$12.81M
Revenue
$-5.28M
Net Income
51.83%
Gross Margin
-114.98%
Op. Margin
$-15.40M
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 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $12.81M | $12.81M | $13.39M | $13.74M | $19.09M | $9.76M |
| Revenue Growth % | 0.0% | -4.3% | -2.5% | -28.0% | 95.6% | nan% |
| Cost of Revenue | $6.17M | $6.17M | $7.10M | $8.28M | $10.88M | $5.50M |
| Gross Profit | $6.64M | $6.64M | $6.29M | $5.46M | $8.22M | $4.26M |
| Gross Margin % | 51.8% | 51.8% | 47.0% | 39.8% | 43.0% | 43.6% |
| Operating Expenses | $21.37M | $21.37M | $18.92M | $44.61M | $72.49M | $34.55M |
| Research & Development | $3.61M | $3.61M | $3.97M | $5.52M | $8.11M | $4.08M |
| Operating Income | $-14.73M | $-14.73M | $-12.64M | $-39.15M | $-64.28M | $-30.29M |
| Operating Margin % | -115.0% | -115.0% | -94.3% | -284.9% | -336.6% | -310.3% |
| Interest Expense | $105.80K | $35.27K | $2.28M | - | $59.78K | $7.85K |
| Other Income/Expense | $8.73M | $1.00M | $-247.76K | $-3.27M | $6.02M | $87.12K |
| Income Before Tax | $-5.28M | $-5.28M | $-35.04M | $-42.42M | $-58.25M | $-30.11M |
| Income Tax Expense | - | - | - | - | - | - |
| Net Income | $-5.28M | $-5.28M | $-35.04M | $-42.42M | $-58.25M | $-30.11M |
| Net Margin % | -41.2% | -41.2% | -261.6% | -308.7% | -305.1% | -308.5% |
| Basic EPS | nan | -0.52 | -46.24 | -8.04 | -13.97 | nan |
| Diluted EPS | nan | nan | -46.24 | -8.04 | -13.97 | nan |
| Basic Shares Outstanding | 5.2M | 25.1M | 1.1M | 5.3M | 4.2M | - |
| Diluted Shares Outstanding | - | - | 1.1M | 5.3M | 4.2M | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $29.86M | $3.61M | $819.02K | $4.35M | $14.59M |
| Accounts Receivable | $3.45M | $1.43M | $2.10M | $2.21M | $2.90M |
| Inventory | $5.66M | $5.48M | $6.94M | $6.69M | $4.04M |
| Other Current Assets | $556.65K | $425.18K | $548.56K | $1.03M | - |
| Total Current Assets | $39.53M | $10.95M | $10.55M | $14.46M | $23.00M |
| Property Plant & Equipment | $331.82K | $455.59K | $799.89K | $791.15K | $952.13K |
| Goodwill | - | $4.46M | $7.40M | $23.18M | $64.87M |
| Intangible Assets | $56.85K | $1.96M | $2.62M | $11.51M | $13.57M |
| Other Non-current Assets | $444.48K | $250.94K | - | - | - |
| Total Assets | $42.23M | $20.58M | $25.16M | $54.18M | $104.68M |
| Accounts Payable | $1.61M | $2.79M | $3.06M | $1.85M | $2.53M |
| Short-term Debt | - | $99.73K | - | - | - |
| Accrued Liabilities | $2.30M | $2.36M | $1.94M | $1.68M | - |
| Deferred Revenue | $127.87K | $148.05K | $226.32K | $496.39K | $971.14K |
| Total Current Liabilities | $4.99M | $7.89M | $11.03M | $5.38M | $17.15M |
| Long-term Debt | $209.56K | $274.39K | $489.04K | $446.81K | $808.02K |
| Total Liabilities | $6.49M | $26.32M | $14.46M | $10.96M | $28.11M |
| Common Stock | $43.61K | $9.66K | $140.52K | $88.47K | $75.31K |
| Retained Earnings | $-231.23M | $-218.38M | $-165.58M | $-111.55M | $-51.05M |
| Total Stockholders Equity | $35.74M | $-5.74M | $10.70M | $43.22M | $76.58M |
| Total Liabilities & Equity | $42.23M | $20.58M | $25.16M | $54.18M | $104.68M |
| 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 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-5.28M | $-5.28M | $-35.04M | $-42.42M | $-58.25M | $-30.11M |
| Depreciation & Amortization | $1.63M | $809.73K | $1.08M | $3.81M | $3.94M | $1.50M |
| Stock-based Compensation | $629.34K | $417.75K | $80.61K | $1.31M | $3.42M | $4.51M |
| Change in Receivables | $2.42M | $1.83M | $-593.04K | $-223.46K | $-637.16K | $-514.26K |
| Change in Inventory | $626.41K | $160.73K | $-1.25M | $-53.18K | $2.61M | $1.98M |
| Change in Payables | $-4.15M | $-1.33M | $-281.37K | $1.11M | $-681.56K | $552.74K |
| Operating Cash Flow | $-15.29M | $-9.96M | $-6.57M | $-10.96M | $-19.76M | $-12.46M |
| Capital Expenditure | $108.96K | $74.66K | $49.48K | $215.36K | $313.77K | $525.31K |
| Investing Cash Flow | $-108.96K | $-74.66K | $-94.08K | $-776.97K | $-8.36M | $-42.50M |
| Stock Issued | - | - | $5.69M | $3.97M | $4.58M | - |
| Financing Cash Flow | $43.59M | $36.20M | $9.54M | $8.55M | $17.52M | $45.61M |
| Net Change in Cash | $28.30M | $26.24M | $2.79M | $-3.53M | $-10.24M | $-9.35M |
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 | $1.97M | $3.28M | $9.82M | $10.57M |
| Cost of Revenue | $1.21M | $1.65M | $4.58M | $5.43M |
| Gross Profit | $758.98K | $1.63M | $5.23M | $5.14M |
| Operating Expenses | $3.91M | $3.50M | $11.46M | $11.94M |
| Research & Development | $1.01M | $969.40K | $2.56M | $3.18M |
| Operating Income | $-3.15M | $-1.86M | $-6.22M | $-6.80M |
| Interest Expense | $27.48K | $1.56M | $35.27K | $852.14K |
| Other Income/Expense | $562.10K | $-45.78K | $1.14M | $-208.28K |
| Income Before Tax | $-2.62M | $-3.46M | $3.16M | $-12.71M |
| Income Tax Expense | - | - | - | - |
| Net Income | $-2.62M | $-3.46M | $3.16M | $-12.71M |
| Basic EPS | -0.09 | -16.03 | -0.10 | -81.44 |
| Diluted EPS | -0.09 | -16.03 | -0.46 | -81.44 |
| Basic Shares Outstanding | $32.17M | $309.35K | $19.89M | $240.31K |
| Diluted Shares Outstanding | $32.17M | $309.35K | $22.20M | $240.31K |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $16.63M | $3.61M |
| Accounts Receivable | $2.52M | $1.43M |
| Inventory | $5.99M | $5.48M |
| Other Current Assets | $646.09K | $425.18K |
| Total Current Assets | $25.78M | $10.95M |
| Property Plant & Equipment | $349.42K | $455.59K |
| Goodwill | $4.46M | $4.46M |
| Intangible Assets | $1.50M | $1.96M |
| Other Non-current Assets | $285.75K | $250.94K |
| Total Assets | $34.47M | $20.58M |
| Accounts Payable | $744.22K | $2.79M |
| Short-term Debt | - | $99.73K |
| Accrued Liabilities | $2.65M | $2.36M |
| Deferred Revenue | $70.60K | $148.05K |
| Total Current Liabilities | $4.46M | $7.89M |
| Long-term Debt | $206.18K | $274.39K |
| Total Liabilities | $6.13M | $26.32M |
| Common Stock | $36.73K | $9.66K |
| Retained Earnings | $-220.16M | $-218.38M |
| Total Stockholders Equity | $28.34M | $-5.74M |
| Total Liabilities & Equity | $34.47M | $20.58M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.62M | $-3.46M | $3.16M | $-12.71M |
| Depreciation & Amortization | - | - | $816.54K | $815.28K |
| Stock-based Compensation | - | - | $311.69K | $63.79K |
| Change in Receivables | - | - | $951.82K | $41.32K |
| Change in Inventory | - | - | $742.77K | $-1.04M |
| Change in Payables | - | - | $-2.10M | $366.16K |
| Operating Cash Flow | - | - | $-7.34M | $-4.06M |
| Capital Expenditure | - | - | $38.34K | $34.98K |
| Investing Cash Flow | - | - | $-38.34K | $-96.09K |
| Financing Cash Flow | - | - | $20.38M | $3.61M |
| Net Change in Cash | - | - | $13.01M | $-553.90K |
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.