$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $19.30M | $21.70M | $20.43M | $19.63M | $24.12M | $19.25M | $26.70M |
| Revenue Growth % (YoY) | -20.0% | 12.8% | -23.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $13.04M | $17.23M | $15.42M | $16.39M | $18.04M | $6.12M | $23.20M |
| Gross Profit | $6.27M | $4.47M | $5.01M | $3.25M | $6.09M | $13.12M | $3.50M |
| Gross Margin % | 32.5% | 20.6% | 24.5% | 16.5% | 25.2% | 68.2% | 13.1% |
| Operating Expenses | $9.75M | $7.83M | $14.28M | $10.87M | $10.40M | $28.32M | $13.46M |
| Research & Development | $1.63M | $2.06M | $3.53M | $3.73M | $3.61M | $1.59M | $5.17M |
| Selling General & Admin | $7.17M | $5.01M | $4.62M | $6.04M | $6.61M | $6.38M | $6.45M |
| Operating Income | $-3.48M | $-3.35M | $-9.26M | $-7.62M | $-4.31M | $-15.20M | $-9.96M |
| Operating Margin % | -18.0% | -15.4% | -45.3% | -38.8% | -17.9% | -79.0% | -37.3% |
| Interest Expense | - | - | - | $223.00K | $274.00K | $298.00K | $932.00K |
| Other Income/Expense | $7.00K | $3.61M | $-16.00K | $1.00K | $-16.00K | $-7.00K | $133.00K |
| Income Before Tax | $-5.42M | $-3.25M | $-11.54M | $-7.69M | $-4.33M | $-15.77M | $-9.83M |
| Income Tax Expense | $42.00K | $-85.00K | - | $86.00K | $28.00K | $-135.00K | $29.00K |
| Net Income | $-5.51M | $-3.11M | $-13.96M | $-8.49M | $-5.68M | $-41.58M | $-9.86M |
| Net Margin % | -28.5% | -14.3% | -68.3% | -43.3% | -23.5% | -216.1% | -36.9% |
| Basic EPS | -0.61 | -0.34 | -1.54 | -0.95 | -0.06 | -0.72 | -0.18 |
| Diluted EPS | -0.61 | -0.34 | -1.54 | -0.95 | -0.06 | -0.72 | -0.18 |
| Basic Shares Outstanding | 9.1M | 14K | 9.0M | 8.9M | 89.0M | 6.0M | 53.9M |
| Diluted Shares Outstanding | 9.1M | 14K | 9.0M | 8.9M | 89.0M | 6.0M | 53.9M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.48M | $10.29M | $8.48M | $11.49M | $20.68M | $26.21M | $19.72M |
| Accounts Receivable | $14.65M | $14.34M | $14.53M | $13.90M | $16.92M | $15.57M | $17.45M |
| Inventory | $26.02M | $25.07M | $29.20M | $32.12M | $31.95M | $28.91M | $35.83M |
| Other Current Assets | $128.00K | $137.00K | $318.00K | $397.00K | $513.00K | $922.00K | $2.43M |
| Total Current Assets | $53.94M | $55.02M | $67.73M | $73.78M | $85.81M | $92.39M | $84.47M |
| Property Plant & Equipment | $7.30M | $7.87M | $8.97M | $13.72M | $14.61M | $15.52M | $24.39M |
| Goodwill | - | - | - | - | - | - | $19.04M |
| Intangible Assets | $9.81M | $10.29M | $10.77M | $11.26M | $11.75M | $12.24M | - |
| Other Non-current Assets | $2.66M | $2.65M | $2.13M | $2.19M | $2.16M | $2.20M | $2.33M |
| Total Assets | $91.07M | $93.91M | $108.44M | $121.00M | $135.19M | $143.91M | $172.05M |
| Accounts Payable | $8.04M | $8.56M | $10.02M | $8.59M | $12.36M | $9.68M | $11.16M |
| Deferred Revenue | $2.48M | $1.42M | $891.00K | $2.28M | $1.89M | $1.63M | $1.36M |
| Total Current Liabilities | $19.06M | $18.46M | $23.52M | $22.54M | $27.62M | $28.79M | $26.89M |
| Other Non-current Liabilities | - | $4.66M | - | $8.00K | $8.00K | $8.00K | $8.00K |
| Total Liabilities | $45.91M | $43.75M | $56.18M | $53.66M | $59.75M | $63.62M | $66.67M |
| Common Stock | $826.13M | $825.62M | $825.23M | $826.34M | $825.95M | $825.12M | $807.61M |
| Retained Earnings | $-734.21M | $-728.70M | $-725.59M | $-711.63M | $-703.14M | $-697.46M | $-655.88M |
| Total Stockholders Equity | $45.16M | $50.17M | $52.27M | $67.33M | $75.44M | $80.29M | $105.39M |
| Total Liabilities & Equity | $91.07M | $93.91M | $108.44M | $121.00M | $135.19M | $143.91M | $172.05M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-5.51M | $-3.11M | $-13.96M | $-14.17M | $-5.68M | $-41.58M | $-33.78M |
| Depreciation & Amortization | $1.07M | $1.12M | $4.38M | $3.17M | $1.46M | $-1.65M | $6.50M |
| Stock-based Compensation | $506.00K | $399.00K | $149.00K | $1.26M | $848.00K | $456.00K | $4.98M |
| Change in Working Capital | $-139.00K | $-9.77M | $343.00K | $1.69M | $-315.00K | $9.84M | $3.08M |
| Change in Receivables | $-298.00K | $246.00K | $-1.38M | $-1.98M | $238.00K | $1.94M | $7.00K |
| Change in Inventory | $953.00K | $-4.14M | $300.00K | $3.22M | $3.05M | $3.83M | $2.16M |
| Change in Payables | $-483.00K | $-1.48M | $358.00K | $-1.07M | $2.89M | $708.00K | $-1.23M |
| Operating Cash Flow | $-1.81M | $9.34M | $-14.65M | $-12.69M | $-4.07M | $-7.20M | $-26.43M |
| Capital Expenditure | - | $-372.00K | $372.00K | $292.00K | $214.00K | $-170.00K | $2.03M |
| Acquisitions | - | - | - | - | - | - | $-96.00K |
| Investing Cash Flow | - | $-352.00K | $383.00K | $739.00K | $818.00K | $485.00K | $8.98M |
| Stock Issued | - | - | - | - | - | $18.81M | $15.44M |
| Financing Cash Flow | - | $-7.18M | $-3.46M | $-2.76M | $-2.28M | $12.88M | $11.52M |
| Net Change in Cash | $-1.81M | $1.81M | $-17.73M | $-14.72M | $-5.53M | $7.02M | $-5.93M |
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.