$34.06M
Revenue
$-15.84M
Net Income
20.44%
Gross Margin
-44.47%
Op. Margin
$-33.25M
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 | $34.06M | $34.06M | $37.95M | $44.71M | $53.04M | $49.60M |
| Revenue Growth % | 0.0% | -10.2% | -15.1% | -15.7% | 6.9% | nan% |
| Cost of Revenue | $27.10M | $27.10M | $26.58M | $31.88M | $40.93M | $36.00M |
| Gross Profit | $6.96M | $6.96M | $11.38M | $9.71M | $12.11M | $13.60M |
| Gross Margin % | 20.4% | 20.4% | 30.0% | 21.7% | 22.8% | 27.4% |
| Operating Expenses | $22.11M | $22.11M | $19.49M | $19.13M | $26.95M | $29.57M |
| Operating Income | $-15.15M | $-15.15M | $-8.12M | $-9.42M | $-14.83M | $-15.97M |
| Operating Margin % | -44.5% | -44.5% | -21.4% | -21.1% | -28.0% | -32.2% |
| Interest Expense | $1.11M | $1.11M | $5.48M | $6.11M | $5.22M | $1.20M |
| Net Income | $-15.84M | $-15.84M | $-13.15M | $-15.52M | $-20.06M | $-16.40M |
| Net Margin % | -46.5% | -46.5% | -34.7% | -34.7% | -37.8% | -33.1% |
| Basic EPS | nan | -1.91 | -1.64 | -4.39 | -9.07 | -8.99 |
| Diluted EPS | nan | -1.91 | -1.64 | -4.39 | -9.07 | nan |
| Basic Shares Outstanding | - | 8.3M | 1.3M | 3.5M | 2.2M | 1.8M |
| Diluted Shares Outstanding | - | 8.3M | 1.3M | 3.5M | 2.2M | - |
| 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 | $10.42M | $10.39M | $603.00K | $533.00K | $49.00K |
| Accounts Receivable | $2.32M | $3.98M | $4.79M | $5.67M | $5.18M |
| Inventory | $8.05M | $8.11M | $11.30M | $16.18M | $17.05M |
| Other Current Assets | $673.00K | $683.00K | $811.00K | $939.00K | $1.49M |
| Total Current Assets | $21.46M | $23.31M | $17.76M | $24.09M | $24.70M |
| Property Plant & Equipment | $1.23M | $1.19M | $493.00K | $766.00K | $992.00K |
| Intangible Assets | $650.00K | $644.00K | $629.00K | $626.00K | $624.00K |
| Total Assets | $23.34M | $25.14M | $18.88M | $25.49M | $26.32M |
| Accounts Payable | $3.50M | $6.96M | $9.13M | $9.80M | $10.43M |
| Accrued Liabilities | $669.00K | $984.00K | $1.10M | $233.00K | $286.00K |
| Total Current Liabilities | $13.39M | $17.66M | $27.19M | $25.66M | $21.72M |
| Total Liabilities | $14.19M | $18.49M | $38.06M | $33.96M | $22.12M |
| Common Stock | $5.00K | $1.00K | - | - | $9.00K |
| Retained Earnings | $-167.73M | $-151.88M | $-138.73M | $-123.20M | $-103.14M |
| Total Stockholders Equity | $9.15M | $6.65M | $-19.18M | $-8.47M | $4.20M |
| Total Liabilities & Equity | $23.34M | $25.14M | $18.88M | $25.49M | $26.32M |
| 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 | $-15.84M | $-15.84M | $-13.15M | $-15.52M | $-20.06M | $-16.40M |
| Depreciation & Amortization | - | - | - | - | $108.00K | $143.00K |
| Stock-based Compensation | - | $59.00K | $528.00K | - | - | - |
| Change in Receivables | $387.00K | $-743.00K | $1.27M | $-275.00K | $525.00K | $446.00K |
| Change in Inventory | $12.87M | $1.95M | $-2.91M | $-2.65M | $-531.00K | $5.87M |
| Change in Payables | $-719.00K | $-3.35M | $-1.39M | $-1.07M | $-629.00K | $3.69M |
| Operating Cash Flow | $-32.81M | $-17.04M | $-6.12M | $-4.27M | $-15.53M | $-17.59M |
| Capital Expenditure | $440.00K | $272.00K | $152.00K | $85.00K | - | $326.00K |
| Investing Cash Flow | $-428.00K | $-253.00K | $-167.00K | $-20.00K | $-2.00K | $-335.00K |
| Debt Repayment | - | $650.00K | - | - | - | - |
| Stock Issued | - | $18.18M | $11.88M | $4.02M | $5.03M | $7.33M |
| Stock Repurchased | - | - | - | $1.00K | $2.00K | $15.00K |
| Financing Cash Flow | $20.03M | $17.32M | $16.08M | $4.36M | $16.02M | $17.38M |
| Net Change in Cash | $-13.21M | $33.00K | $9.79M | $70.00K | $484.00K | $-546.00K |
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 | $7.03M | $6.75M | $26.59M | $28.22M |
| Cost of Revenue | $5.81M | $5.54M | $21.15M | $19.76M |
| Gross Profit | $1.22M | $1.22M | $5.43M | $8.46M |
| Operating Expenses | $5.33M | $4.35M | $17.07M | $12.92M |
| Operating Income | $-4.10M | $-3.14M | $-11.64M | $-4.46M |
| Interest Expense | $274.00K | $2.40M | $864.00K | $4.58M |
| Net Income | $-3.98M | $-4.15M | $-12.06M | $-9.04M |
| Basic EPS | -0.48 | -4.91 | -1.54 | -12.10 |
| Diluted EPS | -0.48 | -4.91 | -1.54 | -12.10 |
| Basic Shares Outstanding | $8.25M | $844.40K | $7.85M | $747.26K |
| Diluted Shares Outstanding | $8.25M | $844.40K | $7.85M | $747.26K |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.14M | $10.39M |
| Accounts Receivable | $2.43M | $3.98M |
| Inventory | $10.57M | $8.11M |
| Other Current Assets | $770.00K | $683.00K |
| Total Current Assets | $18.07M | $23.31M |
| Property Plant & Equipment | $1.20M | $1.19M |
| Intangible Assets | $650.00K | $644.00K |
| Total Assets | $19.93M | $25.14M |
| Accounts Payable | $5.83M | $6.96M |
| Accrued Liabilities | $1.33M | $984.00K |
| Total Current Liabilities | $16.36M | $17.66M |
| Total Liabilities | $17.17M | $18.49M |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $-163.95M | $-151.88M |
| Total Stockholders Equity | $2.76M | $6.65M |
| Total Liabilities & Equity | $19.93M | $25.14M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.98M | $-4.15M | $-12.06M | $-9.04M |
| Change in Receivables | - | - | $-1.96M | $-1.08M |
| Change in Inventory | - | - | $3.44M | $-2.90M |
| Change in Payables | - | - | $-1.01M | $180.00K |
| Operating Cash Flow | - | - | $-13.23M | $-2.25M |
| Capital Expenditure | - | - | $191.00K | $51.00K |
| Investing Cash Flow | - | - | $-172.00K | $-58.00K |
| Debt Repayment | - | - | $650.00K | - |
| Stock Issued | - | - | $8.00M | $1.90M |
| Financing Cash Flow | - | - | $7.15M | $2.02M |
| Net Change in Cash | - | - | $-6.25M | $-297.00K |
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.