$12.81M
Revenue
$-5.28M
Net Income
51.83%
Gross Margin
-114.98%
Op. Margin
$-15.40M
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 | $2.99M | $1.97M | $4.20M | $3.65M | $2.82M | $3.28M | $3.39M |
| Revenue Growth % (YoY) | 6.1% | -40.0% | 23.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.59M | $1.21M | $1.86M | $1.52M | $1.68M | $1.65M | $1.84M |
| Gross Profit | $1.41M | $758.98K | $2.34M | $2.13M | $1.15M | $1.63M | $1.55M |
| Gross Margin % | 47.0% | 38.5% | 55.7% | 58.5% | 40.6% | 49.7% | 45.8% |
| Operating Expenses | $9.91M | $3.91M | $4.41M | $3.14M | $6.99M | $3.50M | $4.10M |
| Research & Development | $1.05M | $1.01M | $810.99K | $736.41K | $787.88K | $969.40K | $1.08M |
| Operating Income | $-8.51M | $-3.15M | $-2.07M | $-1.00M | $-5.84M | $-1.86M | $-2.54M |
| Operating Margin % | -284.1% | -160.1% | -49.3% | -27.5% | -207.0% | -56.7% | -74.9% |
| Interest Expense | - | $35.27K | $35.27K | $35.27K | $1.43M | $852.14K | $468.14K |
| Other Income/Expense | $-135.34K | $562.10K | $236.35K | $8.06M | $-39.48K | $-1.60M | $-389.24K |
| Income Before Tax | $-8.44M | $-2.62M | $-1.28M | $7.06M | $-22.34M | $-3.46M | $-2.93M |
| Income Tax Expense | - | - | - | - | - | - | - |
| Net Income | $-8.44M | $-2.62M | $-1.28M | $7.06M | $-22.34M | $-3.46M | $-2.93M |
| Net Margin % | -282.0% | -132.7% | -30.5% | 193.5% | -791.9% | -105.3% | -86.4% |
| Basic EPS | nan | -0.09 | -0.32 | 0.51 | 35.20 | -16.03 | -0.24 |
| Diluted EPS | nan | -0.09 | -0.32 | -0.09 | 35.20 | -16.03 | -0.24 |
| Basic Shares Outstanding | 5.2M | 32.2M | 15.5M | 11.6M | 907K | 309K | 12.4M |
| Diluted Shares Outstanding | - | 32.2M | 15.5M | 20.2M | 907K | 309K | 12.4M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $29.86M | $16.63M | $5.50M | $3.78M | $3.61M | $265.13K | $977.21K |
| Accounts Receivable | $3.45M | $2.52M | $2.49M | $1.13M | $1.43M | $2.16M | $1.54M |
| Inventory | $5.66M | $5.99M | $5.70M | $5.39M | $5.48M | $5.89M | $6.38M |
| Other Current Assets | $556.65K | $646.09K | $403.95K | $676.08K | $425.18K | $512.48K | $452.76K |
| Total Current Assets | $39.53M | $25.78M | $14.10M | $10.98M | $10.95M | $8.82M | $9.35M |
| Property Plant & Equipment | $331.82K | $349.42K | $395.99K | $411.85K | $455.59K | $544.93K | $597.38K |
| Goodwill | - | $4.46M | $4.46M | $4.46M | $4.46M | $7.40M | $7.40M |
| Intangible Assets | $56.85K | $1.50M | $1.62M | $1.77M | $1.96M | $2.14M | $2.31M |
| Other Non-current Assets | $444.48K | $285.75K | $285.60K | - | $250.94K | - | - |
| Total Assets | $42.23M | $34.47M | $23.18M | $20.22M | $20.58M | $22.04M | $22.83M |
| Accounts Payable | $1.61M | $744.22K | $1.15M | $1.69M | $2.79M | $3.56M | $3.15M |
| Short-term Debt | - | - | - | - | $99.73K | - | - |
| Accrued Liabilities | $2.30M | $2.65M | $2.63M | $2.03M | $2.36M | $2.01M | $1.66M |
| Deferred Revenue | $127.87K | $70.60K | $118.28K | $220.99K | $148.05K | $861.41K | $779.99K |
| Total Current Liabilities | $4.99M | $4.46M | $4.99M | $5.60M | $7.89M | $13.36M | $12.16M |
| Long-term Debt | $209.56K | $206.18K | $236.53K | $233.73K | $274.39K | $297.35K | $321.01K |
| Total Liabilities | $6.49M | $6.13M | $6.90M | $16.05M | $26.32M | $15.80M | $14.76M |
| Common Stock | $43.61K | $36.73K | $21.80K | $12.82K | $9.66K | $17.32K | $13.84K |
| Retained Earnings | $-231.23M | $-220.16M | $-217.34M | $-212.38M | $-218.38M | $-185.00M | $-180.09M |
| Total Stockholders Equity | $35.74M | $28.34M | $16.28M | $4.18M | $-5.74M | $6.23M | $8.07M |
| Total Liabilities & Equity | $42.23M | $34.47M | $23.18M | $20.22M | $20.58M | $22.04M | $22.83M |
| 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 | $-8.44M | $-2.62M | $-1.28M | $7.06M | $-22.34M | $-12.71M | $-2.93M |
| Depreciation & Amortization | $-6.81K | $816.54K | $574.00K | $246.65K | $260.80K | $815.28K | $547.31K |
| Stock-based Compensation | $106.06K | $311.69K | $161.71K | $49.88K | $16.82K | $63.79K | $47.12K |
| Change in Receivables | $882.75K | $951.82K | $903.47K | $-314.99K | $-634.36K | $41.32K | $-487.26K |
| Change in Inventory | $-582.04K | $742.77K | $384.09K | $81.59K | $-212.85K | $-1.04M | $-347.82K |
| Change in Payables | $772.88K | $-2.10M | $-1.66M | $-1.17M | $-647.53K | $366.16K | $69.80K |
| Operating Cash Flow | $-2.62M | $-7.34M | $-4.04M | $-1.29M | $-2.52M | $-4.06M | $-2.98M |
| Capital Expenditure | $36.32K | $38.34K | $23.88K | $10.42K | $14.50K | $34.98K | $34.69K |
| Investing Cash Flow | $-36.32K | $-38.34K | $-23.88K | $-10.42K | $2.01K | $-96.09K | $-93.00K |
| Financing Cash Flow | $15.82M | $20.38M | $5.95M | $1.43M | $5.93M | $3.61M | $3.29M |
| Net Change in Cash | $13.23M | $13.01M | $1.89M | $170.66K | $3.35M | $-553.90K | $158.18K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.