$99.76M
Revenue
$-6.46M
Net Income
26.84%
Gross Margin
-3.06%
Op. Margin
$-9.22M
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 | $51.30M | $24.88M | $11.23M | $12.35M | $12.97M | $13.27M | $20.78M |
| Revenue Growth % (YoY) | 295.5% | 87.4% | -46.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $24.87M | $18.66M | $15.65M | $13.81M | $19.03M | $21.94M | $24.37M |
| Gross Profit | $26.43M | $6.22M | $-4.42M | $-1.45M | $-6.06M | $-8.67M | $-3.59M |
| Gross Margin % | 51.5% | 25.0% | -39.4% | -11.8% | -46.7% | -65.3% | -17.3% |
| Operating Expenses | $6.48M | $9.94M | $7.08M | $6.34M | $6.51M | $5.44M | $7.69M |
| Operating Income | $19.95M | $-3.71M | $-11.50M | $-7.79M | $-12.57M | $-14.11M | $-11.28M |
| Operating Margin % | 38.9% | -14.9% | -102.4% | -63.1% | -96.9% | -106.3% | -54.3% |
| Other Income/Expense | $15.12M | $-7.34M | $-5.30M | $-4.31M | $14.15M | $-2.98M | $-6.35M |
| Income Tax Expense | $1.95M | $941.00K | $-13.00K | $527.00K | $-1.43M | $-3.62M | $16.46M |
| Net Income | $18.00M | $-4.66M | $-11.49M | $-8.32M | $-11.14M | $-10.49M | $-27.73M |
| Net Margin % | 35.1% | -18.7% | -102.3% | -67.3% | -85.9% | -79.1% | -133.5% |
| Basic EPS | nan | -0.03 | -0.09 | -0.07 | nan | -0.11 | -0.30 |
| Diluted EPS | nan | -0.03 | -0.09 | -0.07 | nan | -0.11 | -0.30 |
| Basic Shares Outstanding | - | 142.9M | 131.6M | 112.4M | - | 93.3M | 91.0M |
| Diluted Shares Outstanding | - | 142.9M | 131.6M | 112.4M | - | 93.3M | 91.0M |
| 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 | $25.01M | $9.80M | $12.67M | $4.89M | $1.63M | $1.35M | $5.34M |
| Accounts Receivable | $13.25M | $12.94M | $3.62M | $3.23M | $2.18M | $5.41M | $4.58M |
| Inventory | $8.23M | $7.20M | $6.74M | $6.39M | $6.94M | $7.82M | $8.98M |
| Other Current Assets | $598.00K | $1.29M | $3.24M | $5.68M | $755.00K | $7.38M | $7.70M |
| Total Current Assets | $49.28M | $31.23M | $26.28M | $20.20M | $16.58M | $21.97M | $26.60M |
| Property Plant & Equipment | $134.66M | $132.45M | $128.69M | $127.33M | $128.39M | $130.89M | $131.79M |
| Other Non-current Assets | $124.00K | $661.00K | $172.00K | $130.00K | $905.00K | $2.35M | $4.07M |
| Total Assets | $184.06M | $164.34M | $155.14M | $147.66M | $145.87M | $155.45M | $162.73M |
| Accounts Payable | $7.36M | $13.86M | $13.27M | $10.63M | $11.26M | $12.37M | $10.28M |
| Accrued Liabilities | $7.04M | $3.91M | $2.46M | $3.01M | $3.03M | $3.35M | $1.55M |
| Total Current Liabilities | $17.26M | $18.40M | $15.92M | $14.04M | $14.48M | $15.88M | $12.27M |
| Long-term Debt | - | - | $5.74M | - | - | - | - |
| Deferred Tax Liabilities | $15.53M | $15.26M | $14.52M | $14.47M | $14.04M | $14.92M | $16.88M |
| Other Non-current Liabilities | $2.58M | $2.23M | $2.01M | $1.69M | $1.58M | $2.03M | $1.93M |
| Total Liabilities | $140.03M | $138.38M | $135.98M | $123.07M | $118.59M | $98.14M | $95.71M |
| Common Stock | $162.00K | $162.00K | $137.00K | $121.00K | $96.00K | $94.00K | $93.00K |
| Retained Earnings | $-87.54M | $-105.54M | $-100.88M | $-89.40M | $-81.08M | $-50.56M | $-40.07M |
| Treasury Stock | $5.88M | $5.88M | $5.88M | $5.88M | $5.88M | $5.88M | $5.88M |
| Total Stockholders Equity | $44.03M | $25.96M | $19.16M | $24.58M | $27.28M | $57.31M | $67.02M |
| Total Liabilities & Equity | $184.06M | $164.34M | $155.14M | $147.66M | $145.87M | $155.45M | $162.73M |
| 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 | $18.00M | $-4.66M | $-19.80M | $-8.32M | $-11.14M | $-42.25M | $-31.75M |
| Depreciation & Amortization | $3.78M | $8.42M | $5.52M | $2.92M | $4.29M | $15.59M | $11.01M |
| Stock-based Compensation | $-51.00K | $403.00K | $395.00K | $400.00K | $30.00K | $647.00K | $444.00K |
| Change in Receivables | $314.00K | $10.76M | $1.44M | $1.05M | $-3.23M | $1.08M | $242.00K |
| Change in Inventory | $950.00K | $536.00K | $-310.00K | $-514.00K | $-637.00K | $-1.19M | $-436.00K |
| Change in Payables | $-2.71M | $2.44M | $-213.00K | $-454.00K | $-196.00K | $4.94M | $1.80M |
| Operating Cash Flow | $24.16M | $-2.46M | $-2.13M | $-828.00K | $1.33M | $-1.95M | $1.42M |
| Capital Expenditure | $8.87M | $12.19M | $4.72M | $2.18M | $1.27M | $6.35M | $4.01M |
| Investing Cash Flow | $-8.87M | $-11.33M | $-3.87M | $-1.33M | $-1.27M | $-5.17M | $-4.01M |
| Stock Issued | - | $8.64M | - | - | $306.00K | $2.43M | $1.83M |
| Financing Cash Flow | - | $22.11M | $17.12M | $5.48M | $306.00K | $2.40M | $1.80M |
| Net Change in Cash | $15.21M | $8.17M | $11.04M | $3.26M | $276.00K | $-4.90M | $-912.00K |
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 | $24.88M | $13.27M | $48.46M | $52.76M |
| Cost of Revenue | $18.66M | $21.94M | $48.11M | $67.19M |
| Gross Profit | $6.22M | $-8.67M | $349.00K | $-14.43M |
| Operating Expenses | $9.94M | $7.62M | $23.35M | $20.24M |
| Operating Income | $-3.71M | $-16.29M | $-23.00M | $-34.67M |
| Other Income/Expense | $-7.34M | $-5.17M | $-16.95M | $-14.25M |
| Income Tax Expense | $941.00K | $-3.61M | $1.46M | $10.69M |
| Net Income | $-4.66M | $-12.68M | $-24.46M | $-45.36M |
| Basic EPS | -0.03 | -0.14 | -0.19 | -0.50 |
| Diluted EPS | -0.03 | -0.14 | -0.19 | -0.50 |
| Basic Shares Outstanding | $142.91M | $93.28M | $129.08M | $91.01M |
| Diluted Shares Outstanding | $142.91M | $93.28M | $129.08M | $91.01M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $9.80M | $1.63M |
| Accounts Receivable | $12.94M | $2.18M |
| Inventory | $7.20M | $6.94M |
| Other Current Assets | $1.29M | $5.83M |
| Total Current Assets | $31.23M | $16.58M |
| Property Plant & Equipment | $132.45M | $128.39M |
| Other Non-current Assets | $661.00K | $905.00K |
| Total Assets | $164.34M | $145.87M |
| Accounts Payable | $13.86M | $11.26M |
| Accrued Liabilities | $3.91M | $3.03M |
| Total Current Liabilities | $18.40M | $14.48M |
| Deferred Tax Liabilities | $15.26M | $14.04M |
| Other Non-current Liabilities | $2.23M | $1.58M |
| Total Liabilities | $138.38M | $118.59M |
| Common Stock | $162.00K | $96.00K |
| Retained Earnings | $-105.54M | $-81.08M |
| Treasury Stock | $5.88M | $5.88M |
| Total Stockholders Equity | $25.96M | $27.28M |
| Total Liabilities & Equity | $164.34M | $145.87M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.66M | $-12.68M | $-24.46M | $-45.36M |
| Depreciation & Amortization | - | - | $8.42M | $15.59M |
| Stock-based Compensation | $403.00K | $203.00K | $1.20M | $647.00K |
| Change in Receivables | - | - | $10.76M | $1.08M |
| Change in Inventory | - | - | $536.00K | $-1.19M |
| Change in Payables | - | - | $2.44M | $4.01M |
| Operating Cash Flow | - | - | $-2.46M | $-1.95M |
| Capital Expenditure | - | - | $12.19M | $6.35M |
| Investing Cash Flow | - | - | $-11.33M | $-5.17M |
| Stock Issued | - | - | $8.64M | $2.43M |
| Financing Cash Flow | - | - | $22.11M | $2.40M |
| Net Change in Cash | - | - | $8.17M | $-4.90M |
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.