Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 -1055.4% Operating margin3 -65.7% Revenue growth, 20243 Where the money goes Where each dollar of revenue went, fiscal 2024 Research and development
Research and development 100¢ $777.9K Out of $311.9K in revenue.3 The company lost money this year.
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 3 $311.9K in 20240 $250.0K $500.0K $750.0K $1.0M 2020: $0 $0 2020 2023: $909.2K $909.2K 2023 2024: $311.9K $311.9K 2024 −66% Gross profit3 $613.6K in 2024−33% since 2023 0 $250.0K $500.0K $750.0K $1.0M 2023: $909.2K $909.2K 2023 2024: $613.6K $613.6K 2024 −33% Operating income4 5 6 3 -$3.3M in 2024-$8.0M -$6.0M -$4.0M -$2.0M 0 2020: $0 $0 2020 2021: -$131.8K -$131.8K 2021 2022: -$148.6K -$148.6K 2022 +13% 2023: -$6.6M -$6.6M 2023 +4331% 2024: -$3.3M -$3.3M 2024 −50% Net income4 6 3 -$3.6M in 2024-$8.0M -$6.0M -$4.0M -$2.0M 0 2020: $0 $0 2020 2021: -$131.8K -$131.8K 2021 2022: -$148.6K -$148.6K 2022 +13% 2023: -$6.6M -$6.6M 2023 +4332% 2024: -$3.6M -$3.6M 2024 −46%
Operating income7 8 -$329.8K in Q3 FY2024-$400.0K -$200.0K 0 $200.0K $400.0K Q2 FY2024: $214.2K $214.2K Q2 FY2024 Q3 FY2024: -$329.8K -$329.8K Q3 FY2024 Net income7 8 -$433.3K in Q3 FY2024−37% since Q2 FY2024 -$750.0K -$500.0K -$250.0K 0 $250.0K Q2 FY2024: -$686.0K -$686.0K Q2 FY2024 Q3 FY2024: -$686.0K -$686.0K Q3 FY2024 +0% Q2 FY2024: $213.3K $213.3K Q2 FY2024 Q3 FY2024: $213.3K $213.3K Q3 FY2024 +0% Q3 FY2024: -$433.3K -$433.3K Q3 FY2024
Fiscal year 2017 2019 2020 2021 2022 2023 2024 Revenue $04 $909.2K3 $311.9K3 Gross profit $909.2K3 $613.6K3 Research and development $03 $777.9K3 Selling, general and admin $75.0K6 $90.0K6 Operating income $04 -$131.8K5 -$148.6K6 -$6.6M3 -$3.3M3 Interest Income tax $04 Net income $04 -$131.8K6 -$148.6K6 -$6.6M3 -$3.6M3 Earnings per share -$0.015 $0.016 -$0.103 -$0.033 Earnings per share (diluted) -$0.103 -$0.033
Total assets3 $902.2K in 2024−58% since 2023 0 $1.0M $2.0M $3.0M 2023: $2.2M $2.2M 2023 2024: $902.2K $902.2K 2024 −58% Total liabilities5 6 3 $1.4M in 2024+5373% since 2021 0 $500.0K $1.0M $1.5M 2021: $26.0K $26.0K 2021 2022: $174.6K $174.6K 2022 +571% 2023: $358.1K $358.1K 2023 +105% 2024: $1.4M $1.4M 2024 +298% Shareholders’ equity4 6 3 -$521.4K in 2024-$1.0M 0 $1.0M $2.0M 2019: $0 $0 2019 2020: $0 $0 2020 2021: -$26.0K -$26.0K 2021 2022: -$174.6K -$174.6K 2022 +571% 2023: $1.8M $1.8M 2023 2024: -$521.4K -$521.4K 2024 Cash4 6 $1.4M in 20230 $500.0K $1.0M $1.5M 2019: $0 $0 2019 2020: $0 $0 2020 2023: $1.4M $1.4M 2023
Total assets7 8 $7.6M in Q3 FY2024+0% since Q2 FY2024 0 $2.0M $4.0M $6.0M $8.0M Q2 FY2024: $7.6M $7.6M Q2 FY2024 Q3 FY2024: $7.6M $7.6M Q3 FY2024 +0% Total liabilities7 8 $506.9K in Q3 FY2024+12% since Q2 FY2024 0 $200.0K $400.0K $600.0K Q2 FY2024: $453.3K $453.3K Q2 FY2024 Q3 FY2024: $506.9K $506.9K Q3 FY2024 +12% Shareholders’ equity7 8 $7.1M in Q3 FY2024+4% since Q2 FY2024 0 $2.0M $4.0M $6.0M $8.0M Q2 FY2024: $6.8M $6.8M Q2 FY2024 Q3 FY2024: $6.8M $6.8M Q3 FY2024 +0% Q2 FY2024: $7.1M $7.1M Q2 FY2024 +5% Q3 FY2024: $7.1M $7.1M Q3 FY2024 +0% Q3 FY2024: $7.1M $7.1M Q3 FY2024 −0% Cash7 8 $12.2K in Q3 FY2024−87% since Q2 FY2024 0 $25.0K $50.0K $75.0K $100.0K Q2 FY2024: $95.1K $95.1K Q2 FY2024 Q3 FY2024: $12.2K $12.2K Q3 FY2024 −87%
Fiscal year 2017 2019 2020 2021 2022 2023 2024 Cash $04 $04 $1.4M6 Current assets $04 $1.4M3 $420.9K3 Total assets $2.2M3 $902.2K3 Current liabilities $04 $26.0K5 $174.6K6 $358.1K3 $1.4M3 Total liabilities $26.0K5 $174.6K6 $358.1K3 $1.4M3 Shareholders’ equity $04 $04 -$26.0K6 -$174.6K3 $1.8M3 -$521.4K3 Shares outstanding 10.3M shares9 10.3M shares10 10.3M shares5 10.3M shares6 126.2M shares3 129.6M shares3
Cash from operations4 5 3 -$2.5M in 2024-$6.0M -$4.0M -$2.0M 0 2020: $0 $0 2020 2021: -$21.9K -$21.9K 2021 2023: -$4.4M -$4.4M 2023 +20167% 2024: -$2.5M -$2.5M 2024 −45%
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2017 2019 2020 2021 2022 2023 2024 Cash from operations $04 -$21.9K5 -$4.4M3 -$2.5M3 Capital spending $1.6K3 Free cash flow -$4.4M
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Recent filings
Jul 27, 2026 8-K Jun 11, 2026 8-K Jun 10, 2026 10-K Feb 9, 2026 8-K Nov 26, 2025 8-K Oct 16, 2025 8-K Feb 12, 2025 8-K Feb 12, 2025 8-K Jan 30, 2025 8-K Jan 22, 2025 8-K Nov 25, 2024 8-K Sep 23, 2024 10-Q Sep 19, 2024 8-K Sep 19, 2024 8-K Sep 11, 2024 10-Q
Every filing from the last three years, summarized . The full record is on SEC EDGAR.1