$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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $40.84M | $44.52M | $38.02M | $39.46M | $36.37M | $40.43M | $38.80M | $37.79M | $43.09M | $42.24M | $43.30M | $35.37M | $44.24M | $45.54M | $38.03M | $34.17M | $38.96M | $34.35M |
| Revenue Growth % (YoY) | 12.3% | 10.1% | -2.0% | 4.4% | -15.6% | -4.3% | -10.4% | 6.9% | -2.6% | -7.2% | 13.8% | 3.5% | 13.6% | 32.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $22.23M | $22.83M | $18.99M | $20.04M | $18.52M | $23.48M | $21.08M | $22.41M | $23.52M | $22.55M | $23.20M | $19.71M | $25.07M | $28.17M | $23.41M | $20.39M | $21.95M | $18.11M |
| Gross Profit | $18.62M | $21.69M | $19.04M | $19.42M | $17.85M | $16.94M | $17.72M | $15.39M | $19.57M | $19.69M | $20.11M | $15.65M | $19.17M | $17.37M | $14.62M | $13.78M | $17.00M | $16.24M |
| Gross Margin % | 45.6% | 48.7% | 50.1% | 49.2% | 49.1% | 41.9% | 45.7% | 40.7% | 45.4% | 46.6% | 46.4% | 44.3% | 43.3% | 38.1% | 38.4% | 40.3% | 43.6% | 47.3% |
| Operating Expenses | $21.49M | $22.71M | $25.42M | $25.76M | $20.81M | $24.01M | $25.00M | $24.28M | $30.99M | $25.07M | $23.36M | $22.00M | $28.39M | $32.12M | $32.18M | $51.25M | $66.50M | $16.95M |
| Operating Income | $-2.87M | $-1.02M | $-6.39M | $-6.34M | $-2.96M | $-7.07M | $-7.28M | $-8.89M | $-11.42M | $-5.38M | $-3.25M | $-6.35M | $-9.22M | $-14.74M | $-17.55M | $-37.46M | $-49.50M | $-707.00K |
| Operating Margin % | -7.0% | -2.3% | -16.8% | -16.1% | -8.2% | -17.5% | -18.8% | -23.5% | -26.5% | -12.7% | -7.5% | -18.0% | -20.8% | -32.4% | -46.2% | -109.6% | -127.1% | -2.1% |
| Interest Expense | $43.00K | $27.00K | $13.00K | $20.00K | $73.00K | $47.00K | $26.00K | $20.00K | $59.00K | $39.00K | $19.00K | $64.00K | - | - | - | - | $148.00K | $72.00K |
| Other Income/Expense | $-7.00K | $382.00K | $57.00K | $-420.00K | $118.00K | $142.00K | $97.00K | $-235.00K | $165.00K | $403.00K | $340.00K | $222.00K | $26.00K | $-44.00K | $82.00K | $44.00K | $-213.00K | $-42.00K |
| Income Before Tax | $-2.88M | $-634.00K | $-6.33M | $-6.76M | $-2.85M | $-6.93M | $-7.19M | $-9.13M | $-11.26M | $-4.97M | $-2.91M | $-6.13M | $-9.20M | $-14.79M | $-17.47M | $-37.42M | $-49.71M | - |
| Income Tax Expense | $-32.00K | $17.00K | $41.00K | $23.00K | $-4.00K | $34.00K | $13.00K | $21.00K | $-5.00K | $-35.00K | $-1.00K | $42.00K | $1.00K | $9.00K | $12.00K | $16.00K | $-50.00K | - |
| Net Income | $-2.69M | $-651.00K | $-6.37M | $-5.76M | $-2.84M | $-6.96M | $-7.20M | $-9.15M | $-11.25M | $-5.01M | $-2.91M | $-6.17M | $-9.20M | $-14.80M | $-17.48M | $-37.40M | $-49.76M | $-749.00K |
| Net Margin % | -6.6% | -1.5% | -16.8% | -14.6% | -7.8% | -17.2% | -18.6% | -24.2% | -26.1% | -11.9% | -6.7% | -17.4% | -20.8% | -32.5% | -46.0% | -109.5% | -127.7% | -2.2% |
| Basic EPS | -0.04 | -0.01 | -0.08 | nan | -0.04 | -0.10 | -0.10 | nan | -0.16 | -0.08 | -0.03 | nan | -0.17 | -0.28 | -0.30 | nan | -0.75 | -0.30 |
| Diluted EPS | -0.04 | -0.01 | -0.08 | nan | -0.04 | -0.10 | -0.10 | nan | -0.16 | -0.08 | -0.04 | nan | -0.17 | -0.28 | -0.30 | nan | -0.75 | -0.30 |
| Basic Shares Outstanding | 67.3M | 66.3M | 63.0M | - | 59.5M | 58.7M | 55.9M | - | 50.8M | 50.1M | 49.4M | - | 44.1M | 40.2M | 36.9M | - | 34.4M | 2.5M |
| Diluted Shares Outstanding | 67.3M | 66.3M | 76.5M | - | 59.5M | 58.7M | 55.9M | - | 50.8M | 50.1M | 72.3M | - | 44.1M | 40.2M | 36.9M | - | 34.4M | 2.5M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $26.03M | $26.30M | $27.72M | $30.65M | $32.69M | $28.94M | $28.72M | $31.95M | $38.54M | $47.03M | $55.96M | $47.40M | $49.24M | $49.65M | $28.82M | $43.11M | $78.72M | $6.38M |
| Short-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $30.00M | $30.00M | - | - |
| Accounts Receivable | $12.61M | $13.12M | $8.80M | $10.79M | $10.01M | $11.35M | $14.05M | $11.12M | $16.37M | $16.94M | $14.32M | $11.08M | $13.54M | $17.11M | $13.42M | $9.05M | $14.51M | $9.42M |
| Inventory | $14.13M | $15.74M | $17.11M | $18.62M | $20.69M | $22.25M | $30.62M | $34.55M | $49.40M | $37.60M | $28.95M | $27.58M | $37.28M | $33.92M | $32.42M | $31.50M | $24.93M | $22.54M |
| Other Current Assets | $1.74M | $1.75M | $2.71M | $1.84M | $2.68M | $2.95M | $3.96M | $5.06M | $2.91M | $1.90M | $2.06M | $2.61M | $3.36M | $2.08M | $2.46M | $3.42M | $5.10M | $5.98M |
| Total Current Assets | $54.51M | $56.91M | $56.33M | $61.91M | $66.06M | $65.50M | $77.35M | $82.69M | $107.22M | $105.69M | $103.44M | $88.66M | $103.41M | $102.77M | $107.13M | $117.08M | $123.25M | $44.32M |
| Property Plant & Equipment | $870.00K | $1.00M | $1.08M | $1.26M | $1.49M | $1.71M | $1.90M | $2.11M | $2.47M | $2.87M | $2.65M | $4.64M | $4.93M | $4.71M | $4.07M | $3.66M | $2.74M | $2.65M |
| Intangible Assets | $3.15M | $3.05M | $3.11M | $3.18M | $3.28M | $3.36M | $3.44M | $3.52M | $3.93M | $4.08M | $4.22M | $4.38M | $3.59M | $3.64M | $3.69M | $3.74M | $3.79M | $3.84M |
| Other Non-current Assets | $794.00K | $655.00K | $484.00K | $503.00K | $522.00K | $541.00K | $560.00K | $579.00K | $630.00K | $651.00K | $520.00K | $539.00K | $558.00K | $575.00K | $514.00K | $301.00K | $3.00K | $82.00K |
| Total Assets | $60.01M | $62.45M | $61.97M | $67.95M | $72.86M | $72.77M | $85.06M | $90.86M | $116.36M | $115.54M | $113.22M | $98.93M | $113.37M | $112.74M | $116.48M | $124.99M | $130.14M | $51.39M |
| Accounts Payable | $13.86M | $14.38M | $13.88M | $15.29M | $14.87M | $12.13M | $19.05M | $21.17M | $37.83M | $27.71M | $22.18M | $8.02M | $19.68M | $16.54M | $15.28M | $13.49M | $11.93M | $10.81M |
| Accrued Liabilities | $9.46M | - | - | $8.34M | - | - | - | - | - | - | - | - | - | - | - | - | $4.45M | $3.69M |
| Other Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.99M | $3.78M |
| Total Current Liabilities | $23.97M | $24.30M | $24.03M | $24.22M | $23.19M | $21.20M | $27.79M | $27.72M | $45.58M | $35.25M | $30.14M | $17.15M | $28.33M | $25.17M | $22.14M | $20.43M | $19.77M | $18.82M |
| 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 | $29.01M | $29.09M | $47.10M | $36.92M | $31.95M | $17.15M | $28.52M | $25.54M | $22.62M | $20.43M | $19.77M | $18.83M |
| Retained Earnings | $-129.95M | $-127.27M | $-126.57M | $-121.34M | $-115.58M | $-113.05M | $-107.16M | $-101.34M | $-94.08M | $-85.86M | $-81.93M | $-79.84M | $-75.46M | $-67.97M | $-56.88M | $-45.99M | $-25.82M | $-200.95M |
| Total Stockholders Equity | $51.25M | $53.02M | $53.73M | $64.88M | $72.51M | $74.99M | $80.28M | $89.88M | $101.26M | $107.96M | $109.54M | $109.95M | $114.04M | $115.33M | $122.44M | $128.48M | $117.05M | $-199.90M |
| Total Liabilities & Equity | $60.01M | $62.45M | $61.97M | $67.95M | $72.86M | $72.77M | $85.06M | $90.86M | $116.36M | $115.54M | $113.22M | $98.93M | $113.37M | $112.74M | $116.48M | $124.99M | $130.14M | $51.39M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.69M | $-7.02M | $-6.37M | $-5.76M | $-17.00M | $-14.16M | $-7.20M | $-9.15M | $-19.17M | $-5.01M | $-2.91M | $-6.17M | $-9.20M | $-14.80M | $-17.48M | $-37.40M | $-49.76M | $-502.00K |
| Depreciation & Amortization | $690.00K | $488.00K | $252.00K | $288.00K | $1.04M | $731.00K | $328.00K | $381.00K | $1.23M | $823.00K | $419.00K | $342.00K | $1.00M | $679.00K | $351.00K | $284.00K | $713.00K | $474.00K |
| Stock-based Compensation | $2.66M | $1.71M | $731.00K | $1.01M | $3.95M | $2.92M | $1.49M | $1.67M | $1.88M | $2.36M | $2.38M | $3.10M | $6.84M | $16.94M | $8.90M | $31.92M | $45.80M | $73.00K |
| Change in Receivables | $1.81M | $2.33M | $-2.00M | $787.00K | $-1.11M | $232.00K | $2.93M | $-5.25M | $5.29M | $5.86M | $3.24M | $-2.46M | $4.49M | $8.07M | $4.38M | $-5.50M | $7.56M | $2.47M |
| Change in Inventory | $-4.49M | $-2.88M | $-1.51M | $-2.07M | $-13.86M | $-12.30M | $-3.93M | $-14.85M | $21.82M | $10.02M | $1.37M | $-9.71M | $5.78M | $2.42M | $920.00K | $6.57M | $4.13M | $1.74M |
| Change in Payables | $-1.57M | $-1.00M | $-1.42M | $433.00K | $-6.30M | $-9.11M | $-2.11M | $-16.67M | $30.31M | $20.17M | $14.59M | $-12.10M | $6.25M | $2.98M | $1.65M | $241.00K | $4.16M | $3.04M |
| Operating Cash Flow | $-4.20M | $-4.31M | $-2.92M | $-1.99M | $971.00K | $-2.92M | $-3.20M | $-6.61M | $-9.67M | $1.07M | $9.40M | $-1.43M | $-19.35M | $-19.55M | $-11.40M | $-4.71M | $-13.09M | $-37.00K |
| Capital Expenditure | $226.00K | - | - | $45.00K | - | - | - | - | - | $1.53M | $862.00K | $411.00K | $2.18M | $1.56M | $565.00K | $835.00K | $2.31M | $2.03M |
| Investing Cash Flow | $-226.00K | $-45.00K | $-11.00K | $-45.00K | $-238.00K | $-93.00K | $-33.00K | $19.00K | $786.00K | $-1.46M | $-862.00K | $-411.00K | $27.82M | $28.44M | $-565.00K | $-30.84M | $-2.31M | $-2.03M |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $17.00K | - |
| Financing Cash Flow | $-202.00K | $5.00K | - | - | - | - | - | - | $25.00K | $23.00K | $23.00K | $6.00K | $-2.35M | $-2.35M | $-2.33M | $-63.00K | $79.19M | $-6.49M |
| Net Change in Cash | $-4.62M | $-4.35M | $-2.94M | $-2.04M | $733.00K | $-3.01M | $-3.23M | $-6.59M | $-8.86M | $-369.00K | $8.56M | $-1.84M | $6.13M | $6.54M | $-14.29M | $-35.61M | $63.78M | $-8.56M |
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.