$34.06M
Revenue
$-15.84M
Net Income
20.44%
Gross Margin
-44.47%
Op. Margin
$-33.25M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $7.48M | $7.03M | $9.52M | $10.03M | $9.73M | $6.75M | $11.87M | $9.60M | $11.69M | $11.86M | $10.01M | $11.16M | $15.04M | $12.09M |
| Revenue Growth % (YoY) | -23.1% | 4.2% | -19.8% | 4.5% | -16.8% | -43.0% | 18.7% | -14.0% | -22.3% | -2.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $5.95M | $5.81M | $8.72M | $6.63M | $6.82M | $5.54M | $8.04M | $6.18M | $8.11M | $7.82M | $7.50M | $8.46M | $11.59M | $9.66M |
| Gross Profit | $1.53M | $1.22M | $807.00K | $3.40M | $2.92M | $1.22M | $3.83M | $3.41M | $472.00K | $4.03M | $2.51M | $2.70M | $3.45M | $2.44M |
| Gross Margin % | 20.4% | 17.4% | 8.5% | 33.9% | 30.0% | 18.0% | 32.3% | 35.6% | 4.0% | 34.0% | 25.1% | 24.2% | 22.9% | 20.1% |
| Operating Expenses | $5.04M | $5.33M | $6.60M | $5.14M | $6.58M | $4.35M | $4.50M | $4.06M | $5.42M | $4.18M | $4.26M | $5.28M | $7.11M | $4.89M |
| Operating Income | $-3.51M | $-4.10M | $-5.79M | $-1.74M | $-3.66M | $-3.14M | $-669.00K | $-650.00K | $-4.95M | $-143.00K | $-1.75M | $-2.58M | $-3.67M | $-2.45M |
| Operating Margin % | -46.9% | -58.3% | -60.8% | -17.4% | -37.6% | -46.5% | -5.6% | -6.8% | -42.3% | -1.2% | -17.5% | -23.1% | -24.4% | -20.3% |
| Interest Expense | $244.00K | $274.00K | $301.00K | $289.00K | $903.00K | $2.40M | $1.15M | $1.02M | $1.65M | $1.29M | $1.39M | $1.78M | $3.10M | $777.00K |
| Net Income | $-3.78M | $-3.98M | $-6.05M | $-2.03M | $-4.12M | $-4.15M | $-3.21M | $-1.67M | $-6.60M | $-1.44M | $-3.13M | $-4.36M | $-6.77M | $-3.23M |
| Net Margin % | -50.5% | -56.6% | -63.5% | -20.3% | -42.3% | -61.5% | -27.1% | -17.4% | -56.4% | -12.1% | -31.3% | -39.1% | -45.0% | -26.7% |
| Basic EPS | nan | -0.48 | -0.13 | -0.04 | nan | -0.82 | -0.77 | -0.40 | nan | -0.34 | -0.99 | -1.70 | nan | -0.03 |
| Diluted EPS | nan | -0.48 | -0.13 | -0.04 | nan | -0.82 | -0.77 | -0.40 | nan | -0.34 | -0.99 | nan | nan | nan |
| Basic Shares Outstanding | - | 8.2M | 46.4M | 45.4M | - | 5.1M | 4.2M | 4.2M | - | 4.2M | 3.2M | 2.6M | - | 112.7M |
| Diluted Shares Outstanding | - | 8.2M | 46.4M | 45.4M | - | 5.1M | 4.2M | 4.2M | - | 4.2M | 3.2M | - | - | - |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $10.42M | $4.14M | $2.68M | $4.86M | $10.39M | $306.00K | $326.00K | $314.00K | $603.00K | $1.00M | $447.00K | $467.00K | $533.00K | $25.00K |
| Accounts Receivable | $2.32M | $2.43M | $5.00M | $4.33M | $3.98M | $2.77M | $5.30M | $3.25M | $4.79M | $5.27M | $3.73M | $4.67M | $5.67M | $6.01M |
| Inventory | $8.05M | $10.57M | $13.18M | $12.33M | $8.11M | $9.25M | $10.22M | $12.02M | $11.30M | $15.96M | $13.69M | $15.30M | $16.18M | $19.92M |
| Other Current Assets | $673.00K | $770.00K | $862.00K | $976.00K | $683.00K | $1.48M | $1.62M | $2.33M | $811.00K | $489.00K | $880.00K | $601.00K | $939.00K | $1.39M |
| Total Current Assets | $21.46M | $18.07M | $21.89M | $22.67M | $23.31M | $14.06M | $17.73M | $18.18M | $17.76M | $23.50M | $19.53M | $21.81M | $24.09M | $28.84M |
| Property Plant & Equipment | $1.23M | $1.20M | $1.17M | $1.21M | $1.19M | $335.00K | $384.00K | $441.00K | $493.00K | $559.00K | $543.00K | $686.00K | $766.00K | $826.00K |
| Intangible Assets | $650.00K | $650.00K | $650.00K | $645.00K | $644.00K | $636.00K | $635.00K | $631.00K | $629.00K | $627.00K | $627.00K | $626.00K | $626.00K | $626.00K |
| Total Assets | $23.34M | $19.93M | $23.70M | $24.52M | $25.14M | $15.03M | $18.75M | $19.25M | $18.88M | $24.69M | $20.70M | $23.12M | $25.49M | $30.30M |
| Accounts Payable | $3.50M | $5.83M | $8.48M | $7.95M | $6.96M | $8.31M | $8.43M | $8.48M | $9.13M | $9.07M | $7.20M | $11.16M | $9.80M | $9.57M |
| Accrued Liabilities | $669.00K | $1.33M | $2.89M | $1.31M | $984.00K | $1.27M | $946.00K | $872.00K | $1.10M | $873.00K | $798.00K | $467.00K | $233.00K | $228.00K |
| Total Current Liabilities | $13.39M | $16.36M | $21.15M | $19.03M | $17.66M | $36.99M | $37.10M | $25.02M | $27.19M | $27.68M | $23.11M | $26.76M | $25.66M | $25.31M |
| Total Liabilities | $14.19M | $17.17M | $21.97M | $19.86M | $18.49M | $36.99M | $42.59M | $39.98M | $38.06M | $37.45M | $32.16M | $35.45M | $33.96M | $33.73M |
| Common Stock | $5.00K | $1.00K | $5.00K | $3.00K | $1.00K | $1.00K | - | - | - | - | - | - | - | $11.00K |
| Retained Earnings | $-167.73M | $-163.95M | $-159.97M | $-153.91M | $-151.88M | $-147.77M | $-143.62M | $-140.40M | $-138.73M | $-132.13M | $-130.69M | $-127.56M | $-123.20M | $-116.43M |
| Total Stockholders Equity | $9.15M | $2.76M | $1.74M | $4.66M | $6.65M | $-21.95M | $-23.85M | $-20.73M | $-19.18M | $-12.76M | $-11.46M | $-12.32M | $-8.47M | $-3.44M |
| Total Liabilities & Equity | $23.34M | $19.93M | $23.70M | $24.52M | $25.14M | $15.03M | $18.75M | $19.25M | $18.88M | $24.69M | $20.70M | $23.12M | $25.49M | $30.30M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-3.78M | $-3.98M | $-6.05M | $-2.03M | $-4.12M | $-4.15M | $-3.21M | $-1.67M | $-6.60M | $-1.44M | $-7.49M | $-4.36M | $-6.77M | $-13.29M |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | $112.00K | $79.00K | $47.00K | $29.00K | $79.00K |
| Change in Receivables | $1.21M | $-1.96M | $1.25M | $-125.00K | $2.35M | $-1.08M | $1.07M | $-922.00K | $-133.00K | $-142.00K | $-1.88M | $-1.04M | $-148.00K | $673.00K |
| Change in Inventory | $-1.50M | $3.44M | $6.73M | $4.19M | $-6.00K | $-2.90M | $-2.09M | $-66.00K | $-2.24M | $-417.00K | $-2.69M | $-1.10M | $-3.43M | $2.90M |
| Change in Payables | $-2.33M | $-1.01M | $1.64M | $989.00K | $-1.57M | $180.00K | $299.00K | $351.00K | $-335.00K | $-738.00K | $-2.60M | $1.36M | $231.00K | $-860.00K |
| Operating Cash Flow | $-3.81M | $-13.23M | $-10.41M | $-5.36M | $-3.87M | $-2.25M | $-3.31M | $-2.40M | $-182.00K | $-4.08M | $-2.29M | $1.12M | $977.00K | $-16.51M |
| Capital Expenditure | $81.00K | $191.00K | $95.00K | $73.00K | $101.00K | $51.00K | $28.00K | $16.00K | $1.00K | $84.00K | - | - | - | - |
| Investing Cash Flow | $-81.00K | $-172.00K | $-101.00K | $-74.00K | $-109.00K | $-58.00K | $-34.00K | $-18.00K | $-3.00K | $-17.00K | $67.00K | - | - | $-2.00K |
| Debt Repayment | - | $650.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | $10.18M | $8.00M | $3.00M | - | $9.98M | $1.90M | - | - | - | $4.02M | $4.02M | - | - | $5.03M |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | $1.00K | $1.00K | $1.00K | - | $2.00K |
| Financing Cash Flow | $10.18M | $7.15M | $2.80M | $-93.00K | $14.06M | $2.02M | $3.06M | $2.12M | $-216.00K | $4.57M | $2.13M | $-1.18M | $-469.00K | $16.48M |
| Net Change in Cash | $6.29M | $-6.25M | $-7.71M | $-5.53M | $10.09M | $-297.00K | $-277.00K | $-289.00K | $-401.00K | $471.00K | $-86.00K | $-66.00K | $508.00K | $-24.00K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.