$81.08M
Revenue
$-31.07M
Net Income
23.44%
Gross Margin
-29.25%
Op. Margin
$-20.10M
Free Cash Flow
| Breakdown | 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) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
Q4 2022 (Sep 30, 2022) |
Q3 2022 (Jun 30, 2022) |
Q2 2022 (Mar 31, 2022) |
Q1 2022 (Dec 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $19.30M | $21.70M | $20.43M | $19.63M | $24.12M | $19.25M | $26.70M | $26.82M | $24.95M | $25.57M | $23.68M | $32.65M | $42.24M |
| Revenue Growth % (YoY) | -20.0% | 12.8% | -23.5% | -26.8% | -3.3% | -24.7% | 12.8% | -17.9% | -40.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $13.04M | $17.23M | $15.42M | $16.39M | $18.04M | $6.12M | $23.20M | $23.11M | $21.89M | $24.56M | $19.78M | $23.63M | $26.44M |
| Gross Profit | $6.27M | $4.47M | $5.01M | $3.25M | $6.09M | $13.12M | $3.50M | $3.71M | $3.06M | $1.01M | $3.90M | $9.02M | $15.80M |
| Gross Margin % | 32.5% | 20.6% | 24.5% | 16.5% | 25.2% | 68.2% | 13.1% | 13.8% | 12.3% | 3.9% | 16.5% | 27.6% | 37.4% |
| Operating Expenses | $9.75M | $7.83M | $14.28M | $10.87M | $10.40M | $28.32M | $13.46M | $15.76M | $14.60M | $18.25M | $10.99M | $11.33M | $13.30M |
| Research & Development | $1.63M | $2.06M | $3.53M | $3.73M | $3.61M | $1.59M | $5.17M | $5.80M | $5.35M | $4.86M | $4.51M | $4.54M | $4.63M |
| Selling General & Admin | $7.17M | $5.01M | $4.62M | $6.04M | $6.61M | $6.38M | $6.45M | $9.95M | $9.94M | $11.16M | $7.80M | $7.56M | $7.19M |
| Operating Income | $-3.48M | $-3.35M | $-9.26M | $-7.62M | $-4.31M | $-15.20M | $-9.96M | $-12.04M | $-11.54M | $-17.24M | $-7.10M | $-2.31M | $2.50M |
| Operating Margin % | -18.0% | -15.4% | -45.3% | -38.8% | -17.9% | -79.0% | -37.3% | -44.9% | -46.2% | -67.4% | -30.0% | -7.1% | 5.9% |
| Interest Expense | - | - | - | $223.00K | $274.00K | $298.00K | $932.00K | $639.00K | $359.00K | - | $40.00K | $30.00K | $15.00K |
| Other Income/Expense | $7.00K | $3.61M | $-16.00K | $1.00K | $-16.00K | $-7.00K | $133.00K | $-130.00K | $-59.00K | $694.00K | $-525.00K | $-29.00K | $31.00K |
| Income Before Tax | $-5.42M | $-3.25M | $-11.54M | $-7.69M | $-4.33M | $-15.77M | $-9.83M | $-12.17M | $-11.60M | $-17.04M | $-7.62M | $-2.34M | $2.53M |
| Income Tax Expense | $42.00K | $-85.00K | - | $86.00K | $28.00K | $-135.00K | $29.00K | $54.00K | $94.00K | $-164.00K | $27.00K | $-117.00K | $115.00K |
| Net Income | $-5.51M | $-3.11M | $-13.96M | $-8.49M | $-5.68M | $-41.58M | $-9.86M | $-23.92M | $-11.69M | $-16.87M | $-7.65M | $-2.23M | $2.41M |
| Net Margin % | -28.5% | -14.3% | -68.3% | -43.3% | -23.5% | -216.1% | -36.9% | -89.2% | -46.9% | -66.0% | -32.3% | -6.8% | 5.7% |
| Basic EPS | -0.61 | -0.34 | -1.54 | -0.95 | -0.06 | -0.72 | -0.18 | -0.27 | -0.31 | -0.45 | -0.20 | -0.06 | 0.07 |
| Diluted EPS | -0.61 | -0.34 | -1.54 | -0.95 | -0.06 | -0.72 | -0.18 | -0.27 | -0.31 | -0.45 | -0.20 | -0.06 | 0.06 |
| Basic Shares Outstanding | 9.1M | 14K | 9.0M | 8.9M | 89.0M | 6.0M | 53.9M | 45.2M | 37.6M | 72K | 37.4M | 37.2M | 37.0M |
| Diluted Shares Outstanding | 9.1M | 14K | 9.0M | 8.9M | 89.0M | 6.0M | 53.9M | 45.2M | 37.6M | 72K | 37.4M | 37.2M | 39.0M |
| Breakdown | 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) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
Q4 2022 (Sep 30, 2022) |
Q3 2022 (Jun 30, 2022) |
Q2 2022 (Mar 31, 2022) |
Q1 2022 (Dec 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.48M | $10.29M | $8.48M | $11.49M | $20.68M | $26.21M | $19.72M | $24.35M | $23.69M | $25.62M | $74.61M | $80.93M | $74.90M |
| Accounts Receivable | $14.65M | $14.34M | $14.53M | $13.90M | $16.92M | $15.57M | $17.45M | $22.58M | $17.12M | $18.07M | $24.29M | $27.20M | $32.38M |
| Inventory | $26.02M | $25.07M | $29.20M | $32.12M | $31.95M | $28.91M | $35.83M | $40.09M | $39.60M | $37.03M | $29.21M | $28.05M | - |
| Other Current Assets | $128.00K | $137.00K | $318.00K | $397.00K | $513.00K | $922.00K | $2.43M | $2.07M | $2.15M | $1.33M | $6.47M | $6.54M | $7.05M |
| Total Current Assets | $53.94M | $55.02M | $67.73M | $73.78M | $85.81M | $92.39M | $84.47M | $100.73M | $91.99M | $92.94M | $143.01M | $143.97M | $147.96M |
| Property Plant & Equipment | $7.30M | $7.87M | $8.97M | $13.72M | $14.61M | $15.52M | $24.39M | $26.32M | $27.66M | $37.87M | $26.08M | $23.84M | $23.22M |
| Goodwill | - | - | - | - | - | - | $19.04M | $16.42M | $16.52M | $17.89M | $354.00K | $69.00K | $69.00K |
| Intangible Assets | $9.81M | $10.29M | $10.77M | $11.26M | $11.75M | $12.24M | - | - | - | $14.79M | $1.55M | $149.00K | $161.00K |
| Other Non-current Assets | $2.66M | $2.65M | $2.13M | $2.19M | $2.16M | $2.20M | $2.33M | $2.41M | $2.42M | $2.35M | $1.59M | $213.00K | $213.00K |
| Total Assets | $91.07M | $93.91M | $108.44M | $121.00M | $135.19M | $143.91M | $172.05M | $188.07M | $181.77M | $189.08M | $193.52M | $188.17M | $191.76M |
| Accounts Payable | $8.04M | $8.56M | $10.02M | $8.59M | $12.36M | $9.68M | $11.16M | $14.14M | $12.54M | $12.73M | $13.34M | $15.32M | $17.03M |
| Deferred Revenue | $2.48M | $1.42M | $891.00K | $2.28M | $1.89M | $1.63M | $1.36M | $4.25M | $4.12M | $5.30M | $9.04M | - | - |
| Total Current Liabilities | $19.06M | $18.46M | $23.52M | $22.54M | $27.62M | $28.79M | $26.89M | $33.76M | $31.25M | $29.22M | $36.18M | $26.73M | $28.32M |
| Other Non-current Liabilities | - | $4.66M | - | $8.00K | $8.00K | $8.00K | $8.00K | $8.00K | - | $106.00K | $9.00K | $115.00K | $794.00K |
| Total Liabilities | $45.91M | $43.75M | $56.18M | $53.66M | $59.75M | $63.62M | $66.67M | $74.47M | $72.95M | $70.25M | $59.95M | $48.39M | $50.80M |
| Common Stock | $826.13M | $825.62M | $825.23M | $826.34M | $825.95M | $825.12M | $807.61M | $806.10M | $789.08M | $787.35M | $785.74M | $784.37M | $783.33M |
| Retained Earnings | $-734.21M | $-728.70M | $-725.59M | $-711.63M | $-703.14M | $-697.46M | $-655.88M | $-646.02M | $-633.79M | $-622.10M | $-605.23M | $-597.58M | $-595.35M |
| Treasury Stock | - | - | - | - | - | - | - | - | - | - | $47.72M | $47.72M | $47.72M |
| Total Stockholders Equity | $45.16M | $50.17M | $52.27M | $67.33M | $75.44M | $80.29M | $105.39M | $113.61M | $108.82M | $118.83M | $133.57M | $139.78M | $140.96M |
| Total Liabilities & Equity | $91.07M | $93.91M | $108.44M | $121.00M | $135.19M | $143.91M | $172.05M | $188.07M | $181.77M | $189.08M | $193.52M | $188.17M | $191.76M |
| Breakdown | 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) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
Q4 2022 (Sep 30, 2022) |
Q3 2022 (Jun 30, 2022) |
Q2 2022 (Mar 31, 2022) |
Q1 2022 (Dec 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-5.51M | $-3.11M | $-13.96M | $-14.17M | $-5.68M | $-41.58M | $-33.78M | $-23.92M | $-11.69M | $-16.87M | $-7.65M | $-2.23M | $2.41M |
| Depreciation & Amortization | $1.07M | $1.12M | $4.38M | $3.17M | $1.46M | $-1.65M | $6.50M | $3.66M | $2.03M | $1.48M | $3.29M | $2.04M | $1.01M |
| Stock-based Compensation | $506.00K | $399.00K | $149.00K | $1.26M | $848.00K | $456.00K | $4.98M | $3.27M | $1.73M | $1.62M | $3.75M | $2.23M | $1.09M |
| Change in Working Capital | $-139.00K | $-9.77M | $343.00K | $1.69M | $-315.00K | $9.84M | $3.08M | $4.58M | $-340.00K | $-6.07M | - | $-6.91M | $-1.33M |
| Change in Receivables | $-298.00K | $246.00K | $-1.38M | $-1.98M | $238.00K | $1.94M | $7.00K | $7.42M | $77.00K | $-12.24M | $-7.31M | $-4.35M | $575.00K |
| Change in Inventory | $953.00K | $-4.14M | $300.00K | $3.22M | $3.05M | $3.83M | $2.16M | $2.98M | $2.50M | $-2.84M | $-3.38M | $-6.66M | $-1.13M |
| Change in Payables | $-483.00K | $-1.48M | $358.00K | $-1.07M | $2.89M | $708.00K | $-1.23M | $1.78M | $-308.00K | $-2.58M | $-4.71M | $-4.89M | $546.00K |
| Operating Cash Flow | $-1.81M | $9.34M | $-14.65M | $-12.69M | $-4.07M | $-7.20M | $-26.43M | $-22.81M | $-8.88M | $-5.19M | $8.15M | $11.54M | $6.21M |
| Capital Expenditure | - | $-372.00K | $372.00K | $292.00K | $214.00K | $-170.00K | $2.03M | $1.53M | $818.00K | $1.82M | $4.74M | $3.30M | $1.95M |
| Acquisitions | - | - | - | - | - | - | $-96.00K | $-96.00K | - | $57.42M | $2.44M | - | - |
| Investing Cash Flow | - | $-352.00K | $383.00K | $739.00K | $818.00K | $485.00K | $8.98M | $9.48M | $10.08M | $-58.34M | $-4.36M | $-2.17M | $-1.94M |
| Stock Issued | - | - | - | - | - | $18.81M | $15.44M | $15.63M | - | $29.00K | - | - | - |
| Financing Cash Flow | - | $-7.18M | $-3.46M | $-2.76M | $-2.28M | $12.88M | $11.52M | $12.01M | $-3.17M | $14.63M | $-278.00K | $-127.00K | $-25.00K |
| Net Change in Cash | $-1.81M | $1.81M | $-17.73M | $-14.72M | $-5.53M | $7.02M | $-5.93M | $-1.30M | $-1.96M | $-48.98M | $3.45M | $9.27M | $4.28M |
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing
Period ended: Dec 31, 2024
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2024 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $19.30M | $24.12M |
| Cost of Revenue | $13.04M | $18.04M |
| Gross Profit | $6.27M | $6.09M |
| Operating Expenses | $9.75M | $10.40M |
| Research & Development | $1.63M | $3.61M |
| Selling General & Admin | $7.17M | $6.61M |
| Operating Income | $-3.48M | $-4.31M |
| Interest Expense | - | $274.00K |
| Other Income/Expense | $7.00K | $-16.00K |
| Income Before Tax | $-5.42M | $-4.33M |
| Income Tax Expense | $42.00K | $28.00K |
| Net Income | $-5.51M | $-5.68M |
| Basic EPS | -0.61 | -0.64 |
| Diluted EPS | -0.61 | -0.64 |
| Basic Shares Outstanding | $9.07M | $8.90M |
| Diluted Shares Outstanding | $9.07M | $8.90M |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $8.48M | $10.29M |
| Accounts Receivable | $14.65M | $14.34M |
| Inventory | $26.02M | $25.07M |
| Other Current Assets | $128.00K | $137.00K |
| Total Current Assets | $53.94M | $55.02M |
| Property Plant & Equipment | $7.30M | $7.87M |
| Intangible Assets | $9.81M | $10.29M |
| Other Non-current Assets | $2.66M | $2.65M |
| Total Assets | $91.07M | $93.91M |
| Accounts Payable | $8.04M | $8.56M |
| Deferred Revenue | $2.48M | $1.42M |
| Total Current Liabilities | $19.06M | $18.46M |
| Total Liabilities | $45.91M | $43.75M |
| Common Stock | $826.13M | $825.62M |
| Retained Earnings | $-734.21M | $-728.70M |
| Total Stockholders Equity | $45.16M | $50.17M |
| Total Liabilities & Equity | $91.07M | $93.91M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2024 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-5.51M | $-5.68M |
| Depreciation & Amortization | $1.07M | $1.46M |
| Stock-based Compensation | $506.00K | $848.00K |
| Change in Working Capital | $-139.00K | $-39.00K |
| Change in Receivables | $-298.00K | $238.00K |
| Change in Inventory | $953.00K | $3.05M |
| Change in Payables | $-483.00K | $2.89M |
| Operating Cash Flow | $-1.81M | $-4.35M |
| Capital Expenditure | - | $214.00K |
| Investing Cash Flow | - | $818.00K |
| Financing Cash Flow | - | $-2.00M |
| Net Change in Cash | $-1.81M | $-5.53M |
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.