$86.21M
Revenue
$-5.10M
Net Income
74.49%
Gross Margin
-7.77%
Op. Margin
$-5.29M
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 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $14.26M | $22.57M | $22.67M | $26.71M | $26.19M | $22.37M | $18.21M |
| Revenue Growth % (YoY) | -45.6% | 0.9% | 24.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.80M | $6.00M | $5.58M | $5.62M | $4.43M | $2.59M | $2.91M |
| Gross Profit | $9.46M | $16.57M | $17.09M | $21.09M | $21.76M | $19.78M | $15.30M |
| Gross Margin % | 66.4% | 73.4% | 75.4% | 79.0% | 83.1% | 88.4% | 84.0% |
| Operating Expenses | $10.68M | $18.24M | $19.14M | $22.86M | $21.54M | $21.72M | $17.00M |
| Operating Income | $-1.21M | $-1.67M | $-2.04M | $-1.77M | $220.12K | $-1.94M | $-1.70M |
| Operating Margin % | -8.5% | -7.4% | -9.0% | -6.6% | 0.8% | -8.7% | -9.3% |
| Interest Expense | $110.07K | $372.35K | $245.24K | $125.73K | $116.43K | $221.53K | $96.64K |
| Other Income/Expense | - | - | - | - | - | - | - |
| Income Tax Expense | $2.68K | $5.35K | - | $2.68K | $2.68K | - | $5.35K |
| Net Income | $-593.87K | $-1.74M | $-1.50M | $-1.26M | $141.34K | $-2.04M | $-1.75M |
| Net Margin % | -4.2% | -7.7% | -6.6% | -4.7% | 0.5% | -9.1% | -9.6% |
| Basic EPS | nan | nan | -0.10 | nan | nan | nan | nan |
| Diluted EPS | nan | -0.12 | nan | -0.01 | 0.00 | -0.01 | -0.01 |
| Basic Shares Outstanding | 50K | 14.6M | 14.5M | 142.7M | 177K | 140.5M | 140.1M |
| Diluted Shares Outstanding | 50K | 14.6M | 14.5M | 142.7M | 177K | 140.5M | 140.1M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Accounts Receivable | $5.89M | $9.93M | $9.74M | $12.02M | $12.55M | $8.78M | $8.08M |
| Other Current Assets | $78.34K | $706.20K | - | - | $78.34K | - | - |
| Total Current Assets | $9.22M | $14.02M | $12.54M | $15.32M | $15.64M | $12.25M | $11.13M |
| Property Plant & Equipment | $1.63M | $1.70M | $1.76M | $1.79M | $1.79M | $1.79M | $1.76M |
| Goodwill | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M |
| Intangible Assets | $3.43M | $3.54M | $3.66M | $3.78M | $3.89M | $4.01M | $4.17M |
| Other Non-current Assets | - | $78.34K | $78.34K | $78.34K | $78.34K | $78.34K | $128.34K |
| Total Assets | $24.87M | $29.92M | $28.69M | $31.69M | $32.20M | $28.98M | $28.46M |
| Accounts Payable | $7.09M | $7.66M | $8.80M | $7.26M | $8.42M | $7.09M | $6.08M |
| Accrued Liabilities | $3.62M | $7.55M | $6.83M | $9.94M | $9.19M | $8.32M | $7.60M |
| Total Current Liabilities | $14.29M | $18.88M | $15.92M | $17.48M | $17.89M | $15.68M | $13.95M |
| Deferred Tax Liabilities | $107.97K | $105.29K | $99.94K | $99.94K | $97.27K | $94.59K | $94.59K |
| Other Non-current Liabilities | - | - | - | - | - | - | - |
| Common Stock | $14.70K | $144.86K | $144.74K | $143.61K | $140.50K | $140.47K | $140.43K |
| Retained Earnings | $-178.30M | $-177.71M | $-175.97M | $-174.47M | $-173.21M | $-173.35M | $-171.31M |
| Total Stockholders Equity | $10.02M | $10.42M | $12.08M | $13.45M | $13.47M | $12.40M | $13.54M |
| Total Liabilities & Equity | $24.87M | $29.92M | $28.69M | $31.69M | $32.20M | $28.98M | $28.46M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Net Income | $-593.87K | $-1.74M | $-2.76M | $-1.26M | $141.34K | $-5.90M | $-3.86M |
| Depreciation & Amortization | $548.99K | $1.69M | $1.13M | $568.04K | $563.98K | $1.95M | $1.35M |
| Stock-based Compensation | $301.89K | $842.89K | $596.07K | $304.28K | $413.91K | $372.54K | $318.68K |
| Deferred Income Tax | $2.67K | $8.03K | $2.68K | $2.68K | $2.68K | $5.35K | $5.35K |
| Change in Receivables | $-4.09M | $-2.61M | $-2.83M | $-491.71K | $3.78M | $-1.90M | $-2.50M |
| Change in Payables | $-566.21K | $-765.36K | - | - | $1.33M | - | - |
| Operating Cash Flow | $21.01K | $-1.81M | $-223.26K | $-366.91K | $329.90K | $-100.34K | $-1.16M |
| Capital Expenditure | $360.91K | $1.24M | $858.44K | $451.73K | $447.61K | $1.41M | $933.96K |
| Investing Cash Flow | $-360.91K | $-1.24M | $-858.44K | $-451.73K | $-447.61K | $-1.41M | $-933.96K |
| Stock Issued | - | $1.15M | - | - | - | - | - |
| Financing Cash Flow | $-199.76K | $3.97M | $757.64K | $921.39K | $-9.86K | $-343.53K | $-334.43K |
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 | $22.57M | - | $71.95M | - |
| Cost of Revenue | $6.00M | - | $17.20M | - |
| Gross Profit | $16.57M | - | $54.75M | - |
| Operating Expenses | $18.24M | - | $60.23M | - |
| Operating Income | $-1.67M | - | $-5.48M | - |
| Interest Expense | - | - | $372.35K | - |
| Income Tax Expense | $5.35K | - | $8.03K | - |
| Net Income | $-1.74M | $-1.75M | $-4.50M | - |
| Diluted EPS | -0.12 | - | -0.31 | - |
| Basic Shares Outstanding | $14.56M | - | $14.43M | - |
| Diluted Shares Outstanding | $14.56M | - | $14.43M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $9.93M | $12.55M |
| Other Current Assets | $706.20K | $639.80K |
| Total Current Assets | $14.02M | $15.64M |
| Property Plant & Equipment | $1.70M | $1.79M |
| Goodwill | $9.85M | $9.85M |
| Intangible Assets | $3.54M | $3.89M |
| Other Non-current Assets | $78.34K | $78.34K |
| Total Assets | $29.92M | $32.20M |
| Accounts Payable | $7.66M | $8.42M |
| Accrued Liabilities | $7.55M | $9.19M |
| Total Current Liabilities | $18.88M | $17.89M |
| Deferred Tax Liabilities | $105.29K | $97.27K |
| Common Stock | $144.86K | $140.50K |
| Retained Earnings | $-177.71M | $-173.21M |
| Total Stockholders Equity | $10.42M | $13.47M |
| Total Liabilities & Equity | $29.92M | $32.20M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.74M | $-1.75M | $-4.50M | - |
| Depreciation & Amortization | - | - | $1.69M | - |
| Stock-based Compensation | - | - | $842.89K | - |
| Deferred Income Tax | - | - | $8.03K | - |
| Change in Receivables | - | - | $-2.61M | - |
| Change in Payables | - | - | $-765.36K | - |
| Operating Cash Flow | - | - | $-1.81M | - |
| Capital Expenditure | - | - | $1.24M | - |
| Investing Cash Flow | - | - | $-1.24M | - |
| Stock Issued | - | - | $1.15M | - |
| Financing Cash Flow | - | - | $3.97M | - |
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.