$8.27M
Revenue
$-17.52M
Net Income
61.96%
Gross Margin
-134.29%
Op. Margin
$-18.07M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $2.42M | $2.22M | $1.73M | $1.90M | $2.32M | $2.37M | $2.19M | $1.86M | $2.55M | $2.41M | $2.08M | $1.83M | $2.34M | $2.06M |
| Revenue Growth % (YoY) | 4.4% | -6.3% | -21.4% | 2.5% | -9.0% | -1.9% | 5.7% | 1.7% | 9.1% | 16.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $770.00K | $772.00K | $767.00K | $837.00K | $967.00K | $711.00K | $720.00K | $666.00K | $1.16M | $1.03M | $928.00K | $759.00K | $1.01M | $806.00K |
| Gross Profit | $1.65M | $1.45M | $958.00K | $1.07M | $1.35M | $1.66M | $1.47M | $1.19M | $1.39M | $1.38M | $1.15M | $1.07M | $1.33M | $1.26M |
| Gross Margin % | 68.2% | 65.2% | 55.5% | 56.0% | 58.4% | 70.0% | 67.2% | 64.1% | 54.4% | 57.3% | 55.3% | 58.4% | 56.9% | 61.0% |
| Operating Expenses | $4.10M | $4.14M | $3.86M | $4.13M | $3.74M | $3.19M | $3.79M | $5.94M | $4.98M | $4.54M | $6.17M | $6.92M | $5.87M | $5.18M |
| Research & Development | $884.00K | $603.00K | $675.00K | $550.00K | $831.00K | $486.00K | $558.00K | $1.33M | $1.37M | $1.12M | $1.50M | $1.43M | $1.20M | $928.00K |
| Selling General & Admin | $3.21M | $3.54M | $3.19M | $3.58M | $2.91M | $2.70M | $3.24M | $4.61M | $3.61M | $3.43M | $4.66M | $5.49M | $4.66M | $4.25M |
| Operating Income | $-2.44M | $-2.70M | $-2.91M | $-3.06M | $-2.39M | $-1.53M | $-2.32M | $-4.75M | $-3.59M | $-3.16M | $-5.02M | $-5.85M | $-4.53M | $-3.92M |
| Operating Margin % | -100.8% | -121.7% | -168.5% | -160.7% | -102.8% | -64.7% | -105.7% | -255.7% | -140.8% | -131.2% | -242.0% | -320.4% | -193.8% | -189.8% |
| Other Income/Expense | $-11.00K | $4.00K | $10.00K | $7.00K | $7.00K | $8.00K | $6.00K | $-101.00K | $56.00K | $-204.00K | $179.00K | $123.00K | $61.00K | $52.00K |
| Income Before Tax | $-2.42M | $468.00K | $-12.55M | $-3.01M | $-1.47M | $2.36M | $-7.72M | $-4.33M | $-5.51M | $-3.37M | $-4.84M | $-6.48M | $-1.89M | $-3.87M |
| Income Tax Expense | - | - | $4.00K | $1.00K | $1.00K | - | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $3.00K | $2.00K |
| Net Income | $-2.42M | $468.00K | $-12.55M | $-3.01M | $-1.47M | $2.36M | $-7.72M | $-4.33M | $-5.51M | $-3.37M | $-4.84M | $-6.49M | $-1.90M | $-3.87M |
| Net Margin % | -99.9% | 21.1% | -727.7% | -158.3% | -63.2% | 99.6% | -352.1% | -233.2% | -216.0% | -139.7% | -233.5% | -355.1% | -81.1% | -187.4% |
| Basic EPS | nan | 0.56 | -60.99 | -0.69 | 6.58 | 1.74 | -18.85 | -0.60 | -1.31 | -1.81 | -3.65 | -5.76 | -82.35 | -0.37 |
| Diluted EPS | nan | 0.56 | -60.99 | -0.69 | 6.58 | 1.74 | -18.85 | -0.60 | -1.31 | -1.81 | -3.65 | -5.76 | -82.35 | -0.37 |
| Basic Shares Outstanding | 308K | 836K | 206K | 4.4M | 680K | 1.4M | 410K | 6.3M | 525K | 1.9M | 1.3M | 1.1M | -10.4M | 10.5M |
| Diluted Shares Outstanding | 308K | 836K | 206K | 4.4M | 680K | 1.4M | 410K | 6.3M | 525K | 1.9M | 1.3M | 1.1M | -10.4M | 10.5M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $1.08M | $3.09M | $4.45M | $2.56M | $5.09M | $1.91M | $1.02M | $1.40M | $3.80M | $4.93M | $8.90M | $11.52M | $17.74M | $12.05M |
| Accounts Receivable | $1.49M | $1.14M | $1.19M | $1.54M | $1.73M | $1.29M | $1.29M | $1.23M | $1.95M | $1.43M | $1.18M | $1.30M | $1.41M | $1.10M |
| Inventory | $1.91M | $2.19M | $2.03M | $1.75M | $1.72M | $1.86M | $1.97M | $2.13M | $2.00M | $2.34M | $2.73M | $2.74M | $2.66M | $2.92M |
| Other Current Assets | $698.00K | $776.00K | $745.00K | $274.00K | $315.00K | $430.00K | $544.00K | $440.00K | $461.00K | $947.00K | $943.00K | $477.00K | $396.00K | $368.00K |
| Total Current Assets | $5.19M | $7.20M | $8.42M | $6.12M | $8.86M | $5.49M | $4.83M | $5.20M | $8.21M | $9.64M | $13.75M | $16.61M | $22.77M | $16.44M |
| Property Plant & Equipment | $368.00K | $414.00K | $359.00K | $405.00K | $478.00K | $551.00K | $630.00K | $681.00K | $728.00K | $912.00K | $875.00K | $907.00K | $980.00K | $1.03M |
| Other Non-current Assets | $271.00K | $21.00K | $21.00K | $21.00K | $21.00K | $120.00K | $120.00K | $120.00K | $120.00K | $120.00K | $120.00K | $106.00K | $21.00K | $21.00K |
| Total Assets | $6.12M | $7.98M | $9.20M | $7.01M | $9.86M | $6.73M | $6.19M | $6.66M | $9.77M | $11.43M | $15.55M | $18.48M | $24.67M | $18.44M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.56M |
| Other Current Liabilities | $85.00K | $76.00K | $74.00K | $86.00K | $41.00K | $50.00K | $56.00K | $45.00K | $51.00K | $45.00K | $60.00K | $49.00K | $58.00K | $73.00K |
| Total Current Liabilities | $3.03M | $3.52M | $3.89M | $2.75M | $2.56M | $2.70M | $4.02M | $4.32M | $3.17M | $2.99M | $3.83M | $4.11M | $4.69M | $3.61M |
| Other Non-current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.49M | $4.07M | $18.16M | $3.42M | $3.33M | $3.55M | $13.02M | $5.78M | $6.56M | $3.59M | $4.48M | $4.82M | $12.32M | $4.42M |
| Common Stock | - | - | - | - | - | - | - | $1.00K | $1.00K | - | - | - | - | $1.00K |
| Retained Earnings | $-316.31M | $-313.89M | $-314.36M | $-301.81M | $-298.79M | $-297.32M | $-299.68M | $-291.96M | $-287.63M | $-282.12M | $-278.75M | $-273.90M | $-267.42M | $-265.55M |
| Total Stockholders Equity | $2.62M | $3.91M | $-8.96M | $3.58M | $6.53M | $3.18M | $-6.84M | $885.00K | $2.99M | $7.84M | $11.07M | $13.66M | $12.36M | $14.02M |
| Total Liabilities & Equity | $6.12M | $7.98M | $9.20M | $7.01M | $9.86M | $6.73M | $6.19M | $6.66M | $9.77M | $11.43M | $15.55M | $18.48M | $24.67M | $18.44M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $-2.42M | $468.00K | $-12.55M | $-3.01M | $-1.47M | $2.36M | $-7.72M | $-4.33M | $-5.51M | $-3.37M | $-4.84M | $-6.49M | $-1.90M | $-3.87M |
| Depreciation & Amortization | $34.00K | $166.00K | $123.00K | $73.00K | $83.00K | $227.00K | $151.00K | $76.00K | $109.00K | $253.00K | $169.00K | $86.00K | $71.00K | $301.00K |
| Stock-based Compensation | $24.00K | $103.00K | $84.00K | $67.00K | $104.00K | $374.00K | $273.00K | $158.00K | $157.00K | $513.00K | $378.00K | $181.00K | $165.00K | $697.00K |
| Change in Receivables | $352.00K | $-586.00K | $-534.00K | $-187.00K | $434.00K | $-658.00K | $-659.00K | $-725.00K | $526.00K | $19.00K | $-230.00K | $-105.00K | $306.00K | $350.00K |
| Change in Inventory | $-279.00K | $471.00K | $310.00K | $34.00K | $-159.00K | $-120.00K | $-30.00K | $134.00K | $-372.00K | $-325.00K | $72.00K | $81.00K | $-253.00K | $113.00K |
| Operating Cash Flow | $-3.03M | $-7.78M | $-4.63M | $-2.54M | $-1.50M | $-8.09M | $-5.62M | $-2.86M | $-2.75M | $-15.18M | $-11.36M | $-6.11M | $-3.13M | $-12.02M |
| Capital Expenditure | $-12.00K | $102.00K | $4.00K | - | $23.00K | $37.00K | $53.00K | $29.00K | $-36.00K | $185.00K | $64.00K | $13.00K | $19.00K | $103.00K |
| Investing Cash Flow | $12.00K | $-102.00K | $-4.00K | - | $-23.00K | $-37.00K | $-53.00K | $-29.00K | $36.00K | $294.00K | $415.00K | $-98.00K | $14.83M | $-103.00K |
| Stock Issued | - | $4.00M | $4.00M | - | - | $2.40M | $2.40M | - | - | $2.11M | $2.11M | - | - | - |
| Financing Cash Flow | $1.05M | $5.89M | $4.00M | - | $4.72M | $6.25M | $2.90M | $500.00K | $1.59M | $2.09M | $2.11M | $-11.00K | $9.45M | $-28.00K |
| Net Change in Cash | $-1.90M | $-2.00M | $-645.00K | $-2.54M | $3.19M | $-1.89M | $-2.78M | $-2.40M | $-1.13M | $-12.81M | $-8.84M | $-6.22M | $21.15M | $-12.15M |
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 | $2.22M | - | $5.85M | - |
| Cost of Revenue | $772.00K | - | $2.38M | - |
| Gross Profit | $1.45M | - | $3.47M | - |
| Operating Expenses | $4.14M | - | $12.13M | - |
| Research & Development | $603.00K | - | $1.83M | - |
| Selling General & Admin | $3.54M | - | $10.30M | - |
| Operating Income | $-2.70M | - | $-8.66M | - |
| Other Income/Expense | $4.00K | - | $21.00K | - |
| Income Before Tax | $468.00K | - | $-15.09M | - |
| Income Tax Expense | - | - | $5.00K | - |
| Net Income | $468.00K | $-7.72M | $-15.10M | - |
| Basic EPS | 0.56 | - | -39.51 | - |
| Diluted EPS | 0.56 | - | -39.51 | - |
| Basic Shares Outstanding | $836.39K | - | $382.12K | - |
| Diluted Shares Outstanding | $836.39K | - | $382.12K | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.09M | $5.09M |
| Accounts Receivable | $1.14M | $1.73M |
| Inventory | $2.19M | $1.72M |
| Other Current Assets | $776.00K | $315.00K |
| Total Current Assets | $7.20M | $8.86M |
| Property Plant & Equipment | $414.00K | $478.00K |
| Other Non-current Assets | $21.00K | $21.00K |
| Total Assets | $7.98M | $9.86M |
| Other Current Liabilities | $76.00K | $41.00K |
| Total Current Liabilities | $3.52M | $2.56M |
| Total Liabilities | $4.07M | $3.33M |
| Common Stock | - | - |
| Retained Earnings | $-313.89M | $-298.79M |
| Total Stockholders Equity | $3.91M | $6.53M |
| Total Liabilities & Equity | $7.98M | $9.86M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $468.00K | $-7.72M | $-15.10M | - |
| Depreciation & Amortization | - | - | $166.00K | - |
| Stock-based Compensation | - | - | $103.00K | - |
| Change in Receivables | - | - | $-586.00K | - |
| Change in Inventory | - | - | $471.00K | - |
| Operating Cash Flow | - | - | $-7.78M | - |
| Capital Expenditure | - | - | $102.00K | - |
| Investing Cash Flow | - | - | $-102.00K | - |
| Stock Issued | - | - | $4.00M | - |
| Financing Cash Flow | - | - | $5.89M | - |
| Net Change in Cash | - | - | $-2.00M | - |
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.