$20.76M
Revenue
$-24.88M
Net Income
-
Gross Margin
-69.54%
Op. Margin
$-10.34M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $20.76M | $20.76M | $19.10M | $30.26M | $47.31M | $17.41M |
| Revenue Growth % | 0.0% | 8.7% | -36.9% | -36.0% | 171.7% | nan% |
| Operating Expenses | $35.19M | $35.19M | $61.69M | $51.72M | $90.99M | $28.16M |
| Research & Development | - | $340.00K | $278.00K | - | - | - |
| Selling General & Admin | $12.27M | $12.27M | $38.15M | $25.07M | $53.53M | $15.87M |
| Operating Income | $-14.44M | $-14.43M | $-42.60M | $-21.46M | $-43.69M | $-10.75M |
| Operating Margin % | -69.5% | -69.5% | -223.1% | -70.9% | -92.3% | -61.7% |
| Interest Expense | $266.00K | $266.00K | $283.00K | $553.00K | $2.91M | - |
| Interest Income | $20.00K | $19.00K | $238.00K | $1.29M | $629.00K | - |
| Other Income/Expense | - | $11.00K | $218.00K | $532.00K | $3.60M | $1.00K |
| Income Before Tax | $-27.53M | $-27.49M | $-53.70M | $-97.50M | $-69.49M | $1.31M |
| Income Tax Expense | - | - | $8.00K | $4.00K | $172.00K | $1.77M |
| Net Income | $-24.88M | $-23.93M | $-46.90M | $-80.61M | $-59.84M | $1.42M |
| Net Margin % | -119.8% | -115.3% | -245.6% | -266.4% | -126.5% | 8.1% |
| Basic EPS | nan | nan | -6.63 | -11.52 | -0.54 | nan |
| Diluted EPS | nan | nan | -6.63 | -11.52 | -0.54 | nan |
| Basic Shares Outstanding | 34K | 9.0M | 7.1M | 7.0M | 111.6M | 3.5M |
| Diluted Shares Outstanding | 34K | 9.0M | 7.7M | 7.0M | 111.6M | 6.0M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.21M | $11.43M | $6.62M | $19.29M | $5.23M |
| Short-term Investments | $2.69M | $2.88M | - | - | - |
| Accounts Receivable | $2.25M | $3.07M | $3.99M | $7.56M | $3.91M |
| Inventory | $2.00M | $2.44M | $2.82M | $7.72M | $1.96M |
| Other Current Assets | $649.00K | $1.14M | $839.00K | $1.70M | $1.36M |
| Total Current Assets | $14.35M | $66.69M | $74.63M | $47.99M | $12.45M |
| Property Plant & Equipment | $4.82M | $5.38M | $6.42M | $13.39M | $4.15M |
| Goodwill | $1.77M | $1.77M | $26.86M | $60.92M | $26.86M |
| Intangible Assets | $17.03M | $18.89M | - | - | - |
| Long-term Investments | $6.52M | $6.33M | $9.98M | $27.31M | $9.14M |
| Other Non-current Assets | $71.00K | $162.00K | $97.00K | $2.70M | $384.00K |
| Total Assets | $67.63M | $106.45M | $153.19M | $248.92M | $91.92M |
| Accounts Payable | $2.60M | $2.79M | $3.65M | $5.91M | $1.48M |
| Accrued Liabilities | $7.16M | $5.01M | - | - | - |
| Other Current Liabilities | $4.37M | $4.19M | $983.00K | $447.00K | $1.44M |
| Total Current Liabilities | $47.50M | $65.03M | $55.61M | $73.69M | $8.87M |
| Long-term Debt | $44.72M | $2.40M | $7.45M | $10.18M | $1.98M |
| Deferred Tax Liabilities | - | - | - | $38.00K | $3.50M |
| Other Non-current Liabilities | - | - | - | $507.00K | $507.00K |
| Total Liabilities | $58.91M | $73.74M | - | - | - |
| Common Stock | $182.00K | $161.00K | $140.00K | $2.78M | $116.00K |
| Retained Earnings | $-327.00M | $-303.07M | $-256.18M | $-194.34M | $-101.38M |
| Total Stockholders Equity | $-832.00K | $19.94M | $63.93M | $125.56M | $76.55M |
| Total Liabilities & Equity | $67.63M | $106.45M | $153.19M | $248.92M | $91.92M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-24.88M | $-23.93M | $-46.90M | $-80.61M | $-59.84M | $1.42M |
| Depreciation & Amortization | $4.47M | $2.89M | $2.24M | $5.21M | $12.93M | $1.08M |
| Stock-based Compensation | $19.00K | $13.00K | $19.00K | - | $4.00K | $188.00K |
| Deferred Income Tax | - | - | - | - | $38.00K | - |
| Change in Receivables | $-1.38M | $-558.00K | $-1.14M | $-1.32M | $1.89M | $309.00K |
| Change in Inventory | $-36.00K | $-152.00K | $-377.00K | $-5.48M | $-540.00K | $705.00K |
| Change in Payables | $-845.00K | $-196.00K | $-861.00K | $-2.26M | $3.99M | $-201.00K |
| Operating Cash Flow | $-10.34M | $-9.13M | $-8.76M | $-19.19M | $-26.95M | - |
| Capital Expenditure | - | - | $133.00K | $818.00K | $2.29M | $325.00K |
| Acquisitions | - | - | - | - | $1.88M | - |
| Purchases of Investments | - | - | - | - | $14.88M | $9.79M |
| Investing Cash Flow | $41.08M | $18.07M | $12.14M | $8.94M | $-17.97M | - |
| Debt Repayment | $36.25M | $17.81M | $2.63M | $4.25M | $3.50M | - |
| Stock Issued | - | - | $3.19M | - | $1.52M | $20.20M |
| Financing Cash Flow | $-38.27M | $-14.06M | $1.44M | $-2.42M | $7.62M | - |
| Net Change in Cash | - | - | - | - | $-37.30M | $4.13M |
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 | $6.39M | $5.60M | $16.63M | $13.68M |
| Operating Expenses | $9.63M | $10.27M | $27.01M | $27.97M |
| Selling General & Admin | $3.56M | $3.67M | $10.26M | $10.70M |
| Operating Income | $-3.23M | $-4.67M | $-10.38M | $-14.29M |
| Interest Expense | $38.00K | $53.00K | $194.00K | $242.00K |
| Interest Income | $9.00K | $28.00K | $42.00K | $331.00K |
| Other Income/Expense | - | $2.00K | $10.00K | $39.00K |
| Income Before Tax | $-2.23M | $-5.70M | $-10.15M | $-15.93M |
| Income Tax Expense | - | - | $-67.00K | $-163.00K |
| Net Income | $-2.23M | $-5.70M | $-10.09M | $-15.76M |
| Basic Shares Outstanding | $9.09M | $7.07M | $8.96M | $7.07M |
| Diluted Shares Outstanding | $9.09M | $7.07M | $8.96M | $7.07M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $7.02M | $11.43M |
| Short-term Investments | $1.66M | $2.88M |
| Accounts Receivable | $4.14M | $3.07M |
| Inventory | $2.87M | $2.44M |
| Other Current Assets | $858.00K | $1.14M |
| Total Current Assets | $17.10M | $66.69M |
| Property Plant & Equipment | $5.00M | $5.38M |
| Goodwill | $1.77M | $1.77M |
| Long-term Investments | $8.16M | $6.33M |
| Other Non-current Assets | $1.27M | $162.00K |
| Total Assets | $92.12M | $106.45M |
| Accounts Payable | $3.11M | $2.79M |
| Other Current Liabilities | $3.25M | $4.19M |
| Total Current Liabilities | $54.19M | $65.03M |
| Long-term Debt | $5.97M | $2.40M |
| Total Liabilities | $66.02M | $73.74M |
| Common Stock | $182.00K | $161.00K |
| Retained Earnings | $-312.26M | $-303.07M |
| Treasury Stock | - | - |
| Total Stockholders Equity | $14.20M | $20.24M |
| Total Liabilities & Equity | $92.12M | $106.45M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.23M | $-5.70M | $-10.09M | $-15.76M |
| Depreciation & Amortization | - | - | $2.15M | $1.69M |
| Stock-based Compensation | - | - | $5.00K | - |
| Change in Receivables | - | - | $1.67M | $-1.56M |
| Change in Inventory | - | - | $380.00K | $488.00K |
| Change in Payables | - | - | $315.00K | $-255.00K |
| Operating Cash Flow | - | - | $-7.58M | $-5.89M |
| Capital Expenditure | - | - | $226.00K | $29.00K |
| Purchases of Investments | - | - | $2.79M | - |
| Investing Cash Flow | - | - | $12.08M | $9.92M |
| Debt Repayment | - | - | $11.49M | $1.49M |
| Stock Issued | - | - | - | $2.23M |
| Financing Cash Flow | - | - | $-8.82M | $989.00K |
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.