$19.10M
Revenue
$-8.48M
Net Income
22.65%
Gross Margin
-33.81%
Op. Margin
$-24.42M
Free Cash Flow
| Breakdown | 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 | $4.54M | $5.63M | $4.48M | $4.45M | $4.05M | $5.62M |
| Revenue Growth % (YoY) | 12.0% | 0.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $3.17M | $6.26M | $2.87M | $2.47M | $2.31M | $5.37M |
| Gross Profit | $1.37M | $-632.62K | $1.60M | $1.99M | $1.74M | $242.39K |
| Gross Margin % | 30.2% | -11.2% | 35.8% | 44.6% | 42.9% | 4.3% |
| Research & Development | $137.75K | $183.81K | $84.42K | $95.61K | $210.82K | $545.78K |
| Selling General & Admin | $2.49M | $3.46M | $2.58M | $2.25M | $9.12M | $4.16M |
| Operating Income | $-1.12M | $-4.10M | $-974.68K | $-266.05K | $-7.38M | $-3.91M |
| Operating Margin % | -24.7% | -72.7% | -21.8% | -6.0% | -182.2% | -69.7% |
| Interest Expense | $90.70K | $26.90K | $31.61K | $324.57K | $429.00K | $293.44K |
| Interest Income | $17.89K | $45.95K | $31.98K | $6.45K | $13.78K | $29.93K |
| Other Income/Expense | $158.44K | $18.77K | $5.24M | $-7.03M | $8.92K | $30.45K |
| Income Before Tax | $-963.34K | $-4.49M | $4.27M | $-7.29M | $-5.47M | $-5.01M |
| Net Income | $-963.34K | $-4.49M | $4.27M | $-7.29M | $-5.47M | $-5.01M |
| Net Margin % | -21.2% | -79.7% | 95.3% | -163.7% | -135.0% | -89.2% |
| Basic EPS | -0.59 | -3.21 | 1.41 | -1.68 | -0.91 | -1.74 |
| Diluted EPS | -0.59 | -3.21 | 1.41 | -1.68 | -0.91 | -1.74 |
| Basic Shares Outstanding | 1.7M | 1.0M | 3.0M | 351K | 3.8M | 2.9M |
| Diluted Shares Outstanding | 1.7M | 1.0M | 3.0M | 351K | 3.8M | 2.9M |
| Breakdown | 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 | $793.36K | $622.82K | $3.76M | $454.31K | $415.13K | $517.11K |
| Accounts Receivable | $1.25M | $961.67K | $1.25M | $1.30M | $1.59M | $1.34M |
| Inventory | $2.62M | $2.47M | $2.49M | $2.59M | $2.33M | $2.22M |
| Total Current Assets | $9.68M | $9.67M | $14.04M | $10.35M | $14.32M | $14.24M |
| Property Plant & Equipment | $477.64K | $483.93K | $355.65K | $365.86K | $444.60K | $6.03M |
| Other Non-current Assets | $239.86K | $195.99K | $763.61K | $5.64M | $5.83M | $5.90M |
| Total Assets | $25.08M | $25.96M | $30.26M | $27.74M | $32.26M | $43.33M |
| Accounts Payable | $4.02M | $4.66M | $4.76M | $11.49M | $12.25M | $11.50M |
| Accrued Liabilities | $436.68K | $478.60K | $531.55K | $1.51M | $3.60M | $3.38M |
| Deferred Revenue | $3.72M | $3.35M | $4.19M | $4.22M | $4.07M | $3.09M |
| Total Current Liabilities | $9.80M | $9.55M | $10.66M | $29.73M | $27.50M | $27.68M |
| Long-term Debt | - | - | - | $141.08K | $141.95K | $4.90M |
| Total Liabilities | $17.56M | $17.81M | $18.69M | $36.75M | $34.71M | $40.28M |
| Common Stock | $1.73K | $1.73K | $5.78K | $5.81K | $4.03K | $3.50K |
| Retained Earnings | $-138.82M | $-137.79M | $-133.25M | $-137.51M | $-130.15M | $-126.68M |
| Total Stockholders Equity | $7.52M | $8.15M | $11.57M | $-9.01M | $-2.45M | $3.05M |
| Total Liabilities & Equity | $25.08M | $25.96M | $30.26M | $27.74M | $32.26M | $43.33M |
| Breakdown | 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 | $-963.34K | $-222.12K | $4.27M | $-7.29M | $-5.47M | $-8.95M |
| Depreciation & Amortization | $1.28M | $876.82K | $417.87K | $444.07K | $1.58M | $1.08M |
| Stock-based Compensation | $32.45K | $23.57K | $13.82K | $54.84K | $73.68K | $101.47K |
| Change in Receivables | $-158.25K | $-434.59K | $-123.40K | $208.64K | $809.52K | $284.77K |
| Change in Inventory | $-366.30K | $-627.92K | $-618.07K | $-1.64M | $-2.04M | $-2.08M |
| Change in Payables | $-5.22M | $-4.59M | $-4.51M | $-553.59K | $3.05M | $2.31M |
| Operating Cash Flow | $-9.00M | $-8.64M | $-5.75M | $-1.03M | $-4.09M | $-3.41M |
| Capital Expenditure | $262.97K | $220.15K | $42.47K | - | - | - |
| Investing Cash Flow | $-349.32K | $-313.04K | $-85.45K | $-4.97K | $392.52K | $36.50K |
| Financing Cash Flow | $9.68M | $9.13M | $9.15M | $1.07M | $3.33M | $3.21M |
| Net Change in Cash | $339.05K | $168.51K | $3.31M | $39.18K | $-363.02K | $-163.44K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.