$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $2.42M | $2.22M | $1.73M | $1.90M | $2.32M | $2.37M | $2.19M |
| Revenue Growth % (YoY) | 4.4% | -6.3% | -21.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $770.00K | $772.00K | $767.00K | $837.00K | $967.00K | $711.00K | $720.00K |
| Gross Profit | $1.65M | $1.45M | $958.00K | $1.07M | $1.35M | $1.66M | $1.47M |
| Gross Margin % | 68.2% | 65.2% | 55.5% | 56.0% | 58.4% | 70.0% | 67.2% |
| Operating Expenses | $4.10M | $4.14M | $3.86M | $4.13M | $3.74M | $3.19M | $3.79M |
| Research & Development | $884.00K | $603.00K | $675.00K | $550.00K | $831.00K | $486.00K | $558.00K |
| Selling General & Admin | $3.21M | $3.54M | $3.19M | $3.58M | $2.91M | $2.70M | $3.24M |
| Operating Income | $-2.44M | $-2.70M | $-2.91M | $-3.06M | $-2.39M | $-1.53M | $-2.32M |
| Operating Margin % | -100.8% | -121.7% | -168.5% | -160.7% | -102.8% | -64.7% | -105.7% |
| Other Income/Expense | $-11.00K | $4.00K | $10.00K | $7.00K | $7.00K | $8.00K | $6.00K |
| Income Before Tax | $-2.42M | $468.00K | $-12.55M | $-3.01M | $-1.47M | $2.36M | $-7.72M |
| Income Tax Expense | - | - | $4.00K | $1.00K | $1.00K | - | $2.00K |
| Net Income | $-2.42M | $468.00K | $-12.55M | $-3.01M | $-1.47M | $2.36M | $-7.72M |
| Net Margin % | -99.9% | 21.1% | -727.7% | -158.3% | -63.2% | 99.6% | -352.1% |
| Basic EPS | nan | 0.56 | -60.99 | -0.69 | 6.58 | 1.74 | -18.85 |
| Diluted EPS | nan | 0.56 | -60.99 | -0.69 | 6.58 | 1.74 | -18.85 |
| Basic Shares Outstanding | 308K | 836K | 206K | 4.4M | 680K | 1.4M | 410K |
| Diluted Shares Outstanding | 308K | 836K | 206K | 4.4M | 680K | 1.4M | 410K |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.08M | $3.09M | $4.45M | $2.56M | $5.09M | $1.91M | $1.02M |
| Accounts Receivable | $1.49M | $1.14M | $1.19M | $1.54M | $1.73M | $1.29M | $1.29M |
| Inventory | $1.91M | $2.19M | $2.03M | $1.75M | $1.72M | $1.86M | $1.97M |
| Other Current Assets | $698.00K | $776.00K | $745.00K | $274.00K | $315.00K | $430.00K | $544.00K |
| Total Current Assets | $5.19M | $7.20M | $8.42M | $6.12M | $8.86M | $5.49M | $4.83M |
| Property Plant & Equipment | $368.00K | $414.00K | $359.00K | $405.00K | $478.00K | $551.00K | $630.00K |
| Other Non-current Assets | $271.00K | $21.00K | $21.00K | $21.00K | $21.00K | $120.00K | $120.00K |
| Total Assets | $6.12M | $7.98M | $9.20M | $7.01M | $9.86M | $6.73M | $6.19M |
| Other Current Liabilities | $85.00K | $76.00K | $74.00K | $86.00K | $41.00K | $50.00K | $56.00K |
| Total Current Liabilities | $3.03M | $3.52M | $3.89M | $2.75M | $2.56M | $2.70M | $4.02M |
| Total Liabilities | $3.49M | $4.07M | $18.16M | $3.42M | $3.33M | $3.55M | $13.02M |
| Common Stock | - | - | - | - | - | - | - |
| Retained Earnings | $-316.31M | $-313.89M | $-314.36M | $-301.81M | $-298.79M | $-297.32M | $-299.68M |
| Total Stockholders Equity | $2.62M | $3.91M | $-8.96M | $3.58M | $6.53M | $3.18M | $-6.84M |
| Total Liabilities & Equity | $6.12M | $7.98M | $9.20M | $7.01M | $9.86M | $6.73M | $6.19M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-2.42M | $468.00K | $-12.55M | $-3.01M | $-1.47M | $2.36M | $-7.72M |
| Depreciation & Amortization | $34.00K | $166.00K | $123.00K | $73.00K | $83.00K | $227.00K | $151.00K |
| Stock-based Compensation | $24.00K | $103.00K | $84.00K | $67.00K | $104.00K | $374.00K | $273.00K |
| Change in Receivables | $352.00K | $-586.00K | $-534.00K | $-187.00K | $434.00K | $-658.00K | $-659.00K |
| Change in Inventory | $-279.00K | $471.00K | $310.00K | $34.00K | $-159.00K | $-120.00K | $-30.00K |
| Operating Cash Flow | $-3.03M | $-7.78M | $-4.63M | $-2.54M | $-1.50M | $-8.09M | $-5.62M |
| Capital Expenditure | $-12.00K | $102.00K | $4.00K | - | $23.00K | $37.00K | $53.00K |
| Investing Cash Flow | $12.00K | $-102.00K | $-4.00K | - | $-23.00K | $-37.00K | $-53.00K |
| Stock Issued | - | $4.00M | $4.00M | - | - | $2.40M | $2.40M |
| Financing Cash Flow | $1.05M | $5.89M | $4.00M | - | $4.72M | $6.25M | $2.90M |
| Net Change in Cash | $-1.90M | $-2.00M | $-645.00K | $-2.54M | $3.19M | $-1.89M | $-2.78M |
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.