$50.88M
Revenue
$-14.85M
Net Income
43.16%
Gross Margin
-22.05%
Op. Margin
$-6.94M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2022 (Sep 30, 2022) |
FY 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $50.88M | $40.76M | $24.01M | $46.66M | $54.03M | $47.00M |
| Revenue Growth % | 24.8% | 69.8% | -48.6% | -13.6% | 15.0% | nan% |
| Cost of Revenue | $28.92M | $23.80M | $13.82M | $24.90M | $27.69M | $23.58M |
| Gross Profit | $21.96M | $16.96M | $10.19M | $21.76M | $26.34M | $23.43M |
| Gross Margin % | 43.2% | 41.6% | 42.4% | 46.6% | 48.7% | 49.8% |
| Operating Expenses | $33.18M | $33.77M | $36.91M | $32.75M | $41.87M | $22.34M |
| Research & Development | $7.72M | $8.11M | $9.64M | $8.13M | $7.02M | $4.92M |
| Selling General & Admin | $25.47M | $25.66M | $27.26M | $24.62M | $21.69M | $17.42M |
| Operating Income | $-11.22M | $-16.81M | $-26.72M | $-10.99M | $-15.53M | $1.08M |
| Operating Margin % | -22.1% | -41.2% | -111.3% | -23.5% | -28.7% | 2.3% |
| Interest Expense | $2.73M | $1.57M | $603.00K | - | - | - |
| Interest Income | - | $285.00K | $237.00K | $136.00K | - | - |
| Other Income/Expense | $-3.06M | $-1.18M | $-5.42M | $-10.00K | $60.00K | $54.00K |
| Income Before Tax | $-14.61M | $-17.99M | $-32.13M | $-11.00M | $-15.47M | $1.14M |
| Income Tax Expense | $244.00K | $119.00K | $-405.00K | $7.40M | $741.00K | $434.00K |
| Net Income | $-14.85M | $-18.11M | $-31.73M | $-18.40M | $-16.21M | $704.00K |
| Net Margin % | -29.2% | -44.4% | -132.2% | -39.4% | -30.0% | 1.5% |
| Basic EPS | -0.33 | -0.40 | -0.72 | -0.50 | -0.44 | 0.02 |
| Diluted EPS | -0.33 | -0.40 | -0.72 | -0.50 | -0.44 | 0.02 |
| Basic Shares Outstanding | 45.2M | 45.1M | 44.3M | 36.9M | 36.5M | 34.4M |
| Diluted Shares Outstanding | 45.2M | 45.1M | 44.3M | 36.9M | 36.5M | 35.6M |
| Breakdown | FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2022 (Sep 30, 2022) |
FY 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $7.97M | $4.95M | $8.66M | $12.74M | $13.17M |
| Short-term Investments | $70.00K | $7.95M | $1.48M | $6.40M | $5.69M |
| Accounts Receivable | $7.60M | $3.28M | $5.95M | $6.74M | $7.68M |
| Inventory | $8.80M | $7.31M | $6.50M | $6.01M | $6.42M |
| Other Current Assets | $8.74M | $2.56M | $1.85M | $3.58M | $2.25M |
| Total Current Assets | $39.30M | $26.14M | $25.21M | $35.56M | $35.48M |
| Property Plant & Equipment | $1.12M | $1.29M | $1.55M | $1.76M | $1.75M |
| Goodwill | - | - | - | - | $23.83M |
| Intangible Assets | $6.15M | $8.51M | $8.43M | $10.51M | $12.80M |
| Long-term Investments | - | $249.00K | - | $781.00K | $1.88M |
| Total Assets | $63.87M | $53.94M | $49.91M | $71.85M | $90.13M |
| Accounts Payable | $8.18M | $4.03M | $2.79M | $2.33M | $2.16M |
| Accrued Liabilities | $7.45M | $9.03M | $7.47M | $12.08M | $14.11M |
| Total Current Liabilities | $54.44M | $14.09M | $11.26M | $15.37M | $17.47M |
| Other Non-current Liabilities | - | - | $551.00K | $907.00K | $995.00K |
| Total Liabilities | $61.70M | $36.37M | $16.09M | $21.46M | $24.17M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-125.90M | $-107.79M | $-76.06M | $-57.37M | $-41.15M |
| Total Stockholders Equity | $2.17M | $17.56M | $33.81M | $50.39M | $65.96M |
| Total Liabilities & Equity | $63.87M | $53.94M | $49.91M | $71.85M | $90.13M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2022 (Sep 30, 2022) |
FY 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-25.07M | $-18.11M | $-31.73M | $-18.40M | $-16.21M | $704.00K |
| Depreciation & Amortization | $4.89M | $2.78M | $2.93M | $2.56M | $2.56M | $1.60M |
| Stock-based Compensation | $2.89M | $1.66M | $1.65M | $1.64M | $2.23M | $1.42M |
| Change in Receivables | $5.93M | $4.30M | $-2.82M | $-827.00K | $-836.00K | $2.14M |
| Change in Inventory | $3.26M | $1.94M | $816.00K | $788.00K | $-75.00K | $846.00K |
| Change in Payables | $3.55M | $4.11M | $2.23M | $425.00K | $199.00K | $600.00K |
| Operating Cash Flow | $-6.94M | $-8.76M | $-19.45M | $-9.59M | $468.00K | $6.15M |
| Capital Expenditure | - | $255.00K | $191.00K | $239.00K | $381.00K | $208.00K |
| Acquisitions | - | - | $908.00K | - | - | $15.85M |
| Purchases of Investments | - | $1.40M | $16.21M | $3.64M | $6.83M | $5.14M |
| Investing Cash Flow | $14.40M | $7.90M | $-8.67M | $5.54M | $-89.00K | $-15.55M |
| Stock Issued | - | - | $10.45M | - | - | - |
| Stock Repurchased | - | - | - | - | $998.00K | - |
| Financing Cash Flow | $-873.00K | $4.03M | $23.87M | $-114.00K | $-1.06M | $13.00K |
| Net Change in Cash | $6.64M | $3.26M | $-4.23M | $-4.14M | $-869.00K | $-9.47M |
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $17.07M | - |
| Cost of Revenue | $8.88M | - |
| Gross Profit | $8.18M | - |
| Operating Expenses | $8.54M | - |
| Research & Development | $1.90M | - |
| Selling General & Admin | $6.64M | - |
| Operating Income | $-352.00K | - |
| Interest Expense | $435.00K | - |
| Interest Income | $7.00K | - |
| Other Income/Expense | $-11.00K | - |
| Income Before Tax | $-692.00K | - |
| Income Tax Expense | $125.00K | - |
| Net Income | $-817.00K | - |
| Basic EPS | -0.02 | - |
| Diluted EPS | -0.02 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $10.29M | $7.97M |
| Short-term Investments | $30.00K | $70.00K |
| Accounts Receivable | $8.88M | $7.60M |
| Inventory | $8.57M | $8.80M |
| Other Current Assets | $154.00K | $38.00K |
| Total Current Assets | $44.00M | $39.30M |
| Property Plant & Equipment | $1.02M | $1.12M |
| Goodwill | $13.45M | $13.45M |
| Intangible Assets | $5.57M | $6.15M |
| Total Assets | $67.65M | $63.87M |
| Accounts Payable | $7.46M | $8.18M |
| Accrued Liabilities | $7.28M | $7.45M |
| Deferred Revenue | $34.13M | - |
| Total Current Liabilities | $60.01M | $54.44M |
| Total Liabilities | $65.84M | $61.70M |
| Retained Earnings | $-126.72M | $-125.90M |
| Total Stockholders Equity | $1.81M | $2.17M |
| Total Liabilities & Equity | $67.65M | $63.87M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-817.00K | - |
| Depreciation & Amortization | $682.00K | - |
| Stock-based Compensation | $419.00K | - |
| Change in Receivables | $1.29M | - |
| Change in Inventory | $-206.00K | - |
| Change in Payables | $-711.00K | - |
| Operating Cash Flow | $7.20M | - |
| Investing Cash Flow | $41.00K | - |
| Debt Repayment | $4.00M | - |
| Financing Cash Flow | $-4.93M | - |
| Net Change in Cash | $2.32M | - |
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.