$39.05M
Revenue
$-72.13M
Net Income
2.24%
Gross Margin
-172.33%
Op. Margin
-
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 (Apr 30, 2024) |
Q3 2024 (Jan 31, 2024) |
Q2 2024 (Oct 31, 2023) |
Q1 2024 (Jul 31, 2023) |
Q4 2023 (Apr 30, 2023) |
Q3 2023 (Jan 31, 2023) |
Q2 2023 (Oct 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $26.23M | $9.65M | $1.53M | $2.78M | $6.31M | $5.85M | $3.93M | $1.75M | $2.21M | $3.11M | $1.53M |
| Revenue Growth % (YoY) | 315.8% | 65.0% | -61.0% | 58.8% | 186.1% | 88.2% | 156.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $25.12M | $9.01M | $1.56M | $3.26M | $5.11M | $4.75M | $2.73M | $1.57M | $3.24M | $3.00M | $1.30M |
| Gross Profit | $1.11M | $637.50K | $-23.48K | $-483.39K | $1.20M | $1.10M | $1.20M | $174.66K | $-1.03M | $102.61K | $233.66K |
| Gross Margin % | 4.2% | 6.6% | -1.5% | -17.4% | 19.1% | 18.8% | 30.5% | 10.0% | -46.7% | 3.3% | 15.3% |
| Operating Expenses | $25.05M | $18.17M | $9.09M | $7.24M | $5.06M | $5.55M | $5.76M | $5.19M | $10.10M | $5.63M | $7.01M |
| Research & Development | $4.89M | $5.97M | $2.23M | $1.63M | $644.75K | $2.13M | $1.99M | $1.14M | $2.06M | $1.30M | $1.35M |
| Operating Income | $-23.94M | $-17.53M | $-13.33M | $-12.42M | $-7.51M | $-4.45M | - | - | $-11.36M | - | - |
| Operating Margin % | -91.3% | -181.7% | -868.9% | -447.2% | -119.0% | -76.0% | nan% | nan% | -515.2% | nan% | nan% |
| Interest Expense | - | - | $-14.63K | $-24.55K | $11.55K | $15.51K | $19.70K | $21.86K | $25.16K | $28.67K | $32.48K |
| Other Income/Expense | $45.23K | $441.77K | $-4.22M | $-4.69M | $-2.83M | $258.01K | - | $-554.74K | $-235.23K | $-140.20K | - |
| Income Before Tax | $-19.91M | $-15.32M | - | - | - | - | - | - | - | - | - |
| Income Tax Expense | $-251.56K | $694.56K | - | - | - | - | - | - | - | - | - |
| Net Income | $-19.66M | $-16.02M | $-13.33M | $-12.42M | $-7.07M | $-5.49M | $-5.68M | $-5.81M | $-11.37M | $-5.67M | $-6.24M |
| Net Margin % | -74.9% | -166.0% | -868.9% | -447.2% | -112.1% | -93.9% | -144.5% | -332.4% | -515.4% | -182.4% | -408.0% |
| Basic EPS | nan | -0.16 | -0.15 | -0.27 | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.16 | -0.15 | -0.27 | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 6.8M | 99.6M | 91.3M | 85.5M | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 6.8M | 99.6M | 91.3M | 85.5M | - | - | - | - | - | - | - |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Apr 30, 2024) |
Q3 2024 (Jan 31, 2024) |
Q2 2024 (Oct 31, 2023) |
Q1 2024 (Jul 31, 2023) |
Q4 2023 (Apr 30, 2023) |
Q3 2023 (Jan 31, 2023) |
Q2 2023 (Oct 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $167.87M | $206.43M | $4.61M | $7.73M | $6.07M | $7.70M | $1.41M | $937.76K | $3.26M | $3.89M | $1.58M |
| Accounts Receivable | $26.16M | $6.11M | $1.12M | $681.77K | $4.36M | $5.09M | $2.99M | $720.64K | $780.97K | $2.06M | $917.80K |
| Inventory | $23.45M | $22.64M | $12.17M | $10.46M | $8.01M | $9.09M | $9.26M | $9.38M | $11.99M | $9.29M | $6.56M |
| Other Current Assets | $2.52M | $5.67M | $3.02M | $2.59M | $3.96M | $2.80M | $2.84M | $3.02M | $3.33M | $4.55M | $4.45M |
| Total Current Assets | $226.94M | $248.80M | $20.91M | $21.47M | $22.40M | $27.94M | $23.26M | $26.52M | $32.18M | $40.53M | $44.82M |
| Property Plant & Equipment | $7.80M | $2.63M | $1.97M | $2.14M | $2.34M | $2.48M | $2.57M | $2.55M | $2.65M | $2.08M | $1.70M |
| Goodwill | $17.67M | $17.67M | $22.96M | $9.00M | $9.09M | $17.01M | $17.01M | $17.01M | $17.01M | $19.84M | $19.84M |
| Intangible Assets | $6.92M | $7.29M | $3.44M | $3.62M | $3.79M | $6.67M | $6.89M | $7.11M | $7.34M | $7.56M | $7.78M |
| Other Non-current Assets | $1.23M | $1.19M | $309.82K | $293.13K | $293.13K | $303.18K | $303.18K | $303.18K | $307.03K | $307.03K | $57.03K |
| Total Assets | $273.68M | $286.02M | $51.09M | $37.96M | $48.54M | $55.32M | $50.61M | $54.15M | $60.19M | $71.09M | $75.04M |
| Accounts Payable | $3.62M | $2.97M | $1.59M | $2.08M | $1.58M | $2.28M | $1.62M | $822.67K | $2.00M | $2.44M | $1.65M |
| Short-term Debt | $350.00K | $350.00K | $356.96K | $599.57K | $751.57K | $899.93K | $953.82K | $936.15K | $922.14K | $908.75K | $895.26K |
| Accrued Liabilities | $5.09M | $6.19M | $1.43M | $1.30M | $1.07M | $936.62K | $643.22K | $448.23K | $518.92K | $392.46K | $541.10K |
| Deferred Revenue | $261.00K | $467.91K | $221.38K | $50.04K | $53.94K | $52.30K | $61.80K | $45.12K | $400.67K | $219.15K | $123.31K |
| Total Current Liabilities | $14.85M | $23.89M | $14.67M | $4.23M | $3.65M | $5.23M | $4.41M | $3.58M | $4.76M | $5.14M | $4.52M |
| Long-term Debt | - | - | - | - | - | - | $90.76K | $249.57K | $401.57K | $549.93K | $694.58K |
| Deferred Tax Liabilities | $443.00K | $694.56K | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $27.84M | $32.75M | $24.06M | $30.74M | - | - | - | - | - | - | - |
| Common Stock | $120.00K | $118.16K | $78.03K | $74.89K | $74.29K | $74.17K | $55.65K | $55.54K | $54.57K | $54.38K | $54.23K |
| Retained Earnings | $-196.82M | $-177.16M | $-106.88M | $-93.55M | $-81.13M | $-71.57M | $-66.08M | $-60.40M | $-54.59M | $-43.22M | $-37.56M |
| Total Stockholders Equity | $245.83M | $253.27M | $27.03M | $32.46M | $43.56M | $49.57M | $45.87M | $49.99M | $54.61M | $64.89M | $69.23M |
| Total Liabilities & Equity | $273.68M | $286.02M | $51.09M | $37.96M | $48.54M | $55.32M | $50.61M | $54.15M | $60.19M | $71.09M | $75.04M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Apr 30, 2024) |
Q3 2024 (Jan 31, 2024) |
Q2 2024 (Oct 31, 2023) |
Q1 2024 (Jul 31, 2023) |
Q4 2023 (Apr 30, 2023) |
Q3 2023 (Jan 31, 2023) |
Q2 2023 (Oct 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-19.66M | $-16.02M | $-25.75M | $-12.42M | $-7.07M | $-5.49M | $-5.68M | $-5.81M | $-11.37M | $-5.67M | $-6.24M |
| Stock-based Compensation | - | $7.26M | - | - | - | $585.77K | $2.11M | $911.61K | $865.77K | $788.69K | $1.25M |
| Deferred Income Tax | $-251.56K | $694.56K | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $20.05M | $5.62M | $3.39M | $3.68M | $730.63K | $-4.37M | $-2.27M | $-780.00 | $1.28M | $-1.57M | $-422.30K |
| Change in Inventory | $809.89K | $9.69M | $-3.86M | $-2.46M | $1.09M | $-172.70K | $-335.12K | $-455.87K | $-2.69M | $-5.40M | $-2.66M |
| Change in Payables | $643.68K | $925.32K | $9.89K | $501.15K | $-701.45K | $889.32K | $225.80K | $-569.88K | $-445.54K | $1.43M | $630.59K |
| Operating Cash Flow | - | - | - | - | - | $-15.35M | $-11.24M | $-6.93M | $-7.80M | $-21.39M | $-13.53M |
| Capital Expenditure | $5.40M | $1.25M | $123.79K | $99.96K | $74.61K | $184.53K | $139.86K | $5.05K | $714.33K | $1.74M | $1.28M |
| Investing Cash Flow | - | - | - | - | - | $12.64M | $10.07M | $4.88M | $7.29M | $22.30M | $11.96M |
| Debt Repayment | - | - | $394.61K | $152.00K | $148.37K | $423.77K | $279.13K | $137.99K | $134.97K | $471.92K | $340.77K |
| Stock Issued | - | - | - | - | $804.40K | $8.40M | - | - | - | - | - |
| Financing Cash Flow | - | - | - | - | - | $7.96M | $-286.21K | $-146.51K | $-122.30K | $-1.09M | $-928.83K |
| Net Change in Cash | - | - | $-1.46M | $1.67M | $-1.76M | $4.56M | $-1.85M | $-2.31M | $-632.86K | $-191.65K | $-2.50M |
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 | $9.65M | - | $14.49M | - |
| Cost of Revenue | $9.01M | - | $14.33M | - |
| Gross Profit | $637.50K | - | $162.15K | - |
| Operating Expenses | $18.17M | - | $42.82M | - |
| Research & Development | $5.97M | - | $13.00M | - |
| Operating Income | $-17.53M | - | $-42.66M | - |
| Interest Expense | - | - | - | - |
| Other Income/Expense | $441.77K | - | $441.77K | - |
| Income Before Tax | $-15.32M | - | $-51.72M | - |
| Income Tax Expense | $694.56K | - | $694.56K | - |
| Net Income | $-16.02M | $-8.16M | $-52.42M | - |
| Basic EPS | -0.16 | - | -0.57 | - |
| Diluted EPS | -0.16 | - | -0.57 | - |
| Basic Shares Outstanding | $99.58M | - | $92.13M | - |
| Diluted Shares Outstanding | $99.58M | - | $92.13M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $206.43M | $9.15M |
| Accounts Receivable | $6.11M | $489.32K |
| Inventory | $22.64M | $12.95M |
| Other Current Assets | $5.67M | $2.56M |
| Total Current Assets | $248.80M | $25.80M |
| Property Plant & Equipment | $2.63M | $1.88M |
| Goodwill | $17.67M | $17.67M |
| Intangible Assets | $7.29M | $8.45M |
| Other Non-current Assets | $1.19M | $309.82K |
| Total Assets | $286.02M | $55.60M |
| Accounts Payable | $2.97M | $2.05M |
| Short-term Debt | $350.00K | $350.00K |
| Accrued Liabilities | $6.19M | $1.24M |
| Deferred Revenue | $467.91K | $227.48K |
| Total Current Liabilities | $23.89M | $4.18M |
| Deferred Tax Liabilities | $694.56K | - |
| Total Liabilities | $32.75M | $5.48M |
| Common Stock | $118.16K | $85.22K |
| Retained Earnings | $-177.16M | $-124.74M |
| Total Stockholders Equity | $253.27M | $50.12M |
| Total Liabilities & Equity | $286.02M | $55.60M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-16.02M | $-8.16M | $-52.42M | - |
| Stock-based Compensation | - | - | $7.26M | - |
| Deferred Income Tax | - | - | $694.56K | - |
| Change in Receivables | - | - | $5.62M | - |
| Change in Inventory | - | - | $9.69M | - |
| Change in Payables | - | - | $925.32K | - |
| Capital Expenditure | - | - | $1.25M | - |
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.