$4.13M
Revenue
$-13.99M
Net Income
57.46%
Gross Margin
-342.90%
Op. Margin
$-17.01M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.13M | $4.51M | $6.13M | $8.05M | $7.73M | $3.94M |
| Revenue Growth % | -8.3% | -26.5% | -23.8% | 4.1% | 96.0% | nan% |
| Cost of Revenue | $1.76M | $2.04M | $3.23M | $4.32M | $5.73M | $2.60M |
| Gross Profit | $2.38M | $2.46M | $2.91M | $3.73M | $2.00M | $1.34M |
| Gross Margin % | 57.5% | 54.7% | 47.4% | 46.4% | 25.8% | 34.0% |
| Operating Expenses | $16.55M | $18.03M | $21.63M | $21.46M | $26.49M | $14.42M |
| Research & Development | $1.09M | $2.34M | $3.27M | $5.08M | $6.21M | $2.79M |
| Selling General & Admin | $15.46M | $15.69M | $18.36M | $16.39M | $20.28M | $11.63M |
| Operating Income | $-14.17M | $-15.57M | $-18.72M | $-17.73M | $-24.50M | $-13.08M |
| Operating Margin % | -342.9% | -345.4% | -305.3% | -220.3% | -316.9% | -331.6% |
| Interest Expense | - | - | - | - | - | $2.00K |
| Interest Income | $8.00K | $156.00K | $375.00K | $52.00K | $31.00K | $83.00K |
| Other Income/Expense | - | $-36.00K | $113.00K | $61.00K | $15.00K | $-3.00K |
| Net Income | $-13.99M | $-5.88M | $-30.22M | $-17.62M | $-24.45M | $-12.58M |
| Net Margin % | -338.4% | -130.4% | -492.7% | -218.9% | -316.3% | -319.0% |
| Basic EPS | nan | -0.16 | -0.72 | -0.43 | -0.62 | nan |
| Diluted EPS | nan | -0.16 | -0.72 | nan | nan | nan |
| Basic Shares Outstanding | 51.1M | 45.6M | 42.3M | 41.2M | 39.3M | - |
| Diluted Shares Outstanding | 51.1M | 45.6M | 42.3M | - | - | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $3.61M | $3.96M | $5.33M | $4.94M | $16.65M |
| Short-term Investments | - | $7.50M | $13.95M | $29.98M | $24.99M |
| Accounts Receivable | $513.00K | $3.02M | $2.83M | $3.86M | $1.87M |
| Inventory | $6.17M | $5.79M | $3.98M | $1.57M | $2.66M |
| Other Current Assets | $178.00K | $953.00K | $775.00K | $868.00K | $760.00K |
| Total Current Assets | $10.47M | $21.23M | $26.86M | $41.21M | $46.93M |
| Property Plant & Equipment | $146.00K | $509.00K | $758.00K | $976.00K | $357.29K |
| Goodwill | - | $1.61M | - | - | - |
| Intangible Assets | $2.35M | $2.65M | $2.57M | $1.98M | $1.40M |
| Other Non-current Assets | $186.00K | $251.00K | $100.00K | $9.00K | $12.68K |
| Total Assets | $15.12M | $28.50M | $30.57M | $44.23M | $48.83M |
| Accounts Payable | $609.00K | $1.11M | $1.42M | $1.78M | $1.23M |
| Accrued Liabilities | $1.40M | $692.00K | $1.46M | $824.00K | $721.08K |
| Deferred Revenue | $466.00K | $407.00K | $166.00K | $155.00K | $16.00K |
| Total Current Liabilities | $13.20M | $23.53M | $3.16M | $2.86M | $2.34M |
| Total Liabilities | $14.87M | $25.34M | $3.52M | $2.97M | $2.42M |
| Common Stock | $5.00K | $4.00K | $4.00K | $4.00K | $3.76K |
| Retained Earnings | $-105.08M | $-97.99M | $-67.38M | $-49.76M | $-25.31M |
| Total Stockholders Equity | $250.00K | $3.16M | $27.05M | $41.26M | $46.41M |
| Total Liabilities & Equity | $15.12M | $28.50M | $30.57M | $44.23M | $48.83M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-13.88M | $-5.88M | $-30.22M | $-17.62M | $-24.45M | $-12.58M |
| Depreciation & Amortization | $1.09M | $827.00K | $823.00K | $762.00K | $478.00K | $163.26K |
| Stock-based Compensation | $7.79M | $2.43M | $1.99M | $3.23M | $5.36M | $2.24M |
| Change in Receivables | $1.87M | $-2.45M | $696.00K | $-957.00K | $2.11M | $1.69M |
| Change in Inventory | $-1.39M | $391.00K | $2.22M | $2.41M | $-559.00K | $342.74K |
| Change in Payables | $-771.00K | $-441.00K | $-617.00K | $-360.00K | $546.00K | $825.38K |
| Operating Cash Flow | $-16.91M | $-8.12M | $-16.70M | $-14.60M | $-18.22M | $-12.19M |
| Capital Expenditure | $102.00K | $12.00K | $230.00K | $256.00K | $995.00K | $248.90K |
| Acquisitions | - | $20.00K | $554.00K | - | - | - |
| Purchases of Investments | - | - | $10.00M | $30.47M | $55.01M | $34.98M |
| Investing Cash Flow | $-553.00K | $7.31M | $5.18M | $14.91M | $-6.94M | $-26.11M |
| Dividends Paid | - | $120.00K | $58.00K | - | - | - |
| Financing Cash Flow | $21.69M | $468.00K | $10.15M | $83.00K | $13.45M | $37.96M |
| Net Change in Cash | - | - | $-1.38M | $393.00K | $-11.71M | $-337.00K |
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 | $1.49M | $593.00K | $3.27M | $3.64M |
| Cost of Revenue | $608.00K | $358.00K | $1.30M | $1.59M |
| Gross Profit | $883.00K | $235.00K | $1.97M | $2.06M |
| Operating Expenses | $3.64M | $3.86M | $11.51M | $12.99M |
| Research & Development | $167.00K | $527.00K | $619.00K | $1.96M |
| Selling General & Admin | $3.48M | $3.33M | $10.89M | $11.03M |
| Operating Income | $-2.76M | $-3.63M | $-9.54M | $-10.93M |
| Interest Income | $2.00K | $21.00K | $6.00K | $154.00K |
| Other Income/Expense | $-14.00K | $-5.00K | $-14.00K | $-15.00K |
| Net Income | $-2.77M | $1.99M | $-6.39M | $1.72M |
| Basic EPS | -0.06 | 0.04 | -0.14 | 0.02 |
| Diluted EPS | -0.06 | 0.04 | -0.14 | 0.02 |
| Basic Shares Outstanding | $51.10M | $45.86M | $50.00M | $45.07M |
| Diluted Shares Outstanding | $51.10M | $45.86M | $50.00M | $45.07M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.96M | $3.61M |
| Accounts Receivable | $1.82M | $513.00K |
| Inventory | $5.46M | $6.17M |
| Other Current Assets | $334.00K | $178.00K |
| Total Current Assets | $13.58M | $10.47M |
| Property Plant & Equipment | $138.00K | $146.00K |
| Intangible Assets | $2.15M | $2.35M |
| Other Non-current Assets | $128.00K | $186.00K |
| Total Assets | $18.24M | $15.12M |
| Accounts Payable | $596.00K | $609.00K |
| Accrued Liabilities | $563.00K | $1.40M |
| Deferred Revenue | $382.00K | $466.00K |
| Total Current Liabilities | $1.91M | $13.20M |
| Total Liabilities | $4.11M | $14.87M |
| Common Stock | $5.00K | $5.00K |
| Retained Earnings | $-111.96M | $-105.08M |
| Total Stockholders Equity | $14.13M | $250.00K |
| Total Liabilities & Equity | $18.24M | $15.12M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.77M | $1.99M | $-6.39M | $1.72M |
| Depreciation & Amortization | - | - | $455.00K | $646.00K |
| Stock-based Compensation | - | - | $3.07M | $1.81M |
| Change in Receivables | - | - | $1.34M | $-2.34M |
| Change in Inventory | - | - | $-1.11M | $529.00K |
| Change in Payables | - | - | $-13.00K | $168.00K |
| Operating Cash Flow | - | - | $-7.62M | $-6.92M |
| Capital Expenditure | - | - | $93.00K | $13.00K |
| Investing Cash Flow | - | - | $-249.00K | $7.36M |
| Dividends Paid | - | - | - | $120.00K |
| Financing Cash Flow | - | - | $10.23M | $468.00K |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.