$4.40M
Revenue
$-60.78M
Net Income
54.73%
Gross Margin
-1392.91%
Op. Margin
$-42.87M
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 | $260.00K | $518.00K | $2.14M | $1.49M | $115.00K | $104.00K | $176.00K | $314.00K | $429.00K | $463.00K | $297.00K | $-3.55M | $1.02M |
| Revenue Growth % (YoY) | 126.1% | 398.1% | 1114.8% | 373.2% | -73.2% | -77.5% | -40.7% | 108.8% | -57.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $121.00K | $168.00K | $806.00K | $869.00K | $43.00K | $32.00K | $252.00K | $409.00K | $159.00K | $169.00K | $265.00K | $-2.76M | $1.22M |
| Gross Profit | $139.00K | $350.00K | $1.32M | $595.00K | $50.00K | $50.00K | $-98.00K | $-117.00K | $248.00K | $272.00K | $10.00K | $2.00M | $-1.17M |
| Gross Margin % | 53.5% | 67.6% | 62.0% | 40.0% | 43.5% | 48.1% | -55.7% | -37.3% | 57.8% | 58.7% | 3.4% | -56.4% | -115.4% |
| Operating Expenses | $11.19M | $10.19M | $8.12M | $34.22M | $13.56M | $4.68M | $9.17M | $16.06M | $6.76M | $8.57M | $-5.84M | $-7.68M | $8.05M |
| Research & Development | $3.88M | $3.28M | $2.92M | $2.26M | $2.82M | $2.45M | $2.17M | $2.55M | $2.19M | $2.44M | $2.13M | $-7.82M | $4.42M |
| Operating Income | $-11.05M | $-9.84M | $-6.80M | $-33.63M | $-13.52M | $-4.63M | $-9.27M | $-16.18M | $-6.51M | $-8.29M | $5.80M | $9.68M | $-9.22M |
| Operating Margin % | -4249.2% | -1900.0% | -318.0% | -2262.9% | -11752.2% | -4453.8% | -5265.3% | -5152.5% | -1518.2% | -1791.4% | 1952.2% | -272.7% | -906.7% |
| Interest Expense | $69.00K | $45.00K | $24.00K | $25.00K | $17.00K | - | - | - | - | - | - | - | $24.00K |
| Other Income/Expense | $223.00K | $125.00K | $157.00K | $146.00K | $53.00K | $110.00K | $153.00K | $269.00K | $-4.00K | $-16.00K | $-2.00K | $-371.00K | $62.00K |
| Income Before Tax | - | - | - | - | - | - | $-9.13M | $-15.99M | $-6.49M | $-8.33M | $5.96M | $9.31M | $-9.33M |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-10.85M | $-9.74M | $-6.67M | $-33.51M | $-13.49M | $-4.53M | $-9.13M | $-15.99M | $-6.49M | $-8.33M | $3.03M | $-44.98M | $-9.33M |
| Net Margin % | -4174.6% | -1880.7% | -312.0% | -2255.1% | -11733.0% | -4355.8% | -5186.9% | -5093.0% | -1512.6% | -1799.8% | 1021.2% | 1267.0% | -917.7% |
| Basic EPS | -0.34 | -0.30 | -0.26 | -2.30 | -0.98 | -0.36 | -1.13 | -2.07 | -0.81 | -1.07 | 0.02 | -0.40 | -0.08 |
| Diluted EPS | -0.34 | -0.30 | -0.26 | -2.30 | -0.98 | -0.36 | -1.13 | -2.07 | -0.81 | -1.07 | 0.02 | -8.03 | nan |
| Basic Shares Outstanding | 32.0M | 32.0M | 25.7M | 1.4M | 13.7M | 12.9M | 8.3M | 205K | 8K | 8K | 119.2M | -108.0M | 118.6M |
| Diluted Shares Outstanding | 32.0M | 32.0M | 25.7M | 1.4M | 13.7M | 12.9M | 8.3M | 205K | 8K | 8K | 119.3M | 5.5M | - |
| 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 | $18.69M | $24.29M | $31.03M | $8.64M | $3.36M | $9.26M | $5.58M | $9.43M | $13.78M | $17.37M | $11.80M | $19.99M | $32.05M |
| Accounts Receivable | $258.00K | $512.00K | $3.54M | $1.61M | $209.00K | $85.00K | $161.00K | $484.00K | $1.88M | $1.72M | $1.90M | $2.01M | $1.99M |
| Inventory | $471.00K | $693.00K | $459.00K | $410.00K | $232.00K | - | - | - | - | - | - | - | - |
| Other Current Assets | $1.24M | $1.35M | $1.24M | $821.00K | $627.00K | $595.00K | $735.00K | $643.00K | $672.00K | $1.18M | $970.00K | $977.00K | $2.17M |
| Total Current Assets | $21.39M | $26.84M | $36.26M | $11.76M | $4.79M | $9.97M | $6.54M | $10.70M | $16.92M | $20.98M | $15.65M | $25.54M | $36.64M |
| Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | $18.68M |
| Intangible Assets | $14.60M | $14.60M | $14.60M | $14.61M | $56.53M | $56.55M | $56.57M | $56.59M | $56.62M | $56.64M | $56.66M | $61.63M | $88.36M |
| Other Non-current Assets | $672.00K | $702.00K | $642.00K | $691.00K | $699.00K | $563.00K | $438.00K | $463.00K | $520.00K | $329.00K | $367.00K | $371.00K | $366.00K |
| Total Assets | $43.94M | $50.52M | $60.36M | $35.08M | $70.22M | $74.72M | $70.97M | $74.89M | $81.59M | $87.54M | $82.80M | $100.09M | $157.34M |
| Accounts Payable | $1.06M | $1.28M | $2.28M | $2.28M | $872.00K | $1.05M | $908.00K | $953.00K | $1.14M | $875.00K | $1.40M | $1.25M | $1.83M |
| Accrued Liabilities | $2.23M | $1.46M | $2.52M | $1.94M | $1.91M | $1.31M | $2.43M | $1.65M | $1.72M | $1.30M | $2.23M | $1.77M | $4.07M |
| Total Current Liabilities | $7.66M | $6.65M | $9.68M | $7.28M | $9.09M | $7.20M | $8.33M | $7.19M | $8.03M | $7.67M | $9.43M | $12.11M | $12.95M |
| Total Liabilities | $53.13M | $49.42M | $50.14M | $47.35M | $60.51M | $52.02M | $54.05M | $49.30M | $39.10M | $39.22M | $39.34M | $60.50M | $75.41M |
| Common Stock | $368.52M | $367.96M | $367.39M | $338.24M | $326.68M | $326.20M | $310.55M | $310.30M | $310.00M | $309.54M | $295.53M | $294.93M | $292.54M |
| Retained Earnings | $-377.81M | $-366.95M | $-357.21M | $-350.54M | $-317.03M | $-303.54M | $-299.00M | $-289.88M | $-272.46M | $-265.98M | $-257.64M | $-260.68M | $-215.70M |
| Total Stockholders Equity | $-9.20M | $1.10M | $10.22M | $-12.27M | $9.71M | $22.70M | $11.59M | $20.47M | $37.56M | $43.60M | $37.93M | $34.29M | $76.86M |
| Total Liabilities & Equity | $43.94M | $50.52M | $60.36M | $35.08M | $70.22M | $74.72M | $70.97M | $74.89M | $81.59M | $87.54M | $82.80M | $100.09M | $157.34M |
| 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 | $-10.85M | $-16.41M | $-6.67M | $-33.51M | $-27.15M | $-13.66M | $-9.13M | $-15.99M | $-6.49M | $-5.30M | $3.03M | $-44.98M | $-9.33M |
| Depreciation & Amortization | $584.00K | $559.00K | $484.00K | $541.00K | $318.00K | $617.00K | $313.00K | $303.00K | - | - | - | - | - |
| Stock-based Compensation | $1.50M | $977.00K | $473.00K | $499.00K | $1.25M | $804.00K | $418.00K | $484.00K | $2.28M | $1.67M | $834.00K | $2.62M | $7.42M |
| Change in Receivables | $-1.35M | $-1.10M | $1.93M | $1.40M | $-275.00K | $-399.00K | $-323.00K | $21.00K | $-130.00K | $-296.00K | $-111.00K | $22.00K | $553.00K |
| Change in Inventory | $61.00K | $283.00K | $49.00K | $178.00K | $232.00K | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $-16.64M | $-12.14M | $-5.86M | $-5.35M | $-15.36M | $-9.81M | $-3.83M | $-4.42M | $-18.76M | $-16.50M | $-9.67M | $-9.65M | $-35.92M |
| Capital Expenditure | $1.71M | $656.00K | $307.00K | $214.00K | $302.00K | $215.00K | $24.00K | $264.00K | $17.00K | - | - | $802.00K | $3.54M |
| Investing Cash Flow | $-1.71M | $-656.00K | $-307.00K | $-210.00K | $-302.00K | $-215.00K | $-24.00K | $103.00K | $-1.17M | $123.00K | - | $-802.00K | $-3.54M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | $1.32M |
| Stock Issued | $29.14M | $29.14M | $29.14M | $10.21M | $15.81M | $15.81M | - | - | $13.85M | $13.85M | - | - | $32.81M |
| Financing Cash Flow | $28.32M | $28.44M | $28.56M | $10.84M | $9.59M | $9.85M | - | $-30.00K | $12.22M | $12.25M | $-28.00K | $-100.00K | $35.91M |
| Net Change in Cash | $9.87M | $15.65M | $22.39M | $5.27M | $-6.07M | $-176.00K | $-3.85M | $-4.35M | $-7.72M | $-4.13M | $-9.70M | $-10.55M | $-3.55M |
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 | $260.00K | $115.00K | $2.92M | $395.00K |
| Cost of Revenue | $121.00K | $43.00K | $1.11M | $184.00K |
| Gross Profit | $139.00K | $50.00K | $1.80M | $145.00K |
| Operating Expenses | $11.19M | $13.56M | $29.49M | $27.56M |
| Research & Development | $3.88M | $2.82M | $10.07M | $7.58M |
| Operating Income | $-11.05M | $-13.52M | $-27.69M | $-27.41M |
| Interest Expense | - | - | $69.00K | $17.00K |
| Other Income/Expense | $223.00K | $53.00K | $505.00K | $316.00K |
| Income Tax Expense | - | - | - | - |
| Net Income | $-10.85M | $-13.49M | $-27.27M | $-27.15M |
| Basic EPS | -0.34 | -0.98 | -0.91 | -2.36 |
| Diluted EPS | -0.34 | -0.98 | -0.91 | -2.36 |
| Basic Shares Outstanding | $32.03M | $13.71M | $29.94M | $11.62M |
| Diluted Shares Outstanding | $32.03M | $13.71M | $29.94M | $11.62M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $18.69M | $8.64M |
| Accounts Receivable | $258.00K | $1.61M |
| Inventory | $471.00K | $410.00K |
| Other Current Assets | $1.24M | $821.00K |
| Total Current Assets | $21.39M | $11.76M |
| Intangible Assets | $14.60M | $14.61M |
| Other Non-current Assets | $672.00K | $691.00K |
| Total Assets | $43.94M | $35.08M |
| Accounts Payable | $1.06M | $2.28M |
| Accrued Liabilities | $2.23M | $1.94M |
| Total Current Liabilities | $7.66M | $7.28M |
| Total Liabilities | $53.13M | $47.35M |
| Common Stock | $368.52M | $338.24M |
| Retained Earnings | $-377.81M | $-350.54M |
| Total Stockholders Equity | $-9.20M | $-12.27M |
| Total Liabilities & Equity | $43.94M | $35.08M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-10.85M | $-13.49M | $-27.27M | $-27.15M |
| Depreciation & Amortization | $584.00K | $318.00K | $1.63M | $935.00K |
| Stock-based Compensation | - | - | $1.50M | $1.25M |
| Change in Receivables | - | - | $-1.35M | $-275.00K |
| Change in Inventory | - | - | $61.00K | $232.00K |
| Operating Cash Flow | - | - | $-16.64M | $-15.34M |
| Capital Expenditure | - | - | $1.71M | $302.00K |
| Investing Cash Flow | - | - | $-1.71M | $-302.00K |
| Stock Issued | - | - | $29.14M | $15.81M |
| Financing Cash Flow | - | - | $28.32M | $9.59M |
| Net Change in Cash | - | - | $9.87M | $-6.07M |
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.