$4.46M
Revenue
$-4.03M
Net Income
5.61%
Gross Margin
-118.10%
Op. Margin
$-5.37M
Free Cash Flow
| Breakdown | TTM (Nov 30, 2025) |
FY 2025 (May 31, 2025) |
FY 2024 (May 31, 2024) |
FY 2023 (May 31, 2023) |
FY 2022 (May 31, 2022) |
FY 2020 (May 31, 2020) |
FY 2019 (May 31, 2019) |
FY 2018 (May 31, 2018) |
FY 2017 (May 31, 2017) |
FY 2015 (May 31, 2015) |
FY 2014 (May 31, 2014) |
FY 2013 (May 31, 2013) |
FY 2012 (May 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.46M | $5.31M | $5.42M | $5.34M | $18.87M | $6.69M | $5.20M | $5.56M | $5.79M | $4.96M | $5.12M | $6.47M | $6.08M |
| Revenue Growth % | -16.1% | -1.9% | 1.4% | -71.7% | 182.0% | 28.7% | -6.5% | -3.9% | 16.7% | -3.1% | -20.9% | 6.4% | nan% |
| Cost of Revenue | $4.21M | $4.81M | $4.80M | $4.89M | $15.89M | $4.91M | $3.91M | $3.81M | $3.77M | $3.42M | $3.45M | $4.05M | $3.78M |
| Gross Profit | $250.00K | $498.00K | $611.00K | $446.00K | $2.98M | $1.78M | $1.29M | $1.75M | $2.02M | $1.54M | $1.67M | $2.43M | $2.30M |
| Gross Margin % | 5.6% | 9.4% | 11.3% | 8.4% | 15.8% | 26.6% | 24.8% | 31.5% | 34.9% | 31.1% | 32.6% | 37.5% | 37.8% |
| Operating Expenses | $5.51M | $5.63M | $6.98M | $7.67M | $7.51M | $4.18M | $3.70M | $3.24M | $2.98M | $2.21M | $2.12M | $1.91M | $1.79M |
| Research & Development | $874.00K | $1.02M | $1.49M | $1.58M | $1.81M | $1.91M | $1.68M | $1.40M | $1.13M | $733.64K | $589.87K | $459.09K | $347.13K |
| Selling General & Admin | $4.64M | $4.61M | $5.49M | $6.08M | $5.70M | $2.27M | $2.03M | $1.84M | $1.85M | $1.48M | $1.53M | $1.45M | $1.45M |
| Operating Income | $-5.26M | $-5.14M | $-6.37M | $-7.22M | $-4.53M | $-2.40M | $-2.41M | $-1.48M | $-954.63K | $-670.60K | $-446.59K | $514.01K | $505.00K |
| Operating Margin % | -118.1% | -96.7% | -117.6% | -135.3% | -24.0% | -35.9% | -46.4% | -26.6% | -16.5% | -13.5% | -8.7% | 7.9% | 8.3% |
| Interest Expense | - | - | - | - | - | $9.00 | $47.00 | $37.00 | $282.00 | - | $142.00 | $302.00 | $1.58K |
| Other Income/Expense | $1.25M | $165.00K | $431.00K | $134.00K | $27.00K | $71.18K | $43.97K | $47.73K | - | $2.25K | $3.13K | $10.46K | $108.45K |
| Income Before Tax | $-4.02M | $-4.97M | $-5.94M | $-7.09M | $-4.51M | $-2.33M | $-2.37M | $-1.43M | $-908.56K | $-646.43K | $-426.42K | $524.46K | $613.45K |
| Income Tax Expense | $9.00K | $1.00K | $42.00K | $51.00K | $24.00K | $7.39K | $24.24K | $31.80K | - | $-315.02K | $-210.76K | $-12.49K | $65.01K |
| Net Income | $-4.03M | $-4.97M | $-5.98M | $-7.14M | $-4.53M | $-2.34M | $-2.39M | $-1.47M | $-908.56K | $-331.41K | $-215.66K | $536.96K | $548.43K |
| Net Margin % | -90.3% | -93.6% | -110.4% | -133.7% | -24.0% | -34.9% | -46.0% | -26.3% | -15.7% | -6.7% | -4.2% | 8.3% | 9.0% |
| Basic EPS | -2.49 | -2.16 | -0.36 | -0.50 | -0.36 | -0.23 | -0.26 | -0.17 | -0.11 | -0.04 | -0.03 | 0.08 | 0.08 |
| Diluted EPS | -2.49 | -2.16 | -0.36 | -0.50 | -0.36 | -0.23 | -0.26 | -0.17 | -0.11 | -0.04 | -0.03 | 0.07 | 0.08 |
| Basic Shares Outstanding | 2.9M | 2.3M | 16.8M | 14.2M | 12.7M | 10.2M | 9.2M | 8.6M | 8.3M | 7.6M | 7.4M | 7.0M | 6.9M |
| Diluted Shares Outstanding | 2.9M | 2.3M | 16.8M | 14.2M | 12.7M | 10.2M | 9.2M | 8.6M | 8.3M | 7.6M | 7.4M | 7.5M | 7.1M |
| Breakdown | FY 2025 (May 31, 2025) |
FY 2024 (May 31, 2024) |
FY 2023 (May 31, 2023) |
FY 2022 (May 31, 2022) |
FY 2020 (May 31, 2020) |
FY 2019 (May 31, 2019) |
FY 2018 (May 31, 2018) |
FY 2017 (May 31, 2017) |
FY 2015 (May 31, 2015) |
FY 2014 (May 31, 2014) |
FY 2013 (May 31, 2013) |
FY 2012 (May 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.40M | $4.17M | $9.72M | $5.92M | $8.64M | $686.78K | $1.20M | $1.23M | $1.09M | $1.51M | $2.47M | $1.08M |
| Accounts Receivable | $731.00K | $947.00K | $722.00K | $774.00K | $1.77M | $1.45M | $799.94K | $1.06M | $1.11M | $1.45M | $871.66K | $1.20M |
| Inventory | $1.49M | $2.38M | $2.06M | $2.42M | $2.85M | $2.15M | $2.18M | $1.73M | $2.03M | $1.77M | $1.57M | $1.82M |
| Other Current Assets | $255.00K | $238.00K | $300.00K | $320.00K | $1.51M | $202.40K | $300.41K | $195.76K | $164.35K | $103.57K | $196.68K | $210.70K |
| Total Current Assets | $4.88M | $7.73M | $12.80M | $9.43M | $14.77M | $4.49M | $4.48M | $4.21M | $4.47M | $4.91M | $5.25M | $4.49M |
| Property Plant & Equipment | $135.00K | $201.00K | $213.00K | $214.00K | $279.38K | $351.07K | $351.15K | $331.86K | $445.39K | $614.34K | $654.62K | $584.82K |
| Intangible Assets | $228.00K | $212.00K | $165.00K | $170.00K | $168.66K | $107.21K | $98.92K | $174.47K | $321.30K | $382.18K | $165.20K | $194.58K |
| Other Non-current Assets | $113.00K | $203.00K | $79.00K | $96.00K | $168.19K | $126.83K | $113.16K | $94.99K | $56.84K | $36.30K | $71.39K | $78.56K |
| Total Assets | $5.95M | $9.25M | $14.45M | $11.37M | $17.26M | $5.25M | $5.22M | $5.02M | $6.12M | $6.47M | $6.39M | $5.57M |
| Total Current Liabilities | $1.74M | $2.20M | $1.95M | $2.01M | $1.48M | $1.26M | $896.81K | $528.87K | $523.93K | $555.84K | $559.89K | $592.29K |
| Total Liabilities | $1.84M | $2.66M | $2.73M | $3.05M | $3.05M | $1.26M | - | - | - | - | - | - |
| Common Stock | $203.00K | $1.35M | $1.35M | $1.03M | $939.21K | $774.17K | $711.04K | $680.89K | $605.34K | $603.50K | $581.98K | $556.19K |
| Retained Earnings | $-53.17M | $-48.20M | $-42.22M | $-35.08M | $-21.93M | $-19.59M | $-17.19M | $-15.73M | $-13.32M | $-12.99M | $-12.77M | $-13.31M |
| Total Stockholders Equity | $4.11M | $6.59M | $11.72M | $8.32M | $14.21M | $3.98M | $4.33M | $4.49M | $5.60M | $5.91M | $5.83M | $4.98M |
| Total Liabilities & Equity | $5.95M | $9.25M | $14.45M | $11.37M | $17.26M | $5.25M | $5.22M | $5.02M | $6.12M | $6.47M | $6.39M | $5.57M |
| Breakdown | TTM (Nov 30, 2025) |
FY 2025 (May 31, 2025) |
FY 2024 (May 31, 2024) |
FY 2023 (May 31, 2023) |
FY 2022 (May 31, 2022) |
FY 2020 (May 31, 2020) |
FY 2019 (May 31, 2019) |
FY 2018 (May 31, 2018) |
FY 2017 (May 31, 2017) |
FY 2015 (May 31, 2015) |
FY 2014 (May 31, 2014) |
FY 2013 (May 31, 2013) |
FY 2012 (May 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-6.29M | $-4.97M | $-5.98M | $-7.14M | $-4.53M | $-2.34M | $-2.39M | $-1.47M | $-908.56K | $-331.41K | $-215.66K | $536.96K | $548.43K |
| Depreciation & Amortization | $147.00K | $87.00K | $81.00K | $84.00K | $339.00K | $129.17K | $162.91K | $186.60K | $219.22K | $253.28K | $207.03K | $216.71K | $180.12K |
| Stock-based Compensation | $843.00K | $460.00K | $837.00K | $1.19M | $1.26M | - | - | - | - | - | - | - | - |
| Change in Receivables | $588.00K | $-209.00K | $215.00K | $291.00K | $-1.36M | $309.09K | $670.13K | $-252.50K | $132.26K | $-348.67K | $490.32K | $-326.32K | $-534.43K |
| Change in Inventory | $-894.00K | $-882.00K | $115.00K | $-534.00K | $-1.56M | $717.46K | $-21.39K | $457.27K | $-150.47K | $243.38K | $158.96K | $-245.96K | $-27.71K |
| Operating Cash Flow | $-5.37M | $-3.84M | $-5.36M | $-5.47M | $-479.00K | $-4.30M | $-2.24M | $-1.17M | $-722.86K | $-405.48K | $-862.27K | $1.39M | $147.41K |
| Capital Expenditure | - | - | $51.00K | $64.00K | $57.00K | $33.61K | $101.14K | $130.35K | $96.08K | $10.50K | $137.23K | $257.12K | $164.80K |
| Investing Cash Flow | - | $-37.00K | $-115.00K | $-78.00K | $-170.00K | $-118.93K | $-171.11K | $-130.35K | $-96.08K | $-22.78K | $-282.53K | $-257.12K | $-113.17K |
| Stock Issued | $4.51M | $2.14M | - | $10.01M | $2.40M | $10.23M | $1.78M | $1.27M | - | - | $150.00K | $250.00K | - |
| Financing Cash Flow | $4.43M | $2.11M | $-81.00K | $9.39M | $2.39M | $12.37M | $1.91M | $1.29M | $157.73K | $9.56K | $185.28K | $258.51K | $55.40K |
| Net Change in Cash | $-972.00K | $-1.77M | $-5.55M | $3.80M | $1.72M | $7.95M | $-518.12K | $-20.56K | $-663.46K | $-420.82K | $-960.67K | $1.39M | $88.07K |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Nov 30, 2025
Condensed Consolidated Statements of Operations
| Description | Nov 30, 2025 | Nov 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.21M | - | $2.59M | - |
| Cost of Revenue | $1.16M | - | $2.11M | - |
| Gross Profit | $51.00K | - | $477.00K | - |
| Operating Expenses | $1.42M | - | $2.97M | - |
| Research & Development | $193.00K | - | $405.00K | - |
| Selling General & Admin | $1.23M | - | $2.56M | - |
| Operating Income | $-1.37M | - | $-2.49M | - |
| Other Income/Expense | $58.00K | - | $1.18M | - |
| Income Before Tax | $-1.31M | - | $-1.31M | - |
| Income Tax Expense | $5.00K | - | $9.00K | - |
| Net Income | $-1.32M | $-1.32M | $-1.32M | - |
| Basic EPS | -0.45 | - | -0.48 | - |
| Diluted EPS | -0.45 | - | -0.48 | - |
| Basic Shares Outstanding | $2.91M | - | $2.77M | - |
| Diluted Shares Outstanding | $2.91M | - | $2.77M | - |
Condensed Consolidated Balance Sheets
| Description | Nov 30, 2025 | May 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $2.54M | $2.40M |
| Accounts Receivable | $947.00K | $731.00K |
| Inventory | $1.52M | $1.49M |
| Other Current Assets | $177.00K | $255.00K |
| Total Current Assets | $5.19M | $4.88M |
| Property Plant & Equipment | $105.00K | $135.00K |
| Intangible Assets | $219.00K | $228.00K |
| Other Non-current Assets | $90.00K | $113.00K |
| Total Assets | $6.03M | $5.95M |
| Total Current Liabilities | $1.60M | $1.74M |
| Total Liabilities | $1.60M | $1.84M |
| Common Stock | $236.00K | $203.00K |
| Retained Earnings | $-54.49M | $-53.17M |
| Total Stockholders Equity | $4.43M | $4.11M |
| Total Liabilities & Equity | $6.03M | $5.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Nov 30, 2025 | Nov 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.32M | $-1.32M | $-1.32M | - |
| Depreciation & Amortization | - | - | $40.00K | - |
| Stock-based Compensation | - | - | $250.00K | - |
| Change in Receivables | - | - | $285.00K | - |
| Change in Inventory | - | - | $-2.00K | - |
| Operating Cash Flow | - | - | $-1.26M | - |
| Stock Issued | - | - | $1.43M | - |
| Financing Cash Flow | - | - | $1.40M | - |
| Net Change in Cash | - | - | $144.00K | - |
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.