$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $24.33M | $25.86M | $25.02M | $19.44M | $31.06M | $28.40M |
| Revenue Growth % (YoY) | -21.7% | -9.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $18.06M | $19.73M | $19.74M | $18.17M | $22.52M | $29.03M |
| Gross Profit | $6.26M | $6.13M | $5.28M | $1.27M | $8.54M | $-628.00K |
| Gross Margin % | 25.8% | 23.7% | 21.1% | 6.5% | 27.5% | -2.2% |
| Operating Expenses | $20.32M | $16.25M | $11.67M | $10.41M | $33.14M | $26.30M |
| Research & Development | $1.60M | $112.00K | $129.00K | $6.20M | $4.60M | $852.00K |
| Operating Income | $-14.06M | $-10.13M | $-6.38M | $-9.13M | $-24.59M | $-26.93M |
| Operating Margin % | -57.8% | -39.2% | -25.5% | -47.0% | -79.2% | -94.8% |
| Interest Expense | $3.06M | $7.66M | $3.84M | $846.00K | $7.77M | $5.38M |
| Other Income/Expense | $726.00K | $-7.34M | $1.72M | $4.83M | $-7.21M | $-12.83M |
| Income Before Tax | $-13.33M | $-17.47M | $-4.66M | $-4.30M | $-31.80M | $-39.76M |
| Income Tax Expense | $251.00K | $-129.00K | $59.00K | $9.00K | $52.00K | $24.00K |
| Net Income | $-13.01M | $-19.05M | $-4.21M | $-445.00K | $-25.55M | $-33.93M |
| Net Margin % | -53.5% | -73.7% | -16.8% | -2.3% | -82.3% | -119.4% |
| Basic EPS | -0.39 | -2.66 | -0.98 | -66.03 | -0.71 | -1.08 |
| Diluted EPS | -0.39 | -2.66 | nan | -66.03 | -0.71 | -1.08 |
| Basic Shares Outstanding | 38.8M | 8.0M | 6.3M | -28.0M | 37.9M | 32.6M |
| Diluted Shares Outstanding | 38.8M | 8.0M | 6.3M | -28.0M | 37.9M | 32.6M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $24.84M | $5.92M | $4.24M | $4.55M | $7.19M | $9.55M |
| Short-term Investments | - | - | - | - | $687.00K | $33.00K |
| Accounts Receivable | $6.69M | $7.31M | $9.15M | $6.17M | $6.82M | $13.21M |
| Inventory | $1.74M | $1.50M | $1.46M | $1.82M | $1.82M | $7.50M |
| Other Current Assets | $3.96M | $2.56M | $2.45M | $3.24M | $4.24M | $8.29M |
| Total Current Assets | $90.48M | $62.01M | $58.86M | $58.41M | $44.98M | $47.21M |
| Property Plant & Equipment | $131.65M | $135.84M | $141.24M | $144.36M | $160.87M | $180.77M |
| Goodwill | - | - | - | - | $295.00K | $5.92M |
| Intangible Assets | $1.59M | $1.65M | $1.72M | $1.84M | $3.68M | $5.32M |
| Total Assets | $242.39M | $213.50M | $218.55M | $220.77M | $231.49M | $270.78M |
| Total Current Liabilities | $179.84M | $201.37M | $207.94M | $215.50M | $196.44M | $209.61M |
| Total Liabilities | $184.66M | $205.60M | $211.76M | $218.68M | $228.44M | $243.70M |
| Retained Earnings | $-702.21M | $-686.96M | $-665.69M | $-628.95M | $-627.12M | $-600.28M |
| Treasury Stock | - | - | - | $30.57M | $30.57M | $30.57M |
| Total Stockholders Equity | $55.91M | $5.51M | $6.31M | $8.64M | $2.73M | $26.72M |
| Total Liabilities & Equity | $242.39M | $213.50M | $218.55M | $220.77M | $231.49M | $270.78M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-13.01M | $-19.05M | $-4.21M | $-445.00K | $-55.76M | $-30.21M |
| Depreciation & Amortization | $14.75M | $9.98M | $5.20M | $4.78M | $19.65M | $12.14M |
| Stock-based Compensation | $179.00K | $135.00K | $67.00K | $316.00K | $2.94M | $815.00K |
| Change in Receivables | $571.00K | $1.20M | $3.02M | $-658.00K | $342.00K | $2.37M |
| Change in Inventory | $-50.00K | $-293.00K | $-359.00K | $-6.00K | $42.00K | $-925.00K |
| Operating Cash Flow | $-24.81M | $-7.05M | $-3.96M | $-9.19M | $-10.22M | $-13.93M |
| Capital Expenditure | $6.08M | $3.28M | $2.88M | $66.00K | $4.76M | $3.90M |
| Investing Cash Flow | $-12.93M | $-2.33M | $-1.17M | $15.03M | $-11.85M | $-3.79M |
| Dividends Paid | $6.33M | $4.16M | $1.97M | $1.38M | $3.89M | $2.57M |
| Financing Cash Flow | $60.40M | $11.61M | $4.71M | $3.26M | $22.59M | $18.82M |
| Net Change in Cash | - | - | - | - | - | $1.45M |
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.