Total revenue increased by 12.1% to $46.0 million in 2025 from $41.0 million in 2024. 3D Printer and parts sales grew by 54.5% to $39.2 million in 2025 from $25.4 million in 2024. Bookings for 2025 were $59 million, up from $31 million in 2024, and backlog as of December 31, 2025, was $31 million, up from $16 million in 2024. The net loss for 2025 was $71.4 million, compared to $69.7 million in 2024, while operating losses improved to $54.9 million in 2025 from $78.8 million in 2024. Gross loss increased to $7.4 million (16.1% of revenue) in 2025 from $2.1 million (5.1% of revenue) in 2024. Substantial doubt exists about the company's ability to continue as a going concern due to insufficient liquidity to meet operating needs for at least 12 months. Material weaknesses were identified in internal control over financial reporting, particularly concerning stock-based compensation and equipment depreciation. The company completed several financing activities in late 2025 and early 2026, including a $20.1 million public offering, a $30 million private placement, and a $10 million equipment loan. Arun Jeldi, CEO, beneficially owned approximately 48.6% of outstanding common stock as of March 4, 2026, following debt-for-equity conversions.