$4.93M
Revenue
$-20.60M
Net Income
55.83%
Gross Margin
-523.91%
Op. Margin
$-23.92M
Free Cash Flow
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.15M | $1.44M | $1.18M | $1.17M | $1.26M | $525.00K | $1.44M | $1.17M | $1.11M |
| Revenue Growth % (YoY) | -8.8% | 175.0% | -18.4% | 0.2% | 13.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $547.00K | $878.00K | $301.00K | $454.00K | $123.00K | $109.00K | $429.00K | $485.00K | $496.00K |
| Gross Profit | $600.00K | $566.00K | $876.00K | $713.00K | $1.13M | $416.00K | $1.01M | $680.00K | $610.00K |
| Gross Margin % | 52.3% | 39.2% | 74.4% | 61.1% | 90.2% | 79.2% | 70.3% | 58.4% | 55.2% |
| Operating Expenses | $12.41M | $5.17M | $5.38M | $5.65M | $5.03M | $3.39M | $1.91M | $1.62M | $2.87M |
| Research & Development | $448.00K | $1.09M | $533.00K | $320.00K | $484.00K | $388.00K | $386.00K | $413.00K | $834.00K |
| Operating Income | $-11.81M | $-4.60M | $-4.51M | $-4.94M | $-3.90M | $-2.97M | $-895.00K | $-945.00K | $-2.26M |
| Operating Margin % | -1029.6% | -318.6% | -382.9% | -423.2% | -310.1% | -565.7% | -62.0% | -81.1% | -204.5% |
| Interest Expense | $2.00K | $55.00K | $19.00K | $5.00K | $4.00K | $1.00K | - | - | - |
| Interest Income | $3.40M | $1.03M | $423.00K | $387.00K | $333.00K | - | - | - | - |
| Other Income/Expense | $3.40M | $979.00K | $404.00K | $382.00K | $329.00K | $12.00K | $-101.00K | $-174.00K | $-486.00K |
| Income Before Tax | $-8.41M | $-3.62M | $-4.10M | $-4.56M | $-3.57M | $-2.96M | $-996.00K | $-1.12M | $-2.75M |
| Income Tax Expense | - | $3.00K | - | - | - | $1.00K | $317.00K | - | - |
| Net Income | $-8.40M | $-3.59M | $-4.06M | $-4.54M | $-3.55M | $-2.96M | $-1.31M | $-1.12M | $-2.75M |
| Net Margin % | -732.5% | -248.9% | -345.2% | -389.0% | -282.3% | -563.6% | -91.0% | -96.1% | -248.5% |
| Basic EPS | -0.04 | -0.02 | -0.04 | -0.04 | -0.04 | -0.05 | -0.02 | -0.02 | -0.04 |
| Diluted EPS | -0.04 | -0.02 | -0.04 | -0.04 | -0.04 | -0.05 | -0.02 | -0.02 | -0.04 |
| Basic Shares Outstanding | 197.7M | - | - | - | 95.8M | 270K | 69.7M | 66.6M | 64.3M |
| Diluted Shares Outstanding | 197.7M | - | - | - | 95.8M | 270K | 69.7M | 66.6M | 64.3M |
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $271.81M | $193.63M | $32.89M | $11.13M | $19.83M | $14.57M | $9.20M | $8.20M | $7.54M |
| Short-term Investments | $56.68M | $58.31M | $52.62M | $30.71M | $16.07M | $15.94M | - | - | - |
| Accounts Receivable | $1.89M | $1.78M | $1.69M | $1.68M | $2.12M | $1.36M | $3.13M | $3.75M | $3.14M |
| Inventory | $1.88M | $1.38M | $1.48M | $1.49M | $1.40M | $1.15M | $399.00K | $292.00K | $654.00K |
| Other Current Assets | $322.00K | $429.00K | $166.00K | $130.00K | $53.00K | $33.00K | $2.00K | $1.00K | $7.00K |
| Total Current Assets | $332.58M | $255.53M | $88.85M | $45.14M | $39.46M | $33.05M | $12.73M | $12.41M | $11.50M |
| Property Plant & Equipment | $5.54M | $5.58M | $5.16M | $816.00K | $802.00K | $738.00K | $21.00K | $24.00K | $24.00K |
| Intangible Assets | $9.48M | $9.76M | $11.53M | $9.38M | $9.58M | $7.62M | - | - | - |
| Other Non-current Assets | $647.00K | $638.00K | $987.00K | $981.00K | $915.00K | $740.00K | $27.00K | $10.00K | $10.00K |
| Total Assets | $349.38M | $272.76M | $107.33M | $57.18M | $51.42M | $42.65M | $13.38M | $13.22M | $12.31M |
| Accounts Payable | $132.00K | $397.00K | $337.00K | $302.00K | $530.00K | $150.00K | $1.01M | $157.00K | $60.00K |
| Short-term Debt | - | - | - | - | $53.00K | $53.00K | $2.39M | $2.05M | $50.00K |
| Accrued Liabilities | - | - | $82.00K | $2.00K | $170.00K | $97.00K | $33.00K | $2.00K | $59.00K |
| Deferred Revenue | $358.00K | $248.00K | - | - | - | - | - | - | - |
| Total Current Liabilities | $9.31M | $2.38M | $739.00K | $596.00K | $993.00K | $455.00K | $3.89M | $2.91M | $838.00K |
| Long-term Debt | $112.00K | - | - | - | - | - | - | - | - |
| Total Liabilities | $9.74M | $2.92M | $1.38M | $1.32M | $1.55M | $913.00K | $4.30M | $3.00M | $964.00K |
| Retained Earnings | $-32.09M | $-23.69M | $-20.10M | $-16.03M | $-11.49M | $-7.94M | $-4.98M | $-3.67M | $-2.55M |
| Total Stockholders Equity | $339.69M | $269.88M | $106.03M | $55.90M | $49.89M | $41.74M | $9.08M | $10.22M | $11.35M |
| Total Liabilities & Equity | $349.38M | $272.76M | $107.33M | $57.18M | $51.42M | $42.65M | $13.38M | $13.22M | $12.31M |
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-8.40M | $-3.59M | $-12.16M | $-4.54M | $-3.55M | $-2.96M | $-1.31M | $-3.87M | $-2.75M |
| Depreciation & Amortization | $353.00K | $684.00K | $1.64M | $730.00K | $513.00K | $74.00K | $7.00K | - | - |
| Stock-based Compensation | $8.28M | - | - | - | - | - | - | - | - |
| Change in Receivables | $110.00K | $86.00K | $335.00K | $321.00K | $755.00K | $-1.77M | $-2.45M | $-1.82M | $-2.43M |
| Change in Inventory | $498.00K | $-102.00K | $334.00K | $343.00K | $248.00K | $750.00K | $-424.00K | $-530.00K | $-167.00K |
| Change in Payables | $-265.00K | $60.00K | $187.00K | $152.00K | $380.00K | $-865.00K | $-111.00K | $-969.00K | $-1.07M |
| Operating Cash Flow | $-1.60M | $2.15M | $-11.20M | $-8.08M | $-3.60M | $-2.94M | $-2.12M | $-2.54M | $-1.21M |
| Capital Expenditure | $71.00K | $500.00K | $4.51M | $116.00K | $78.00K | - | - | - | - |
| Investing Cash Flow | $1.54M | $-6.46M | $-41.53M | $-15.13M | $-380.00K | $-22.87M | $135.00K | $-34.00K | $-25.00K |
| Stock Issued | $69.06M | $148.72M | $71.09M | $19.79M | $9.24M | $30.01M | $173.00K | - | - |
| Financing Cash Flow | $78.25M | $165.05M | $71.06M | $19.77M | $9.24M | $31.17M | $10.75M | $10.34M | $8.34M |
| Net Change in Cash | - | - | - | - | - | $5.37M | $8.77M | $7.76M | $7.10M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.