$4.93M
Revenue
$-20.60M
Net Income
55.83%
Gross Margin
-523.91%
Op. Margin
$-23.92M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
|---|---|---|---|
| Total Revenue | $4.93M | $5.04M | $4.24M |
| Revenue Growth % | -2.2% | 19.0% | nan% |
| Cost of Revenue | $2.18M | $1.76M | $1.52M |
| Gross Profit | $2.75M | $3.29M | $2.72M |
| Gross Margin % | 55.8% | 65.2% | 64.2% |
| Operating Expenses | $28.61M | $21.23M | $9.79M |
| Research & Development | $2.40M | $2.43M | $2.02M |
| Operating Income | $-25.86M | $-17.94M | $-7.07M |
| Operating Margin % | -523.9% | -355.7% | -166.8% |
| Interest Expense | $81.00K | $83.00K | $762.00K |
| Interest Income | $5.25M | $2.18M | $13.00K |
| Other Income/Expense | $5.16M | $2.09M | $-749.00K |
| Income Before Tax | $-20.69M | $-15.85M | $-7.82M |
| Income Tax Expense | - | $12.00K | $318.00K |
| Net Income | $-20.60M | $-15.75M | $-8.14M |
| Net Margin % | -417.4% | -312.3% | -192.0% |
| Basic EPS | -0.14 | -0.13 | -0.12 |
| Diluted EPS | -0.14 | -0.13 | -0.12 |
| Basic Shares Outstanding | 197.7M | 122.0M | 70.0M |
| Diluted Shares Outstanding | 197.7M | 122.0M | 70.0M |
| Breakdown | FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
|---|---|---|
| Cash & Cash Equivalents | $193.63M | $14.57M |
| Short-term Investments | $58.31M | $15.94M |
| Accounts Receivable | $1.78M | $1.36M |
| Inventory | $1.38M | $1.15M |
| Other Current Assets | $429.00K | $33.00K |
| Total Current Assets | $255.53M | $33.05M |
| Property Plant & Equipment | $5.58M | $738.00K |
| Intangible Assets | $9.76M | $7.62M |
| Other Non-current Assets | $638.00K | $740.00K |
| Total Assets | $272.76M | $42.65M |
| Accounts Payable | $397.00K | $150.00K |
| Short-term Debt | - | $53.00K |
| Accrued Liabilities | - | $97.00K |
| Deferred Revenue | $248.00K | - |
| Total Current Liabilities | $2.38M | $455.00K |
| Total Liabilities | $2.92M | $913.00K |
| Retained Earnings | $-23.69M | $-7.94M |
| Total Stockholders Equity | $269.88M | $41.74M |
| Total Liabilities & Equity | $272.76M | $42.65M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
|---|---|---|---|
| Net Income | $-28.70M | $-15.75M | $-8.14M |
| Depreciation & Amortization | $3.40M | $2.32M | $81.00K |
| Stock-based Compensation | - | $3.72M | - |
| Change in Receivables | $852.00K | $421.00K | $-4.22M |
| Change in Inventory | $1.07M | $232.00K | $326.00K |
| Change in Payables | $134.00K | $247.00K | $-976.00K |
| Operating Cash Flow | $-18.72M | $-9.04M | $-5.06M |
| Capital Expenditure | $5.20M | $5.01M | $725.00K |
| Investing Cash Flow | $-61.59M | $-48.00M | $-22.73M |
| Stock Issued | $308.67M | $219.81M | $30.18M |
| Financing Cash Flow | $334.12M | $236.10M | $41.92M |
| Net Change in Cash | - | - | $14.13M |
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $1.15M | - |
| Cost of Revenue | $547.00K | - |
| Gross Profit | $600.00K | - |
| Operating Expenses | $12.41M | - |
| Research & Development | $448.00K | - |
| Operating Income | $-11.81M | - |
| Interest Expense | $2.00K | - |
| Interest Income | $3.40M | - |
| Other Income/Expense | $3.40M | - |
| Income Before Tax | $-8.41M | - |
| Net Income | $-8.40M | $-3.55M |
| Basic EPS | -0.04 | -0.04 |
| Diluted EPS | -0.04 | -0.04 |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $271.81M | $193.63M |
| Short-term Investments | $56.68M | $58.31M |
| Accounts Receivable | $1.89M | $1.78M |
| Inventory | $1.88M | $1.38M |
| Other Current Assets | $322.00K | $429.00K |
| Total Current Assets | $332.58M | $255.53M |
| Property Plant & Equipment | $5.54M | $5.58M |
| Intangible Assets | $9.48M | $9.76M |
| Other Non-current Assets | $647.00K | $638.00K |
| Total Assets | $349.38M | $272.76M |
| Accounts Payable | $132.00K | $397.00K |
| Deferred Revenue | $358.00K | $248.00K |
| Total Current Liabilities | $9.31M | $2.38M |
| Long-term Debt | $112.00K | $118.00K |
| Total Liabilities | $9.74M | $2.92M |
| Retained Earnings | $-32.09M | $-23.69M |
| Total Stockholders Equity | $339.69M | $269.88M |
| Total Liabilities & Equity | $349.38M | $272.76M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-8.40M | - |
| Depreciation & Amortization | $353.00K | - |
| Stock-based Compensation | $8.28M | - |
| Change in Receivables | $110.00K | - |
| Change in Inventory | $498.00K | - |
| Change in Payables | $-265.00K | - |
| Operating Cash Flow | $-1.60M | - |
| Capital Expenditure | $71.00K | - |
| Investing Cash Flow | $1.54M | - |
| Stock Issued | $69.06M | - |
| Financing Cash Flow | $78.25M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.