$19.03M
Revenue
$-10.04M
Net Income
26.38%
Gross Margin
-49.57%
Op. Margin
$-30.90M
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 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $19.03M | $7.28M | $7.47M | $15.01M | $8.26M | $8.04M | $12.05M | $3.88M | $6.10M | $6.77M | $607.60K | $617.19K |
| Revenue Growth % | 161.3% | -2.5% | -50.2% | 81.7% | 2.7% | -33.3% | 210.2% | -36.4% | -9.8% | 1013.9% | -1.6% | nan% |
| Cost of Revenue | $14.01M | $6.81M | $6.16M | $10.26M | $10.82M | $5.25M | $6.84M | $2.29M | $1.58M | $2.05M | $263.88K | $328.72K |
| Gross Profit | $5.02M | $469.21K | $1.31M | $4.75M | $-2.56M | $2.79M | $5.20M | $1.59M | $3.37M | $3.57M | $331.35K | $228.04K |
| Gross Margin % | 26.4% | 6.4% | 17.5% | 31.6% | -31.0% | 34.7% | 43.2% | 40.9% | 55.2% | 52.8% | 54.5% | 36.9% |
| Research & Development | $1.21M | $1.53M | $1.81M | $1.65M | $251.56K | $1.02M | $488.69K | $310.10K | $271.95K | $216.81K | - | - |
| Operating Income | $-9.43M | $-10.98M | $-11.45M | $-6.87M | $-7.46M | $-6.63M | $-1.57M | $-3.44M | $-1.74M | $-2.23M | - | - |
| Operating Margin % | -49.6% | -150.9% | -153.2% | -45.7% | -90.3% | -82.5% | -13.0% | -88.6% | -28.6% | -32.9% | nan% | nan% |
| Interest Expense | $201.62K | $3.87K | $7.16K | $9.19K | $20.27K | $150.14K | $17.18K | $4.52M | $245.13K | $59.40K | $191.68K | $273.85K |
| Other Income/Expense | $-114.61K | $-120.42K | $212.01K | $9.56K | $1.47M | $37.13K | $6.20K | $-1.71M | $-817.51K | $98.64K | $-25.67K | $-14.42K |
| Net Income | $-10.04M | $-10.76M | $-11.24M | $-6.86M | $-6.01M | $-6.75M | $-1.58M | $-5.15M | $-2.56M | $-2.33M | $-648.57K | $-865.00K |
| Net Margin % | -52.8% | -147.8% | -150.5% | -45.7% | -72.7% | -83.9% | -13.1% | -132.6% | -42.0% | -34.4% | -106.7% | -140.2% |
| Basic EPS | -0.95 | -1.39 | -1.56 | -1.11 | -1.63 | nan | -0.08 | -1.43 | nan | -0.04 | nan | nan |
| Diluted EPS | -0.95 | -1.39 | -1.56 | -1.11 | -1.63 | nan | -0.08 | -1.43 | nan | -0.04 | nan | nan |
| Basic Shares Outstanding | 17.3M | 7.7M | 7.2M | 6.2M | 3.7M | - | 20.8M | 3.6M | - | - | - | - |
| Diluted Shares Outstanding | 17.3M | 7.7M | 7.2M | 6.2M | 3.7M | - | 20.8M | 3.6M | - | 61.3M | - | - |
| 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 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.27M | $2.44M | $1.12M | $893.72K | $3.97M | $1.21M | $1.94M | $174.38K | $140.13K | $166.00 | - |
| Accounts Receivable | $403.44K | $1.46M | $3.42M | $1.74M | $1.24M | $1.54M | $298.30K | $256.99K | $452.24K | $26.70K | $35.71K |
| Inventory | $605.36K | $1.53M | $1.43M | $298.34K | $112.42K | - | - | - | - | - | - |
| Other Current Assets | $176.34K | $184.48K | $441.32K | $354.61K | $486.63K | $235.20K | $90.92K | $476.67K | $421.12K | - | - |
| Total Current Assets | $8.09M | $6.26M | $6.83M | $3.29M | $5.80M | $4.19M | $2.75M | $1.04M | $1.18M | $56.65K | $41.15K |
| Property Plant & Equipment | $2.77M | $726.51K | $629.49K | $603.25K | $342.18K | $204.23K | $65.36K | $66.49K | $72.54K | $12.59K | $18.31K |
| Intangible Assets | $127.30K | $129.14K | $69.73K | $66.48K | $64.42K | $53.87K | $45.98K | $51.42K | - | - | - |
| Other Non-current Assets | - | - | - | - | - | - | - | - | - | $1.69K | $4.69K |
| Total Assets | $34.96M | $12.84M | $13.09M | $9.48M | $6.41M | $4.49M | $2.87M | $1.16M | $1.31M | $70.94K | $64.14K |
| Accounts Payable | $969.82K | $595.63K | $2.29M | $1.04M | $599.32K | $1.42M | $812.62K | $842.79K | $1.06M | $246.53K | $175.26K |
| Accrued Liabilities | $373.25K | $164.11K | $453.02K | $618.09K | $1.04M | $222.33K | $497.28K | - | - | - | - |
| Deferred Revenue | $11.81M | $1.67M | $958.00K | $596.67K | $315.37K | $362.53K | $438.91K | $675.17K | - | $31.18K | $38.45K |
| Total Current Liabilities | $16.09M | $3.25M | $4.50M | $3.94M | $3.64M | $4.66M | $2.20M | $5.18M | $5.07M | $1.00M | $675.00K |
| Total Liabilities | $32.70M | $7.48M | $9.04M | $8.70M | $4.52M | $4.66M | $2.24M | $6.38M | $5.07M | $1.00M | $818.87K |
| Common Stock | $8.92K | $7.31K | $7.16K | $4.11K | $3.54K | $21.08K | $20.66K | $66.22K | $64.78K | - | $30.60K |
| Retained Earnings | $-74.37M | $-63.60M | $-52.36M | $-45.50M | $-39.49M | $-30.27M | $-28.69M | $-23.52M | $-20.95M | $-5.35M | $-4.70M |
| Total Stockholders Equity | $2.26M | $5.37M | $4.05M | $781.49K | $1.88M | $-170.99K | $622.53K | $-5.52M | $-3.76M | $-932.55K | $-754.73K |
| Total Liabilities & Equity | $34.96M | $12.84M | $13.09M | $9.48M | $6.41M | $4.49M | $2.87M | $1.16M | $1.31M | $70.94K | $64.14K |
| 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 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-10.04M | $-10.76M | $-11.24M | $-6.86M | $-6.01M | $-6.75M | $-1.58M | $-5.15M | $-2.56M | $-2.33M | $-648.57K | $-865.00K |
| Depreciation & Amortization | $4.79M | $2.16M | $550.20K | $350.19K | $275.35K | $222.51K | $98.92K | $48.28K | $47.05K | - | - | - |
| Stock-based Compensation | $6.06M | $108.98K | $710.05K | $819.19K | $262.41K | $351.97K | - | - | - | - | - | - |
| Change in Receivables | $-869.55K | $-982.99K | $-1.96M | $1.68M | $611.02K | $-1.37M | $1.24M | $41.31K | $-195.25K | $134.30K | $-3.52K | $-148.52K |
| Change in Inventory | $-12.96K | $-52.70K | $97.80K | $1.13M | $185.91K | $-112.42K | - | - | - | - | - | - |
| Change in Payables | $-1.19M | $374.19K | $-1.69M | - | - | - | - | - | - | - | $85.24K | $41.19K |
| Operating Cash Flow | $-20.87M | $-3.49M | $-8.75M | $-7.87M | $-6.58M | $-4.23M | $-345.29K | $-3.56M | $-1.84M | $-2.12M | $-160.83K | $-169.75K |
| Capital Expenditure | $10.03M | $1.83M | $496.69K | $344.92K | $545.50K | $279.15K | $212.39K | $41.71K | $35.34K | - | - | - |
| Investing Cash Flow | $-10.13M | $-1.84M | $-1.09M | $-644.89K | $-552.94K | $-287.33K | $-285.68K | $-41.71K | $-35.41K | $-75.24K | - | - |
| Stock Issued | $66.96M | $3.54M | - | $8.80M | - | $9.25M | - | $5.78M | - | - | - | - |
| Stock Repurchased | - | - | - | - | - | - | $1.46K | - | - | - | - | - |
| Financing Cash Flow | $56.29M | $9.15M | $11.16M | $8.75M | $4.06M | $8.43M | $-101.55K | $5.37M | $1.91M | $2.25M | $161.00K | $168.76K |
| Net Change in Cash | - | - | - | - | - | $3.91M | $-732.52K | $1.77M | $34.25K | $54.69K | $166.00 | $-988.00 |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.