$5.23M
Revenue
$-2.74M
Net Income
50.18%
Gross Margin
-104.98%
Op. Margin
$-3.64M
Free Cash Flow
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
Q4 2024 (Jun 30, 2024) |
Q3 2024 (Mar 31, 2024) |
Q2 2024 (Dec 31, 2023) |
Q1 2024 (Sep 30, 2023) |
Q4 2023 (Jun 30, 2023) |
Q3 2023 (Mar 31, 2023) |
Q2 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.27M | $1.39M | $1.32M | $1.25M | $1.61M | $480.74K | $279.27K | $343.89K | $262.99K | $32.40K | - | - | - |
| Revenue Growth % (YoY) | -21.1% | 188.1% | 371.5% | 264.9% | 513.1% | 1383.8% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $919.00K | $701.00K | $571.79K | $413.08K | $584.55K | $314.57K | $233.76K | $233.59K | $136.77K | $15.14K | - | - | - |
| Gross Profit | $353.00K | $684.00K | $744.99K | $841.88K | $1.03M | $166.16K | $45.51K | $110.31K | $126.22K | $17.26K | - | - | - |
| Gross Margin % | 27.8% | 49.4% | 56.6% | 67.1% | 63.7% | 34.6% | 16.3% | 32.1% | 48.0% | 53.3% | nan% | nan% | nan% |
| Operating Expenses | $3.35M | $2.99M | $2.29M | $2.09M | $1.22M | $1.21M | $1.27M | $1.31M | $1.39M | $1.52M | $1.41M | $1.57M | $1.15M |
| Research & Development | $906.00K | $606.00K | $154.89K | $470.98K | $268.06K | $401.07K | $400.25K | $620.28K | $651.10K | $834.87K | $524.99K | $428.75K | $592.08K |
| Operating Income | $-2.08M | $-1.61M | $-968.75K | $-831.47K | $389.60K | $-731.38K | $-989.03K | $-962.77K | $-1.13M | $-1.48M | $-1.22M | $-1.57M | $-1.15M |
| Operating Margin % | -163.6% | -116.1% | -73.6% | -66.3% | 24.2% | -152.1% | -354.2% | -280.0% | -429.2% | -4576.3% | nan% | nan% | nan% |
| Interest Income | $228.00K | $115.00K | $110.24K | $2.56K | $101.00 | $102.00 | $134.00 | $198.00 | $279.00 | $402.00 | $446.00 | - | - |
| Other Income/Expense | $228.00K | $115.00K | $110.30K | $2.29M | $-3.28M | $1.76K | $215.00 | $117.00 | $279.00 | $402.00 | $-88.58K | $107.69K | $74.34K |
| Income Before Tax | $-1.85M | $-1.49M | $-858.45K | $1.46M | $-2.89M | $-729.62K | $-988.82K | $-962.65K | $-1.13M | $-1.48M | $-1.31M | $-1.46M | $-1.08M |
| Net Income | $-1.85M | $-1.49M | $-858.45K | $1.46M | $-2.89M | $-729.62K | $-988.82K | $-962.65K | $-1.13M | $-1.48M | $-1.31M | $-1.46M | $-1.08M |
| Net Margin % | -145.7% | -107.8% | -65.2% | 116.4% | -179.5% | -151.8% | -354.1% | -279.9% | -429.1% | -4575.0% | nan% | nan% | nan% |
| Basic EPS | -0.11 | -0.09 | -0.05 | 0.12 | -0.24 | -0.06 | -0.08 | -0.08 | -0.09 | -0.12 | -0.10 | -0.13 | -0.10 |
| Diluted EPS | -0.11 | -0.09 | -0.05 | 0.11 | -0.24 | -0.06 | -0.08 | -0.08 | -0.09 | -0.12 | -0.10 | -0.13 | -0.10 |
| Basic Shares Outstanding | 17.9M | 16.1M | 882K | 12.5M | 12.2M | 12.2M | -40K | 12.2M | 12.2M | 12.7M | 396K | 11.5M | 10.8M |
| Diluted Shares Outstanding | 17.9M | 16.1M | 882K | 13.2M | 12.2M | 12.2M | -40K | 12.2M | 12.2M | 12.7M | 396K | 11.5M | 10.8M |
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
Q4 2024 (Jun 30, 2024) |
Q3 2024 (Mar 31, 2024) |
Q2 2024 (Dec 31, 2023) |
Q1 2024 (Sep 30, 2023) |
Q4 2023 (Jun 30, 2023) |
Q3 2023 (Mar 31, 2023) |
Q2 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $38.57M | $25.92M | $3.63M | $3.87M | $3.06M | $3.50M | $1.29M | $1.87M | $2.42M | - | $5.07M | $4.86M | $3.06M |
| Accounts Receivable | $1.00M | $1.25M | $962.00K | $1.14M | $1.32M | $322.19K | $60.00K | $147.50K | $192.99K | $10.90K | $189.24K | - | - |
| Other Current Assets | $691.00K | $829.00K | $633.00K | $213.83K | $136.31K | $189.13K | $21.64K | $96.11K | $155.65K | $224.01K | $19.94K | $199.36K | $219.30K |
| Total Current Assets | $40.26M | $40.22M | $17.34M | $17.23M | $4.53M | $4.03M | $1.39M | $2.14M | $2.80M | $4.02M | $5.33M | $5.32M | $3.76M |
| Property Plant & Equipment | $1.25M | $1.33M | $1.22M | $1.25M | $1.31M | $1.37M | $1.47M | $1.56M | $1.49M | $1.39M | $1.46M | - | - |
| Intangible Assets | - | - | $4.00K | $4.58K | $5.33K | $6.08K | $6.83K | $7.58K | $8.33K | $9.08K | $9.83K | $10.58K | $11.33K |
| Other Non-current Assets | $23.00K | $24.00K | $13.00K | $13.01K | $13.01K | $13.01K | $13.01K | $13.01K | $13.01K | $13.01K | $13.01K | $13.01K | $13.01K |
| Total Assets | $42.57M | $42.65M | $19.41M | $19.36M | $6.76M | $6.35M | $3.84M | $4.72M | $5.33M | $6.50M | $7.16M | $6.83M | $5.20M |
| Accounts Payable | $184.00K | $273.00K | $361.00K | $173.21K | $182.93K | $238.10K | $317.24K | $347.24K | $162.82K | $319.89K | $461.80K | $457.65K | - |
| Total Current Liabilities | $825.00K | $768.00K | $705.00K | $525.84K | $488.81K | $2.63M | $626.69K | $646.30K | $450.87K | $598.72K | $757.10K | $785.81K | $428.67K |
| Total Liabilities | $1.77M | $1.76M | $1.51M | $1.36M | $7.79M | $4.64M | $1.57M | $1.62M | $1.46M | $1.64M | $1.05M | $1.12M | $806.89K |
| Common Stock | $2.00K | $2.00K | $2.00K | $1.58K | $1.22K | $1.22K | $1.22K | $1.22K | $1.22K | $1.22K | $1.28K | $1.23K | $1.13K |
| Retained Earnings | $-19.99M | $-18.14M | $-16.65M | $-15.79M | $-17.25M | $-14.35M | $-13.62M | $-12.64M | $-11.67M | $-10.54M | $-9.06M | $-7.75M | $-6.29M |
| Total Stockholders Equity | $40.80M | $40.89M | $17.90M | $18.00M | $-1.03M | $1.71M | $2.28M | $3.10M | $3.87M | $4.86M | $6.11M | $5.70M | $4.39M |
| Total Liabilities & Equity | $42.57M | $42.65M | $19.41M | $19.36M | $6.76M | $6.35M | $3.84M | $4.72M | $5.33M | $6.50M | $7.16M | $6.83M | $5.20M |
| Breakdown | Q2 2026 (Dec 31, 2025) |
Q1 2026 (Sep 30, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
Q1 2025 (Sep 30, 2024) |
Q4 2024 (Jun 30, 2024) |
Q3 2024 (Mar 31, 2024) |
Q2 2024 (Dec 31, 2023) |
Q1 2024 (Sep 30, 2023) |
Q4 2023 (Jun 30, 2023) |
Q3 2023 (Mar 31, 2023) |
Q2 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.85M | $-1.49M | $-858.45K | $-2.16M | $-3.62M | $-729.62K | $-988.82K | $-962.65K | $-2.61M | $-1.48M | $-1.31M | $-1.46M | $-1.08M |
| Depreciation & Amortization | $210.00K | $102.00K | $107.85K | $307.15K | $202.31K | $100.12K | $99.80K | $211.20K | $131.78K | $69.78K | $58.72K | $147.74K | $93.35K |
| Stock-based Compensation | $2.11M | $1.06M | $744.01K | $1.15M | $316.19K | $167.09K | $163.83K | $568.34K | $376.50K | $240.58K | $143.89K | $304.55K | $177.45K |
| Change in Receivables | $38.00K | $286.00K | $-181.41K | $1.08M | $1.26M | $262.19K | $-87.50K | $-41.74K | $3.75K | $-178.34K | - | - | - |
| Change in Payables | $-177.00K | $-88.00K | $188.03K | $-144.03K | $-134.31K | $-79.14K | $-30.00K | $-114.56K | $-298.97K | $-141.91K | $4.15K | - | - |
| Operating Cash Flow | $-1.07M | $-815.00K | $-65.32K | $-1.08M | $-1.33M | $-931.91K | $-578.59K | $-2.88M | $-2.48M | $-1.30M | $-938.94K | $-2.70M | $-2.00M |
| Capital Expenditure | $241.00K | $210.00K | $75.83K | $85.17K | $40.80K | $1.64K | $4.90K | $316.93K | $164.29K | - | $411.66K | - | - |
| Investing Cash Flow | $-241.00K | $-210.00K | $-75.83K | $-85.17K | $-40.80K | $-1.64K | $-4.90K | $-316.93K | $-164.29K | $-7.10K | $-416.97K | $-255.58K | $-103.83K |
| Stock Repurchased | - | - | - | - | - | - | - | $4.00K | $4.00K | $4.00K | - | - | - |
| Financing Cash Flow | $24.14M | $23.43M | $15.56K | $15.74M | $3.15M | $3.15M | - | $-4.00K | $-4.00K | $-4.00K | $1.57M | $4.07M | $1.43M |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.27M | $1.61M | $2.66M | $2.09M |
| Cost of Revenue | $919.00K | $584.00K | $1.62M | $899.00K |
| Operating Expenses | $3.35M | $1.22M | $6.35M | $2.44M |
| Research & Development | $906.00K | $268.00K | $1.51M | $669.00K |
| Operating Income | $-2.08M | $389.00K | $-3.69M | $-342.00K |
| Interest Income | $228.00K | - | $343.00K | - |
| Other Income/Expense | $228.00K | $-3.28M | $343.00K | $-3.28M |
| Income Before Tax | $-1.85M | $-2.90M | $-3.35M | $-3.62M |
| Net Income | $-1.85M | $-2.90M | $-3.35M | $-3.62M |
| Basic EPS | -0.11 | -0.24 | -0.20 | -0.30 |
| Diluted EPS | -0.11 | -0.24 | -0.20 | -0.30 |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $38.57M | $3.63M |
| Accounts Receivable | $1.00M | $962.00K |
| Other Current Assets | $691.00K | $633.00K |
| Total Current Assets | $40.26M | $17.34M |
| Property Plant & Equipment | $1.25M | $1.22M |
| Other Non-current Assets | $23.00K | $17.00K |
| Total Assets | $42.57M | $19.41M |
| Accounts Payable | $184.00K | $361.00K |
| Total Current Liabilities | $825.00K | $705.00K |
| Total Liabilities | $1.77M | $1.51M |
| Common Stock | $2.00K | $2.00K |
| Retained Earnings | $-19.99M | $-16.65M |
| Total Stockholders Equity | $40.80M | $17.90M |
| Total Liabilities & Equity | $42.57M | $19.41M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.85M | $-2.90M | $-3.35M | $-3.62M |
| Depreciation & Amortization | - | - | $210.00K | $202.00K |
| Stock-based Compensation | - | - | $2.11M | $316.00K |
| Change in Receivables | - | - | $38.00K | $1.26M |
| Change in Payables | - | - | $-177.00K | $-134.00K |
| Operating Cash Flow | - | - | $-1.07M | $-1.33M |
| Capital Expenditure | - | - | $241.00K | $41.00K |
| Investing Cash Flow | - | - | $-241.00K | $-41.00K |
| Financing Cash Flow | - | - | $24.14M | $3.15M |
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.