$94.65M
Revenue
$-36.71M
Net Income
20.02%
Gross Margin
-41.95%
Op. Margin
$-57.32M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2020 (Dec 31, 2020) |
FY 2016 (Dec 31, 2016) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $94.65M | $106.66M | $23.87M | $7.60M | $9.02M | $8.77M | $8.59M |
| Revenue Growth % | -11.3% | 346.8% | 214.3% | -15.8% | 2.9% | 2.1% | nan% |
| Cost of Revenue | $75.70M | $82.44M | $16.36M | $4.89M | $5.74M | $5.60M | $5.13M |
| Gross Profit | $18.95M | $24.22M | $7.51M | $2.71M | $3.29M | $3.17M | $3.46M |
| Gross Margin % | 20.0% | 22.7% | 31.5% | 35.6% | 36.4% | 36.1% | 40.3% |
| Operating Expenses | $58.65M | $81.22M | $13.55M | $3.92M | $3.83M | $3.49M | $3.56M |
| Research & Development | $8.05M | $11.01M | $1.85M | $709.00K | $816.00K | $768.00K | $704.00K |
| Operating Income | $-39.70M | $-57.00M | $-6.03M | $-1.22M | $-542.00K | $-317.00K | $-94.00K |
| Operating Margin % | -41.9% | -53.4% | -25.3% | -16.0% | -6.0% | -3.6% | -1.1% |
| Interest Expense | $15.41M | $19.67M | $9.65M | - | - | - | - |
| Other Income/Expense | $-60.00K | $-4.70M | - | $77.00K | $60.00K | - | $-233.00K |
| Income Before Tax | $-39.76M | $-61.70M | $-33.41M | $-1.14M | $-657.00K | $-629.00K | $-327.00K |
| Income Tax Expense | $190.00K | $56.00K | $-23.79K | $-20.00K | $1.00K | $3.00K | $2.00K |
| Net Income | $-36.71M | $-56.20M | $-32.73M | $-1.12M | $-658.00K | $-632.00K | $-329.00K |
| Net Margin % | -38.8% | -52.7% | -137.1% | -14.8% | -7.3% | -7.2% | -3.8% |
| Basic EPS | -70.06 | -68.09 | nan | nan | nan | nan | -0.05 |
| Diluted EPS | nan | -68.09 | nan | nan | nan | nan | -0.05 |
| Basic Shares Outstanding | 38.8M | 903K | - | - | - | - | - |
| Diluted Shares Outstanding | 38.8M | 903K | - | - | - | - | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2020 (Dec 31, 2020) |
FY 2016 (Dec 31, 2016) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $4.55M | $18.68M | $996.00K | $2.11M | $1.70M | $1.82M |
| Accounts Receivable | $6.17M | $3.85M | $1.44M | $1.55M | $2.16M | $1.39M |
| Inventory | $1.82M | $3.37M | $1.12M | $1.65M | $1.75M | $2.01M |
| Other Current Assets | $3.24M | $2.99M | $285.00K | $178.00K | $167.00K | $139.00K |
| Total Current Assets | $58.41M | $34.35M | $3.84M | $5.49M | $5.77M | $5.36M |
| Property Plant & Equipment | $144.36M | $2.12M | $570.00K | $567.00K | $616.00K | $504.00K |
| Goodwill | - | $9.65M | - | - | - | - |
| Intangible Assets | $1.84M | $4.39M | - | $66.00K | $171.00K | $267.00K |
| Total Assets | $220.77M | $75.64M | $5.47M | $6.34M | $6.98M | $6.93M |
| Accounts Payable | - | - | $1.23M | $1.06M | $1.11M | $870.00K |
| Other Current Liabilities | - | $1.79M | $398.00K | $345.00K | $445.00K | $419.00K |
| Total Current Liabilities | $215.50M | $21.88M | $1.88M | $1.90M | $1.93M | $1.41M |
| Total Liabilities | $218.68M | $26.51M | $1.91M | - | - | - |
| Common Stock | - | - | - | - | - | - |
| Retained Earnings | $-628.95M | $-121.40M | $-12.16M | $-9.94M | $-9.28M | $-8.65M |
| Treasury Stock | $30.57M | - | - | - | - | - |
| Total Stockholders Equity | $8.64M | $48.31M | $3.56M | $4.44M | $5.05M | $5.53M |
| Total Liabilities & Equity | $220.77M | $75.64M | $5.47M | $6.34M | $6.98M | $6.93M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2020 (Dec 31, 2020) |
FY 2016 (Dec 31, 2016) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|
| Net Income | $-36.71M | $-56.20M | $-32.73M | $-1.12M | $-658.00K | $-632.00K | $-329.00K |
| Depreciation & Amortization | $34.71M | $24.44M | - | - | - | - | - |
| Stock-based Compensation | $697.00K | $3.26M | $1.11M | $543.00K | $246.00K | $106.00K | $132.00K |
| Change in Receivables | $4.13M | $-316.00K | $641.09K | $311.00K | $581.00K | $750.00K | $-472.00K |
| Change in Inventory | $-708.00K | $36.00K | $-183.33K | $-209.00K | $-49.00K | $-238.00K | $-355.00K |
| Change in Payables | - | - | - | $322.00K | $-221.00K | $365.00K | $-427.00K |
| Operating Cash Flow | $-45.01M | $-19.41M | $-11.18M | - | $669.00K | $71.00K | $197.00K |
| Capital Expenditure | $12.31M | $4.83M | $582.09K | $85.00K | $119.00K | $216.00K | $154.00K |
| Acquisitions | - | - | $3.63M | - | - | - | - |
| Purchases of Investments | - | - | $2.12M | $1.03M | - | - | - |
| Investing Cash Flow | $-1.40M | $3.19M | $-7.78M | - | $-119.00K | $-216.00K | $-154.00K |
| Stock Repurchased | - | - | - | - | $90.00K | - | $14.00K |
| Dividends Paid | $13.84M | $5.28M | $17.62K | - | - | - | - |
| Financing Cash Flow | $79.98M | $25.85M | $37.28M | - | $-90.00K | - | $-14.00K |
| Net Change in Cash | - | - | $18.20M | $-245.00K | $414.00K | $-125.00K | $44.00K |
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 | $24.33M | $31.06M | $75.20M | $87.22M |
| Cost of Revenue | $18.06M | $22.52M | $57.53M | $64.27M |
| Gross Profit | $6.26M | $8.54M | $17.68M | $22.95M |
| Operating Expenses | $20.32M | $33.14M | $48.24M | $70.81M |
| Research & Development | $1.60M | $4.60M | $1.85M | $4.81M |
| Operating Income | $-14.06M | $-24.59M | $-30.57M | $-47.87M |
| Interest Expense | $3.06M | $7.77M | $14.57M | $18.82M |
| Other Income/Expense | $726.00K | $-7.21M | $-4.89M | $-9.53M |
| Income Before Tax | $-13.33M | $-31.80M | $-35.46M | $-57.40M |
| Income Tax Expense | $251.00K | $52.00K | $181.00K | $47.00K |
| Net Income | $-13.01M | $-25.55M | $-36.27M | $-55.76M |
| Basic EPS | -0.39 | -24.82 | -2.41 | -72.22 |
| Diluted EPS | -0.39 | -24.82 | -2.41 | -72.22 |
| Basic Shares Outstanding | $38.80M | $1.08M | $17.68M | $826.00K |
| Diluted Shares Outstanding | $38.80M | $1.08M | $17.68M | $826.00K |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $24.84M | $4.55M |
| Accounts Receivable | $6.69M | $6.17M |
| Inventory | $1.74M | $1.82M |
| Other Current Assets | $3.96M | $3.24M |
| Total Current Assets | $90.48M | $58.41M |
| Property Plant & Equipment | $131.65M | $144.36M |
| Intangible Assets | $1.59M | $1.84M |
| Total Assets | $242.39M | $220.77M |
| Total Current Liabilities | $179.84M | $215.50M |
| Total Liabilities | $184.66M | $218.68M |
| Retained Earnings | $-702.21M | $-628.95M |
| Treasury Stock | - | $30.57M |
| Total Stockholders Equity | $55.91M | $8.64M |
| Total Liabilities & Equity | $242.39M | $220.77M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-13.01M | $-25.55M | $-36.27M | $-55.76M |
| Depreciation & Amortization | - | - | $14.75M | $19.65M |
| Stock-based Compensation | - | - | $179.00K | $2.94M |
| Change in Receivables | - | - | $571.00K | $342.00K |
| Change in Inventory | - | - | $-50.00K | $42.00K |
| Operating Cash Flow | - | - | $-24.81M | $-10.22M |
| Capital Expenditure | - | - | $6.08M | $4.76M |
| Investing Cash Flow | - | - | $-12.93M | $-11.85M |
| Dividends Paid | - | - | $6.33M | $3.89M |
| Financing Cash Flow | - | - | $60.40M | $22.59M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.