$20.15M
Revenue
$-9.55M
Net Income
4.98%
Gross Margin
-0.33%
Op. Margin
$-72.85M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2024) |
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 | $20.15M | $20.16M | $7.16M | $16.36M | $17.26M | $8.46M |
| Revenue Growth % | -0.0% | 181.4% | -56.2% | -5.2% | 104.0% | nan% |
| Cost of Revenue | $19.14M | $19.14M | $10.30M | $31.91M | $32.92M | $15.89M |
| Gross Profit | $1.00M | $1.01M | $-3.14M | $-1.91M | - | - |
| Gross Margin % | 5.0% | 5.0% | -43.8% | -11.7% | nan% | nan% |
| Operating Expenses | $1.07M | $1.07M | $8.59M | $-42.95M | - | - |
| Research & Development | - | - | $3.48M | $28.15M | $36.68M | $33.45M |
| Selling General & Admin | $10.44M | $10.44M | $14.07M | $47.65M | $63.52M | $50.36M |
| Operating Income | $-66.00K | $-57.00K | $-11.73M | $-27.34M | $-112.12M | $-91.33M |
| Operating Margin % | -0.3% | -0.3% | -163.7% | -167.1% | -649.5% | -1079.1% |
| Interest Expense | $8.58M | $4.54M | $5.66M | $5.15M | $5.68M | $5.51M |
| Interest Income | - | $763.00K | $2.59M | - | - | - |
| Other Income/Expense | $-4.48M | $-4.48M | $-130.00K | $-12.20M | $-5.56M | $-10.62M |
| Income Before Tax | $-4.54M | $-4.54M | $-11.86M | $-39.53M | $-117.68M | $-101.96M |
| Income Tax Expense | - | - | $63.00K | $82.00K | - | $23.00K |
| Net Income | $-9.55M | $-9.55M | $-81.66M | $-39.62M | $-117.68M | $-101.98M |
| Net Margin % | -47.4% | -47.4% | -1139.9% | -242.1% | -681.7% | -1204.9% |
| Basic EPS | -0.33 | -0.32 | -2.81 | -1.40 | -4.11 | -8.94 |
| Diluted EPS | -0.33 | -0.32 | -2.81 | -1.40 | -4.11 | -8.94 |
| Basic Shares Outstanding | - | 29.8M | 29.1M | 28.3M | 28.7M | 11.4M |
| Diluted Shares Outstanding | - | 29.8M | 29.1M | 28.3M | 28.7M | 11.4M |
| 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 | $14.02M | $19.17M | $25.58M | $24.07M | $25.23M |
| Short-term Investments | - | - | $44.86M | $76.70M | $105.84M |
| Accounts Receivable | $7.88M | $11.35M | $21.09M | $3.63M | $2.16M |
| Inventory | $1.79M | $4.28M | $13.33M | $16.41M | $12.96M |
| Other Current Assets | $641.00K | $678.00K | $2.54M | $5.33M | $5.05M |
| Total Current Assets | $25.58M | $46.25M | $117.87M | $126.29M | $151.39M |
| Property Plant & Equipment | $517.00K | $825.00K | $9.22M | $13.67M | $12.36M |
| Goodwill | - | - | - | $12.03M | $12.03M |
| Intangible Assets | - | - | $1.58M | $5.01M | $5.65M |
| Long-term Investments | - | - | - | $7.12M | $8.73M |
| Other Non-current Assets | $94.00K | $94.00K | $897.00K | $1.15M | $717.00K |
| Total Assets | $28.65M | $53.96M | $133.44M | $169.79M | $192.53M |
| Accounts Payable | $1.28M | $2.76M | $4.72M | $7.52M | $8.27M |
| Accrued Liabilities | $3.01M | $2.89M | $9.69M | $9.10M | $7.31M |
| Total Current Liabilities | $12.44M | $18.94M | $19.87M | $18.51M | $21.91M |
| Long-term Debt | $25.56M | $32.65M | $34.43M | $40.41M | $39.01M |
| Other Non-current Liabilities | - | - | $12.00K | $50.00K | - |
| Total Liabilities | $40.24M | $54.84M | $58.42M | $64.07M | $65.95M |
| Common Stock | $30.00K | $29.00K | $29.00K | $28.00K | $28.00K |
| Retained Earnings | $-609.52M | $-599.98M | $-518.31M | $-478.70M | $-361.01M |
| Total Stockholders Equity | $-11.59M | $-879.00K | $75.02M | $105.73M | $126.58M |
| Total Liabilities & Equity | $28.65M | $53.96M | $133.44M | $169.79M | $192.53M |
| Breakdown | TTM (Dec 31, 2024) |
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 | $-9.55M | $-9.55M | $-81.66M | $-39.62M | $-117.68M | $-101.98M |
| Stock-based Compensation | $992.00K | $459.00K | $3.03M | $9.39M | $13.75M | $12.10M |
| Change in Receivables | $7.19M | $4.05M | $1.07M | $452.00K | $1.47M | $1.90M |
| Change in Inventory | $57.00K | $-2.49M | $2.48M | $-3.08M | $3.87M | $3.89M |
| Change in Payables | $-2.16M | $-1.49M | $288.00K | $-2.85M | $-871.00K | $2.28M |
| Operating Cash Flow | $-72.49M | $-31.66M | $-63.12M | $-85.03M | $-99.68M | $-85.17M |
| Capital Expenditure | $360.00K | $112.00K | $219.00K | $3.98M | $9.97M | $11.22M |
| Sales of Investments | $7.25M | $2.75M | $82.00M | $74.64M | $107.71M | $45.00M |
| Investing Cash Flow | $45.08M | $22.15M | $58.55M | $104.75M | $19.07M | $-63.82M |
| Debt Repayment | - | $2.62M | - | $44.55M | - | - |
| Stock Issued | - | - | - | - | $82.66M | - |
| Stock Repurchased | - | - | - | $111.00K | - | - |
| Financing Cash Flow | $-5.60M | $-2.89M | $-2.66M | $-12.12M | $79.57M | $164.43M |
| Net Change in Cash | $-32.80M | $-12.18M | $-5.15M | $7.13M | $-1.16M | $15.78M |
SEC Filing Format - Data shown as it appears in the Q3 2024 (10-Q) filing
Period ended: Sep 30, 2024
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $5.27M | $2.06M | $13.03M | $4.82M |
| Cost of Revenue | $4.89M | $3.15M | $13.02M | $7.83M |
| Gross Profit | $372.00K | $-1.09M | $8.00K | $-3.02M |
| Operating Expenses | $-117.00K | $602.00K | $-216.00K | $6.45M |
| Research & Development | - | $896.00K | - | $2.75M |
| Selling General & Admin | $2.32M | $2.35M | $7.88M | $9.50M |
| Operating Income | $489.00K | $-1.69M | $224.00K | $-9.47M |
| Interest Expense | $1.40M | $1.41M | $3.39M | $3.73M |
| Interest Income | $153.00K | $547.00K | $641.00K | $2.22M |
| Other Income/Expense | $-1.30M | $-226.00K | $-3.45M | $-409.00K |
| Income Before Tax | $-816.00K | $-1.92M | $-3.23M | $-9.88M |
| Net Income | $-5.61M | $-13.24M | $-8.14M | $-47.90M |
| Basic EPS | -0.19 | -0.45 | -0.27 | -1.65 |
| Diluted EPS | -0.19 | -0.45 | -0.27 | -1.65 |
| Basic Shares Outstanding | $29.80M | $29.26M | $29.77M | $29.02M |
| Diluted Shares Outstanding | $29.80M | $29.26M | $29.77M | $29.02M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
| Cash & Cash Equivalents | $12.60M | $19.17M |
| Accounts Receivable | $9.97M | $11.35M |
| Inventory | $4.19M | $4.28M |
| Other Current Assets | $403.00K | $678.00K |
| Total Current Assets | $27.16M | $46.25M |
| Property Plant & Equipment | $736.00K | $825.00K |
| Other Non-current Assets | $94.00K | $94.00K |
| Total Assets | $32.17M | $53.96M |
| Accounts Payable | $1.71M | $2.76M |
| Accrued Liabilities | $1.70M | $2.89M |
| Total Current Liabilities | $14.66M | $18.94M |
| Long-term Debt | $25.27M | $32.65M |
| Total Liabilities | $42.47M | $54.84M |
| Common Stock | $30.00K | $29.00K |
| Retained Earnings | $-608.12M | $-599.98M |
| Total Stockholders Equity | $-10.30M | $-879.00K |
| Total Liabilities & Equity | $32.17M | $53.96M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-5.61M | $-13.24M | $-8.14M | $-47.90M |
| Stock-based Compensation | - | - | $459.00K | $1.27M |
| Change in Receivables | - | - | $3.50M | $-3.25M |
| Change in Inventory | - | - | $-87.00K | $-11.57M |
| Change in Payables | - | - | $-1.05M | $-3.02M |
| Operating Cash Flow | - | - | $-27.60M | $-45.10M |
| Capital Expenditure | - | - | $148.00K | $1.19M |
| Sales of Investments | - | - | $2.75M | $70.25M |
| Investing Cash Flow | - | - | $16.68M | $47.34M |
| Debt Repayment | - | - | $2.62M | - |
| Stock Repurchased | - | - | - | $35.00K |
| Financing Cash Flow | - | - | $-2.67M | $-2.17M |
| Net Change in Cash | - | - | $-13.61M | $-233.00K |
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.