$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) |
|---|---|---|---|---|
| Total Revenue | $26.23M | $9.65M | $1.53M | $2.78M |
| Revenue Growth % (YoY) | nan% | nan% | nan% | nan% |
| Cost of Revenue | $25.12M | $9.01M | $1.56M | $3.26M |
| Gross Profit | $1.11M | $637.50K | $-23.48K | $-483.39K |
| Gross Margin % | 4.2% | 6.6% | -1.5% | -17.4% |
| Operating Expenses | $25.05M | $18.17M | $9.09M | $7.24M |
| Research & Development | $4.89M | $5.97M | $2.23M | $1.63M |
| Operating Income | $-23.94M | $-17.53M | $-13.33M | $-12.42M |
| Operating Margin % | -91.3% | -181.7% | -868.9% | -447.2% |
| Interest Expense | - | - | $-14.63K | $-24.55K |
| Other Income/Expense | $45.23K | $441.77K | $-4.22M | $-4.69M |
| Income Before Tax | $-19.91M | $-15.32M | - | - |
| Income Tax Expense | $-251.56K | $694.56K | - | - |
| Net Income | $-19.66M | $-16.02M | $-13.33M | $-12.42M |
| Net Margin % | -74.9% | -166.0% | -868.9% | -447.2% |
| Basic EPS | nan | -0.16 | -0.15 | -0.27 |
| Diluted EPS | nan | -0.16 | -0.15 | -0.27 |
| 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) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $167.87M | $206.43M | $4.61M | $7.73M |
| Accounts Receivable | $26.16M | $6.11M | $1.12M | $681.77K |
| Inventory | $23.45M | $22.64M | $12.17M | $10.46M |
| Other Current Assets | $2.52M | $5.67M | $3.02M | $2.59M |
| Total Current Assets | $226.94M | $248.80M | $20.91M | $21.47M |
| Property Plant & Equipment | $7.80M | $2.63M | $1.97M | $2.14M |
| Goodwill | $17.67M | $17.67M | $22.96M | $9.00M |
| Intangible Assets | $6.92M | $7.29M | $3.44M | $3.62M |
| Other Non-current Assets | $1.23M | $1.19M | $309.82K | $293.13K |
| Total Assets | $273.68M | $286.02M | $51.09M | $37.96M |
| Accounts Payable | $3.62M | $2.97M | $1.59M | $2.08M |
| Short-term Debt | $350.00K | $350.00K | $356.96K | $599.57K |
| Accrued Liabilities | $5.09M | $6.19M | $1.43M | $1.30M |
| Deferred Revenue | $261.00K | $467.91K | $221.38K | $50.04K |
| Total Current Liabilities | $14.85M | $23.89M | $14.67M | $4.23M |
| 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 |
| Retained Earnings | $-196.82M | $-177.16M | $-106.88M | $-93.55M |
| Total Stockholders Equity | $245.83M | $253.27M | $27.03M | $32.46M |
| Total Liabilities & Equity | $273.68M | $286.02M | $51.09M | $37.96M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
|---|---|---|---|---|
| Net Income | $-19.66M | $-16.02M | $-25.75M | $-12.42M |
| Stock-based Compensation | - | $7.26M | - | - |
| Deferred Income Tax | $-251.56K | $694.56K | - | - |
| Change in Receivables | $20.05M | $5.62M | $3.39M | $3.68M |
| Change in Inventory | $809.89K | $9.69M | $-3.86M | $-2.46M |
| Change in Payables | $643.68K | $925.32K | $9.89K | $501.15K |
| Capital Expenditure | $5.40M | $1.25M | $123.79K | $99.96K |
| Debt Repayment | - | - | $394.61K | $152.00K |
| Net Change in Cash | - | - | $-1.46M | $1.67M |
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.