| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $0 | 71.4% | — |
| Op. Income | -$5M | -$6M | -$2M | 7.6% | -166.9% |
| Gross Margin | 77.9% | 67.8% | — | 10.1pp | — |
| Net Margin | -46.4% | -632.7% | — | 586.3pp | — |
| EPS (Diluted) | $-0.08 | $-0.65 | $-0.31 | 87.4% | 73.7% |
| Free Cash Flow | -$5M | -$6M | -$2M | 11.8% | -242.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $628.1K |
| GROSS PROFIT | $2M |
| R&D Expenses | $573.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | -$4.6K |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$5M |
| Interest Income | $377.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $12.6K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $12.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$75.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$75.3K |
| Net Debt Issuance | $2.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$123 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $4M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $396.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $202.8K |
| TOTAL NON-CURRENT ASSETS | $599.6K |
| TOTAL ASSETS | $46M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $301.2K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $102M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.3K |
| Other Equity | $22M |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $46M |
| Total Debt | $0 |
| Net Debt | -$35M |
