| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $13M | $8M | 36.1% | 142.1% |
| Op. Income | -$1M | -$2M | -$2M | 26.0% | 45.3% |
| Gross Margin | 39.2% | 40.1% | 41.7% | -0.9pp | -2.5pp |
| Net Margin | -3.5% | -7.6% | -19.4% | 4.1pp | 15.9pp |
| EPS (Diluted) | $-0.02 | $-0.03 | $-0.05 | 37.8% | 57.6% |
| Free Cash Flow | -$3M | -$6M | -$3M | 47.4% | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $7M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$1M |
| Interest Income | $270.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $245.0K |
| INCOME BEFORE TAX | -$874.0K |
| Income Tax Expense | -$231.0K |
| Net Income from Continuing Ops | -$643.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$643.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$643.0K |
| D&A | $909.0K |
| EBIT | -$874.0K |
| EBITDA | $35.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$643.0K |
| Depreciation & Amortization | $909.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$203.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$460.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$177.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $42M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $92M |
| PP&E (Net) | $13M |
| Goodwill | $11M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $453.0K |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $146M |
| Account Payables | $7M |
| Short-Term Debt | $1M |
| Deferred Revenue | $239.0K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $26.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $298.0K |
| Additional Paid-In Capital | $144M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$181.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $6M |
| Net Debt | -$24M |
