$11.66M
Revenue
$-2.88M
Net Income
38.30%
Gross Margin
-25.54%
Op. Margin
$-3.66M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $11.66M | $8.69M | $4.09M | $2.05M | $1.55M | $674.00K |
| Revenue Growth % | 34.3% | 112.5% | 99.7% | 32.0% | 130.1% | nan% |
| Cost of Revenue | $7.20M | $5.94M | $3.47M | $1.79M | $1.54M | $965.00K |
| Gross Profit | $4.47M | $2.75M | $619.00K | $256.00K | $9.00K | $-291.00K |
| Gross Margin % | 38.3% | 31.6% | 15.1% | 12.5% | 0.6% | -43.2% |
| Operating Expenses | $7.45M | $6.30M | $4.10M | $3.60M | $2.58M | $1.97M |
| Research & Development | - | $78.00K | $103.00K | $367.00K | $31.00K | - |
| Selling General & Admin | $7.44M | $6.22M | $3.99M | $3.24M | $2.55M | $1.97M |
| Operating Income | $-2.98M | $-3.55M | $-3.48M | $-3.35M | $-2.57M | $-2.26M |
| Operating Margin % | -25.5% | -40.9% | -85.0% | -163.5% | -165.7% | -335.3% |
| Interest Expense | $104.00K | $81.00K | $15.00K | $1.34M | - | - |
| Other Income/Expense | $190.00K | $91.00K | $289.00K | $-1.40M | $-1.74M | $-4.00K |
| Income Before Tax | $-2.79M | $-3.46M | $-3.19M | $-4.75M | - | - |
| Net Income | $-2.88M | $-3.28M | $-3.16M | $-4.75M | $-4.31M | $-2.26M |
| Net Margin % | -24.7% | -37.8% | -77.2% | -231.7% | -277.9% | -335.9% |
| Basic EPS | -0.37 | -0.50 | -0.56 | -0.85 | -1.45 | -0.03 |
| Diluted EPS | -0.37 | -0.50 | -0.56 | -0.85 | -1.45 | -0.03 |
| Basic Shares Outstanding | 8.0M | 6.5M | 5.7M | 5.6M | 3.0M | 78.9M |
| Diluted Shares Outstanding | 8.0M | 6.5M | 5.7M | 5.6M | 3.0M | 78.9M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.81M | $2.70M | $1.10M | $13.35M | $32.00K |
| Short-term Investments | - | - | $5.51M | - | - |
| Accounts Receivable | $933.00K | $633.00K | $222.00K | $209.00K | $73.00K |
| Inventory | $1.75M | $1.32M | $502.00K | $291.00K | $233.00K |
| Other Current Assets | $623.00K | $400.00K | $172.00K | $77.00K | $25.00K |
| Total Current Assets | $5.11M | $5.05M | $7.50M | $13.93M | $363.00K |
| Property Plant & Equipment | $2.21M | $1.50M | $721.00K | $723.00K | $553.00K |
| Goodwill | $1.13M | $1.13M | $311.00K | $311.00K | $311.00K |
| Intangible Assets | $807.00K | $326.00K | $20.00K | $33.00K | $47.00K |
| Other Non-current Assets | $95.00K | $95.00K | $63.00K | $63.00K | $178.00K |
| Total Assets | $10.98M | $9.96M | $10.36M | $16.98M | $2.26M |
| Accounts Payable | - | $1.23M | $265.00K | $254.00K | $658.00K |
| Total Current Liabilities | $2.47M | $2.55M | $859.00K | $2.89M | $1.33M |
| Total Liabilities | $4.90M | $4.79M | $2.72M | $4.90M | $2.19M |
| Common Stock | $8.00K | $6.00K | $6.00K | $6.00K | $99.00K |
| Retained Earnings | $-18.00M | $-14.71M | $-11.56M | $-6.81M | $-2.50M |
| Total Stockholders Equity | $5.75M | $4.70M | $7.64M | $12.09M | $71.00K |
| Total Liabilities & Equity | $10.98M | $9.96M | $10.36M | $16.98M | $2.26M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-2.88M | $-3.28M | $-3.16M | $-4.75M | $-4.31M | $-2.26M |
| Depreciation & Amortization | $785.00K | $436.00K | $226.00K | $112.00K | $113.00K | $50.00K |
| Stock-based Compensation | $1.05M | $367.00K | $217.00K | $298.00K | $285.00K | $232.00K |
| Change in Receivables | $-242.00K | $300.00K | $411.00K | $13.00K | $137.00K | $-29.00K |
| Change in Inventory | $406.00K | $432.00K | $760.00K | $211.00K | $58.00K | $99.00K |
| Change in Payables | $228.00K | $182.00K | $968.00K | $11.00K | $-405.00K | $137.00K |
| Operating Cash Flow | $-3.66M | $-3.87M | $-3.24M | $-2.99M | $-2.75M | $-1.80M |
| Capital Expenditure | - | $443.00K | $696.00K | $96.00K | $269.00K | $312.00K |
| Purchases of Investments | - | - | - | $7.00M | - | - |
| Investing Cash Flow | - | $-775.00K | $4.46M | $-5.59M | $-269.00K | $-312.00K |
| Debt Repayment | - | - | $175.00K | - | - | - |
| Stock Issued | - | - | - | - | $13.47M | $1.37M |
| Financing Cash Flow | $2.87M | $3.75M | $379.00K | $-3.66M | $16.34M | $1.88M |
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 | $2.93M | - | $8.62M | - |
| Cost of Revenue | $1.69M | - | $4.93M | - |
| Gross Profit | $1.24M | - | $3.69M | - |
| Operating Expenses | $1.97M | - | $5.83M | - |
| Research & Development | $7.00K | - | $8.00K | - |
| Selling General & Admin | $1.96M | - | $5.82M | - |
| Operating Income | $-725.00K | - | $-2.14M | - |
| Interest Expense | - | - | $54.00K | - |
| Other Income/Expense | $78.00K | - | $173.00K | - |
| Income Before Tax | $-647.00K | - | $-1.97M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-653.00K | $-979.00K | $-2.03M | - |
| Basic EPS | -0.08 | - | -0.26 | - |
| Diluted EPS | -0.08 | - | -0.26 | - |
| Basic Shares Outstanding | $7.97M | - | $7.76M | - |
| Diluted Shares Outstanding | $7.97M | - | $7.76M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $938.00K | $1.81M |
| Accounts Receivable | $839.00K | $933.00K |
| Inventory | $2.02M | $1.75M |
| Other Current Assets | $886.00K | $623.00K |
| Total Current Assets | $5.60M | $5.11M |
| Property Plant & Equipment | $2.00M | $2.21M |
| Goodwill | $1.13M | $1.13M |
| Intangible Assets | $712.00K | $807.00K |
| Other Non-current Assets | $95.00K | $95.00K |
| Total Assets | $11.62M | $10.98M |
| Total Current Liabilities | $3.31M | $2.47M |
| Total Liabilities | $6.04M | $4.90M |
| Common Stock | $8.00K | $8.00K |
| Retained Earnings | $-20.03M | $-18.00M |
| Total Stockholders Equity | $5.19M | $5.75M |
| Total Liabilities & Equity | $11.62M | $10.98M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-653.00K | $-979.00K | $-2.03M | - |
| Depreciation & Amortization | - | - | $338.00K | - |
| Stock-based Compensation | - | - | $498.00K | - |
| Change in Receivables | - | - | $-94.00K | - |
| Change in Inventory | - | - | $268.00K | - |
| Change in Payables | - | - | $34.00K | - |
| Operating Cash Flow | - | - | $-1.59M | - |
| Capital Expenditure | - | - | $28.00K | - |
| Investing Cash Flow | - | - | $-28.00K | - |
| Financing Cash Flow | - | - | $1.67M | - |
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.