$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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $34.06M | $34.06M | $37.95M | $44.71M | $53.04M | $49.60M | $41.62M | $33.82M | $38.10M | $37.71M | $42.47M | $45.95M | $43.42M | $37.28M | $30.01M | $25.01M |
| Revenue Growth % | 0.0% | -10.2% | -15.1% | -15.7% | 6.9% | 19.2% | 23.0% | -11.2% | 1.0% | -11.2% | -7.6% | 5.8% | 16.5% | 24.2% | 20.0% | nan% |
| Cost of Revenue | $27.10M | $27.10M | $26.58M | $31.88M | $40.93M | $36.00M | $28.85M | $25.94M | $27.42M | $30.82M | $33.49M | $34.34M | $30.42M | $26.49M | $18.94M | $15.85M |
| Gross Profit | $6.96M | $6.96M | $11.38M | $9.71M | $12.11M | $13.60M | $12.77M | $7.88M | $10.68M | $6.89M | $8.98M | $11.61M | $13.01M | $10.79M | $9.14M | $7.41M |
| Gross Margin % | 20.4% | 20.4% | 30.0% | 21.7% | 22.8% | 27.4% | 30.7% | 23.3% | 28.0% | 18.3% | 21.1% | 25.3% | 30.0% | 29.0% | 30.5% | 29.6% |
| Operating Expenses | $22.11M | $22.11M | $19.49M | $19.13M | $26.95M | $29.57M | $21.38M | $22.73M | $18.80M | $18.64M | $12.04M | $14.34M | $12.96M | $11.66M | $9.01M | $7.66M |
| Operating Income | $-15.15M | $-15.15M | $-8.12M | $-9.42M | $-14.83M | $-15.97M | $-8.62M | $-14.86M | $-8.12M | $-11.75M | $-3.05M | $-2.73M | $41.00K | $-869.00K | $136.00K | $-250.00K |
| Operating Margin % | -44.5% | -44.5% | -21.4% | -21.1% | -28.0% | -32.2% | -20.7% | -43.9% | -21.3% | -31.2% | -7.2% | -5.9% | 0.1% | -2.3% | 0.5% | -1.0% |
| Interest Expense | $1.11M | $1.11M | $5.48M | $6.11M | $5.22M | $1.20M | $1.31M | $1.29M | $2.20M | $3.49M | $1.72M | $1.23M | $793.00K | $651.00K | $660.00K | $691.00K |
| Income Before Tax | - | - | - | - | - | - | - | - | - | - | - | - | $-752.00K | $-1.52M | - | - |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | $2.00K | - | - | - |
| Net Income | $-15.84M | $-15.84M | $-13.15M | $-15.52M | $-20.06M | $-16.40M | $-10.18M | $-16.11M | $-10.32M | $-18.37M | $-5.01M | $-3.96M | $-754.00K | $-1.52M | $-524.00K | $-941.00K |
| Net Margin % | -46.5% | -46.5% | -34.7% | -34.7% | -37.8% | -33.1% | -24.5% | -47.6% | -27.1% | -48.7% | -11.8% | -8.6% | -1.7% | -4.1% | -1.7% | -3.8% |
| Basic EPS | nan | -1.91 | -1.64 | -4.39 | -9.07 | -8.99 | nan | nan | nan | nan | nan | nan | nan | -0.12 | -0.05 | -0.09 |
| Diluted EPS | nan | -1.91 | -1.64 | -4.39 | -9.07 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 8.3M | 1.3M | 3.5M | 2.2M | 1.8M | - | - | - | - | - | - | - | 12.5M | 11.4M | 10.8M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $10.42M | $10.39M | $603.00K | $533.00K | $49.00K | $595.00K | $913.00K | $624.00K | $12.13M | $451.00K | $1.82M | $959.00K | $1.10M | $1.16M | $713.00K |
| Accounts Receivable | $2.32M | $3.98M | $4.79M | $5.67M | $5.18M | $4.72M | $2.10M | $2.61M | $2.69M | $2.48M | $2.89M | $2.50M | $2.14M | $1.96M | $1.63M |
| Inventory | $8.05M | $8.11M | $11.30M | $16.18M | $17.05M | $11.12M | $10.51M | $7.38M | $5.93M | $6.88M | $7.93M | $6.31M | $6.29M | $5.79M | $6.10M |
| Other Current Assets | $673.00K | $683.00K | $811.00K | $939.00K | $1.49M | $1.34M | $420.00K | $131.00K | $199.00K | $500.00K | $769.00K | $447.00K | $178.00K | - | - |
| Total Current Assets | $21.46M | $23.31M | $17.76M | $24.09M | $24.70M | $18.45M | $14.30M | $10.94M | $20.95M | $10.32M | $13.45M | $11.50M | $9.97M | $9.33M | $8.73M |
| Property Plant & Equipment | $1.23M | $1.19M | $493.00K | $766.00K | $992.00K | $920.00K | $1.05M | $896.00K | $353.00K | $7.73M | $5.37M | $4.57M | $3.69M | $3.42M | $3.51M |
| Intangible Assets | $650.00K | $644.00K | $629.00K | $626.00K | $624.00K | $615.00K | $576.00K | $576.00K | $805.00K | $805.00K | $1.03M | - | - | - | - |
| Total Assets | $23.34M | $25.14M | $18.88M | $25.49M | $26.32M | $20.06M | $15.99M | $12.49M | $24.48M | $18.85M | $19.85M | $17.10M | $14.75M | $13.84M | $13.36M |
| Accounts Payable | $3.50M | $6.96M | $9.13M | $9.80M | $10.43M | $6.75M | $5.54M | $5.72M | $7.48M | $5.96M | $7.46M | $5.89M | $3.61M | $3.37M | $2.31M |
| Accrued Liabilities | $669.00K | $984.00K | $1.10M | $233.00K | $286.00K | $895.00K | $646.00K | $1.48M | $220.00K | $215.00K | $168.00K | $130.00K | $136.00K | $214.00K | $196.00K |
| Total Current Liabilities | $13.39M | $17.66M | $27.19M | $25.66M | $21.72M | $8.93M | $9.41M | $14.23M | $18.64M | $11.88M | $12.72M | $9.29M | $8.63M | $7.03M | $6.07M |
| Long-term Debt | - | - | - | - | - | - | - | - | $1.25M | $1.36M | $1.44M | $1.51M | $2.15M | $2.21M | $2.25M |
| Other Non-current Liabilities | - | - | - | - | - | - | - | - | $111.00K | $130.00K | - | - | - | - | - |
| Total Liabilities | $14.19M | $18.49M | $38.06M | $33.96M | $22.12M | $9.65M | $14.85M | $19.23M | $23.97M | $20.51M | $19.07M | $13.45M | $11.36M | $9.74M | $9.05M |
| Common Stock | $5.00K | $1.00K | - | - | $9.00K | $9.00K | $5.00K | $3.00K | $2.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K |
| Retained Earnings | $-167.73M | $-151.88M | $-138.73M | $-123.20M | $-103.14M | $-86.73M | $-76.55M | $-60.43M | $-50.10M | $-31.72M | $-26.71M | $-22.74M | $-21.98M | $-20.46M | $-19.89M |
| Total Stockholders Equity | $9.15M | $6.65M | $-19.18M | $-8.47M | $4.20M | $10.40M | $1.15M | $-6.74M | $508.00K | $-1.66M | $785.00K | $3.65M | $3.39M | $4.10M | $4.30M |
| Total Liabilities & Equity | $23.34M | $25.14M | $18.88M | $25.49M | $26.32M | $20.06M | $15.99M | $12.49M | $24.48M | $18.85M | $19.85M | $17.10M | $14.75M | $13.84M | $13.36M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-15.84M | $-15.84M | $-13.15M | $-15.52M | $-20.06M | $-16.40M | $-10.18M | $-16.11M | $-10.32M | $-18.37M | $-5.01M | $-3.96M | $-754.00K | $-1.52M | $-524.00K | $-941.00K |
| Depreciation & Amortization | - | - | - | - | $108.00K | $143.00K | $88.00K | $61.00K | $86.00K | $551.00K | $642.00K | $933.00K | $755.00K | $550.00K | $738.00K | $653.00K |
| Stock-based Compensation | - | $59.00K | $528.00K | - | - | - | - | - | - | $276.00K | $658.00K | $877.00K | - | - | - | - |
| Change in Receivables | $387.00K | $-743.00K | $1.27M | $-275.00K | $525.00K | $446.00K | $2.48M | $-757.00K | $-61.00K | $551.00K | $-509.00K | $497.00K | $428.00K | $-107.00K | $-599.00K | $-361.00K |
| Change in Inventory | $12.87M | $1.95M | $-2.91M | $-2.65M | $-531.00K | $5.87M | $159.00K | $3.58M | $1.16M | $-560.00K | $-1.09M | $1.62M | $13.00K | $-499.00K | $305.00K | $-1.54M |
| Change in Payables | $-719.00K | $-3.35M | $-1.39M | $-1.07M | $-629.00K | $3.69M | $1.39M | $-182.00K | $-1.76M | $1.52M | $-1.50M | $1.56M | $2.28M | $244.00K | $1.06M | $-276.00K |
| Operating Cash Flow | $-32.81M | $-17.04M | $-6.12M | $-4.27M | $-15.53M | $-17.59M | $-9.50M | $-18.16M | $-9.26M | $-3.42M | $-2.53M | $-1.35M | $1.02M | $-1.19M | $1.18M | $-2.26M |
| Capital Expenditure | $440.00K | $272.00K | $152.00K | $85.00K | - | $326.00K | $122.00K | $322.00K | $159.00K | $813.00K | $410.00K | $532.00K | $330.00K | $602.00K | $507.00K | $356.00K |
| Investing Cash Flow | $-428.00K | $-253.00K | $-167.00K | $-20.00K | $-2.00K | $-335.00K | $-161.00K | $-277.00K | $942.00K | $-813.00K | $-410.00K | $-532.00K | $-330.00K | $-602.00K | $-507.00K | $-356.00K |
| Debt Repayment | - | $650.00K | - | - | - | - | - | - | $253.00K | $191.00K | $160.00K | $134.00K | $111.00K | $90.00K | $71.00K | $54.00K |
| Stock Issued | - | $18.18M | $11.88M | $4.02M | $5.03M | $7.33M | $16.56M | $22.34M | - | $13.09M | $2.23M | - | - | - | - | $672.00K |
| Stock Repurchased | - | - | - | $1.00K | $2.00K | $15.00K | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $20.03M | $17.32M | $16.08M | $4.36M | $16.02M | $17.38M | $9.34M | $18.73M | $-3.19M | $15.91M | $1.58M | $2.74M | $-831.00K | $1.74M | $-220.00K | $2.25M |
| Net Change in Cash | $-13.21M | $33.00K | $9.79M | $70.00K | $484.00K | $-546.00K | $-318.00K | $289.00K | $-11.50M | - | - | - | - | - | - | $-371.00K |
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.