$60.07M
Revenue
$-20.32M
Net Income
36.75%
Gross Margin
-18.44%
Op. Margin
$-9.99M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $18.99M | $13.06M | $12.64M | $15.37M | $14.72M | $13.55M | $13.22M | $19.44M | $18.29M | $19.84M | $22.07M | $13.60M | $7.71M |
| Revenue Growth % (YoY) | 29.0% | -3.6% | -4.4% | -20.9% | -19.5% | -31.7% | -40.1% | 42.9% | 137.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $11.78M | $8.22M | $8.21M | $9.78M | $9.48M | $8.76M | $8.41M | $13.92M | $11.26M | $12.70M | $14.06M | $9.61M | $5.70M |
| Gross Profit | $7.21M | $4.84M | $4.43M | $5.59M | $5.24M | $4.79M | $4.81M | $5.52M | $7.03M | $7.14M | $8.01M | $3.99M | $2.01M |
| Gross Margin % | 38.0% | 37.0% | 35.1% | 36.4% | 35.6% | 35.4% | 36.4% | 28.4% | 38.5% | 36.0% | 36.3% | 29.3% | 26.1% |
| Operating Expenses | $7.46M | $7.00M | $6.60M | $12.09M | $6.84M | $6.82M | $6.99M | $7.86M | $8.60M | $8.55M | $10.16M | $7.31M | $4.41M |
| Selling General & Admin | $6.90M | $6.44M | $6.04M | $7.73M | $6.13M | $6.56M | $6.63M | $6.63M | $7.15M | $7.23M | $8.06M | $5.56M | $3.12M |
| Operating Income | $-245.73K | $-2.16M | $-2.17M | $-6.50M | $-1.61M | $-2.03M | $-2.18M | $-2.34M | $-1.56M | $-1.42M | $-2.15M | $-3.32M | $-2.40M |
| Operating Margin % | -1.3% | -16.6% | -17.2% | -42.3% | -10.9% | -15.0% | -16.5% | -12.0% | -8.6% | -7.1% | -9.7% | -24.4% | -31.1% |
| Interest Expense | $1.27M | $1.14M | $1.08M | $387.52K | $1.22M | $735.63K | $764.87K | $789.94K | $810.02K | $599.34K | $458.22K | $336.07K | $154.81K |
| Other Income/Expense | $-130.56K | $-7.43M | $-1.31M | $-283.28K | $-1.69M | $-4.91M | $3.39M | $780.88K | $-768.94K | $1.08M | $-444.41K | $3.02M | $-119.02K |
| Income Before Tax | $-376.30K | $-9.59M | $-3.48M | $-6.79M | $-3.30M | $-6.94M | $1.21M | $-1.56M | $-2.33M | $-336.70K | $-2.59M | $-304.84K | $-2.52M |
| Income Tax Expense | $16.68K | $14.24K | $14.62K | $34.78K | $509.00 | $-6.63K | $6.16K | $120.57K | $-4.23K | $-2.89K | $5.73K | - | - |
| Net Income | $-392.98K | $-9.61M | $-3.50M | $-6.82M | $-3.30M | $-6.93M | $1.20M | $-1.66M | $-2.36M | $-1.55M | $-2.55M | $-7.39M | $-2.52M |
| Net Margin % | -2.1% | -73.5% | -27.7% | -44.4% | -22.4% | -51.2% | 9.1% | -8.6% | -12.9% | -7.8% | -11.6% | -54.3% | -32.7% |
| Basic EPS | -0.12 | -3.14 | -106.71 | 77.67 | -11.77 | -1.11 | -0.26 | -0.16 | -0.24 | -0.16 | -0.26 | -3.55 | -0.34 |
| Diluted EPS | -0.12 | -3.14 | -106.71 | 77.67 | -11.77 | -1.11 | -0.26 | -0.16 | -0.24 | -0.16 | -0.26 | -3.55 | -0.34 |
| Basic Shares Outstanding | 3.4M | 3.1M | 33K | 382K | 303K | 6.3M | 39.4M | 63K | 10.1M | 9.9M | 9.9M | 692K | 7.4M |
| Diluted Shares Outstanding | 3.4M | 3.1M | 33K | 382K | 303K | 6.3M | 39.4M | 63K | 10.1M | 9.9M | 9.9M | 692K | 7.4M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $5.41M | $3.19M | $1.45M | $839.27K | $1.06M | $1.05M | $1.79M | $3.58M | $3.42M | $2.44M | $1.92M | $2.19M | $5.66M |
| Short-term Investments | - | - | - | - | - | - | - | - | - | $1.35M | $2.02M | $2.67M | $2.65M |
| Accounts Receivable | $4.92M | $3.30M | $3.93M | $4.88M | $4.23M | $4.76M | $4.98M | $5.01M | $5.74M | $5.66M | $6.12M | $5.56M | $3.94M |
| Inventory | $3.01M | $2.32M | $2.51M | $2.71M | $2.67M | $3.23M | $2.92M | $3.58M | $4.63M | $4.59M | $5.68M | $6.05M | $1.79M |
| Other Current Assets | $612.25K | $185.23K | $264.88K | $198.72K | $376.72K | $416.95K | $293.92K | $376.05K | $790.27K | $520.16K | $634.10K | $634.36K | $1.22M |
| Total Current Assets | $17.17M | $10.95M | $10.55M | $11.11M | $11.68M | $12.23M | $13.15M | $15.78M | $18.92M | $20.90M | $23.59M | $25.96M | $17.21M |
| Property Plant & Equipment | $1.05M | $1.11M | $1.16M | $1.24M | $1.31M | $1.38M | $1.44M | $1.51M | $1.57M | $1.45M | $1.47M | $1.19M | $341.52K |
| Goodwill | $17.44M | $17.44M | $17.44M | $17.44M | $20.55M | $20.55M | $20.55M | $20.55M | $20.55M | $20.55M | $20.55M | $20.55M | $16.57M |
| Intangible Assets | $10.54M | $11.10M | $11.66M | $12.22M | $13.68M | $14.39M | $15.10M | $15.81M | $16.85M | $18.06M | $19.28M | $20.55M | $16.78M |
| Other Non-current Assets | $31.39M | $32.07M | $32.72M | $33.36M | $38.01M | $39.25M | $40.07M | $40.88M | $42.03M | $43.35M | $46.78M | $47.54M | $33.70M |
| Total Assets | $49.61M | $44.13M | $44.43M | $45.71M | $51.00M | $52.85M | $54.65M | $58.17M | $62.52M | $65.70M | $71.84M | $74.70M | $51.25M |
| Accounts Payable | $7.29M | $6.41M | $6.51M | $8.03M | $8.25M | $8.50M | $6.99M | $7.68M | $7.08M | $6.52M | $7.75M | $7.59M | $2.40M |
| Deferred Revenue | $1.89M | $421.47K | $298.17K | $444.31K | $464.97K | $1.41M | $202.87K | $440.09K | $1.75M | $1.69M | $3.10M | $2.71M | $4.99M |
| Other Current Liabilities | $1.48M | $1.32M | $1.38M | $1.06M | - | - | - | $867.73K | - | - | - | $1.24M | - |
| Total Current Liabilities | $19.03M | $12.80M | $20.27M | $27.16M | $24.93M | $23.83M | $20.95M | $22.37M | $22.17M | $23.39M | $23.40M | $25.93M | $8.67M |
| Deferred Tax Liabilities | - | - | - | - | $41.58K | $41.58K | $41.58K | $41.58K | - | - | - | - | - |
| Common Stock | $170.33K | $170.33K | $4.07K | $93.43K | $47.02K | $362.16K | $3.21M | $512.33K | $509.14K | $501.69K | $497.44K | $495.78K | $371.78K |
| Retained Earnings | $-56.40M | $-56.00M | $-46.40M | $-42.90M | $-36.08M | $-32.78M | $-25.85M | $-27.08M | $-25.45M | $-23.18M | $-21.63M | $-19.09M | $-11.70M |
| Total Stockholders Equity | $21.73M | $22.10M | $14.81M | $8.55M | $13.13M | $-10.90M | $-11.17M | $20.44M | $21.86M | $23.93M | $25.00M | $27.22M | $30.24M |
| Total Liabilities & Equity | $49.61M | $44.13M | $44.43M | $45.71M | $51.00M | $52.85M | $54.65M | $58.17M | $62.52M | $65.70M | $71.84M | $74.70M | $51.25M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-392.98K | $-9.61M | $-3.50M | $-6.82M | $-3.30M | $-6.93M | $1.20M | $-1.66M | $-2.36M | $-4.11M | $-2.55M | $-7.39M | $-2.96M |
| Depreciation & Amortization | $1.88M | $1.25M | $627.32K | $780.52K | $2.37M | $1.59M | $801.79K | $1.13M | $4.00M | $2.69M | $1.38M | $749.01K | $2.48M |
| Stock-based Compensation | $72.17K | $53.28K | $30.82K | $45.20K | $-16.20K | $185.72K | $197.31K | $246.13K | $966.83K | $612.98K | $312.44K | $285.71K | $23.50K |
| Change in Receivables | $81.53K | $-1.60M | $-978.23K | $797.08K | $-803.05K | $-268.34K | $-53.40K | $-736.84K | $112.87K | $41.42K | $513.80K | $-336.83K | $1.24M |
| Change in Inventory | $300.51K | $-385.68K | $-195.09K | $39.76K | $-893.28K | $-327.54K | $-641.30K | $-1.05M | $-1.43M | $-1.46M | $-624.53K | $-474.92K | $82.26K |
| Change in Payables | $395.28K | $-489.96K | $-941.85K | $-215.34K | $570.84K | $822.50K | $-684.19K | $593.50K | $-510.42K | $-1.08M | $153.96K | $2.36M | $-3.07M |
| Operating Cash Flow | $-1.15M | $-3.53M | $-3.40M | $-1.91M | $-4.39M | $-3.43M | $-2.65M | $157.94K | $-825.11K | $-1.66M | $-125.58K | $-1.24M | $-6.34M |
| Capital Expenditure | $17.79K | $8.82K | - | $3.04K | $29.75K | $17.58K | $5.59K | $41.26K | $614.43K | $409.76K | $329.66K | $602.00 | $116.31K |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | $791.29K | $10.20M |
| Investing Cash Flow | $-17.79K | $-8.82K | - | $-3.04K | $-23.63K | $-11.46K | $524.00 | $-41.26K | $3.61M | $2.30M | $339.78K | $-796.68K | $-2.30M |
| Stock Repurchased | - | - | - | - | $6.10K | $6.10K | $2.87K | $7.22K | $31.19K | $6.29K | $6.29K | - | - |
| Financing Cash Flow | $5.72M | $5.86M | $3.99M | $901.14K | $1.18M | $172.90K | $544.86K | $-313.74K | $-2.45M | $791.38K | $122.25K | $-292.88K | $16.21M |
| Net Change in Cash | $4.55M | $2.32M | $588.88K | $-1.01M | $-3.23M | $-3.26M | $-2.10M | $-197.06K | $336.92K | $1.43M | $336.45K | $-2.33M | $7.56M |
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 | $18.99M | - | $44.69M | - |
| Cost of Revenue | $11.78M | - | $28.21M | - |
| Gross Profit | $7.21M | - | $16.48M | - |
| Operating Expenses | $7.46M | - | $21.06M | - |
| Selling General & Admin | $6.90M | - | $19.38M | - |
| Operating Income | $-245.73K | - | $-4.58M | - |
| Interest Expense | $143.42K | - | $1.27M | - |
| Other Income/Expense | $-130.56K | - | $-8.87M | - |
| Income Before Tax | $-376.30K | - | $-13.45M | - |
| Income Tax Expense | $16.68K | - | $45.53K | - |
| Net Income | $-392.98K | - | $-13.50M | - |
| Basic EPS | -0.12 | - | -6.19 | - |
| Diluted EPS | -0.12 | - | -6.19 | - |
| Basic Shares Outstanding | $3.41M | - | $2.18M | - |
| Diluted Shares Outstanding | $3.41M | - | $2.18M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.41M | $839.27K |
| Accounts Receivable | $4.92M | $4.88M |
| Inventory | $3.01M | $2.71M |
| Other Current Assets | $612.25K | $198.72K |
| Total Current Assets | $17.17M | $11.11M |
| Property Plant & Equipment | $1.05M | $1.24M |
| Goodwill | $17.44M | $17.44M |
| Intangible Assets | $10.54M | $12.22M |
| Other Non-current Assets | $31.39M | $33.36M |
| Total Assets | $49.61M | $45.71M |
| Accounts Payable | $7.29M | $8.03M |
| Deferred Revenue | $1.89M | $444.31K |
| Other Current Liabilities | $1.48M | $1.06M |
| Total Current Liabilities | $19.03M | $27.16M |
| Common Stock | $170.33K | $467.00 |
| Retained Earnings | $-56.40M | $-42.90M |
| Total Stockholders Equity | $21.73M | $8.55M |
| Total Liabilities & Equity | $49.61M | $45.71M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-392.98K | - | $-13.50M | - |
| Depreciation & Amortization | - | - | $1.88M | - |
| Stock-based Compensation | - | - | $72.17K | - |
| Change in Receivables | - | - | $81.53K | - |
| Change in Inventory | - | - | $300.51K | - |
| Change in Payables | - | - | $395.28K | - |
| Operating Cash Flow | - | - | $-1.15M | - |
| Capital Expenditure | - | - | $17.79K | - |
| Investing Cash Flow | - | - | $-17.79K | - |
| Financing Cash Flow | - | - | $5.72M | - |
| Net Change in Cash | - | - | $4.55M | - |
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.