$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $149.00K | $362.00K | $2.06M | $1.30M | $1.29M | $1.18M |
| Revenue Growth % (YoY) | -88.5% | -69.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $126.00K | $229.00K | $1.53M | $843.00K | $887.00K | $667.00K |
| Gross Profit | $23.00K | $133.00K | $538.00K | $461.00K | $405.00K | $514.00K |
| Gross Margin % | 15.4% | 36.7% | 26.1% | 35.4% | 31.3% | 43.5% |
| Research & Development | $2.48M | $2.36M | $2.49M | $2.18M | $1.73M | $1.41M |
| Operating Income | $-4.71M | $-4.44M | $-4.56M | $-3.76M | $-3.02M | $-2.36M |
| Operating Margin % | -3159.1% | -1226.0% | -220.8% | -288.6% | -233.4% | -200.2% |
| Net Income | $-4.42M | $-4.08M | $-4.26M | $-3.56M | $-2.87M | $-2.18M |
| Net Margin % | -2963.8% | -1125.7% | -206.5% | -272.7% | -221.9% | -184.8% |
| Basic EPS | -0.27 | -0.25 | -0.29 | -0.29 | -0.23 | -0.21 |
| Diluted EPS | -0.27 | -0.25 | -0.29 | -0.29 | -0.23 | -0.21 |
| Basic Shares Outstanding | 16.3M | 16.3M | 14.6M | 391K | 12.3M | 10.4M |
| Diluted Shares Outstanding | 16.3M | 16.3M | 14.6M | 391K | 12.3M | 10.4M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $29.48M | $32.91M | $36.88M | $18.16M | $20.91M | $13.24M |
| Accounts Receivable | $354.00K | $509.00K | $192.00K | $1.51M | $912.00K | $758.00K |
| Other Current Assets | $1.17M | $1.14M | $692.00K | $588.00K | $634.00K | $657.00K |
| Total Current Assets | $31.34M | $34.88M | $38.09M | $20.79M | $23.10M | $15.41M |
| Property Plant & Equipment | $360.00K | $379.00K | $407.00K | $407.00K | $423.00K | $443.00K |
| Other Non-current Assets | $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 |
| Accounts Payable | $357.00K | $554.00K | $486.00K | $442.00K | $301.00K | $292.00K |
| Deferred Revenue | $240.00K | $279.00K | $243.00K | $702.00K | $615.00K | $611.00K |
| Total Current Liabilities | $3.21M | $3.29M | $3.42M | $3.29M | $2.92M | $2.64M |
| Total Liabilities | $3.80M | $3.96M | $4.08M | $5.43M | $5.26M | $5.15M |
| Common Stock | $17.00K | $17.00K | $17.00K | $13.00K | $13.00K | $10.00K |
| Retained Earnings | $-58.73M | $-54.31M | $-50.24M | $-45.97M | $-42.42M | $-39.55M |
| Total Stockholders Equity | $29.11M | $32.60M | $35.77M | $18.24M | $20.91M | $13.43M |
| Total Liabilities & Equity | $32.91M | $36.56M | $39.84M | $23.68M | $26.17M | $18.57M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-4.42M | $-4.08M | $-4.26M | $-3.56M | $-8.21M | $-5.34M |
| Stock-based Compensation | $914.00K | $845.00K | $806.00K | $886.00K | $537.00K | $463.00K |
| Change in Receivables | $-163.00K | $-1.02M | $-1.32M | $598.00K | $154.00K | $-614.00K |
| Change in Inventory | - | $-203.00K | $-203.00K | $-125.00K | $-111.00K | $-65.00K |
| Change in Payables | $-191.00K | $126.00K | $9.00K | $141.00K | $9.00K | $5.00K |
| Operating Cash Flow | $-3.42M | $-4.17M | $-2.23M | $-2.69M | $-2.20M | $-3.32M |
| Capital Expenditure | $11.00K | $3.00K | $27.00K | $15.00K | $8.00K | $8.00K |
| Investing Cash Flow | $-11.00K | $280.00K | $283.00K | $-325.00K | $7.96M | $7.99M |
| Stock Issued | - | $-35.00K | $20.91M | - | - | - |
| Financing Cash Flow | $1.00K | $21.06M | $21.02M | $-32.00K | $9.85M | - |
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.