$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) |
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 | $19.10M | $19.65M | $28.25M | $37.01M | $21.41M | $10.51M | $10.44M | $11.29M | $14.58M | $16.57M | $20.03M | $17.44M | $17.83M | $17.62M | $19.58M |
| Revenue Growth % | -2.8% | -30.4% | -23.7% | 72.8% | 103.6% | 0.7% | -7.5% | -22.5% | -12.0% | -17.3% | 14.8% | -2.1% | 1.2% | -10.0% | nan% |
| Cost of Revenue | $14.77M | $14.16M | $22.49M | $34.69M | $15.75M | $6.45M | $7.21M | $7.33M | $10.03M | $11.27M | $11.68M | $7.52M | $7.72M | $8.14M | $10.81M |
| Gross Profit | $4.33M | $5.49M | $5.76M | $2.32M | $5.66M | $4.06M | $3.23M | $3.96M | $4.54M | $5.30M | $8.35M | $9.92M | $10.11M | $9.48M | $8.77M |
| Gross Margin % | 22.7% | 27.9% | 20.4% | 6.3% | 26.4% | 38.6% | 31.0% | 35.1% | 31.2% | 32.0% | 41.7% | 56.9% | 56.7% | 53.8% | 44.8% |
| Research & Development | $501.60K | $1.34M | $2.62M | $2.29M | $1.93M | $1.84M | $2.01M | $1.44M | $3.15M | $3.19M | $2.98M | $2.91M | $3.67M | $2.53M | $2.77M |
| Selling General & Admin | $10.78M | $20.69M | $28.00M | $32.06M | $20.42M | $11.73M | $9.27M | $14.52M | $15.74M | $17.79M | $15.97M | $12.81M | $12.36M | $11.17M | $12.40M |
| Operating Income | $-6.46M | $-15.20M | $-22.24M | $-29.73M | $-14.76M | $-7.66M | $-6.03M | $-10.56M | $-11.20M | $-12.49M | $-7.62M | $-2.89M | $-2.25M | $-1.69M | $3.62M |
| Operating Margin % | -33.8% | -77.4% | -78.7% | -80.3% | -68.9% | -72.9% | -57.8% | -93.5% | -76.8% | -75.3% | -38.0% | -16.6% | -12.6% | -9.6% | 18.5% |
| Interest Expense | $473.77K | $753.57K | $3.13M | $37.20K | $28.60K | $342.38K | $43.37K | $1.37M | $733.74K | $3.10K | $282.23K | $499.74K | $277.96K | $294.56K | $-222.46K |
| Interest Income | $102.25K | $69.51K | $95.72K | $131.03K | $310.20K | $47.89K | $37.41K | $19.52K | $11.82K | $26.20K | $21.16K | $13.66K | $11.39K | $10.09K | $-16.11K |
| Other Income/Expense | $-1.61M | $-6.51M | $144.74K | - | $40.29M | $5.04M | $-3.97M | $-4.99M | - | - | $1.88K | $-5.59K | $19.07K | - | - |
| Income Before Tax | $-8.48M | $-21.72M | $-25.46M | $-18.87M | $25.53M | $-2.63M | $-10.01M | $-15.54M | $-12.34M | $-12.71M | $-12.04M | $-9.16M | $-2.50M | $-1.97M | $-3.96M |
| Income Tax Expense | - | - | - | - | - | - | - | - | $-90.00K | - | - | - | - | - | $-3.96M |
| Net Income | $-8.48M | $-21.72M | $-25.46M | $-18.87M | $25.47M | $-2.63M | $-10.01M | $-15.54M | $-12.25M | $-12.71M | $-12.04M | $-9.16M | $-2.50M | $-1.97M | $3.96M |
| Net Margin % | -44.4% | -110.5% | -90.1% | -51.0% | 119.0% | -25.0% | -95.8% | -137.7% | -84.0% | -76.7% | -60.1% | -52.5% | -14.0% | -11.2% | 20.2% |
| Basic EPS | -4.07 | -5.58 | -9.22 | -8.50 | 0.51 | -0.12 | -0.87 | -1.93 | -1.76 | -2.38 | -2.77 | -3.54 | -1.17 | -0.97 | -0.25 |
| Diluted EPS | -4.07 | -5.58 | -9.22 | -8.50 | 0.51 | -0.12 | -0.87 | -1.93 | -1.76 | -2.38 | -2.77 | -3.54 | -1.17 | -0.97 | -0.25 |
| Basic Shares Outstanding | 1.7M | 3.6M | 2.8M | 2.5M | 50.2M | 21.6M | 11.5M | 8.1M | 7.0M | 5.3M | 4.3M | 2.6M | 2.1M | 2.0M | 16.2M |
| Diluted Shares Outstanding | 1.7M | 3.6M | 2.8M | 2.5M | 50.2M | 21.6M | 11.5M | 8.1M | 7.0M | 5.3M | 4.3M | 2.6M | 2.1M | 2.0M | 16.2M |
| 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) |
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 | $454.31K | $680.55K | $3.53M | $32.01M | $4.36M | $359.69K | $3.60M | $54.71K | $3.88M | $6.92M | $3.05M | $454.98K | $703.17K | $2.27M |
| Accounts Receivable | $1.30M | $1.58M | $2.04M | $2.73M | $1.71M | $1.07M | $1.85M | $1.98M | $2.52M | $3.37M | $3.04M | $1.84M | $2.96M | $2.85M |
| Inventory | $2.59M | $3.85M | $6.84M | $9.66M | $8.20M | $5.28M | $7.00M | $8.75M | $9.59M | $10.66M | $9.24M | $8.05M | $7.29M | $6.68M |
| Total Current Assets | $10.35M | $15.58M | $24.96M | $56.14M | $17.83M | $7.65M | $13.30M | $11.83M | $16.73M | $21.68M | $17.35M | $10.89M | $11.28M | $12.21M |
| Property Plant & Equipment | $365.86K | $7.28M | $7.90M | $6.84M | $666.80K | $197.06K | $247.54K | $638.17K | $873.90K | $1.06M | $1.05M | $938.07K | $938.79K | $860.89K |
| Intangible Assets | - | - | - | - | $392.56K | $413.27K | $486.80K | $497.18K | $467.18K | $410.26K | $245.68K | $267.28K | $217.66K | $226.80K |
| Other Non-current Assets | $5.64M | $6.60M | $5.16M | $2.11M | $1.15M | $532.50K | $256.75K | $115.04K | $261.92K | $316.52K | $234.34K | $245.04K | $241.45K | $97.85K |
| Total Assets | $27.74M | $47.03M | $56.67M | $82.99M | $20.80M | $8.92M | $14.34M | $13.17M | $18.84M | $23.47M | $18.87M | $13.01M | $13.34M | $13.40M |
| Accounts Payable | $11.49M | $10.73M | $9.48M | $4.57M | $1.14M | $2.34M | $784.60K | $3.19M | $2.46M | $1.37M | $2.41M | $1.44M | $1.52M | $847.04K |
| Short-term Debt | - | - | $485.37K | $389.93K | $11.73K | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $1.51M | $3.27M | $1.09M | $1.18M | $796.09K | $845.88K | $2.08M | $1.24M | $1.54M | $936.33K | $1.14M | $1.47M | - | - |
| Deferred Revenue | $4.22M | $2.94M | $2.15M | $1.67M | $1.65M | $1.71M | $1.75M | $1.41M | $925.93K | $568.99K | $138.05K | $6.00K | - | - |
| Total Current Liabilities | $29.73M | $22.55M | $13.51M | $23.02M | $3.72M | $6.89M | $4.62M | $10.15M | $5.00M | $2.99M | $10.41M | $3.02M | $2.39M | $1.73M |
| 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 | $15.23M | $15.75M | $12.31M | $11.08M | $4.72M | $12.61M | - | - | - |
| Common Stock | $5.81K | $2.80K | $2.72K | $50.90K | $26.84K | $12.08K | $10.45K | $7.04K | $5.55K | $5.24K | $3.09K | $2.28K | $2.10K | $16.66K |
| Retained Earnings | $-137.51M | $-117.67M | $-91.98M | $-68.67M | $-90.01M | $-87.39M | $-77.38M | $-61.91M | $-49.66M | $-36.95M | $-24.91M | $-15.75M | $-13.25M | $-11.28M |
| Treasury Stock | - | - | - | - | $2.16M | $2.16M | $2.16M | $2.16M | $2.16M | $2.16M | $2.16M | $2.16M | $2.16M | $2.16M |
| Total Stockholders Equity | $-9.01M | $11.45M | $36.34M | $55.86M | $14.36M | $-6.32M | $-1.41M | $863.75K | $7.76M | $18.76M | $6.26M | $7.05M | $7.90M | $9.31M |
| Total Liabilities & Equity | $27.74M | $47.03M | $56.67M | $82.99M | $20.80M | $8.92M | $14.34M | $13.17M | $18.84M | $23.47M | $18.87M | $13.01M | $13.34M | $13.40M |
| 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) |
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 | $-4.21M | $-21.72M | $-25.46M | $-18.87M | $25.47M | $-2.63M | $-10.01M | $-15.54M | $-12.25M | $-12.71M | $-12.04M | $-9.16M | $-2.50M | $-1.97M | $3.96M |
| Depreciation & Amortization | $3.02M | $2.02M | $2.22M | $2.18M | $822.49K | $250.16K | $390.15K | $500.18K | $681.93K | $574.08K | $547.77K | $605.79K | $429.00K | $672.09K | $1.06M |
| Stock-based Compensation | $124.68K | $128.52K | $452.07K | $1.28M | $1.61M | $1.46M | $2.11M | $2.27M | $1.75M | $1.59M | $1.62M | $834.59K | $705.61K | $521.43K | $839.23K |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $-507.60K | $1.02M | $-411.46K | $-722.50K | $29.84K | $634.44K | $-716.87K | $-131.05K | $-540.25K | $-854.72K | $334.03K | $1.22M | $1.14M | $-48.80K | $1.91M |
| Change in Inventory | $-3.25M | $-3.67M | $-3.94M | $-1.25M | $1.43M | $3.20M | $-862.41K | $-1.15M | $155.18K | $-277.95K | $2.02M | $1.54M | $-635.13K | $-441.58K | $3.04M |
| Change in Payables | $-14.87M | $2.50M | $1.81M | $4.71M | $-1.91M | $-1.20M | $1.56M | $-2.35M | $737.69K | $1.08M | $-1.04M | $969.73K | $-79.06K | $673.17K | $-2.31M |
| Operating Cash Flow | $-24.42M | $-5.11M | $-9.89M | $-18.58M | $-17.83M | $-13.28M | $-1.12M | $-9.01M | $-6.35M | $-5.90M | $-7.69M | $-3.17M | $-564.66K | $-440.97K | $945.52K |
| Capital Expenditure | - | - | - | $2.07M | $6.43M | $621.86K | $204.01K | $42.53K | $322.71K | $340.67K | $423.06K | $433.93K | $275.47K | $389.04K | $120.98K |
| Investing Cash Flow | $-752.78K | $387.55K | $-240.71K | $-2.94M | $-19.12M | $-1.50M | $-266.14K | $-70.95K | $-476.20K | $-940.71K | $881.05K | $-1.35M | $-336.99K | $-1.08M | $-151.10K |
| Stock Issued | - | - | - | - | - | $12.83M | - | - | $2.78M | - | $11.22M | - | $739.57K | - | $190.23K |
| Stock Repurchased | - | - | - | $4.03M | $1.98M | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $29.03M | $4.40M | $7.38M | $-6.95M | $64.60M | $18.78M | $-1.85M | $12.13M | $3.00M | $3.80M | $10.68M | $7.12M | $653.46K | $-48.16K | $852.50K |
| Net Change in Cash | $3.86M | $-323.83K | $-2.75M | $-28.48M | $27.65M | $4.00M | $-3.24M | $3.04M | $-3.83M | $-3.04M | $3.87M | $2.59M | $-248.19K | $-1.57M | $1.65M |
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.