$19.10M
Revenue
$-8.48M
Net Income
22.65%
Gross Margin
-33.81%
Op. Margin
$-24.42M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $19.10M | $19.65M | $28.25M | $37.01M | $21.41M | $10.51M |
| Revenue Growth % | -2.8% | -30.4% | -23.7% | 72.8% | 103.6% | nan% |
| Cost of Revenue | $14.77M | $14.16M | $22.49M | $34.69M | $15.75M | $6.45M |
| Gross Profit | $4.33M | $5.49M | $5.76M | $2.32M | $5.66M | $4.06M |
| Gross Margin % | 22.7% | 27.9% | 20.4% | 6.3% | 26.4% | 38.6% |
| Research & Development | $501.60K | $1.34M | $2.62M | $2.29M | $1.93M | $1.84M |
| Selling General & Admin | $10.78M | $20.69M | $28.00M | $32.06M | $20.42M | $11.73M |
| Operating Income | $-6.46M | $-15.20M | $-22.24M | $-29.73M | $-14.76M | $-7.66M |
| Operating Margin % | -33.8% | -77.4% | -78.7% | -80.3% | -68.9% | -72.9% |
| Interest Expense | $473.77K | $753.57K | $3.13M | $37.20K | $28.60K | $342.38K |
| Interest Income | $102.25K | $69.51K | $95.72K | $131.03K | $310.20K | $47.89K |
| Other Income/Expense | $-1.61M | $-6.51M | $144.74K | - | $40.29M | $5.04M |
| Income Before Tax | $-8.48M | $-21.72M | $-25.46M | $-18.87M | $25.53M | $-2.63M |
| Net Income | $-8.48M | $-21.72M | $-25.46M | $-18.87M | $25.47M | $-2.63M |
| Net Margin % | -44.4% | -110.5% | -90.1% | -51.0% | 119.0% | -25.0% |
| Basic EPS | -4.07 | -5.58 | -9.22 | -8.50 | 0.51 | -0.12 |
| Diluted EPS | -4.07 | -5.58 | -9.22 | -8.50 | 0.51 | -0.12 |
| Basic Shares Outstanding | 1.7M | 3.6M | 2.8M | 2.5M | 50.2M | 21.6M |
| Diluted Shares Outstanding | 1.7M | 3.6M | 2.8M | 2.5M | 50.2M | 21.6M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $454.31K | $680.55K | $3.53M | $32.01M | $4.36M |
| Accounts Receivable | $1.30M | $1.58M | $2.04M | $2.73M | $1.71M |
| Inventory | $2.59M | $3.85M | $6.84M | $9.66M | $8.20M |
| Total Current Assets | $10.35M | $15.58M | $24.96M | $56.14M | $17.83M |
| Property Plant & Equipment | $365.86K | $7.28M | $7.90M | $6.84M | $666.80K |
| Intangible Assets | - | - | - | - | $392.56K |
| Other Non-current Assets | $5.64M | $6.60M | $5.16M | $2.11M | $1.15M |
| Total Assets | $27.74M | $47.03M | $56.67M | $82.99M | $20.80M |
| Accounts Payable | $11.49M | $10.73M | $9.48M | $4.57M | $1.14M |
| Short-term Debt | - | - | $485.37K | $389.93K | $11.73K |
| Accrued Liabilities | $1.51M | $3.27M | $1.09M | $1.18M | $796.09K |
| Deferred Revenue | $4.22M | $2.94M | $2.15M | $1.67M | $1.65M |
| Total Current Liabilities | $29.73M | $22.55M | $13.51M | $23.02M | $3.72M |
| Long-term Debt | $141.08K | $4.85M | $442.47K | $727.28K | $148.27K |
| Total Liabilities | $36.75M | $35.58M | $20.33M | $27.13M | $6.44M |
| Common Stock | $5.81K | $2.80K | $2.72K | $50.90K | $26.84K |
| Retained Earnings | $-137.51M | $-117.67M | $-91.98M | $-68.67M | $-90.01M |
| Treasury Stock | - | - | - | - | $2.16M |
| Total Stockholders Equity | $-9.01M | $11.45M | $36.34M | $55.86M | $14.36M |
| Total Liabilities & Equity | $27.74M | $47.03M | $56.67M | $82.99M | $20.80M |
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Net Income | $-4.21M | $-21.72M | $-25.46M | $-18.87M | $25.47M | $-2.63M |
| Depreciation & Amortization | $3.02M | $2.02M | $2.22M | $2.18M | $822.49K | $250.16K |
| Stock-based Compensation | $124.68K | $128.52K | $452.07K | $1.28M | $1.61M | $1.46M |
| Change in Receivables | $-507.60K | $1.02M | $-411.46K | $-722.50K | $29.84K | $634.44K |
| Change in Inventory | $-3.25M | $-3.67M | $-3.94M | $-1.25M | $1.43M | $3.20M |
| Change in Payables | $-14.87M | $2.50M | $1.81M | $4.71M | $-1.91M | $-1.20M |
| Operating Cash Flow | $-24.42M | $-5.11M | $-9.89M | $-18.58M | $-17.83M | $-13.28M |
| Capital Expenditure | - | - | - | $2.07M | $6.43M | $621.86K |
| Investing Cash Flow | $-752.78K | $387.55K | $-240.71K | $-2.94M | $-19.12M | $-1.50M |
| Stock Issued | - | - | - | - | - | $12.83M |
| Stock Repurchased | - | - | - | $4.03M | $1.98M | - |
| Financing Cash Flow | $29.03M | $4.40M | $7.38M | $-6.95M | $64.60M | $18.78M |
| Net Change in Cash | $3.86M | $-323.83K | $-2.75M | $-28.48M | $27.65M | $4.00M |
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 | $4.54M | - | $14.64M | - |
| Cost of Revenue | $3.17M | - | $12.30M | - |
| Gross Profit | $1.37M | - | $2.34M | - |
| Research & Development | $137.75K | - | $405.98K | - |
| Selling General & Admin | $2.49M | - | $8.53M | - |
| Operating Income | $-1.12M | - | $-6.19M | - |
| Interest Expense | $90.70K | - | $960.25K | - |
| Interest Income | $17.89K | - | $95.81K | - |
| Other Income/Expense | $158.44K | - | $5.01M | - |
| Income Before Tax | $-963.34K | - | $-1.19M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-963.34K | $-5.01M | $-1.19M | - |
| Basic EPS | -0.59 | - | -1.40 | - |
| Diluted EPS | -0.59 | - | -1.40 | - |
| Basic Shares Outstanding | $1.73M | - | $930.39K | - |
| Diluted Shares Outstanding | $1.73M | - | $930.39K | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $793.36K | $454.31K |
| Accounts Receivable | $1.25M | $1.30M |
| Inventory | $2.62M | $2.59M |
| Total Current Assets | $9.68M | $10.35M |
| Property Plant & Equipment | $477.64K | $365.86K |
| Other Non-current Assets | $239.86K | $754.86K |
| Total Assets | $25.08M | $27.74M |
| Accounts Payable | $4.02M | $11.49M |
| Accrued Liabilities | $436.68K | $1.51M |
| Deferred Revenue | $3.72M | $4.22M |
| Total Current Liabilities | $9.80M | $29.73M |
| Total Liabilities | $17.56M | $36.75M |
| Common Stock | $1.73K | $3.00 |
| Retained Earnings | $-138.82M | $-137.51M |
| Total Stockholders Equity | $7.52M | $-9.01M |
| Total Liabilities & Equity | $25.08M | $27.74M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-963.34K | $-5.01M | $-1.19M | - |
| Depreciation & Amortization | - | - | $1.28M | - |
| Stock-based Compensation | - | - | $32.45K | - |
| Change in Receivables | - | - | $-158.25K | - |
| Change in Inventory | - | - | $-366.30K | - |
| Change in Payables | - | - | $-5.22M | - |
| Operating Cash Flow | - | - | $-9.00M | - |
| Capital Expenditure | - | - | $262.97K | - |
| Investing Cash Flow | - | - | $-349.32K | - |
| Financing Cash Flow | - | - | $9.68M | - |
| Net Change in Cash | - | - | $339.05K | - |
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.