | - | - | $3.84M | - |
| Financing Cash Flow | - | - | $13.02M | - |
| Net Change in Cash | - | - | $-10.24M | - |
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.