$39.05M
Revenue
$-72.13M
Net Income
2.24%
Gross Margin
-172.33%
Op. Margin
-
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Apr 30, 2024) |
FY 2023 (Apr 30, 2023) |
FY 2021 (Apr 30, 2021) |
FY 2020 (Apr 30, 2020) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $39.05M | $40.73M | $17.84M | $9.91M | $5.00M | $403.94K | $105.13K | $933.00 | $203.64K | $59.40K | $42.09K | $8.47K | $633.00 | $7.60K |
| Revenue Growth % | -4.1% | 128.3% | 80.0% | 98.3% | 1137.7% | 284.2% | 11167.8% | -99.5% | 242.8% | 41.1% | 397.2% | 1237.6% | -91.7% | nan% |
| Cost of Revenue | $38.17M | $39.45M | $14.16M | $10.25M | $3.93M | $325.38K | - | $280.00 | - | $49.77K | $20.08K | - | - | - |
| Gross Profit | $875.47K | $1.27M | $3.68M | $-336.80K | $1.07M | $78.56K | $-246.71K | $653.00 | $203.64K | $9.63K | $22.01K | $8.47K | $7.27K | $7.60K |
| Gross Margin % | 2.2% | 3.1% | 20.6% | -3.4% | 21.4% | 19.4% | -234.7% | 70.0% | 100.0% | 16.2% | 52.3% | 100.0% | 1149.0% | 100.0% |
| Operating Expenses | $63.94M | $67.87M | $21.56M | $26.79M | $5.95M | $1.74M | $1.83M | $2.69M | $1.66M | $248.67K | $417.00K | $36.54K | $130.84K | - |
| Research & Development | $16.52M | $17.89M | $5.90M | $5.25M | $516.08K | $488.99K | - | $993.93K | $860.53K | - | - | - | - | - |
| Selling General & Admin | - | - | - | - | - | - | - | - | - | - | - | - | $230.39K | $53.78K |
| Operating Income | $-67.29M | $-66.60M | $-21.53M | $-26.38M | - | $-1.66M | $-2.08M | $-2.69M | $-1.45M | $-239.04K | $-394.99K | $-28.08K | $-130.20K | $-84.74K |
| Operating Margin % | -172.3% | -163.5% | -120.7% | -266.1% | nan% | -410.7% | -1979.0% | -288121.2% | -713.2% | -402.4% | -938.4% | -331.6% | -20569.2% | -1114.9% |
| Interest Expense | - | - | $68.61K | $122.00K | $1.22M | $29.19K | - | $697.00 | $1.31K | $104.81K | $4.36K | - | $9.49K | $38.58K |
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | $10.00K | - | - |
| Other Income/Expense | - | $487.00K | $-3.65M | $39.32K | $-8.36M | $57.22K | $-1.23M | $3.82M | $-1.92M | $-3.31M | $-6.97M | - | - | - |
| Income Before Tax | - | $-71.63M | $-21.53M | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax Expense | - | $443.00K | - | - | - | - | - | - | - | - | - | $9.45K | $1.65K | - |
| Net Income | $-72.13M | $-72.08M | $-24.05M | $-27.09M | $-13.24M | $-1.60M | $-2.64M | $1.13M | $-3.38M | $-3.55M | $-7.36M | $158.39K | $851.93K | $-84.74K |
| Net Margin % | -184.7% | -177.0% | -134.9% | -273.3% | -264.7% | -396.6% | -2514.4% | 120989.0% | -1658.2% | -5972.0% | -17485.2% | 1870.7% | 134585.8% | -1114.9% |
| Basic EPS | nan | -0.73 | -0.40 | nan | nan | nan | -0.02 | 0.02 | -0.12 | -0.16 | -6.48 | 0.00 | 0.01 | -0.00 |
| Diluted EPS | nan | -0.73 | -0.40 | nan | nan | nan | -0.02 | 0.02 | -0.12 | -0.15 | -0.08 | 0.14 | nan | nan |
| Basic Shares Outstanding | 6.8M | 99.0M | 60.1M | - | - | - | 196.8M | 46.4M | 42.0M | 21.9M | 1.1M | 1.1M | - | - |
| Diluted Shares Outstanding | 6.8M | 99.0M | 60.1M | - | - | - | 196.8M | 69.7M | 42.0M | 21.9M | 92.9M | 1.1M | - | 144.1M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Apr 30, 2024) |
FY 2023 (Apr 30, 2023) |
FY 2021 (Apr 30, 2021) |
FY 2020 (Apr 30, 2020) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $167.87M | $6.07M | $3.26M | $277.35K | $236.67K | $5.79K | $559.24K | $225.38K | $3.17K | $923.00 | $7.04K | $94.64K | $11.96K |
| Accounts Receivable | $26.16M | $4.36M | $780.97K | $321.69K | - | $938.00 | $38.00 | - | $624.00 | $624.00 | - | - | - |
| Inventory | $23.45M | $8.01M | $11.99M | $362.07K | $78.65K | - | - | - | - | - | - | $37.90K | - |
| Other Current Assets | $2.52M | $3.96M | $3.33M | $678.90K | $3.02K | - | - | - | - | - | - | - | - |
| Total Current Assets | $226.94M | $22.40M | $32.18M | $1.64M | $318.34K | $170.71K | $690.52K | $499.78K | $7.27K | $1.55K | $142.04K | $94.64K | $11.96K |
| Property Plant & Equipment | $7.80M | $2.34M | $2.65M | - | - | $91.68K | $26.13K | $38.73K | $21.77K | $231.05K | - | - | - |
| Goodwill | $17.67M | $9.09M | $17.01M | $8.02M | $2.47M | - | - | - | - | $256.00K | - | - | - |
| Intangible Assets | $6.92M | $3.79M | $7.34M | $2.03M | $20.00K | - | - | - | $100.00K | $1.09M | - | - | - |
| Other Non-current Assets | $1.23M | $293.13K | $307.03K | $3.85K | $3.85K | - | - | - | - | - | - | $5.68K | - |
| Total Assets | $273.68M | $48.54M | $60.19M | $11.69M | $2.81M | $262.39K | $750.15K | $583.39K | $129.04K | $1.57M | $307.05K | $219.64K | $36.92K |
| Accounts Payable | $3.62M | $1.58M | $2.00M | - | - | - | - | - | - | - | - | - | $48.05K |
| Short-term Debt | $350.00K | $751.57K | $922.14K | - | - | - | $57.40K | - | - | - | - | - | - |
| Accrued Liabilities | $5.09M | $1.07M | $518.92K | $614.05K | $89.34K | $494.96K | $321.82K | - | - | - | - | - | - |
| Deferred Revenue | $261.00K | $53.94K | $400.67K | $46.10K | $38.42K | - | - | - | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - | - | - | - | - | $31.10K | - | - | - |
| Total Current Liabilities | $14.85M | $3.65M | $4.76M | $4.67M | $829.27K | $2.69M | $2.41M | $34.45K | $312.75K | $308.58K | $27.70K | $98.69K | $1.08M |
| Long-term Debt | - | - | $401.57K | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $443.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $27.84M | - | - | - | - | $2.77M | $2.61M | $4.43M | $312.75K | $308.58K | $27.70K | $98.69K | $1.08M |
| Common Stock | $120.00K | $74.29K | $54.57K | $29.43K | $20.01K | $235.46K | $47.27K | $44.52K | $22.79K | $1.51K | - | $167.10K | $144.42K |
| Retained Earnings | $-196.82M | $-81.13M | $-54.59M | $-15.81M | $-2.57M | $-5.38M | $-2.74M | $-3.87M | $-24.94M | $-21.39M | $-14.03M | $-14.19M | - |
| Treasury Stock | - | - | - | - | - | - | - | - | - | $45.32K | - | - | - |
| Total Stockholders Equity | $245.83M | $43.56M | $54.61M | $5.27M | $1.53M | $-2.51M | $-3.36M | $-5.34M | $-183.71K | $1.27M | $279.34K | $120.95K | $-1.05M |
| Total Liabilities & Equity | $273.68M | $48.54M | $60.19M | $11.69M | $2.81M | $262.39K | $750.15K | $583.39K | $129.04K | $1.57M | $307.05K | $219.64K | $36.92K |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Apr 30, 2024) |
FY 2023 (Apr 30, 2023) |
FY 2021 (Apr 30, 2021) |
FY 2020 (Apr 30, 2020) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-84.55M | $-72.08M | $-24.05M | $-27.09M | $-13.24M | $-1.60M | $-2.64M | $1.13M | $-3.38M | $-3.55M | $-7.36M | $158.39K | $851.93K | $-84.74K |
| Depreciation & Amortization | - | $2.27M | $1.42M | - | - | - | - | $12.61K | $12.30K | - | - | - | - | - |
| Stock-based Compensation | - | - | - | $3.66M | $3.39M | $269.89K | - | - | - | - | $119.53K | - | - | - |
| Deferred Income Tax | - | $443.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $30.13M | $25.67M | $-3.64M | $-285.46K | $-72.53K | - | $-938.00 | $-38.00 | - | - | $624.00 | - | - | - |
| Change in Inventory | $7.54M | $10.50M | $913.34K | $-8.09M | $-60.04K | $48.76K | - | - | - | - | - | - | - | - |
| Change in Payables | $1.05M | $1.57M | $187.87K | $980.67K | $13.82K | $68.07K | - | - | - | - | - | - | $-60.57K | $5.20K |
| Operating Cash Flow | - | - | - | $-29.20M | $-1.40M | $-811.58K | $-943.64K | $-1.35M | $-1.59M | $-112.54K | $-216.67K | $105.04K | $-314.41K | $-59.52K |
| Capital Expenditure | $7.04M | $6.65M | $259.14K | $2.45M | - | - | $974.30K | - | $8.74K | - | - | - | - | - |
| Acquisitions | - | - | - | - | $48.37K | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | - | - | - | $29.59M | $-48.37K | $46.33K | $-849.81K | - | $-8.32K | - | - | - | $952.28K | - |
| Debt Repayment | - | - | $572.14K | $606.90K | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | - | $249.25M | $9.20M | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | - | - | - | $-1.22M | $1.49M | $498.49K | $1.24M | $1.69M | $1.82M | $118.27K | $210.54K | $-192.63K | $-555.19K | $30.00K |
| Net Change in Cash | - | - | $2.81M | $-824.51K | $40.68K | $-266.77K | $-553.45K | $333.86K | $222.21K | - | - | $-87.60K | $82.69K | - |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.