$3.88M
Revenue
$-16.31M
Net Income
29.77%
Gross Margin
-450.21%
Op. Margin
$-12.57M
Free Cash Flow
| Breakdown | 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 | $149.00K | $362.00K | $2.06M | $1.30M | $1.29M | $1.18M | $187.00K | $1.95M | $110.00K | $674.00K | $303.00K | $159.00K | $134.00K |
| Revenue Growth % (YoY) | -88.5% | -69.3% | 1004.3% | -33.0% | 1074.5% | 75.2% | -38.3% | 1123.9% | -17.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $126.00K | $229.00K | $1.53M | $843.00K | $887.00K | $667.00K | $410.00K | $876.00K | $321.00K | $777.00K | $550.00K | $352.00K | $430.00K |
| Gross Profit | $23.00K | $133.00K | $538.00K | $461.00K | $405.00K | $514.00K | $-223.00K | $1.07M | $-211.00K | $-103.00K | $-247.00K | $-193.00K | $-296.00K |
| Gross Margin % | 15.4% | 36.7% | 26.1% | 35.4% | 31.3% | 43.5% | -119.3% | 55.0% | -191.8% | -15.3% | -81.5% | -121.4% | -220.9% |
| Research & Development | $2.48M | $2.36M | $2.49M | $2.18M | $1.73M | $1.41M | $1.57M | $1.50M | $1.35M | $1.35M | $1.40M | $1.17M | $1.05M |
| Operating Income | $-4.71M | $-4.44M | $-4.56M | $-3.76M | $-3.02M | $-2.36M | $-3.36M | $-1.86M | $-2.87M | $-3.12M | $-2.78M | $-1.76M | $-2.33M |
| Operating Margin % | -3159.1% | -1226.0% | -220.8% | -288.6% | -233.4% | -200.2% | -1798.9% | -95.7% | -2610.9% | -462.8% | -917.2% | -1109.4% | -1735.1% |
| Net Income | $-4.42M | $-4.08M | $-4.26M | $-3.56M | $-2.87M | $-2.18M | $-3.16M | $-1.34M | $-2.54M | $-2.88M | $-2.69M | $-1.66M | $-2.24M |
| Net Margin % | -2963.8% | -1125.7% | -206.5% | -272.7% | -221.9% | -184.8% | -1690.9% | -68.9% | -2310.9% | -426.7% | -886.5% | -1046.5% | -1674.6% |
| Basic EPS | -0.27 | -0.25 | -0.29 | -0.29 | -0.23 | -0.21 | 0.30 | -0.12 | -0.24 | -0.28 | -0.37 | -0.23 | -0.32 |
| Diluted EPS | -0.27 | -0.25 | -0.29 | -0.29 | -0.23 | -0.21 | 0.30 | -0.12 | -0.24 | -0.28 | nan | -0.23 | nan |
| Basic Shares Outstanding | 16.3M | 16.3M | 14.6M | 391K | 12.3M | 10.4M | 10K | -9.4M | 10.4M | 10.4M | 7.3M | - | 7.1M |
| Diluted Shares Outstanding | 16.3M | 16.3M | 14.6M | 391K | 12.3M | 10.4M | 10K | -9.4M | 10.4M | 10.4M | - | -7.1M | - |
| Breakdown | 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 | $29.48M | $32.91M | $36.88M | $18.16M | $20.91M | $13.24M | $7.36M | $8.95M | $15.94M | $3.32M | $9.58M | $10.10M | $2.59M |
| Accounts Receivable | $354.00K | $509.00K | $192.00K | $1.51M | $912.00K | $758.00K | $123.00K | $1.37M | - | $158.00K | $61.00K | $60.00K | $15.00K |
| Other Current Assets | $1.17M | $1.14M | $692.00K | $588.00K | $634.00K | $657.00K | $562.00K | $432.00K | $573.00K | $668.00K | $564.00K | $281.00K | $272.00K |
| Total Current Assets | $31.34M | $34.88M | $38.09M | $20.79M | $23.10M | $15.41M | $17.19M | $19.35M | $20.86M | $23.61M | $25.91M | $14.12M | $16.10M |
| Property Plant & Equipment | $360.00K | $379.00K | $407.00K | $407.00K | $423.00K | $443.00K | $466.00K | $477.00K | $503.00K | $513.00K | $508.00K | $648.00K | $708.00K |
| Other Non-current Assets | $96.00K | $96.00K | $96.00K | $96.00K | $96.00K | $96.00K | $96.00K | $96.00K | - | - | - | - | - |
| Total Assets | $32.91M | $36.56M | $39.84M | $23.68M | $26.17M | $18.57M | $20.54M | $22.83M | $24.56M | $26.41M | $28.46M | $16.89M | $19.02M |
| Accounts Payable | $357.00K | $554.00K | $486.00K | $442.00K | $301.00K | $292.00K | $399.00K | $287.00K | $293.00K | $774.00K | $365.00K | $297.00K | $366.00K |
| Deferred Revenue | $240.00K | $279.00K | $243.00K | $702.00K | $615.00K | $611.00K | $557.00K | $527.00K | $950.00K | $954.00K | $1.30M | $1.43M | $1.43M |
| Other Current Liabilities | - | - | - | - | - | - | - | - | - | - | $8.00K | - | - |
| Total Current Liabilities | $3.21M | $3.29M | $3.42M | $3.29M | $2.92M | $2.64M | $2.67M | $2.08M | $2.86M | $2.98M | $2.62M | $2.56M | $2.56M |
| Other Non-current Liabilities | - | - | - | - | - | - | - | $28.00K | $28.00K | $28.00K | - | - | - |
| Total Liabilities | $3.80M | $3.96M | $4.08M | $5.43M | $5.26M | $5.15M | $5.40M | $5.02M | $6.00M | $5.61M | $5.09M | $5.11M | $5.29M |
| Common Stock | $17.00K | $17.00K | $17.00K | $13.00K | $13.00K | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K | $7.00K | $7.00K |
| Retained Earnings | $-58.73M | $-54.31M | $-50.24M | $-45.97M | $-42.42M | $-39.55M | $-37.37M | $-34.21M | $-32.87M | $-30.32M | $-27.45M | $-24.76M | $-23.10M |
| Total Stockholders Equity | $29.11M | $32.60M | $35.77M | $18.24M | $20.91M | $13.43M | $15.14M | $17.81M | $18.56M | $20.80M | $23.38M | $11.79M | $13.73M |
| Total Liabilities & Equity | $32.91M | $36.56M | $39.84M | $23.68M | $26.17M | $18.57M | $20.54M | $22.83M | $24.56M | $26.41M | $28.46M | $16.89M | $19.02M |
| Breakdown | 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 | $-4.42M | $-4.08M | $-4.26M | $-3.56M | $-8.21M | $-5.34M | $-3.16M | $-1.34M | $-8.10M | $-5.56M | $-2.69M | $-1.66M | $-2.24M |
| Stock-based Compensation | $914.00K | $845.00K | $806.00K | $886.00K | $537.00K | $463.00K | $500.00K | $608.00K | $1.06M | $337.00K | $348.00K | $-278.00K | $459.00K |
| Change in Receivables | $-163.00K | $-1.02M | $-1.32M | $598.00K | $154.00K | $-614.00K | $-1.25M | $1.37M | $-60.00K | $98.00K | $1.00K | $45.00K | $7.00K |
| Change in Inventory | - | $-203.00K | $-203.00K | $-125.00K | $-111.00K | $-65.00K | $100.00K | $-278.00K | $58.00K | $94.00K | $63.00K | $-22.00K | $485.00K |
| Change in Payables | $-191.00K | $126.00K | $9.00K | $141.00K | $9.00K | $5.00K | $112.00K | $-6.00K | $-481.00K | $477.00K | $68.00K | $-69.00K | $263.00K |
| Operating Cash Flow | $-3.42M | $-4.17M | $-2.23M | $-2.69M | $-2.20M | $-3.32M | $-1.23M | $-2.67M | $-7.34M | $-5.08M | $-2.47M | $-1.99M | $-4.11M |
| Capital Expenditure | $11.00K | $3.00K | $27.00K | $15.00K | $8.00K | $8.00K | $22.00K | $19.00K | $37.00K | $57.00K | $15.00K | $31.00K | $45.00K |
| Investing Cash Flow | $-11.00K | $280.00K | $283.00K | $-325.00K | $7.96M | $7.99M | $-22.00K | $-4.52M | $-594.00K | $-3.54M | $-12.02M | $9.47M | $-1.59M |
| Stock Issued | - | $-35.00K | $20.91M | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $1.00K | $21.06M | $21.02M | $-32.00K | $9.85M | - | - | $-26.00K | $13.84M | $13.91M | $13.98M | - | - |
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 | $149.00K | $1.29M | $2.58M | $2.66M |
| Cost of Revenue | $126.00K | $887.00K | $1.88M | $1.96M |
| Gross Profit | $23.00K | $405.00K | $694.00K | $696.00K |
| Research & Development | $2.48M | $1.73M | $7.32M | $4.71M |
| Operating Income | $-4.71M | $-3.02M | $-13.71M | $-8.74M |
| Net Income | $-4.42M | $-2.87M | $-12.76M | $-8.21M |
| Basic EPS | -0.27 | -0.23 | -0.81 | -0.74 |
| Diluted EPS | -0.27 | -0.23 | -0.81 | -0.74 |
| Basic Shares Outstanding | $16.33M | $12.26M | $15.75M | $11.05M |
| Diluted Shares Outstanding | $16.33M | $12.26M | $15.75M | $11.05M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $29.48M | $18.16M |
| Accounts Receivable | $354.00K | $1.51M |
| Inventory | - | $203.00K |
| Other Current Assets | $1.17M | $588.00K |
| Total Current Assets | $31.34M | $20.79M |
| Property Plant & Equipment | $360.00K | $407.00K |
| Other Non-current Assets | $96.00K | $96.00K |
| Total Assets | $32.91M | $23.68M |
| Accounts Payable | $357.00K | $442.00K |
| Deferred Revenue | $240.00K | $702.00K |
| Total Current Liabilities | $3.21M | $3.29M |
| Total Liabilities | $3.80M | $5.43M |
| Common Stock | $17.00K | $13.00K |
| Retained Earnings | $-58.73M | $-45.97M |
| Total Stockholders Equity | $29.11M | $18.24M |
| Total Liabilities & Equity | $32.91M | $23.68M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.42M | $-2.87M | $-12.76M | $-8.21M |
| Stock-based Compensation | $914.00K | $537.00K | $2.56M | $1.50M |
| Change in Receivables | $-163.00K | $154.00K | $-1.19M | $-460.00K |
| Change in Inventory | - | $-111.00K | $-203.00K | $-176.00K |
| Change in Payables | $-191.00K | $9.00K | $-65.00K | $14.00K |
| Operating Cash Flow | $-3.42M | $-2.20M | $-9.82M | $-5.52M |
| Capital Expenditure | $11.00K | $8.00K | $41.00K | $38.00K |
| Investing Cash Flow | $-11.00K | $-8.00K | $269.00K | $7.96M |
| Financing Cash Flow | $1.00K | $9.85M | $21.06M | $9.85M |
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.