$94.65M
Revenue
$-36.71M
Net Income
20.02%
Gross Margin
-41.95%
Op. Margin
$-57.32M
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) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $24.33M | $25.86M | $25.02M | $19.44M | $31.06M | $28.40M | $44.93M | $47.96M | $47.41M | $31.19M | $-30.79M |
| Revenue Growth % (YoY) | -21.7% | -9.0% | -44.3% | nan% | -35.2% | -40.1% | 44.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $18.06M | $19.73M | $19.74M | $18.17M | $22.52M | $29.03M | $25.42M | $38.30M | $29.52M | $29.15M | $5.27M |
| Gross Profit | $6.26M | $6.13M | $5.28M | $1.27M | $8.54M | $-628.00K | $19.51M | $9.67M | $17.89M | $2.04M | $-36.06M |
| Gross Margin % | 25.8% | 23.7% | 21.1% | 6.5% | 27.5% | -2.2% | 43.4% | 20.2% | 37.7% | 6.5% | 117.1% |
| Operating Expenses | $20.32M | $16.25M | $11.67M | $10.41M | $33.14M | $26.30M | $19.11M | $31.57M | $68.39M | $33.46M | $13.81M |
| Research & Development | $1.60M | $112.00K | $129.00K | $6.20M | $4.60M | $852.00K | $1.07M | $1.77M | $1.80M | $1.84M | $524.00K |
| Operating Income | $-14.06M | $-10.13M | $-6.38M | $-9.13M | $-24.59M | $-26.93M | $397.00K | $-21.90M | $-50.51M | $-31.42M | $-49.87M |
| Operating Margin % | -57.8% | -39.2% | -25.5% | -47.0% | -79.2% | -94.8% | 0.9% | -45.7% | -106.5% | -100.7% | 162.0% |
| Interest Expense | $3.06M | $7.66M | $3.84M | $846.00K | $7.77M | $5.38M | $4.90M | $4.41M | $15.93M | $13.73M | $140.00K |
| Other Income/Expense | $726.00K | $-7.34M | $1.72M | $4.83M | $-7.21M | $-12.83M | $11.32M | $-6.17M | $-12.38M | $-17.67M | - |
| Income Before Tax | $-13.33M | $-17.47M | $-4.66M | $-4.30M | $-31.80M | $-39.76M | $11.72M | $-28.07M | $-62.88M | $-49.09M | $-46.14M |
| Income Tax Expense | $251.00K | $-129.00K | $59.00K | $9.00K | $52.00K | $24.00K | $-44.00K | $-565.00K | $1.37M | $-263.00K | $-3.37M |
| Net Income | $-13.01M | $-19.05M | $-4.21M | $-445.00K | $-25.55M | $-33.93M | $3.72M | $-21.77M | $-60.68M | $-48.65M | $-42.87M |
| Net Margin % | -53.5% | -73.7% | -16.8% | -2.3% | -82.3% | -119.4% | 8.3% | -45.4% | -128.0% | -156.0% | 139.2% |
| Basic EPS | -0.39 | -2.66 | -0.98 | -66.03 | -0.71 | -1.08 | 0.15 | nan | -50.08 | -41.24 | -0.73 |
| Diluted EPS | -0.39 | -2.66 | nan | -66.03 | -0.71 | -1.08 | 0.09 | nan | -50.08 | -41.24 | -0.73 |
| Basic Shares Outstanding | 38.8M | 8.0M | 6.3M | -28.0M | 37.9M | 32.6M | 16.1M | 5.6M | 1.2M | - | 59.0M |
| Diluted Shares Outstanding | 38.8M | 8.0M | 6.3M | -28.0M | 37.9M | 32.6M | 36.5M | 5.6M | 1.2M | - | 59.0M |
| 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) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $24.84M | $5.92M | $4.24M | $4.55M | $7.19M | $9.55M | $9.43M | $8.74M | $19.70M | $9.17M | $44.05M |
| Short-term Investments | - | - | - | - | $687.00K | $33.00K | $9.43M | $72.00K | $653.00K | $1.37M | - |
| Accounts Receivable | $6.69M | $7.31M | $9.15M | $6.17M | $6.82M | $13.21M | $11.58M | $24.65M | $13.53M | $14.48M | $5.12M |
| Inventory | $1.74M | $1.50M | $1.46M | $1.82M | $1.82M | $7.50M | $7.60M | $22.48M | $21.00M | $20.20M | $3.84M |
| Other Current Assets | $3.96M | $2.56M | $2.45M | $3.24M | $4.24M | $8.29M | $8.04M | $8.71M | $16.75M | $16.18M | $7.99M |
| Total Current Assets | $90.48M | $62.01M | $58.86M | $58.41M | $44.98M | $47.21M | $144.77M | $169.33M | $76.86M | $186.63M | $113.97M |
| Property Plant & Equipment | $131.65M | $135.84M | $141.24M | $144.36M | $160.87M | $180.77M | $103.99M | $132.04M | $227.86M | $235.14M | $29.55M |
| Goodwill | - | - | - | - | $295.00K | $5.92M | $6.01M | $8.97M | $9.16M | $27.81M | $9.61M |
| Intangible Assets | $1.59M | $1.65M | $1.72M | $1.84M | $3.68M | $5.32M | $5.48M | $16.98M | $17.29M | $34.54M | $4.07M |
| Total Assets | $242.39M | $213.50M | $218.55M | $220.77M | $231.49M | $270.78M | $299.78M | $378.46M | $378.39M | $526.91M | $225.72M |
| Other Current Liabilities | - | - | - | - | - | - | - | - | - | - | $3.61M |
| Total Current Liabilities | $179.84M | $201.37M | $207.94M | $215.50M | $196.44M | $209.61M | $198.24M | $214.41M | $146.83M | $224.56M | $20.03M |
| Total Liabilities | $184.66M | $205.60M | $211.76M | $218.68M | $228.44M | $243.70M | $233.97M | $257.22M | $254.94M | $336.56M | $24.74M |
| Retained Earnings | $-702.21M | $-686.96M | $-665.69M | $-628.95M | $-627.12M | $-600.28M | $-565.03M | $-467.09M | $-444.37M | $-378.63M | $-120.07M |
| Treasury Stock | - | - | - | $30.57M | $30.57M | $30.57M | $30.57M | $30.54M | $29.92M | $29.43M | - |
| Total Stockholders Equity | $55.91M | $5.51M | $6.31M | $8.64M | $2.73M | $26.72M | $58.95M | $89.56M | $97.65M | $166.08M | $199.48M |
| Total Liabilities & Equity | $242.39M | $213.50M | $218.55M | $220.77M | $231.49M | $270.78M | $299.78M | $378.46M | $378.39M | $526.91M | $225.72M |
| 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) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-13.01M | $-19.05M | $-4.21M | $-445.00K | $-55.76M | $-30.21M | $3.72M | $-21.77M | $-109.33M | $-48.65M | $-42.87M |
| Depreciation & Amortization | $14.75M | $9.98M | $5.20M | $4.78M | $19.65M | $12.14M | $5.93M | $20.81M | $14.38M | $6.16M | - |
| Stock-based Compensation | $179.00K | $135.00K | $67.00K | $316.00K | $2.94M | $815.00K | $577.00K | $2.58M | $6.61M | $4.55M | $4.73M |
| Change in Receivables | $571.00K | $1.20M | $3.02M | $-658.00K | $342.00K | $2.37M | $995.00K | $5.58M | $-6.09M | $-5.14M | $1.27M |
| Change in Inventory | $-50.00K | $-293.00K | $-359.00K | $-6.00K | $42.00K | $-925.00K | $-775.00K | $456.00K | $-1.12M | $-1.92M | $492.00K |
| Operating Cash Flow | $-24.81M | $-7.05M | $-3.96M | $-9.19M | $-10.22M | $-13.93M | $-10.22M | $-2.16M | $12.91M | $7.70M | $-56.91M |
| Capital Expenditure | $6.08M | $3.28M | $2.88M | $66.00K | $4.76M | $3.90M | $882.00K | $8.73M | $11.35M | $7.02M | $28.14M |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | - | $4.99M |
| Investing Cash Flow | $-12.93M | $-2.33M | $-1.17M | $15.03M | $-11.85M | $-3.79M | $-1.73M | $-22.87M | $-18.87M | $-2.77M | $-68.73M |
| Dividends Paid | $6.33M | $4.16M | $1.97M | $1.38M | $3.89M | $2.57M | $1.26M | $963.00K | $550.00K | $229.00K | $13.00K |
| Financing Cash Flow | $60.40M | $11.61M | $4.71M | $3.26M | $22.59M | $18.82M | $13.04M | $23.77M | $12.79M | $-8.10M | $151.08M |
| Net Change in Cash | - | - | - | - | - | $1.45M | $1.67M | $-1.56M | $6.74M | $-2.98M | $25.37M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.