$162.85M
Revenue
$-15.47M
Net Income
48.36%
Gross Margin
-10.20%
Op. Margin
$-13.42M
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 | $40.84M | $44.52M | $38.02M | $39.46M | $36.37M | $40.43M |
| Revenue Growth % (YoY) | 12.3% | 10.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $22.23M | $22.83M | $18.99M | $20.04M | $18.52M | $23.48M |
| Gross Profit | $18.62M | $21.69M | $19.04M | $19.42M | $17.85M | $16.94M |
| Gross Margin % | 45.6% | 48.7% | 50.1% | 49.2% | 49.1% | 41.9% |
| Operating Expenses | $21.49M | $22.71M | $25.42M | $25.76M | $20.81M | $24.01M |
| Operating Income | $-2.87M | $-1.02M | $-6.39M | $-6.34M | $-2.96M | $-7.07M |
| Operating Margin % | -7.0% | -2.3% | -16.8% | -16.1% | -8.2% | -17.5% |
| Interest Expense | $43.00K | $27.00K | $13.00K | $20.00K | $73.00K | $47.00K |
| Other Income/Expense | $-7.00K | $382.00K | $57.00K | $-420.00K | $118.00K | $142.00K |
| Income Before Tax | $-2.88M | $-634.00K | $-6.33M | $-6.76M | $-2.85M | $-6.93M |
| Income Tax Expense | $-32.00K | $17.00K | $41.00K | $23.00K | $-4.00K | $34.00K |
| Net Income | $-2.69M | $-651.00K | $-6.37M | $-5.76M | $-2.84M | $-6.96M |
| Net Margin % | -6.6% | -1.5% | -16.8% | -14.6% | -7.8% | -17.2% |
| Basic EPS | -0.04 | -0.01 | -0.08 | nan | -0.04 | -0.10 |
| Diluted EPS | -0.04 | -0.01 | -0.08 | nan | -0.04 | -0.10 |
| Basic Shares Outstanding | 67.3M | 66.3M | 63.0M | - | 59.5M | 58.7M |
| Diluted Shares Outstanding | 67.3M | 66.3M | 76.5M | - | 59.5M | 58.7M |
| 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 | $26.03M | $26.30M | $27.72M | $30.65M | $32.69M | $28.94M |
| Accounts Receivable | $12.61M | $13.12M | $8.80M | $10.79M | $10.01M | $11.35M |
| Inventory | $14.13M | $15.74M | $17.11M | $18.62M | $20.69M | $22.25M |
| Other Current Assets | $1.74M | $1.75M | $2.71M | $1.84M | $2.68M | $2.95M |
| Total Current Assets | $54.51M | $56.91M | $56.33M | $61.91M | $66.06M | $65.50M |
| Property Plant & Equipment | $870.00K | $1.00M | $1.08M | $1.26M | $1.49M | $1.71M |
| Intangible Assets | $3.15M | $3.05M | $3.11M | $3.18M | $3.28M | $3.36M |
| Other Non-current Assets | $794.00K | $655.00K | $484.00K | $503.00K | $522.00K | $541.00K |
| Total Assets | $60.01M | $62.45M | $61.97M | $67.95M | $72.86M | $72.77M |
| Accounts Payable | $13.86M | $14.38M | $13.88M | $15.29M | $14.87M | $12.13M |
| Accrued Liabilities | $9.46M | - | - | $8.34M | - | - |
| Total Current Liabilities | $23.97M | $24.30M | $24.03M | $24.22M | $23.19M | $21.20M |
| Other Non-current Liabilities | $58.00K | $58.00K | $58.00K | $58.00K | $58.00K | - |
| Total Liabilities | $24.21M | $24.75M | $24.67M | $25.01M | $24.14M | $22.25M |
| Retained Earnings | $-129.95M | $-127.27M | $-126.57M | $-121.34M | $-115.58M | $-113.05M |
| Total Stockholders Equity | $51.25M | $53.02M | $53.73M | $64.88M | $72.51M | $74.99M |
| Total Liabilities & Equity | $60.01M | $62.45M | $61.97M | $67.95M | $72.86M | $72.77M |
| 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 | $-2.69M | $-7.02M | $-6.37M | $-5.76M | $-17.00M | $-14.16M |
| Depreciation & Amortization | $690.00K | $488.00K | $252.00K | $288.00K | $1.04M | $731.00K |
| Stock-based Compensation | $2.66M | $1.71M | $731.00K | $1.01M | $3.95M | $2.92M |
| Change in Receivables | $1.81M | $2.33M | $-2.00M | $787.00K | $-1.11M | $232.00K |
| Change in Inventory | $-4.49M | $-2.88M | $-1.51M | $-2.07M | $-13.86M | $-12.30M |
| Change in Payables | $-1.57M | $-1.00M | $-1.42M | $433.00K | $-6.30M | $-9.11M |
| Operating Cash Flow | $-4.20M | $-4.31M | $-2.92M | $-1.99M | $971.00K | $-2.92M |
| Capital Expenditure | $226.00K | - | - | $45.00K | - | - |
| Investing Cash Flow | $-226.00K | $-45.00K | $-11.00K | $-45.00K | $-238.00K | $-93.00K |
| Financing Cash Flow | $-202.00K | $5.00K | - | - | - | - |
| Net Change in Cash | $-4.62M | $-4.35M | $-2.94M | $-2.04M | $733.00K | $-3.01M |
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 | $40.84M | - | $123.39M | - |
| Cost of Revenue | $22.23M | - | $64.05M | - |
| Gross Profit | $18.62M | - | $59.34M | - |
| Operating Expenses | $21.49M | - | $69.62M | - |
| Operating Income | $-2.87M | - | $-10.28M | - |
| Interest Expense | - | - | $43.00K | - |
| Other Income/Expense | $-7.00K | - | $432.00K | - |
| Income Before Tax | $-2.88M | - | $-9.84M | - |
| Income Tax Expense | $-32.00K | - | $26.00K | - |
| Net Income | $-2.69M | $-6.96M | $-8.61M | - |
| Basic EPS | -0.04 | - | -0.13 | - |
| Diluted EPS | -0.04 | - | -0.13 | - |
| Basic Shares Outstanding | $67.33M | - | $65.55M | - |
| Diluted Shares Outstanding | $67.33M | - | $65.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $26.03M | $30.65M |
| Accounts Receivable | $12.61M | $10.79M |
| Inventory | $14.13M | $18.62M |
| Other Current Assets | $1.74M | $1.84M |
| Total Current Assets | $54.51M | $61.91M |
| Property Plant & Equipment | $870.00K | $1.26M |
| Intangible Assets | $3.15M | $3.18M |
| Other Non-current Assets | $794.00K | $503.00K |
| Total Assets | $60.01M | $67.95M |
| Accounts Payable | $13.86M | $15.29M |
| Accrued Liabilities | $9.46M | $8.34M |
| Total Current Liabilities | $23.97M | $24.22M |
| Other Non-current Liabilities | $58.00K | $58.00K |
| Total Liabilities | $24.21M | $25.01M |
| Retained Earnings | $-129.95M | $-121.34M |
| Total Stockholders Equity | $51.25M | $64.88M |
| Total Liabilities & Equity | $60.01M | $67.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.69M | $-6.96M | $-8.61M | - |
| Depreciation & Amortization | $202.00K | - | $690.00K | - |
| Stock-based Compensation | - | - | $2.66M | - |
| Change in Receivables | - | - | $1.81M | - |
| Change in Inventory | - | - | $-4.49M | - |
| Change in Payables | - | - | $-1.57M | - |
| Operating Cash Flow | - | - | $-4.20M | - |
| Capital Expenditure | - | - | $226.00K | - |
| Investing Cash Flow | - | - | $-226.00K | - |
| Financing Cash Flow | - | - | $-202.00K | - |
| Net Change in Cash | - | - | $-4.62M | - |
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.