$11.70M
Revenue
$-50.05M
Net Income
23.12%
Gross Margin
-301.86%
Op. Margin
$-50.22M
Free Cash Flow
| Breakdown | 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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $2.82M | $2.98M | $2.99M | $2.92M | $3.03M | $3.30M | $2.92M |
| Revenue Growth % (YoY) | -7.0% | -9.8% | 2.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.37M | $2.12M | $2.31M | $2.20M | $2.39M | $3.19M | $2.12M |
| Gross Profit | $449.00K | $856.00K | $676.00K | $723.00K | $633.00K | $107.00K | $799.00K |
| Gross Margin % | 15.9% | 28.8% | 22.6% | 24.8% | 20.9% | 3.2% | 27.4% |
| Operating Expenses | $8.38M | $9.47M | $9.28M | $10.88M | $11.36M | $14.76M | $13.38M |
| Research & Development | $3.77M | $3.84M | $3.90M | $5.17M | $5.57M | $7.00M | $5.82M |
| Selling General & Admin | $4.61M | $5.64M | $5.38M | $5.71M | $5.79M | $7.76M | $7.56M |
| Operating Income | $-7.93M | $-8.62M | $-8.61M | $-10.16M | $-10.73M | $-14.65M | $-12.59M |
| Operating Margin % | -281.7% | -289.7% | -288.2% | -347.7% | -354.5% | -444.1% | -430.8% |
| Interest Expense | - | $33.00K | $33.00K | $10.00K | $122.00K | - | - |
| Other Income/Expense | $-45.00K | $64.00K | $13.00K | $-627.00K | $52.00K | $-29.00K | $40.00K |
| Income Before Tax | $-9.65M | $-14.64M | $-11.59M | $-14.23M | $-12.43M | $1.04M | $-32.58M |
| Income Tax Expense | $-66.00K | - | - | - | $564.00K | $131.00K | $156.00K |
| Net Income | $-9.59M | $-14.64M | $-11.59M | $-14.23M | $-13.00M | $910.00K | $-32.73M |
| Net Margin % | -340.5% | -492.1% | -388.1% | -487.2% | -429.4% | 27.6% | -1120.7% |
| Basic EPS | -0.37 | -0.59 | -0.50 | -0.74 | -0.81 | 0.06 | -2.97 |
| Diluted EPS | nan | nan | -0.50 | -0.74 | -0.81 | 0.06 | -2.97 |
| Basic Shares Outstanding | 635K | 24.9M | 23.1M | 19.2M | 700K | 14.4M | 11.0M |
| Diluted Shares Outstanding | - | - | 23.1M | 19.2M | 700K | 14.6M | 11.0M |
| Breakdown | 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $15.10M | $19.69M | $8.59M | $14.61M | $12.14M | $20.16M | $29.28M |
| Short-term Investments | $1.20M | $1.22M | $1.16M | $1.15M | $1.08M | $989.00K | - |
| Accounts Receivable | $2.04M | $2.03M | $2.29M | $2.22M | $2.62M | $2.67M | $2.34M |
| Inventory | $2.85M | $2.98M | $3.22M | $3.25M | $3.31M | $3.55M | $5.11M |
| Other Current Assets | $844.00K | $990.00K | $1.11M | $1.85M | $1.52M | $3.64M | $2.81M |
| Total Current Assets | $22.24M | $27.44M | $17.17M | $24.13M | $24.47M | $32.44M | $42.24M |
| Property Plant & Equipment | $2.58M | $2.88M | $3.10M | $3.20M | $2.39M | $2.61M | $2.90M |
| Other Non-current Assets | $500.00K | $763.00K | $882.00K | $1.21M | $1.82M | $1.11M | $1.12M |
| Total Assets | $28.56M | $32.31M | $22.87M | $30.72M | $31.37M | $39.32M | $49.88M |
| Accounts Payable | $4.84M | $4.71M | $3.76M | $5.11M | $4.80M | $4.81M | $4.03M |
| Accrued Liabilities | $2.87M | $2.94M | $2.70M | $3.35M | $3.24M | $3.44M | $3.23M |
| Deferred Revenue | $1.64M | $671.00K | $791.00K | $1.27M | $1.54M | $596.00K | $478.00K |
| Total Current Liabilities | $31.20M | $18.26M | $13.41M | $16.13M | $12.03M | $37.79M | $53.72M |
| Other Non-current Liabilities | $1.68M | $2.02M | $2.00M | $1.20M | $1.16M | $1.07M | $1.10M |
| Total Liabilities | $84.60M | $80.80M | $57.75M | $56.50M | $51.25M | $74.36M | $88.54M |
| Common Stock | $25.00K | $25.00K | $24.00K | $21.00K | $14.00K | $14.00K | - |
| Retained Earnings | $-718.90M | $-709.31M | $-694.67M | $-683.09M | $-668.86M | $-655.86M | $-656.77M |
| Total Stockholders Equity | $-56.04M | $-48.48M | $-34.89M | $-25.78M | $-19.89M | $-35.03M | $-38.66M |
| Total Liabilities & Equity | $28.56M | $32.31M | $22.87M | $30.72M | $31.37M | $39.32M | $49.88M |
| Breakdown | 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-9.59M | $-40.46M | $-25.82M | $-14.23M | $-13.00M | $-48.62M | $-32.73M |
| Stock-based Compensation | $964.00K | $3.42M | $2.26M | $1.30M | $1.36M | $4.02M | $2.21M |
| Change in Receivables | $70.00K | $-510.00K | $-265.00K | $-386.00K | $-16.00K | $250.00K | $-74.00K |
| Change in Inventory | $13.00K | $37.00K | $139.00K | $85.00K | $-148.00K | $-298.00K | $30.00K |
| Change in Payables | $133.00K | $661.00K | $-644.00K | $312.00K | $77.00K | $218.00K | $-451.00K |
| Operating Cash Flow | $-5.07M | $-19.13M | $-16.04M | $-8.45M | $-7.75M | $-32.44M | $-24.19M |
| Capital Expenditure | - | $509.00K | $515.00K | $513.00K | $110.00K | $925.00K | $167.00K |
| Investing Cash Flow | - | $-509.00K | $-515.00K | $-513.00K | $-110.00K | $8.77M | $9.12M |
| Debt Repayment | - | $726.00K | $726.00K | - | - | - | - |
| Financing Cash Flow | $-586.00K | $27.64M | $12.84M | $11.44M | $107.00K | $8.91M | $9.73M |
| Net Change in Cash | $-4.59M | $7.55M | $-3.55M | $2.47M | $-8.02M | $-14.74M | $-5.62M |
SEC Filing Format - Data shown as it appears in the Q3 2024 (10-Q) filing
Period ended: Sep 30, 2024
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $2.98M | $3.30M | $8.88M | $9.03M |
| Cost of Revenue | $2.12M | $3.19M | $6.63M | $7.12M |
| Gross Profit | $856.00K | $107.00K | $2.25M | $1.92M |
| Operating Expenses | $9.47M | $14.76M | $29.63M | $45.22M |
| Research & Development | $3.84M | $7.00M | $12.91M | $19.78M |
| Selling General & Admin | $5.64M | $7.76M | $16.72M | $25.43M |
| Operating Income | $-8.62M | $-14.65M | $-27.38M | $-43.30M |
| Interest Expense | - | - | $33.00K | - |
| Other Income/Expense | $64.00K | $-29.00K | $-550.00K | $56.00K |
| Income Before Tax | $-14.64M | $1.04M | $-40.46M | $-48.33M |
| Income Tax Expense | - | $131.00K | - | $286.00K |
| Net Income | $-14.64M | $910.00K | $-40.46M | $-48.62M |
| Basic EPS | -0.59 | 0.06 | -1.78 | -4.13 |
| Basic Shares Outstanding | $24.91M | $14.43M | $22.67M | $11.78M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
| Cash & Cash Equivalents | $19.69M | $12.14M |
| Short-term Investments | $1.22M | $1.08M |
| Accounts Receivable | $2.03M | $2.62M |
| Inventory | $2.98M | $3.31M |
| Other Current Assets | $990.00K | $1.52M |
| Total Current Assets | $27.44M | $24.47M |
| Property Plant & Equipment | $2.88M | $2.39M |
| Other Non-current Assets | $763.00K | $1.82M |
| Total Assets | $32.31M | $31.37M |
| Accounts Payable | $4.71M | $4.80M |
| Accrued Liabilities | $2.94M | $3.24M |
| Deferred Revenue | $671.00K | $1.54M |
| Total Current Liabilities | $18.26M | $12.03M |
| Other Non-current Liabilities | $2.02M | $1.16M |
| Total Liabilities | $80.80M | $51.25M |
| Common Stock | $25.00K | $14.00K |
| Retained Earnings | $-709.31M | $-668.86M |
| Total Stockholders Equity | $-48.48M | $-19.89M |
| Total Liabilities & Equity | $32.31M | $31.37M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.64M | $910.00K | $-40.46M | $-48.62M |
| Stock-based Compensation | - | - | $3.42M | $4.02M |
| Change in Receivables | - | - | $-510.00K | $283.00K |
| Change in Inventory | - | - | $37.00K | $-298.00K |
| Change in Payables | - | - | $661.00K | $218.00K |
| Operating Cash Flow | - | - | $-19.13M | $-32.44M |
| Capital Expenditure | - | - | $509.00K | $925.00K |
| Investing Cash Flow | - | - | $-509.00K | $8.77M |
| Debt Repayment | - | - | $726.00K | - |
| Financing Cash Flow | - | - | $27.64M | $8.91M |
| Net Change in Cash | - | - | $7.55M | $-14.74M |
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.