$27.74M
Revenue
$-11.38M
Net Income
24.72%
Gross Margin
-31.02%
Op. Margin
$-14.70M
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 | $6.46M | $6.71M | $7.16M | $7.41M | $7.51M | $7.81M |
| Revenue Growth % (YoY) | -14.0% | -14.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.85M | $5.08M | $5.38M | $5.57M | $6.48M | $6.87M |
| Gross Profit | $1.61M | $1.64M | $1.78M | $1.83M | $1.03M | $933.91K |
| Gross Margin % | 24.9% | 24.4% | 24.9% | 24.8% | 13.8% | 12.0% |
| Operating Expenses | $4.24M | $3.97M | $3.49M | $3.77M | $4.55M | $5.18M |
| Selling General & Admin | $2.57M | $2.63M | $2.66M | $2.41M | $3.08M | $3.61M |
| Operating Income | $-2.63M | $-2.33M | $-1.71M | $-1.93M | $-3.52M | $-4.24M |
| Operating Margin % | -40.8% | -34.7% | -23.9% | -26.1% | -46.8% | -54.3% |
| Interest Expense | $646.06K | $556.68K | $251.84K | $941.97K | $1.78M | $1.08M |
| Other Income/Expense | $-2.46K | $374.00 | $-5.53K | $-999.00K | $917.85K | $-73.81K |
| Income Before Tax | $2.53M | $-3.01M | $-5.38M | $-5.52M | $-3.84M | $-4.94M |
| Net Income | $2.53M | $-3.01M | $-5.38M | $-5.52M | $-3.68M | $-8.44M |
| Net Margin % | 39.2% | -44.8% | -75.1% | -74.5% | -49.0% | -108.0% |
| Basic EPS | 0.07 | -0.09 | -0.38 | -0.47 | -0.32 | -0.69 |
| Diluted EPS | -0.05 | -0.09 | -0.38 | -0.47 | -0.32 | -0.69 |
| Basic Shares Outstanding | 33.4M | 31.8M | 14.2M | -45K | 11.7M | 12.2M |
| Diluted Shares Outstanding | 33.7M | 31.8M | 14.2M | -45K | 11.7M | 12.2M |
| 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 | $1.11M | $760.75K | $1.79M | $992.59K | $443.09K | $1.12M |
| Accounts Receivable | $1.30M | $1.59M | $1.74M | $1.84M | $1.89M | $2.16M |
| Other Current Assets | $313.92K | $590.71K | $1.08M | $137.72K | $264.57K | $288.52K |
| Total Current Assets | $2.99M | $3.34M | $5.01M | $3.48M | $3.00M | $19.07M |
| Property Plant & Equipment | $503.26K | $573.03K | $649.71K | $730.51K | $809.86K | $889.34K |
| Goodwill | $19.90M | $19.90M | $19.90M | $19.90M | $19.90M | $19.90M |
| Intangible Assets | $1.10M | $1.34M | $1.57M | $1.80M | $2.19M | $2.59M |
| Other Non-current Assets | $131.97K | $131.97K | $131.97K | $129.92K | $70.17K | $70.17K |
| Total Assets | $25.09M | $25.79M | $27.82M | $26.65M | $26.63M | $43.20M |
| Deferred Revenue | $654.96K | $918.12K | $1.26M | $1.37M | $1.27M | $1.54M |
| Total Current Liabilities | $8.37M | $17.80M | $20.36M | $24.96M | $23.03M | $36.98M |
| Total Liabilities | $8.74M | $18.24M | $20.84M | $25.51M | $23.59M | $37.57M |
| Common Stock | $346.00 | $331.00 | $303.00 | $123.00 | $123.00 | $122.00 |
| Retained Earnings | $-188.12M | $-190.65M | $-187.64M | $-182.26M | $-176.74M | $-173.06M |
| Treasury Stock | $290.74K | $290.74K | $290.74K | $290.74K | $290.74K | - |
| Total Stockholders Equity | $16.34M | $7.55M | $6.98M | $1.15M | $3.04M | $5.62M |
| Total Liabilities & Equity | $25.09M | $25.79M | $27.82M | $26.65M | $26.63M | $43.20M |
| 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 | $2.53M | $-8.39M | $-5.38M | $-5.52M | $-18.72M | $-15.05M |
| Depreciation & Amortization | $923.85K | $622.07K | $312.22K | $471.10K | $1.95M | $1.47M |
| Stock-based Compensation | $2.81M | $1.93M | $850.99K | $2.05M | $6.90M | $4.66M |
| Change in Receivables | $-492.55K | $-170.22K | $-95.81K | $-55.57K | $-2.37M | $-2.10M |
| Change in Inventory | - | - | - | - | $-161.59K | $-161.59K |
| Operating Cash Flow | $-6.18M | $-5.30M | $-2.95M | $-258.98K | $-3.58M | $-2.68M |
| Capital Expenditure | - | - | - | - | $83.09K | $83.09K |
| Investing Cash Flow | - | - | - | $-1.00M | $916.90K | $-83.09K |
| Stock Issued | - | $2.68M | $1.72M | - | $154.95K | $154.95K |
| Financing Cash Flow | $6.30M | $5.07M | $3.75M | $1.81M | $2.11M | $3.07M |
| Net Change in Cash | $119.14K | $-231.84K | $794.27K | $549.50K | $-619.36K | $246.41K |
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 | $6.46M | $7.51M | $20.34M | $23.35M |
| Cost of Revenue | $4.85M | $6.48M | $15.31M | $20.67M |
| Gross Profit | $1.61M | $1.03M | $5.03M | $2.67M |
| Operating Expenses | $4.24M | $4.55M | $11.70M | $15.33M |
| Selling General & Admin | $2.57M | $3.08M | $7.86M | $10.67M |
| Operating Income | $-2.63M | $-3.52M | $-6.67M | $-12.66M |
| Interest Expense | $127.21K | $1.24M | $646.06K | $1.78M |
| Other Income/Expense | $-2.46K | $917.85K | $-7.61K | $882.93K |
| Income Before Tax | $2.53M | $-3.84M | $-5.86M | $-14.39M |
| Income Tax Expense | - | - | - | - |
| Net Income | $2.53M | $-3.68M | $-5.86M | $-18.72M |
| Basic EPS | 0.07 | -0.32 | -0.23 | -1.56 |
| Diluted EPS | -0.05 | -0.32 | -0.36 | -1.56 |
| Basic Shares Outstanding | $33.40M | $11.69M | $26.57M | $12.00M |
| Diluted Shares Outstanding | $33.75M | $11.69M | $27.29M | $12.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.11M | $992.59K |
| Accounts Receivable | $1.30M | $1.84M |
| Other Current Assets | $313.92K | $137.72K |
| Total Current Assets | $2.99M | $3.48M |
| Property Plant & Equipment | $503.26K | $730.51K |
| Goodwill | $19.90M | $19.90M |
| Intangible Assets | $1.10M | $1.80M |
| Other Non-current Assets | $131.97K | $129.92K |
| Total Assets | $25.09M | $26.65M |
| Deferred Revenue | $654.96K | $1.37M |
| Total Current Liabilities | $8.37M | $24.96M |
| Total Liabilities | $8.74M | $25.51M |
| Common Stock | $346.00 | $123.00 |
| Retained Earnings | $-188.12M | $-182.26M |
| Treasury Stock | $290.74K | $290.74K |
| Total Stockholders Equity | $16.34M | $1.15M |
| Total Liabilities & Equity | $25.09M | $26.65M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $2.53M | $-3.68M | $-5.86M | $-18.72M |
| Depreciation & Amortization | - | - | $923.85K | $1.95M |
| Stock-based Compensation | - | - | $2.81M | $6.90M |
| Change in Receivables | - | - | $-492.55K | $-2.33M |
| Change in Inventory | - | - | - | $-161.59K |
| Operating Cash Flow | - | - | $-6.18M | $-3.58M |
| Capital Expenditure | - | - | - | $83.09K |
| Investing Cash Flow | - | - | - | $916.90K |
| Financing Cash Flow | - | - | $6.30M | $2.11M |
| Net Change in Cash | - | - | $119.14K | $-619.36K |
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.