$56.89M
Revenue
$-2.73M
Net Income
7.37%
Gross Margin
-4.73%
Op. Margin
$45.61K
Free Cash Flow
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Total Revenue | $13.00M | $13.81M | $19.73M | $10.35M | $20.46M | $21.08M |
| Revenue Growth % (YoY) | -36.5% | -34.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $11.80M | $12.64M | $18.19M | $10.06M | $20.04M | $20.88M |
| Gross Profit | $1.19M | $1.17M | $1.53M | $297.79K | $417.45K | $196.98K |
| Gross Margin % | 9.2% | 8.5% | 7.8% | 2.9% | 2.0% | 0.9% |
| Operating Expenses | $1.71M | $1.46M | $1.65M | $2.07M | $1.66M | $2.23M |
| Research & Development | $733.24K | $512.92K | $389.98K | $347.53K | $74.40K | $103.08K |
| Operating Income | $-516.58K | $-288.62K | $-116.33K | $-1.77M | $-1.24M | $-2.03M |
| Operating Margin % | -4.0% | -2.1% | -0.6% | -17.1% | -6.1% | -9.6% |
| Interest Expense | $37.42K | $16.11K | $12.04K | $26.17K | $17.97K | $9.21K |
| Interest Income | $54.00 | $22.00 | $70.00 | $16.00 | $875.00 | $4.05K |
| Other Income/Expense | $-22.14K | $87.44K | $-81.79K | $-13.63K | $109.76K | $55.83K |
| Income Before Tax | $-538.67K | $-201.16K | $-198.05K | $-1.78M | $-1.13M | $-1.97M |
| Net Income | $-538.76K | $-201.03K | $-204.43K | $-1.78M | $-1.14M | $-1.96M |
| Net Margin % | -4.1% | -1.5% | -1.0% | -17.2% | -5.6% | -9.3% |
| Basic EPS | -0.06 | -0.02 | 0.02 | -0.24 | -0.16 | -0.49 |
| Diluted EPS | -0.06 | -0.02 | 0.02 | -0.24 | -0.16 | -0.49 |
| Basic Shares Outstanding | 9.2M | 8.2M | 393K | 7.4M | 7.2M | 4.0M |
| Diluted Shares Outstanding | 9.2M | 8.2M | 393K | 7.4M | 7.2M | 4.0M |
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $671.78K | $745.26K | $620.81K | $866.74K | $268.10K | $937.61K |
| Accounts Receivable | $1.29M | $1.17M | $1.37M | $49.07K | $210.98K | $18.45K |
| Inventory | $151.51K | $200.53K | $206.61K | $316.13K | $319.93K | $208.06K |
| Other Current Assets | $847.24K | $514.88K | $583.65K | $614.56K | $684.78K | $1.91M |
| Total Current Assets | $3.02M | $2.72M | $2.92M | $1.99M | $1.60M | $7.18M |
| Property Plant & Equipment | $23.34K | $23.99K | $25.56K | $36.62K | $41.40K | $43.68K |
| Intangible Assets | $5.30M | $4.61M | $3.50M | $3.81M | $4.08M | $518.31K |
| Total Assets | $8.64M | $7.69M | $6.74M | $6.15M | $5.90M | $7.96M |
| Accounts Payable | $335.63K | $336.29K | $420.04K | $392.56K | $314.37K | $284.14K |
| Deferred Revenue | $90.08K | $180.19K | $150.09K | $140.21K | $135.51K | $1.31M |
| Total Current Liabilities | $5.04M | $4.08M | $3.63M | $3.13M | $2.56M | $3.76M |
| Total Liabilities | $5.17M | $4.68M | $3.79M | $3.32M | $2.68M | $3.89M |
| Common Stock | $10.15K | $8.26K | $8.13K | $7.65K | $7.16K | $7.09K |
| Retained Earnings | $-45.27M | $-44.73M | $-44.53M | $-44.32M | $-42.54M | $-41.40M |
| Total Stockholders Equity | $3.48M | $3.02M | $2.95M | $2.84M | $3.24M | $4.10M |
| Total Liabilities & Equity | $8.64M | $7.69M | $6.74M | $6.15M | $5.90M | $7.96M |
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Net Income | $-538.76K | $-201.03K | $-204.43K | $-4.88M | $-3.10M | $-1.96M |
| Depreciation & Amortization | $1.12M | $464.75K | $364.55K | $774.71K | $395.74K | $85.64K |
| Stock-based Compensation | $1.22M | $251.11K | $229.03K | $1.66M | $556.50K | $375.00K |
| Change in Receivables | $-110.07K | $-211.82K | $1.33M | $-667.01K | $-505.00K | $-701.38K |
| Change in Inventory | $-58.28K | $-7.60K | $-11.13K | $164.31K | $168.86K | $51.06K |
| Change in Payables | $-86.92K | $-84.80K | $27.93K | $-679.82K | $-759.07K | $-794.50K |
| Operating Cash Flow | $1.54M | $879.30K | $-589.22K | $-1.79M | $-1.59M | $-732.65K |
| Capital Expenditure | $340.00 | - | $886.00 | $7.24K | $7.25K | $2.75K |
| Investing Cash Flow | $-2.83M | $-1.55M | $-41.42K | $-4.04M | $-3.96M | $-47.52K |
| Debt Repayment | $28.15K | - | - | - | - | - |
| Stock Issued | - | - | - | $5.94M | $5.94M | $1.96M |
| Financing Cash Flow | $1.33M | $792.02K | $391.92K | $6.55M | $5.66M | $1.49M |
| Net Change in Cash | $50.98K | $124.46K | $-245.93K | $685.48K | $86.84K | $756.34K |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $13.00M | - | $26.81M | - |
| Cost of Revenue | $11.80M | - | $24.45M | - |
| Gross Profit | $1.19M | - | $2.36M | - |
| Operating Expenses | $1.71M | - | $3.17M | - |
| Research & Development | $733.24K | - | $1.25M | - |
| Operating Income | $-516.58K | - | $-805.20K | - |
| Interest Expense | - | - | $37.42K | - |
| Interest Income | $54.00 | - | $76.00 | - |
| Other Income/Expense | $-22.14K | - | $65.30K | - |
| Income Before Tax | $-538.67K | - | $-739.83K | - |
| Net Income | $-538.76K | - | $-739.78K | - |
| Basic EPS | -0.06 | - | -0.09 | - |
| Diluted EPS | -0.06 | - | -0.09 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $671.78K | $620.81K |
| Accounts Receivable | $1.29M | $1.37M |
| Inventory | $151.51K | $206.61K |
| Other Current Assets | $847.24K | $583.65K |
| Total Current Assets | $3.02M | $2.92M |
| Property Plant & Equipment | $23.34K | $25.56K |
| Intangible Assets | $5.30M | $3.50M |
| Total Assets | $8.64M | $6.74M |
| Accounts Payable | $335.63K | $420.04K |
| Deferred Revenue | $90.08K | $150.09K |
| Total Current Liabilities | $5.04M | $3.63M |
| Total Liabilities | $5.17M | $3.79M |
| Common Stock | $10.15K | $8.13K |
| Retained Earnings | $-45.27M | $-44.53M |
| Total Stockholders Equity | $3.48M | $2.95M |
| Total Liabilities & Equity | $8.64M | $6.74M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-538.76K | - | $-739.78K | - |
| Depreciation & Amortization | - | - | $1.12M | - |
| Stock-based Compensation | - | - | $1.22M | - |
| Change in Receivables | - | - | $-110.07K | - |
| Change in Inventory | - | - | $-58.28K | - |
| Change in Payables | - | - | $-86.92K | - |
| Operating Cash Flow | - | - | $1.54M | - |
| Capital Expenditure | - | - | $340.00 | - |
| Investing Cash Flow | - | - | $-2.83M | - |
| Debt Repayment | $28.15K | - | $77.41K | - |
| Financing Cash Flow | - | - | $1.33M | - |
| Net Change in Cash | - | - | $50.98K | - |
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.