$84.74M
Revenue
$-79.37M
Net Income
16.86%
Gross Margin
-61.50%
Op. Margin
$691.00K
Free Cash Flow
| Breakdown | 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) |
Q2 2022 (Jun 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $10.49M | $22.73M | $24.56M | $26.97M | $26.58M | $37.50M | $37.54M | $44.55M | $41.60M | $42.26M | $44.29M | $40.49M | $47.05M |
| Revenue Growth % (YoY) | -60.6% | -39.4% | -34.6% | -39.5% | -36.1% | -11.3% | -15.3% | 10.0% | -11.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $8.67M | $19.33M | $19.28M | $23.17M | $22.32M | $30.79M | $33.96M | $36.59M | $37.56M | $33.47M | $35.96M | $30.95M | $36.11M |
| Gross Profit | $1.82M | $3.39M | $5.28M | $3.79M | $4.26M | $6.72M | $3.58M | $7.96M | $4.04M | $8.80M | $8.33M | $9.54M | $10.95M |
| Gross Margin % | 17.4% | 14.9% | 21.5% | 14.1% | 16.0% | 17.9% | 9.5% | 17.9% | 9.7% | 20.8% | 18.8% | 23.6% | 23.3% |
| Operating Expenses | $6.83M | $9.96M | $38.35M | $11.27M | $27.76M | $12.11M | $20.43M | $12.68M | $17.99M | $16.42M | $72.04M | $15.63M | $24.52M |
| Operating Income | $-5.01M | $-6.57M | $-33.06M | $-7.48M | $-23.50M | $-5.39M | $-16.86M | $-4.72M | $-13.95M | $-7.62M | $-63.71M | $-6.10M | $-13.58M |
| Operating Margin % | -47.7% | -28.9% | -134.6% | -27.7% | -88.4% | -14.4% | -44.9% | -10.6% | -33.5% | -18.0% | -143.8% | -15.1% | -28.9% |
| Interest Expense | $552.00K | $317.00K | $1.39M | $4.71M | $3.04M | $6.04M | $5.07M | $6.37M | $5.47M | $4.09M | $3.51M | $4.15M | $3.80M |
| Interest Income | - | - | - | - | - | - | - | - | - | - | $22.00K | $45.00K | $15.00K |
| Income Before Tax | $-9.06M | $-13.10M | $-39.88M | $-14.05M | $-29.78M | $-11.23M | $-21.90M | $-10.64M | $-31.08M | $-3.54M | $-67.67M | $-9.87M | $-13.95M |
| Income Tax Expense | $89.00K | $144.00K | $1.54M | $-1.41M | $6.17M | $-1.58M | $54.00K | $-1.98M | $-2.74M | $1.33M | $5.42M | $5.82M | $-6.90M |
| Net Income | $-12.06M | $-13.24M | $-41.42M | $-12.65M | $-35.95M | $-9.65M | $-21.95M | $-8.66M | $-26.89M | $-4.88M | $-73.08M | $-15.69M | $-7.05M |
| Net Margin % | -115.0% | -58.3% | -168.6% | -46.9% | -135.2% | -25.7% | -58.5% | -19.4% | -64.7% | -11.5% | -165.0% | -38.8% | -15.0% |
| Basic EPS | nan | -0.03 | nan | -0.03 | -0.09 | -0.03 | nan | -0.02 | -0.07 | -0.01 | nan | -0.04 | -0.02 |
| Diluted EPS | nan | -0.03 | nan | -0.03 | -0.09 | -0.03 | nan | -0.02 | -0.07 | nan | nan | nan | nan |
| Basic Shares Outstanding | 391.3M | 391.3M | - | 389.5M | 388.5M | 385.7M | - | 379.6M | 378.3M | 377.7M | - | 375.8M | 375.5M |
| Diluted Shares Outstanding | 391.3M | 391.3M | - | 389.5M | 388.5M | 385.7M | - | 379.6M | 378.3M | - | - | - | - |
| Breakdown | 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) |
Q2 2022 (Jun 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory | $10.89M | $18.92M | $22.50M | $22.92M | $27.49M | $36.84M | $32.91M | $38.44M | $36.83M | $45.91M | $52.91M | $49.24M | $50.23M |
| Other Current Assets | $1.15M | $1.17M | $2.13M | $2.59M | $1.47M | $1.75M | $2.12M | $2.66M | $1.70M | $2.08M | $1.98M | $2.02M | $2.33M |
| Total Current Assets | $30.23M | $38.44M | $40.85M | $39.76M | $42.86M | $59.88M | $56.27M | $64.86M | $68.72M | $79.74M | $85.93M | $92.99M | $120.19M |
| Property Plant & Equipment | $2.89M | $30.37M | $30.73M | $31.70M | $32.83M | $49.85M | $51.19M | $52.67M | $54.32M | $59.44M | $67.94M | $69.94M | $71.17M |
| Goodwill | $17.72M | $17.72M | $17.72M | $17.72M | $17.72M | $17.72M | $17.72M | $20.75M | $20.75M | $20.75M | $20.75M | $63.88M | $63.88M |
| Intangible Assets | $40.55M | $42.55M | $44.55M | $75.09M | $78.33M | $81.56M | $84.80M | $92.22M | $95.46M | $99.45M | $102.71M | $117.74M | $121.42M |
| Long-term Investments | - | - | - | - | - | - | $1.00K | $1.00K | $2.00K | $6.40M | $6.40M | $6.41M | $6.60M |
| Other Non-current Assets | $1.09M | $3.16M | $3.16M | $3.16M | $3.17M | $1.95M | $1.95M | $1.95M | $1.45M | $1.47M | $1.45M | $1.44M | $1.37M |
| Total Assets | $138.29M | $149.74M | $151.32M | $182.59M | $189.92M | $231.83M | $231.19M | $251.23M | $258.22M | $289.68M | $293.98M | $364.38M | $401.19M |
| Deferred Revenue | $1.43M | $1.72M | $3.14M | $3.73M | $3.98M | $4.24M | $6.08M | $4.04M | $5.40M | $4.75M | $5.76M | $4.23M | $3.76M |
| Total Current Liabilities | $124.11M | $124.39M | $87.45M | $83.44M | $77.83M | $91.06M | $76.07M | $74.88M | $63.13M | $63.57M | $130.24M | $129.67M | $136.70M |
| Deferred Tax Liabilities | $697.00K | $697.00K | $697.00K | - | $472.00K | - | - | - | - | $2.16M | $1.37M | - | - |
| Other Non-current Liabilities | $147.00K | $165.00K | $350.00K | $536.00K | $716.00K | $889.00K | $1.06M | $1.23M | $1.41M | $1.59M | $273.00K | - | - |
| Total Liabilities | $200.71M | $200.11M | $188.53M | $178.19M | $173.00M | $178.99M | $168.79M | $167.09M | $166.87M | $167.63M | $172.46M | $170.56M | $192.21M |
| Common Stock | $856.24M | $856.25M | $856.24M | $856.56M | $856.53M | $856.51M | $856.42M | $856.21M | $856.04M | $858.40M | $858.14M | $857.41M | $856.87M |
| Retained Earnings | $-1.15B | $-1.14B | $-1.13B | $-1.08B | $-1.07B | $-1.04B | $-1.03B | $-1.00B | $-995.47M | $-968.58M | $-963.70M | $-890.62M | $-874.93M |
| Total Stockholders Equity | $-62.42M | $-50.38M | $-37.20M | $4.40M | $16.92M | $52.84M | $62.39M | $84.14M | $92.62M | $121.87M | $121.35M | $193.82M | $208.99M |
| Total Liabilities & Equity | $138.29M | $149.74M | $151.32M | $182.59M | $189.92M | $231.83M | $231.19M | $251.23M | $258.22M | $289.68M | $293.98M | $364.38M | $401.19M |
| Breakdown | 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) |
Q2 2022 (Jun 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-12.06M | $-13.24M | $-41.42M | $-58.25M | $-35.95M | $-9.65M | $-21.95M | $-8.66M | $-26.89M | $-4.88M | $-73.08M | $-15.69M | $-7.05M |
| Depreciation & Amortization | $4.52M | $3.40M | $4.64M | $14.61M | $9.96M | $4.98M | $5.03M | $16.53M | $11.49M | $5.50M | $6.11M | $17.83M | $11.81M |
| Deferred Income Tax | - | - | $1.22M | $3.14M | $4.13M | $-1.87M | $-1.08M | $-3.95M | $-2.38M | $784.00K | $4.74M | $-3.45M | $-9.49M |
| Change in Inventory | $-2.94M | $-2.81M | $109.00K | $-7.17M | $-2.88M | $3.94M | $-3.80M | $-8.64M | $-10.98M | $-7.00M | $3.66M | $-6.35M | $-5.35M |
| Operating Cash Flow | $4.11M | $1.90M | $-508.00K | $319.00K | $-1.70M | $-2.44M | $3.98M | $1.39M | $440.00K | $3.77M | $320.00K | $8.29M | $3.76M |
| Capital Expenditure | $2.12M | $2.12M | $320.00K | $572.00K | $479.00K | $221.00K | $362.00K | $351.00K | $326.00K | $125.00K | $286.00K | $14.86M | $13.98M |
| Investing Cash Flow | $-2.04M | $-2.09M | $-291.00K | $-451.00K | $-415.00K | $-185.00K | $-73.00K | $13.24M | $11.88M | $12.82M | $-875.00K | $-15.96M | $-14.80M |
| Financing Cash Flow | $-3.46M | $219.00K | $1.20M | $717.00K | $1.47M | $2.82M | $-3.35M | $-15.34M | $-11.70M | $-14.90M | $-12.51M | $17.30M | $38.77M |
| Net Change in Cash | $-1.40M | $33.00K | $394.00K | $577.00K | $-655.00K | $187.00K | $549.00K | $-717.00K | $613.00K | $1.69M | $-13.07M | $9.62M | $27.73M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.