$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $6.88M | $5.74M | $4.95M | $1.46M | $3.24M | $1.51M |
| Revenue Growth % (YoY) | 112.3% | 279.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.36M | $4.22M | $3.64M | $1.79M | $2.32M | $1.73M |
| Gross Profit | $2.52M | $1.52M | $1.31M | $-329.95K | $919.10K | $-214.56K |
| Gross Margin % | 36.6% | 26.5% | 26.5% | -22.6% | 28.4% | -14.2% |
| Research & Development | $115.08K | $307.34K | $424.43K | $362.64K | $396.61K | $390.00K |
| Operating Income | $-1.12M | $-3.44M | $-1.79M | $-3.09M | $-1.92M | $-3.22M |
| Operating Margin % | -16.2% | -60.0% | -36.1% | -211.2% | -59.3% | -212.9% |
| Interest Expense | $191.62K | $3.87K | $3.87K | $2.27K | $1.60K | $1.60K |
| Interest Income | $200.61K | - | - | - | - | - |
| Other Income/Expense | $-3.49K | $8.75K | $32.54K | $-152.41K | $9.41K | $13.39K |
| Net Income | $-1.04M | $-3.52M | $-2.08M | $-3.41M | $-1.40M | $-3.20M |
| Net Margin % | -15.1% | -61.3% | -42.0% | -233.2% | -43.3% | -212.1% |
| Basic EPS | -0.06 | -0.30 | -0.18 | -0.41 | -0.18 | -0.43 |
| Diluted EPS | -0.06 | -0.30 | -0.18 | -0.41 | -0.18 | -0.43 |
| Basic Shares Outstanding | 17.3M | 11.8M | 11.4M | 242K | 7.7M | 7.5M |
| Diluted Shares Outstanding | 17.3M | 11.8M | 11.4M | 242K | 7.7M | 7.5M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $33.20M | $1.47M | $3.80M | $6.27M | $613.59K | $506.11K |
| Accounts Receivable | $136.29K | $227.80K | $215.06K | $403.44K | $1.60M | $128.79K |
| Inventory | $503.77K | $509.53K | $520.12K | $605.36K | $1.03M | $1.06M |
| Other Current Assets | $533.63K | $453.61K | $468.25K | $176.34K | $310.87K | $436.07K |
| Total Current Assets | $37.24M | $4.78M | $7.46M | $8.09M | $4.35M | $3.43M |
| Property Plant & Equipment | $11.99M | $3.60M | $3.30M | $2.77M | $2.32M | $1.74M |
| Intangible Assets | $177.67K | $145.89K | $133.71K | $127.30K | $128.79K | $128.37K |
| Total Assets | $69.79M | $31.13M | $34.09M | $34.96M | $22.02M | $21.21M |
| Accounts Payable | $888.79K | $889.33K | $698.52K | $969.82K | $1.73M | $849.50K |
| Accrued Liabilities | $483.71K | $554.69K | $451.13K | $373.25K | $323.59K | $252.02K |
| Deferred Revenue | - | - | - | $11.81M | $2.98M | $3.68M |
| Total Current Liabilities | $9.67M | $13.07M | $13.97M | $16.09M | $5.96M | $5.81M |
| Total Liabilities | $20.29M | $26.40M | $28.94M | $32.70M | $19.51M | $18.36M |
| Common Stock | $20.32K | $12.32K | $11.65K | $8.92K | $8.05K | $7.62K |
| Retained Earnings | $-81.01M | $-79.97M | $-76.45M | $-74.37M | $-70.96M | $-69.56M |
| Total Stockholders Equity | $49.50M | $4.73M | $5.15M | $2.26M | $2.51M | $2.85M |
| Total Liabilities & Equity | $69.79M | $31.13M | $34.09M | $34.96M | $22.02M | $21.21M |
| 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 | $-1.04M | $-3.52M | $-2.08M | $-3.41M | $-1.40M | $-5.96M |
| Depreciation & Amortization | $1.96M | $1.43M | $712.39K | $688.76K | $1.47M | $781.84K |
| Stock-based Compensation | $3.10M | $2.13M | $995.65K | $-172.42K | $281.40K | $241.69K |
| Change in Receivables | $27.28K | $118.80K | $106.05K | $-1.12M | $138.69K | $-1.33M |
| Change in Inventory | $-26.98K | $-120.43K | $-10.62K | $145.08K | $-197.78K | $-165.79K |
| Change in Payables | $-81.03K | $-80.50K | $-271.30K | $-757.36K | $1.13M | - |
| Operating Cash Flow | $-11.03M | $-7.88M | $-4.67M | $2.71M | $-6.20M | $-3.94M |
| Capital Expenditure | $7.81M | $1.36M | $572.36K | $284.32K | $1.55M | $884.52K |
| Investing Cash Flow | $-7.87M | $-1.39M | $-581.62K | $-285.75K | $-1.56M | $-889.28K |
| Stock Issued | $53.96M | $5.69M | $3.95M | $3.35M | $197.01K | $115.56K |
| Financing Cash Flow | $45.84M | $4.47M | $2.79M | $3.19M | $5.96M | $2.89M |
| 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.