$4.13M
Revenue
$-13.99M
Net Income
57.46%
Gross Margin
-342.90%
Op. Margin
$-17.01M
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 | $1.49M | $1.01M | $765.00K | $865.00K | $593.00K | $1.57M |
| Revenue Growth % (YoY) | 151.4% | -35.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $608.00K | $525.00K | $170.00K | $455.00K | $358.00K | $589.00K |
| Gross Profit | $883.00K | $487.00K | $595.00K | $410.00K | $235.00K | $984.00K |
| Gross Margin % | 59.2% | 48.1% | 77.8% | 47.4% | 39.6% | 62.6% |
| Operating Expenses | $3.64M | $3.34M | $4.52M | $5.04M | $3.86M | $4.15M |
| Research & Development | $167.00K | $162.00K | $378.00K | $384.00K | $527.00K | $679.00K |
| Selling General & Admin | $3.48M | $3.18M | $4.14M | $4.66M | $3.33M | $3.48M |
| Operating Income | $-2.76M | $-2.86M | $-3.92M | $-4.63M | $-3.63M | $-3.17M |
| Operating Margin % | -185.2% | -282.2% | -512.7% | -535.6% | -611.5% | -201.5% |
| Interest Income | $2.00K | $2.00K | $2.00K | $2.00K | $21.00K | $55.00K |
| Other Income/Expense | $-14.00K | $-2.00K | - | $-21.00K | $-5.00K | $-8.00K |
| Net Income | $-2.77M | $-3.73M | $109.00K | $-7.60M | $1.99M | $-385.00K |
| Net Margin % | -186.0% | -368.3% | 14.2% | -878.3% | 335.6% | -24.5% |
| Basic EPS | -0.06 | -0.07 | nan | -0.18 | 0.04 | -0.02 |
| Diluted EPS | -0.06 | -0.07 | nan | -0.18 | nan | nan |
| Basic Shares Outstanding | 51.1M | 50.6M | 48.4M | 553K | 45.9M | 45.3M |
| Diluted Shares Outstanding | 51.1M | 50.6M | 48.4M | 553K | - | - |
| 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 | $5.96M | $4.18M | $6.17M | $3.61M | $4.87M | $2.06M |
| Short-term Investments | - | - | - | - | - | $2.50M |
| Accounts Receivable | $1.82M | $906.00K | $660.00K | $513.00K | $778.00K | $3.26M |
| Inventory | $5.46M | $5.90M | $6.08M | $6.17M | $6.31M | $6.49M |
| Other Current Assets | $334.00K | $334.00K | $582.00K | $178.00K | $288.00K | $693.00K |
| Total Current Assets | $13.58M | $11.32M | $13.49M | $10.47M | $12.24M | $15.01M |
| Property Plant & Equipment | $138.00K | $87.00K | $108.00K | $146.00K | $210.00K | $292.00K |
| Goodwill | - | - | - | - | $1.64M | $1.61M |
| Intangible Assets | $2.15M | $2.26M | $2.34M | $2.35M | $2.44M | $2.53M |
| Other Non-current Assets | $128.00K | $128.00K | $143.00K | $186.00K | $214.00K | $214.00K |
| Total Assets | $18.24M | $15.61M | $17.97M | $15.12M | $18.79M | $21.76M |
| Accounts Payable | $596.00K | $583.00K | $494.00K | $609.00K | $1.28M | $1.14M |
| Accrued Liabilities | $563.00K | $872.00K | $1.12M | $1.40M | $1.01M | $1.15M |
| Deferred Revenue | $382.00K | $302.00K | $322.00K | $466.00K | $622.00K | $452.00K |
| Total Current Liabilities | $1.91M | $2.00M | $13.82M | $13.20M | $10.65M | $16.15M |
| Total Liabilities | $4.11M | $3.85M | $15.40M | $14.87M | $12.38M | $17.92M |
| Common Stock | $5.00K | $5.00K | $5.00K | $5.00K | $4.00K | $4.00K |
| Retained Earnings | $-111.96M | $-109.03M | $-105.14M | $-105.08M | $-97.28M | $-98.96M |
| Total Stockholders Equity | $14.13M | $11.76M | $2.57M | $250.00K | $6.41M | $3.84M |
| Total Liabilities & Equity | $18.24M | $15.61M | $17.97M | $15.12M | $18.79M | $21.76M |
| 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 | $-2.77M | $-3.62M | $109.00K | $-7.60M | $1.72M | $-385.00K |
| Depreciation & Amortization | $455.00K | $304.00K | $155.00K | $181.00K | $646.00K | $451.00K |
| Stock-based Compensation | $3.07M | $2.44M | $1.67M | $619.00K | $1.81M | $918.00K |
| Change in Receivables | $1.34M | $453.00K | $184.00K | $-109.00K | $-2.34M | $236.00K |
| Change in Inventory | $-1.11M | $-79.00K | $-71.00K | $-138.00K | $529.00K | $707.00K |
| Change in Payables | $-13.00K | $-34.00K | $-115.00K | $-609.00K | $168.00K | $25.00K |
| Operating Cash Flow | $-7.62M | $-5.01M | $-3.07M | $-1.21M | $-6.92M | $-7.25M |
| Capital Expenditure | $93.00K | $8.00K | $2.00K | $-1.00K | $13.00K | $13.00K |
| Acquisitions | - | - | $54.00K | $20.00K | - | - |
| Purchases of Investments | - | - | - | - | - | - |
| Investing Cash Flow | $-249.00K | $-153.00K | $-100.00K | $-51.00K | $7.36M | $4.89M |
| Dividends Paid | - | - | - | - | $120.00K | $120.00K |
| Financing Cash Flow | $10.23M | $5.73M | $5.73M | - | $468.00K | $468.00K |
| Net Change in Cash | - | - | - | - | $912.00K | $-1.89M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.