$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) |
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) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
Q1 2020 (Mar 31, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.46M | $6.71M | $7.16M | $7.41M | $7.51M | $7.81M | $11.83M | $13.74M | $14.07M | $15.52M | $13.73M | $14.74M | $11.25M | $11.23M | $9.33M | $5.89M | $3.75M | $2.95M | $2.56M | $2.61M | $2.01M | $1.55M | $1.07M |
| Revenue Growth % (YoY) | -14.0% | -14.0% | -39.5% | -46.1% | -46.6% | -49.7% | -13.8% | -6.8% | 25.0% | 38.3% | 47.1% | 150.3% | 200.5% | 280.6% | 264.5% | 125.4% | 86.4% | 90.2% | 139.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $4.85M | $5.08M | $5.38M | $5.57M | $6.48M | $6.87M | $10.84M | $11.58M | $11.58M | $14.51M | $13.33M | $13.75M | $10.33M | $10.46M | $9.28M | $6.60M | $2.98M | $2.01M | $1.74M | $1.42M | $1.31M | $858.50K | $775.24K |
| Gross Profit | $1.61M | $1.64M | $1.78M | $1.83M | $1.03M | $933.91K | $989.43K | $2.16M | $2.48M | $1.01M | $399.08K | $987.59K | $923.52K | $765.49K | $48.72K | $-716.46K | $766.65K | $937.33K | $820.62K | $1.19M | $698.04K | $691.99K | $292.98K |
| Gross Margin % | 24.9% | 24.4% | 24.9% | 24.8% | 13.8% | 12.0% | 8.4% | 15.7% | 17.6% | 6.5% | 2.9% | 6.7% | 8.2% | 6.8% | 0.5% | -12.2% | 20.5% | 31.8% | 32.1% | 45.6% | 34.7% | 44.6% | 27.4% |
| Operating Expenses | $4.24M | $3.97M | $3.49M | $3.77M | $4.55M | $5.18M | $6.73M | $11.81M | $7.10M | $29.78M | $35.13M | $10.41M | $9.35M | $8.06M | $7.96M | $32.14M | $3.93M | $2.99M | $2.53M | $2.18M | $1.73M | $1.24M | $1.13M |
| Selling General & Admin | $2.57M | $2.63M | $2.66M | $2.41M | $3.08M | $3.61M | $5.00M | $5.57M | $5.56M | $6.11M | $9.51M | $7.25M | $6.68M | $4.47M | $4.62M | $4.57M | $2.09M | $1.67M | $1.49M | $2.58M | $304.37K | $220.72K | $580.20K |
| Operating Income | $-2.63M | $-2.33M | $-1.71M | $-1.93M | $-3.52M | $-4.24M | $-5.74M | $-9.65M | $-4.62M | $-28.77M | $-34.73M | $-9.42M | $-8.42M | $-7.29M | $-7.91M | $-32.86M | $-3.16M | $-2.05M | $-1.71M | $-987.95K | $-1.03M | $-551.67K | $-836.86K |
| Operating Margin % | -40.8% | -34.7% | -23.9% | -26.1% | -46.8% | -54.3% | -48.5% | -70.2% | -32.8% | -185.3% | -253.0% | -63.9% | -74.8% | -65.0% | -84.8% | -558.1% | -84.3% | -69.6% | -66.7% | -37.8% | -51.3% | -35.6% | -78.3% |
| Interest Expense | $646.06K | $556.68K | $251.84K | $941.97K | $1.78M | $1.08M | $870.15K | $958.87K | $766.32K | $766.09K | $390.14K | $386.93K | $108.23K | $64.65K | $43.59K | $97.56K | $75.47K | $65.64K | $68.69K | $4.87K | $5.57K | $4.44K | $2.28K |
| Other Income/Expense | $-2.46K | $374.00 | $-5.53K | $-999.00K | $917.85K | $-73.81K | $702.00 | $54.83K | $-121.69K | $209.64K | $-156.42K | $-91.11K | $29.97K | $17.43K | $12.54K | $-41.62K | - | - | - | - | - | - | - |
| Income Before Tax | $2.53M | $-3.01M | $-5.38M | $-5.52M | $-3.84M | $-4.94M | $-6.61M | $-10.55M | $-5.51M | $-29.33M | $-35.28M | $-9.90M | - | - | - | - | - | $-2.12M | $-1.78M | $-992.82K | $-1.04M | $-546.10K | $-839.14K |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | $-435.68K | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $2.53M | $-3.01M | $-5.38M | $-5.52M | $-3.68M | $-8.44M | $-6.61M | $-10.55M | $-5.51M | $-29.33M | $-34.84M | $-9.90M | $-8.50M | $-7.34M | $-7.94M | $-33.00M | $-2.25M | $-2.12M | $-1.78M | $-992.82K | $-1.04M | $-546.10K | $-839.14K |
| Net Margin % | 39.2% | -44.8% | -75.1% | -74.5% | -49.0% | -108.0% | -55.9% | -76.8% | -39.2% | -188.9% | -253.8% | -67.2% | -75.5% | -65.4% | -85.1% | -560.4% | -60.2% | -71.8% | -69.4% | -38.0% | -51.5% | -35.2% | -78.6% |
| Basic EPS | 0.07 | -0.09 | -0.38 | -0.47 | -0.32 | -0.69 | -0.55 | -6.78 | -0.03 | -0.18 | -0.24 | -0.07 | -0.06 | -0.05 | -0.06 | -0.28 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | 0.00 | -0.01 |
| Diluted EPS | -0.05 | -0.09 | -0.38 | -0.47 | -0.32 | -0.69 | -0.55 | -6.78 | -0.03 | -0.18 | nan | -3.47 | nan | nan | nan | -0.28 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | 0.00 | -0.01 |
| Basic Shares Outstanding | 33.4M | 31.8M | 14.2M | -45K | 11.7M | 12.2M | 12.0M | -148.3M | 178.1M | 165.1M | 147.8M | 2.4M | 142.3M | 136.1M | 134.0M | 1.1M | 118.9M | 117.7M | 116.4M | 1.2M | 113.2M | 109.6M | 108.1M |
| Diluted Shares Outstanding | 33.7M | 31.8M | 14.2M | -45K | 11.7M | 12.2M | 12.0M | -148.3M | 178.1M | 165.1M | 147.8M | 2.4M | - | - | - | 1.1M | 118.9M | 117.7M | 116.4M | 1.2M | 113.2M | 109.6M | 108.1M |
| 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) |
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) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
Q1 2020 (Mar 31, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.11M | $760.75K | $1.79M | $992.59K | $443.09K | $1.12M | $1.52M | $1.06M | $770.48K | $1.87M | $3.82M | $1.83M | $4.89M | $8.77M | $3.86M | $2.73M | $2.73M | $5.72M | $7.33M | $5.20M | $2.42M | $2.04M | $1.57M |
| Accounts Receivable | $1.30M | $1.59M | $1.74M | $1.84M | $1.89M | $2.16M | $3.74M | $5.69M | $6.07M | $8.66M | $6.07M | $7.86M | $5.76M | $4.91M | $5.95M | $4.84M | $2.27M | $1.61M | $1.18M | $1.01M | $978.36K | $806.53K | $584.73K |
| Inventory | - | - | - | - | - | - | $10.66K | $218.89K | $72.57K | $57.23K | $19.11K | $11.80K | $336.53K | $346.52K | $735.89K | $727.97K | - | - | - | - | - | - | - |
| Other Current Assets | $313.92K | $590.71K | $1.08M | $137.72K | $264.57K | $288.52K | $1.10M | $1.20M | $1.42M | $2.25M | $2.26M | $1.72M | $3.46M | $3.09M | $218.15K | $960.97K | $485.62K | $302.67K | $155.57K | $142.14K | $147.36K | $247.02K | $116.48K |
| Total Current Assets | $2.99M | $3.34M | $5.01M | $3.48M | $3.00M | $19.07M | $9.28M | $10.96M | $11.59M | $16.02M | $15.06M | $14.40M | $14.94M | $18.55M | $14.09M | $9.25M | $5.48M | $7.64M | $8.67M | $6.35M | $3.54M | $3.10M | $2.27M |
| Property Plant & Equipment | $503.26K | $573.03K | $649.71K | $730.51K | $809.86K | $889.34K | $3.22M | $3.68M | $3.98M | $4.49M | $4.74M | $4.68M | $4.46M | $2.97M | $3.44M | $1.86M | $89.40K | $71.78K | $76.21K | $80.63K | $61.17K | $66.46K | $9.93K |
| Goodwill | $19.90M | $19.90M | $19.90M | $19.90M | $19.90M | $19.90M | $30.33M | $31.52M | $35.56M | $37.34M | $58.49M | $76.66M | $74.09M | $58.52M | $59.27M | $16.79M | $20.70M | $4.10M | $4.10M | $4.10M | $3.01M | $2.28M | $922.58K |
| Intangible Assets | $1.10M | $1.34M | $1.57M | $1.80M | $2.19M | $2.59M | $3.26M | $3.78M | $4.16M | $4.30M | $4.83M | $8.48M | $7.65M | $8.16M | $6.40M | $6.54M | $2.36M | $2.04M | $2.07M | $2.11M | $1.04M | $1.05M | $1.07M |
| Other Non-current Assets | $131.97K | $131.97K | $131.97K | $129.92K | $70.17K | $70.17K | $71.52K | $71.52K | $19.38K | $18.60K | $23.50K | $22.59K | $17.07K | $17.88K | $18.68K | - | - | - | - | - | - | - | - |
| Total Assets | $25.09M | $25.79M | $27.82M | $26.65M | $26.63M | $43.20M | $47.54M | $51.66M | $56.14M | $63.06M | $84.11M | $104.50M | $101.48M | $88.45M | $83.63M | $35.81M | $28.90M | $14.00M | $15.09M | $12.65M | $7.66M | $6.51M | $4.28M |
| Deferred Revenue | $654.96K | $918.12K | $1.26M | $1.37M | $1.27M | $1.54M | $4.42M | $4.16M | $4.86M | $5.05M | $4.14M | $4.47M | $3.07M | $2.35M | $1.95M | $52.82K | - | - | - | - | - | $66.43K | - |
| Total Current Liabilities | $8.37M | $17.80M | $20.36M | $24.96M | $23.03M | $36.98M | $32.60M | $26.07M | $22.96M | $23.14M | $21.66M | $23.21M | $18.22M | $19.32M | $10.89M | $5.14M | $4.84M | $4.11M | $3.94M | $3.86M | $1.97M | $1.76M | $730.81K |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | $435.68K | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $8.74M | $18.24M | $20.84M | $25.51M | $23.59M | $37.57M | $36.30M | $35.52M | $31.95M | $32.62M | $31.56M | $28.05M | $24.36M | $22.75M | $16.37M | $10.51M | $5.39M | $5.17M | $5.04M | $4.91M | $2.03M | $1.81M | $730.81K |
| Common Stock | $346.00 | $331.00 | $303.00 | $123.00 | $123.00 | $122.00 | $121.00 | $119.00 | $1.78K | $1.78K | $1.54K | $1.46K | $1.46K | $1.37K | $1.35K | $1.26K | $1.21K | $1.18K | $1.18K | $1.16K | $1.14K | $1.12K | $1.08K |
| Retained Earnings | $-188.12M | $-190.65M | $-187.64M | $-182.26M | $-176.74M | $-173.06M | $-164.63M | $-158.02M | $-147.47M | $-141.96M | $-112.63M | $-77.79M | $-67.89M | $-59.38M | $-51.96M | $-44.01M | $-11.01M | $-8.76M | $-6.64M | $-4.87M | $-3.87M | $-2.84M | $-2.29M |
| 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 | $11.24M | $16.14M | $24.19M | $30.44M | $52.55M | $76.45M | $77.12M | $65.70M | $67.26M | $25.30M | $23.51M | $8.83M | $10.05M | $7.74M | $5.64M | $4.70M | $3.54M |
| Total Liabilities & Equity | $25.09M | $25.79M | $27.82M | $26.65M | $26.63M | $43.20M | $47.54M | $51.66M | $56.14M | $63.06M | $84.11M | $104.50M | $101.48M | $88.45M | $83.63M | $35.81M | $28.90M | $14.00M | $15.09M | $12.65M | $7.66M | $6.51M | $4.28M |
| 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) |
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) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
Q1 2020 (Mar 31, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.53M | $-8.39M | $-5.38M | $-5.52M | $-18.72M | $-15.05M | $-6.61M | $-10.55M | $-69.68M | $-64.17M | $-34.84M | $-9.90M | $-8.50M | $-15.37M | $-7.94M | $-33.00M | $-6.15M | $-3.89M | $-1.78M | $-992.82K | $-1.04M | $-546.10K | $-839.14K |
| Depreciation & Amortization | $923.85K | $622.07K | $312.22K | $471.10K | $1.95M | $1.47M | $760.28K | $732.06K | $2.41M | $1.81M | $1.05M | $933.42K | $2.14M | $1.16M | $458.99K | $163.46K | $131.40K | $78.84K | $57.52K | $60.78K | $55.37K | $34.68K | $16.62K |
| Stock-based Compensation | $2.81M | $1.93M | $850.99K | $2.05M | $6.90M | $4.66M | $2.20M | $5.05M | $6.42M | $3.36M | $5.27M | $5.03M | $2.25M | $3.57M | $4.69M | $4.82M | $2.98M | $1.73M | $838.76K | $471.78K | - | - | - |
| Change in Receivables | $-492.55K | $-170.22K | $-95.81K | $-55.57K | $-2.37M | $-2.10M | $-1.71M | $-396.05K | $-1.69M | $617.14K | $-1.97M | $1.87M | $-887.82K | $-1.42M | $-397.55K | $2.00M | $355.95K | $617.77K | $176.48K | $-84.70K | $191.96K | $209.28K | $52.76K |
| Change in Inventory | - | - | - | - | $-161.59K | $-161.59K | $-199.83K | $151.37K | $66.30K | $46.78K | $6.38K | $-279.40K | $106.25K | $199.56K | $522.34K | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $-6.18M | $-5.30M | $-2.95M | $-258.98K | $-3.58M | $-2.68M | $-1.41M | $784.39K | $-6.70M | $-5.32M | $-2.11M | $-2.83M | $-7.85M | $-3.57M | $-3.02M | $-3.07M | $-4.31M | $-2.65M | $-1.13M | $-544.10K | $-1.16M | $-740.12K | $-443.94K |
| Capital Expenditure | - | - | - | - | $83.09K | $83.09K | $75.57K | $47.35K | $166.28K | $148.87K | $182.84K | $1.27K | $510.97K | $200.50K | $103.86K | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | $-30.43K | - | - | $3.45K | $5.53M | - | - | $-1.39M | - | - | - | - | - | - | - |
| Investing Cash Flow | - | - | - | $-1.00M | $916.90K | $-83.09K | $-75.57K | $-24.31K | $-135.85K | $-148.87K | $-182.84K | $-4.73K | $-6.04M | $-5.11M | $-5.02M | $1.39M | $662.18K | - | - | $31.12K | $254.18K | $65.04K | - |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.61K | - | $2.74K | $988.00 | - |
| Stock Issued | - | $2.68M | $1.72M | - | $154.95K | $154.95K | $48.09K | $-26.70K | $6.68M | $6.68M | $3.14M | $126.32K | $10.56M | $9.52M | $9.47M | - | $3.25M | $3.25M | $3.25M | $341.01K | $790.00K | $140.00K | $140.00K |
| Financing Cash Flow | $6.30M | $5.07M | $3.75M | $1.81M | $2.11M | $3.07M | $2.01M | $415.34K | $5.78M | $5.49M | $4.24M | $-260.36K | $16.04M | $14.78M | $9.01M | $1.68M | $1.18M | $3.17M | $3.26M | $3.29M | $1.44M | $841.91K | $140.00K |
| Net Change in Cash | $119.14K | $-231.84K | $794.27K | $549.50K | $-619.36K | $246.41K | $454.55K | $291.96K | $-1.06M | $39.01K | $1.99M | $-3.06M | $2.16M | $6.04M | $1.14M | $-4.54K | $-2.47M | $527.72K | $2.13M | $2.78M | $539.36K | $166.82K | - |
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.