$16.31M
Revenue
$-34.15M
Net Income
31.57%
Gross Margin
-156.92%
Op. Margin
$-42.24M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $5.08M | $4.15M | $4.13M | $2.95M | $4.75M | $3.22M | $513.00K | $1.12M | $684.00K | $368.00K | $809.00K | $130.00K | $574.00K | $599.00K |
| Revenue Growth % (YoY) | 7.0% | 28.7% | 704.3% | 163.5% | 594.4% | 776.1% | -36.6% | 762.3% | 19.2% | -38.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $3.40M | $3.02M | $2.67M | $2.08M | $3.03M | $2.41M | $852.00K | $1.00M | $1.41M | $692.00K | $768.00K | - | $904.00K | $1.16M |
| Gross Profit | $1.68M | $1.13M | $1.46M | $876.00K | $1.72M | $815.00K | $-339.00K | $117.00K | $-721.00K | $-324.00K | $41.00K | - | $-330.00K | $-564.00K |
| Gross Margin % | 33.0% | 27.3% | 35.4% | 29.7% | 36.1% | 25.3% | -66.1% | 10.4% | -105.4% | -88.0% | 5.1% | nan% | -57.5% | -94.2% |
| Operating Expenses | $12.48M | $9.04M | $9.90M | $10.49M | $11.38M | $7.99M | $7.46M | $6.03M | $6.13M | $6.13M | $6.39M | $4.28M | $5.52M | $5.04M |
| Operating Income | $-7.39M | $-4.90M | $-5.78M | $-7.53M | $-6.62M | $-4.77M | $-6.95M | $-4.91M | $-5.45M | $-5.76M | $-5.58M | $-4.15M | $-4.94M | $-4.44M |
| Operating Margin % | -145.4% | -118.0% | -140.0% | -255.0% | -139.5% | -147.9% | -1354.6% | -437.8% | -796.1% | -1564.9% | -690.2% | -3193.8% | -861.0% | -741.9% |
| Interest Expense | $2.40M | $2.17M | $1.95M | $2.06M | $2.00M | $2.02M | $1.92M | $1.94M | $1.31M | $1.17M | $1.34M | $1.50M | $2.12M | $2.10M |
| Income Before Tax | $-9.75M | $-7.07M | $-7.73M | $-9.59M | $-8.62M | $-6.79M | $-8.87M | $-6.85M | $-6.75M | $-6.93M | $-7.06M | $-10.69M | $-7.06M | $-6.54M |
| Income Tax Expense | - | - | - | - | $3.00K | $3.00K | $2.00K | $3.00K | $3.00K | $4.00K | $2.00K | $2.00K | $2.00K | $2.00K |
| Net Income | $-9.76M | $-7.07M | $-7.73M | $-9.59M | $-8.62M | $-6.79M | $-8.87M | $-6.85M | $-6.75M | $-6.94M | $-7.06M | $-10.69M | $-6.85M | $-6.54M |
| Net Margin % | -191.9% | -170.5% | -187.3% | -324.7% | -181.6% | -210.7% | -1729.4% | -611.1% | -987.6% | -1884.8% | -873.2% | -8223.8% | -1193.7% | -1092.7% |
| Basic EPS | nan | -0.10 | -0.11 | -0.14 | -0.14 | -0.12 | -0.15 | -0.12 | -0.12 | -0.12 | -0.13 | -0.19 | -0.15 | -0.15 |
| Basic Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 50.8M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.60M | $4.43M | $13.21M | $21.57M | $17.29M | $3.33M | $10.10M | $19.21M | $4.50M | $13.31M | $19.24M | $26.28M | $10.00M | $6.96M |
| Accounts Receivable | $5.61M | $3.65M | $4.09M | $4.97M | $4.59M | $3.24M | $1.62M | $1.58M | $904.00K | $410.00K | $880.00K | $225.00K | $454.00K | $546.00K |
| Inventory | $1.14M | $2.79M | $3.01M | $3.05M | $3.02M | $4.35M | $4.50M | $2.76M | $2.11M | $2.13M | $1.17M | - | $316.00K | $335.00K |
| Other Current Assets | $701.00K | $845.00K | $733.00K | $1.00M | $888.00K | $1.09M | $1.01M | $993.00K | $508.00K | $782.00K | $613.00K | $1.69M | $696.00K | $814.00K |
| Total Current Assets | $16.05M | $11.72M | $21.04M | $30.59M | $25.79M | $12.01M | $17.22M | $24.54M | $8.02M | $16.63M | $23.18M | $29.46M | $12.44M | $9.92M |
| Property Plant & Equipment | $95.38M | $93.67M | $92.61M | $92.11M | $88.36M | $86.76M | $87.03M | $87.05M | $87.22M | $85.54M | $85.44M | $85.20M | $84.14M | $80.77M |
| Goodwill | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | $3.81M |
| Other Non-current Assets | $17.19M | $10.24M | $10.27M | $10.33M | $10.33M | $5.33M | $5.37M | $5.40M | $5.44M | $5.56M | $5.47M | $5.00M | $5.03M | $4.51M |
| Total Assets | $140.91M | $128.01M | $136.38M | $145.58M | $134.49M | $112.55M | $118.11M | $125.51M | $107.37M | $114.45M | $120.86M | $127.55M | $110.79M | $104.12M |
| Accounts Payable | $3.78M | $1.59M | $2.32M | $2.11M | $2.26M | $1.79M | $1.90M | $2.70M | $1.25M | $1.63M | $1.16M | $1.40M | $1.11M | $462.00K |
| Accrued Liabilities | $2.37M | $5.59M | $4.52M | $7.03M | $8.00M | $1.99M | $2.31M | $2.11M | $1.17M | $1.18M | $1.62M | $1.07M | $1.54M | $907.00K |
| Deferred Revenue | $305.00K | $424.00K | $3.00M | $1.95M | $1.23M | $2.03M | $1.84M | $723.00K | $373.00K | $93.00K | - | - | - | - |
| Total Current Liabilities | $13.19M | $9.33M | $11.59M | $13.99M | $14.41M | $8.85M | $9.12M | $8.57M | $5.83M | $5.93M | $5.77M | $5.43M | $5.64M | $2.78M |
| Long-term Debt | $78.31M | $59.84M | $58.75M | $57.71M | $56.71M | $55.70M | $54.72M | $54.23M | $37.71M | $37.39M | $36.92M | $36.62M | $48.95M | $48.35M |
| Other Non-current Liabilities | $51.00K | $50.00K | $48.00K | $47.00K | $46.00K | $44.00K | $43.00K | $42.00K | $41.00K | $39.00K | $38.00K | $37.00K | $36.00K | $35.00K |
| Total Liabilities | $117.66M | $100.27M | $100.81M | $101.54M | $100.53M | $91.85M | $90.54M | $88.90M | $67.41M | $66.80M | $68.22M | $66.72M | $76.56M | $72.18M |
| Common Stock | $830.00K | $818.00K | $817.00K | $816.00K | $752.00K | $679.00K | $676.00K | $671.00K | $665.00K | $664.00K | $664.00K | $663.00K | $556.00K | $506.00K |
| Retained Earnings | $-692.19M | $-682.44M | $-675.36M | $-686.95M | $-676.10M | $-666.18M | $-658.12M | $-647.97M | $-639.85M | $-631.81M | $-623.61M | $-615.25M | $-603.30M | $-595.16M |
| Total Stockholders Equity | $23.26M | $27.73M | $35.57M | $44.03M | $33.96M | $20.70M | $27.57M | $36.61M | $39.97M | $47.66M | $52.63M | $60.82M | $34.22M | $31.94M |
| Total Liabilities & Equity | $140.91M | $128.01M | $136.38M | $145.58M | $134.49M | $112.55M | $118.11M | $125.51M | $107.37M | $114.45M | $120.86M | $127.55M | $110.79M | $104.12M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-9.76M | $-7.07M | $-7.73M | $-9.59M | $-8.62M | $-6.79M | $-15.72M | $-6.85M | $-6.75M | $-6.94M | $-17.75M | $-10.69M | $-6.85M | $-6.54M |
| Stock-based Compensation | $1.48M | $3.82M | $3.32M | $2.77M | $1.04M | $3.57M | $2.38M | $1.26M | $354.00K | $1.14M | $489.00K | $326.00K | $528.00K | $1.35M |
| Change in Receivables | $1.96M | $-939.00K | $-496.00K | $382.00K | $1.34M | $2.34M | $715.00K | $677.00K | $494.00K | $-44.00K | $426.00K | $-229.00K | $-92.00K | $276.00K |
| Change in Inventory | $-1.66M | $-225.00K | $-9.00K | $32.00K | $-1.33M | $2.24M | $2.39M | $650.00K | $-22.00K | $1.81M | $849.00K | - | $-99.00K | $335.00K |
| Change in Payables | $338.00K | $427.00K | $1.14M | $1.02M | $-956.00K | $564.00K | $670.00K | $1.49M | $-375.00K | $1.31M | $816.00K | $523.00K | $-140.00K | $253.00K |
| Operating Cash Flow | $-6.92M | $-12.01M | $-5.00M | $-3.64M | $-6.21M | $-15.32M | $-9.94M | $-2.87M | $-5.52M | $-15.40M | $-9.87M | $-4.07M | $-5.22M | $-13.37M |
| Capital Expenditure | $1.33M | $6.25M | $5.80M | $1.29M | $412.00K | $522.00K | $467.00K | $186.00K | $1.97M | $3.81M | $3.21M | $2.21M | $944.00K | $2.43M |
| Investing Cash Flow | $-1.33M | $-11.25M | $-10.80M | $-6.29M | $-662.00K | $-522.00K | $-467.00K | $-186.00K | $-1.97M | $-3.81M | $-3.21M | $-2.21M | $-1.59M | $-2.53M |
| Debt Repayment | $28.00K | $99.00K | $72.00K | $40.00K | $32.00K | $145.00K | $98.00K | $52.00K | $45.00K | $15.12M | $15.09M | $15.05M | $53.00K | $117.00K |
| Stock Issued | - | $18.34M | $18.34M | $18.34M | $22.14M | - | - | - | - | - | - | - | $9.89M | $11.74M |
| Dividends Paid | $1.26M | $3.84M | $2.55M | $1.29M | $1.26M | $3.84M | $2.55M | $1.29M | $1.26M | $3.84M | $2.55M | $1.29M | $1.26M | $3.84M |
| Financing Cash Flow | $12.41M | $13.02M | $14.34M | $16.84M | $20.84M | $14.67M | $16.00M | $17.77M | $-1.31M | $18.88M | $19.96M | $21.27M | $8.59M | $8.06M |
| Net Change in Cash | $4.17M | $-10.24M | $-1.46M | $6.90M | $13.97M | $-1.18M | $5.60M | $14.71M | $-8.80M | $-342.00K | $6.88M | $14.99M | $1.77M | $-7.85M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.