$19.03M
Revenue
$-10.04M
Net Income
26.38%
Gross Margin
-49.57%
Op. Margin
$-30.90M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.88M | $5.74M | $4.95M | $1.46M | $3.24M | $1.51M | $1.07M | $1.53M | $1.53M | $1.77M | $2.64M | $5.93M | $4.02M |
| Revenue Growth % (YoY) | 112.3% | 279.7% | 362.5% | -4.3% | 111.6% | -14.7% | -59.5% | -74.3% | -61.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.36M | $4.22M | $3.64M | $1.79M | $2.32M | $1.73M | $976.05K | $1.22M | $1.30M | $1.53M | $2.11M | $3.79M | $2.92M |
| Gross Profit | $2.52M | $1.52M | $1.31M | $-329.95K | $919.10K | $-214.56K | $94.63K | $303.78K | $226.59K | $241.34K | $537.17K | $2.14M | $1.10M |
| Gross Margin % | 36.6% | 26.5% | 26.5% | -22.6% | 28.4% | -14.2% | 8.8% | 19.9% | 14.8% | 13.6% | 20.3% | 36.1% | 27.3% |
| Research & Development | $115.08K | $307.34K | $424.43K | $362.64K | $396.61K | $390.00K | $382.14K | $420.26K | $450.01K | $537.80K | $404.88K | $354.58K | $329.42K |
| Operating Income | $-1.12M | $-3.44M | $-1.79M | $-3.09M | $-1.92M | $-3.22M | $-2.76M | $-3.18M | $-2.97M | $-3.15M | $-2.15M | $-960.04K | $-1.87M |
| Operating Margin % | -16.2% | -60.0% | -36.1% | -211.2% | -59.3% | -212.9% | -257.9% | -208.4% | -194.1% | -177.9% | -81.2% | -16.2% | -46.5% |
| Interest Expense | $191.62K | $3.87K | $3.87K | $2.27K | $1.60K | $1.60K | $445.00 | $1.34K | $1.41K | $3.23K | $1.18K | $1.25K | $2.06K |
| Interest Income | $200.61K | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | $-3.49K | $8.75K | $32.54K | $-152.41K | $9.41K | $13.39K | $9.18K | $20.98K | $24.65K | $162.08K | $4.29K | $8.86K | $-53.99K |
| Net Income | $-1.04M | $-3.52M | $-2.08M | $-3.41M | $-1.40M | $-3.20M | $-2.75M | $-3.16M | $-2.95M | $-2.99M | $-2.14M | $-952.43K | $-1.93M |
| Net Margin % | -15.1% | -61.3% | -42.0% | -233.2% | -43.3% | -212.1% | -257.1% | -207.1% | -192.5% | -168.9% | -81.1% | -16.1% | -47.9% |
| Basic EPS | -0.06 | -0.30 | -0.18 | -0.41 | -0.18 | -0.43 | -0.38 | -0.44 | -0.41 | -0.42 | -0.30 | -0.10 | -0.30 |
| Diluted EPS | -0.06 | -0.30 | -0.18 | -0.41 | -0.18 | -0.43 | -0.38 | -0.44 | -0.41 | -0.42 | -0.30 | -0.10 | -0.30 |
| Basic Shares Outstanding | 17.3M | 11.8M | 11.4M | 242K | 7.7M | 7.5M | 7.3M | 15K | 7.2M | 7.2M | 7.2M | 316K | 6.5M |
| Diluted Shares Outstanding | 17.3M | 11.8M | 11.4M | 242K | 7.7M | 7.5M | 7.3M | 15K | 7.2M | 7.2M | 7.2M | 316K | 6.5M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $33.20M | $1.47M | $3.80M | $6.27M | $613.59K | $506.11K | $2.98M | $2.44M | $3.27M | $2.45M | $4.34M | $1.12M | $4.97M |
| Accounts Receivable | $136.29K | $227.80K | $215.06K | $403.44K | $1.60M | $128.79K | $596.09K | $1.46M | $258.87K | $286.87K | $717.35K | $3.42M | $2.23M |
| Inventory | $503.77K | $509.53K | $520.12K | $605.36K | $1.03M | $1.06M | $1.50M | $1.53M | $1.53M | $1.54M | $1.53M | $1.43M | $694.12K |
| Other Current Assets | $533.63K | $453.61K | $468.25K | $176.34K | $310.87K | $436.07K | $398.86K | $184.48K | $355.98K | $496.55K | $532.38K | $441.32K | $651.01K |
| Total Current Assets | $37.24M | $4.78M | $7.46M | $8.09M | $4.35M | $3.43M | $6.39M | $6.26M | $6.75M | $5.79M | $8.55M | $6.83M | $9.37M |
| Property Plant & Equipment | $11.99M | $3.60M | $3.30M | $2.77M | $2.32M | $1.74M | $645.34K | $726.51K | $555.49K | $609.94K | $579.69K | $629.49K | $695.80K |
| Intangible Assets | $177.67K | $145.89K | $133.71K | $127.30K | $128.79K | $128.37K | $127.36K | $129.14K | $121.05K | $92.60K | $75.02K | $69.73K | $78.87K |
| Total Assets | $69.79M | $31.13M | $34.09M | $34.96M | $22.02M | $21.21M | $12.74M | $12.84M | $13.38M | $12.30M | $14.87M | $13.09M | $15.56M |
| Accounts Payable | $888.79K | $889.33K | $698.52K | $969.82K | $1.73M | $849.50K | $179.92K | $595.63K | $619.76K | $760.03K | $1.28M | $2.29M | $1.65M |
| Accrued Liabilities | $483.71K | $554.69K | $451.13K | $373.25K | $323.59K | $252.02K | $240.48K | $164.11K | $275.28K | $302.11K | $367.65K | $453.02K | $481.91K |
| Deferred Revenue | - | - | - | $11.81M | $2.98M | $3.68M | $1.69M | $1.67M | $1.59M | $2.44M | $2.07M | $958.00K | $3.88M |
| Total Current Liabilities | $9.67M | $13.07M | $13.97M | $16.09M | $5.96M | $5.81M | $3.08M | $3.25M | $3.40M | $4.53M | $4.69M | $4.50M | $6.65M |
| Total Liabilities | $20.29M | $26.40M | $28.94M | $32.70M | $19.51M | $18.36M | $7.22M | $7.48M | $7.71M | $8.92M | $9.15M | $9.04M | $11.26M |
| Common Stock | $20.32K | $12.32K | $11.65K | $8.92K | $8.05K | $7.62K | $7.32K | $7.31K | $7.25K | $7.24K | $7.17K | $7.16K | $7.06K |
| Retained Earnings | $-81.01M | $-79.97M | $-76.45M | $-74.37M | $-70.96M | $-69.56M | $-66.36M | $-63.60M | $-60.44M | $-57.49M | $-54.51M | $-52.36M | $-51.41M |
| Total Stockholders Equity | $49.50M | $4.73M | $5.15M | $2.26M | $2.51M | $2.85M | $5.52M | $5.37M | $5.67M | $3.38M | $5.72M | $4.05M | $4.29M |
| Total Liabilities & Equity | $69.79M | $31.13M | $34.09M | $34.96M | $22.02M | $21.21M | $12.74M | $12.84M | $13.38M | $12.30M | $14.87M | $13.09M | $15.56M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.04M | $-3.52M | $-2.08M | $-3.41M | $-1.40M | $-5.96M | $-2.75M | $-3.16M | $-8.08M | $-2.99M | $-2.14M | $-952.43K | $-1.93M |
| Depreciation & Amortization | $1.96M | $1.43M | $712.39K | $688.76K | $1.47M | $781.84K | $158.21K | $157.14K | $393.06K | $230.59K | $116.59K | $124.37K | $225.82K |
| Stock-based Compensation | $3.10M | $2.13M | $995.65K | $-172.42K | $281.40K | $241.69K | $159.32K | $210.46K | $499.59K | $302.74K | $75.13K | $227.01K | $592.18K |
| Change in Receivables | $27.28K | $118.80K | $106.05K | $-1.12M | $138.69K | $-1.33M | $-866.37K | $1.20M | $-3.16M | $-3.13M | $-2.70M | $1.23M | $454.43K |
| Change in Inventory | $-26.98K | $-120.43K | $-10.62K | $145.08K | $-197.78K | $-165.79K | $-23.83K | $252.00 | $97.55K | $116.39K | $101.17K | $734.24K | $395.79K |
| Change in Payables | $-81.03K | $-80.50K | $-271.30K | $-757.36K | $1.13M | - | - | $-24.13K | - | - | - | - | - |
| Operating Cash Flow | $-11.03M | $-7.88M | $-4.67M | $2.71M | $-6.20M | $-3.94M | $-2.03M | $-3.11M | $-5.64M | $-1.92M | $-7.09K | $-4.02M | $-3.85M |
| Capital Expenditure | $7.81M | $1.36M | $572.36K | $284.32K | $1.55M | $884.52K | $8.83K | $297.07K | $199.62K | $159.20K | $41.74K | $33.59K | $311.33K |
| Investing Cash Flow | $-7.87M | $-1.39M | $-581.62K | $-285.75K | $-1.56M | $-889.28K | $-9.81K | $-195.47K | $-898.43K | $-548.36K | $-261.14K | $-228.37K | $-416.52K |
| Stock Issued | $53.96M | $5.69M | $3.95M | $3.35M | $197.01K | $115.56K | - | - | - | - | - | $251.00K | $8.55M |
| Financing Cash Flow | $45.84M | $4.47M | $2.79M | $3.19M | $5.96M | $2.89M | $2.58M | $2.48M | $8.68M | $3.80M | $3.49M | $406.85K | $8.34M |
| Net Change in Cash | $26.94M | $-4.79M | $-2.47M | - | - | - | - | - | - | - | - | - | - |
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 | $6.88M | - | $17.57M | - |
| Cost of Revenue | $4.36M | - | $12.22M | - |
| Gross Profit | $2.52M | - | $5.35M | - |
| Research & Development | $115.08K | - | $846.85K | - |
| Operating Income | $-1.12M | - | $-6.35M | - |
| Interest Expense | $29.33K | - | $191.62K | - |
| Interest Income | $200.61K | - | $240.22K | - |
| Other Income/Expense | $-3.49K | - | $-1.81K | - |
| Net Income | $-1.04M | $-3.20M | $-6.64M | - |
| Basic EPS | -0.06 | - | -0.49 | - |
| Diluted EPS | -0.06 | - | -0.49 | - |
| Basic Shares Outstanding | $17.31M | - | $13.54M | - |
| Diluted Shares Outstanding | $17.31M | - | $13.54M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $33.20M | $6.27M |
| Accounts Receivable | $136.29K | $109.01K |
| Inventory | $503.77K | $605.36K |
| Other Current Assets | $533.63K | $176.34K |
| Total Current Assets | $37.24M | $8.09M |
| Property Plant & Equipment | $11.99M | $2.77M |
| Intangible Assets | $177.67K | $127.30K |
| Total Assets | $69.79M | $34.96M |
| Accounts Payable | $888.79K | $969.82K |
| Accrued Liabilities | $483.71K | $373.25K |
| Total Current Liabilities | $9.67M | $16.09M |
| Total Liabilities | $20.29M | $32.70M |
| Common Stock | $20.32K | $8.92K |
| Retained Earnings | $-81.01M | $-74.37M |
| Total Stockholders Equity | $49.50M | $2.26M |
| Total Liabilities & Equity | $69.79M | $34.96M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.04M | $-3.20M | $-6.64M | - |
| Depreciation & Amortization | - | - | $1.96M | - |
| Stock-based Compensation | - | - | $3.10M | - |
| Change in Receivables | - | - | $27.28K | - |
| Change in Inventory | - | - | $-26.98K | - |
| Change in Payables | - | - | $-81.03K | - |
| Operating Cash Flow | - | - | $-11.03M | - |
| Capital Expenditure | - | - | $7.81M | - |
| Investing Cash Flow | - | - | $-7.87M | - |
| Stock Issued | - | - | $53.96M | - |
| Financing Cash Flow | - | - | $45.84M | - |
| Net Change in Cash | - | - | $26.94M | - |
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.