$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $1.27M | $1.39M | $1.32M | $1.25M | $1.61M | $480.74K |
| Revenue Growth % (YoY) | -21.1% | 188.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $919.00K | $701.00K | $571.79K | $413.08K | $584.55K | $314.57K |
| Gross Profit | $353.00K | $684.00K | $744.99K | $841.88K | $1.03M | $166.16K |
| Gross Margin % | 27.8% | 49.4% | 56.6% | 67.1% | 63.7% | 34.6% |
| Operating Expenses | $3.35M | $2.99M | $2.29M | $2.09M | $1.22M | $1.21M |
| Research & Development | $906.00K | $606.00K | $154.89K | $470.98K | $268.06K | $401.07K |
| Operating Income | $-2.08M | $-1.61M | $-968.75K | $-831.47K | $389.60K | $-731.38K |
| Operating Margin % | -163.6% | -116.1% | -73.6% | -66.3% | 24.2% | -152.1% |
| Interest Income | $228.00K | $115.00K | $110.24K | $2.56K | $101.00 | $102.00 |
| Other Income/Expense | $228.00K | $115.00K | $110.30K | $2.29M | $-3.28M | $1.76K |
| Income Before Tax | $-1.85M | $-1.49M | $-858.45K | $1.46M | $-2.89M | $-729.62K |
| Net Income | $-1.85M | $-1.49M | $-858.45K | $1.46M | $-2.89M | $-729.62K |
| Net Margin % | -145.7% | -107.8% | -65.2% | 116.4% | -179.5% | -151.8% |
| Basic EPS | -0.11 | -0.09 | -0.05 | 0.12 | -0.24 | -0.06 |
| Diluted EPS | -0.11 | -0.09 | -0.05 | 0.11 | -0.24 | -0.06 |
| Basic Shares Outstanding | 17.9M | 16.1M | 882K | 12.5M | 12.2M | 12.2M |
| Diluted Shares Outstanding | 17.9M | 16.1M | 882K | 13.2M | 12.2M | 12.2M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $38.57M | $25.92M | $3.63M | $3.87M | $3.06M | $3.50M |
| Accounts Receivable | $1.00M | $1.25M | $962.00K | $1.14M | $1.32M | $322.19K |
| Other Current Assets | $691.00K | $829.00K | $633.00K | $213.83K | $136.31K | $189.13K |
| Total Current Assets | $40.26M | $40.22M | $17.34M | $17.23M | $4.53M | $4.03M |
| Property Plant & Equipment | $1.25M | $1.33M | $1.22M | $1.25M | $1.31M | $1.37M |
| Intangible Assets | - | - | $4.00K | $4.58K | $5.33K | $6.08K |
| Other Non-current Assets | $23.00K | $24.00K | $13.00K | $13.01K | $13.01K | $13.01K |
| Total Assets | $42.57M | $42.65M | $19.41M | $19.36M | $6.76M | $6.35M |
| Accounts Payable | $184.00K | $273.00K | $361.00K | $173.21K | $182.93K | $238.10K |
| Total Current Liabilities | $825.00K | $768.00K | $705.00K | $525.84K | $488.81K | $2.63M |
| Total Liabilities | $1.77M | $1.76M | $1.51M | $1.36M | $7.79M | $4.64M |
| Common Stock | $2.00K | $2.00K | $2.00K | $1.58K | $1.22K | $1.22K |
| Retained Earnings | $-19.99M | $-18.14M | $-16.65M | $-15.79M | $-17.25M | $-14.35M |
| Total Stockholders Equity | $40.80M | $40.89M | $17.90M | $18.00M | $-1.03M | $1.71M |
| Total Liabilities & Equity | $42.57M | $42.65M | $19.41M | $19.36M | $6.76M | $6.35M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-1.85M | $-1.49M | $-858.45K | $-2.16M | $-3.62M | $-729.62K |
| Depreciation & Amortization | $210.00K | $102.00K | $107.85K | $307.15K | $202.31K | $100.12K |
| Stock-based Compensation | $2.11M | $1.06M | $744.01K | $1.15M | $316.19K | $167.09K |
| Change in Receivables | $38.00K | $286.00K | $-181.41K | $1.08M | $1.26M | $262.19K |
| Change in Payables | $-177.00K | $-88.00K | $188.03K | $-144.03K | $-134.31K | $-79.14K |
| Operating Cash Flow | $-1.07M | $-815.00K | $-65.32K | $-1.08M | $-1.33M | $-931.91K |
| Capital Expenditure | $241.00K | $210.00K | $75.83K | $85.17K | $40.80K | $1.64K |
| Investing Cash Flow | $-241.00K | $-210.00K | $-75.83K | $-85.17K | $-40.80K | $-1.64K |
| Financing Cash Flow | $24.14M | $23.43M | $15.56K | $15.74M | $3.15M | $3.15M |
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.