$-68.59M
Revenue
$-22.30M
Net Income
-
Gross Margin
-
Op. Margin
$-37.85M
Free Cash Flow
| Breakdown | Q3 2025 (Dec 31, 2024) |
Q2 2025 (Sep 30, 2024) |
Q1 2025 (Jun 30, 2024) |
Q4 2024 (Mar 31, 2024) |
Q3 2024 (Dec 31, 2023) |
Q2 2024 (Sep 30, 2023) |
|---|---|---|---|---|---|---|
| Total Revenue | $1.52M | $1.86M | $1.80M | $-73.77M | $85.96M | $1.16M |
| Revenue Growth % (YoY) | -98.2% | 59.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.45M | $1.96M | $1.53M | $-58.18M | $61.22M | $1.60M |
| Gross Profit | $72.00K | $-105.00K | $269.00K | $-15.58M | $24.74M | $-435.05K |
| Gross Margin % | 4.7% | -5.7% | 14.9% | 21.1% | 28.8% | -37.3% |
| Operating Expenses | $3.98M | $3.83M | $3.73M | $7.47M | $12.32M | $7.13M |
| Research & Development | $53.00K | $15.00K | $42.00K | $-94.66K | $112.32K | $112.14K |
| Operating Income | $-2.95M | $-3.56M | $-3.46M | $19.27M | $12.42M | $-7.56M |
| Operating Margin % | -194.1% | -191.4% | -191.6% | -26.1% | 14.4% | -649.0% |
| Interest Expense | $1.37M | $643.00K | - | - | - | - |
| Other Income/Expense | $-1.37M | $-643.00K | $-214.00K | $-20.81M | $-366.34K | $4.79M |
| Income Before Tax | $-4.32M | $-4.20M | $-3.67M | $-7.69M | - | - |
| Income Tax Expense | $-442.00K | $-255.00K | $-125.00K | $1.20M | $1.17M | - |
| Net Income | $-3.84M | $-3.94M | $-3.52M | $-11.01M | $10.92M | $-2.74M |
| Net Margin % | -252.3% | -211.9% | -194.8% | 14.9% | 12.7% | -234.9% |
| Basic EPS | -0.07 | -0.07 | -0.06 | nan | 0.21 | -0.06 |
| Diluted EPS | -0.07 | -0.07 | -0.06 | nan | 0.21 | -0.05 |
| Basic Shares Outstanding | 56.9M | 56.8M | 56.0M | - | 52.5M | 49.7M |
| Diluted Shares Outstanding | 56.9M | 56.8M | 56.0M | - | 52.5M | 49.7M |
| Breakdown | Q3 2025 (Dec 31, 2024) |
Q2 2025 (Sep 30, 2024) |
Q1 2025 (Jun 30, 2024) |
Q4 2024 (Mar 31, 2024) |
Q3 2024 (Dec 31, 2023) |
Q2 2024 (Sep 30, 2023) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $3.98M | $2.58M | $1.58M | $4.22M | $13.06M | $1.44M |
| Accounts Receivable | $1.03M | $1.35M | $453.00K | $1.12M | $520.16K | - |
| Total Current Assets | $16.16M | $14.39M | $10.50M | $12.72M | $25.80M | $27.43M |
| Property Plant & Equipment | $161.00K | $720.00K | $700.00K | $710.00K | $748.10K | $760.02K |
| Intangible Assets | $921.00K | $963.00K | $1.01M | $1.05M | $5.98M | $6.22M |
| Total Assets | $36.48M | $35.41M | $25.53M | $28.47M | $36.48M | $37.00M |
| Deferred Revenue | $4.18M | $4.76M | $4.00M | $4.70M | $5.17M | - |
| Other Current Liabilities | - | - | - | $1.50M | $1.77M | $152.14K |
| Total Current Liabilities | $41.25M | $35.22M | $21.57M | $20.94M | $18.54M | - |
| Deferred Tax Liabilities | $743.00K | $747.00K | $747.00K | $747.00K | - | - |
| Total Liabilities | $42.45M | $36.59M | $22.97M | $22.46M | $19.17M | $33.09M |
| Common Stock | $57.00K | $57.00K | $57.00K | $52.00K | $52.35K | $52.22K |
| Retained Earnings | $-107.68M | $-103.84M | $-99.90M | $-96.39M | $-85.48M | $-96.40M |
| Treasury Stock | $255.00K | - | - | - | - | - |
| Total Stockholders Equity | $-5.98M | $-1.90M | $1.84M | $5.25M | $16.51M | $3.08M |
| Total Liabilities & Equity | $36.48M | $35.41M | $25.53M | $28.47M | $36.48M | $37.00M |
| Breakdown | Q3 2025 (Dec 31, 2024) |
Q2 2025 (Sep 30, 2024) |
Q1 2025 (Jun 30, 2024) |
Q4 2024 (Mar 31, 2024) |
Q3 2024 (Dec 31, 2023) |
Q2 2024 (Sep 30, 2023) |
|---|---|---|---|---|---|---|
| Net Income | $-3.84M | $-7.45M | $-3.52M | $-11.01M | $10.92M | $552.12K |
| Stock-based Compensation | $5.00K | $5.00K | $3.00K | $3.43K | $5.02M | - |
| Deferred Income Tax | $-723.00K | $-419.00K | - | - | - | - |
| Operating Cash Flow | $-11.11M | $-6.59M | $-2.10M | $-17.92M | $-426.74K | $-11.57M |
| Capital Expenditure | $77.00K | $71.00K | $21.00K | $-35.26K | $55.26K | $35.03K |
| Acquisitions | - | - | - | $119.00 | $1.40M | $1.40M |
| Investing Cash Flow | $-2.27M | $-3.56M | $-286.00K | $3.78M | $-35.07M | $712.36K |
| Debt Repayment | $351.00K | - | - | - | - | - |
| Financing Cash Flow | $13.49M | $8.19M | $-367.00K | $5.73M | $46.27M | $10.39M |
| Net Change in Cash | $-246.00K | $-1.64M | $-2.64M | $-8.84M | $11.79M | $165.75K |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Dec 31, 2024
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2024 | Dec 31, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.52M | - | $5.18M | - |
| Cost of Revenue | $1.45M | - | $4.95M | - |
| Gross Profit | $72.00K | - | $237.00K | - |
| Operating Expenses | $3.98M | - | $11.53M | - |
| Research & Development | $53.00K | - | $111.00K | - |
| Operating Income | $-2.95M | - | $-9.96M | - |
| Interest Expense | $1.37M | - | $2.23M | - |
| Other Income/Expense | $-1.37M | - | $-2.23M | - |
| Income Before Tax | $-4.32M | - | $-12.19M | - |
| Income Tax Expense | $-442.00K | - | $-822.00K | - |
| Net Income | $-3.84M | $-2.74M | $-11.29M | - |
| Basic EPS | -0.07 | - | -0.20 | - |
| Diluted EPS | -0.07 | - | -0.20 | - |
| Basic Shares Outstanding | $56.92M | - | $56.57M | - |
| Diluted Shares Outstanding | $56.92M | - | $56.57M | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2024 | Mar 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.98M | $4.22M |
| Accounts Receivable | $1.03M | $1.12M |
| Total Current Assets | $16.16M | $12.72M |
| Property Plant & Equipment | $161.00K | $710.00K |
| Intangible Assets | $921.00K | $1.05M |
| Total Assets | $36.48M | $28.47M |
| Deferred Revenue | $4.18M | $4.70M |
| Total Current Liabilities | $41.25M | $20.94M |
| Deferred Tax Liabilities | $743.00K | $747.00K |
| Total Liabilities | $42.45M | $22.46M |
| Common Stock | $57.00K | $52.00K |
| Retained Earnings | $-107.68M | $-96.39M |
| Treasury Stock | $255.00K | - |
| Total Stockholders Equity | $-5.98M | $6.01M |
| Total Liabilities & Equity | $36.48M | $28.47M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2024 | Dec 31, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.84M | $-2.74M | $-11.29M | - |
| Stock-based Compensation | - | - | $5.00K | - |
| Deferred Income Tax | - | - | $-723.00K | - |
| Operating Cash Flow | - | - | $-11.11M | - |
| Capital Expenditure | - | - | $77.00K | - |
| Acquisitions | - | - | - | - |
| Investing Cash Flow | - | - | $-2.27M | - |
| Debt Repayment | - | - | $351.00K | - |
| Financing Cash Flow | - | - | $13.49M | - |
| Net Change in Cash | - | - | $-246.00K | - |
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.