$84.74M
Revenue
$-79.37M
Net Income
16.86%
Gross Margin
-61.50%
Op. Margin
$691.00K
Free Cash Flow
| Breakdown | TTM (Jun 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Total Revenue | $84.74M | $115.61M | $165.96M | $174.19M |
| Revenue Growth % | -26.7% | -30.3% | -4.7% | nan% |
| Cost of Revenue | $70.45M | $95.56M | $141.58M | $136.02M |
| Gross Profit | $14.29M | $20.05M | $24.38M | $38.17M |
| Gross Margin % | 16.9% | 17.3% | 14.7% | 21.9% |
| Operating Expenses | $66.41M | $89.48M | $67.53M | $129.03M |
| Operating Income | $-52.12M | $-69.43M | $-43.15M | $-90.86M |
| Operating Margin % | -61.5% | -60.1% | -26.0% | -52.2% |
| Interest Expense | $6.97M | $6.10M | $21.00M | $14.24M |
| Interest Income | - | - | - | $67.00K |
| Income Before Tax | $-76.09M | $-94.94M | $-67.16M | $-104.46M |
| Income Tax Expense | $373.00K | $4.72M | $-3.34M | $3.01M |
| Net Income | $-79.37M | $-99.67M | $-62.38M | $-107.45M |
| Net Margin % | -93.7% | -86.2% | -37.6% | -61.7% |
| Basic EPS | nan | -0.26 | -0.16 | -0.29 |
| Diluted EPS | nan | -0.26 | -0.16 | -0.29 |
| Basic Shares Outstanding | 391.3M | 388.7M | 379.6M | 375.5M |
| Diluted Shares Outstanding | 391.3M | 388.7M | 379.6M | 375.5M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|
| Inventory | $22.50M | $32.91M | $52.91M |
| Other Current Assets | $2.13M | $2.12M | $1.98M |
| Total Current Assets | $40.85M | $56.27M | $85.93M |
| Property Plant & Equipment | $30.73M | $51.19M | $67.94M |
| Goodwill | $17.72M | $17.72M | $20.75M |
| Intangible Assets | $44.55M | $84.80M | $102.71M |
| Long-term Investments | - | $1.00K | $6.40M |
| Other Non-current Assets | $3.16M | $1.95M | $1.45M |
| Total Assets | $151.32M | $231.19M | $293.98M |
| Deferred Revenue | $3.14M | $6.08M | $5.76M |
| Total Current Liabilities | $87.45M | $76.07M | $130.24M |
| Deferred Tax Liabilities | $697.00K | - | $1.37M |
| Other Non-current Liabilities | $350.00K | $1.06M | $273.00K |
| Total Liabilities | $188.53M | $168.79M | $172.46M |
| Common Stock | $856.24M | $856.42M | $858.14M |
| Retained Earnings | $-1.13B | $-1.03B | $-963.70M |
| Total Stockholders Equity | $-37.20M | $62.39M | $121.35M |
| Total Liabilities & Equity | $151.32M | $231.19M | $293.98M |
| Breakdown | TTM (Jun 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Net Income | $-124.97M | $-99.67M | $-62.38M | $-107.45M |
| Depreciation & Amortization | $27.17M | $19.25M | $21.55M | $23.93M |
| Deferred Income Tax | - | $4.35M | $-5.03M | $1.29M |
| Change in Inventory | $-12.81M | $-7.06M | $-12.45M | $-2.69M |
| Operating Cash Flow | $5.82M | $-189.00K | $5.37M | $8.61M |
| Capital Expenditure | $5.13M | $892.00K | $713.00K | $15.14M |
| Investing Cash Flow | $-4.87M | $-742.00K | $13.17M | $-16.84M |
| Financing Cash Flow | $-1.33M | $1.91M | $-18.69M | $4.78M |
| Net Change in Cash | $-394.00K | $971.00K | $-168.00K | $-3.45M |
SEC Filing Format - Data shown as it appears in the Q2 2025 (10-Q) filing
Period ended: Jun 30, 2025
Condensed Consolidated Statements of Operations
| Description | Jun 30, 2025 | Jun 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $10.49M | - | $27.42M | - |
| Cost of Revenue | $8.67M | - | $22.58M | - |
| Gross Profit | $1.82M | - | $4.84M | - |
| Operating Expenses | $6.83M | - | $14.39M | - |
| Operating Income | $-5.01M | - | $-9.55M | - |
| Interest Expense | $7.60M | - | $552.00K | - |
| Income Before Tax | $-9.06M | - | $-18.18M | - |
| Income Tax Expense | $89.00K | - | $233.00K | - |
| Net Income | $-12.06M | - | $-25.30M | - |
| Basic Shares Outstanding | $391.28M | - | $391.26M | - |
| Diluted Shares Outstanding | $391.28M | - | $391.26M | - |
Condensed Consolidated Balance Sheets
| Description | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Inventory | $10.89M | $14.47M |
| Other Current Assets | $1.15M | $1.79M |
| Total Current Assets | $30.23M | $40.85M |
| Property Plant & Equipment | $2.89M | $1.01M |
| Goodwill | $17.72M | $17.72M |
| Intangible Assets | $40.55M | $44.55M |
| Other Non-current Assets | $1.09M | $1.83M |
| Total Assets | $138.29M | $151.32M |
| Deferred Revenue | $1.43M | $3.14M |
| Total Current Liabilities | $124.11M | $87.47M |
| Deferred Tax Liabilities | $697.00K | $697.00K |
| Other Non-current Liabilities | $147.00K | $345.00K |
| Total Liabilities | $200.71M | $188.53M |
| Common Stock | $856.24M | $856.24M |
| Retained Earnings | $-1.15B | $-1.13B |
| Total Stockholders Equity | $-62.42M | $-37.20M |
| Total Liabilities & Equity | $138.29M | $151.32M |
Condensed Consolidated Statements of Cash Flows
| Description | Jun 30, 2025 | Jun 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-12.06M | - | $-25.30M | - |
| Depreciation & Amortization | $2.32M | - | $4.52M | - |
| Change in Inventory | - | - | $-2.94M | - |
| Operating Cash Flow | - | - | $4.11M | - |
| Capital Expenditure | - | - | $2.12M | - |
| Investing Cash Flow | - | - | $-2.04M | - |
| Financing Cash Flow | - | - | $-3.46M | - |
| Net Change in Cash | - | - | $-1.40M | - |
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.