| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $10M | $18M | 4.3% | -43.7% |
| Op. Income | -$4M | -$5M | -$1M | 13.1% | -277.9% |
| Gross Margin | 32.7% | 25.7% | 39.2% | 6.9pp | -6.6pp |
| Net Margin | -31.1% | -32.7% | -3.5% | 1.6pp | -27.5pp |
| EPS (Diluted) | $-0.10 | $-0.11 | $-0.02 | 9.1% | -363.0% |
| Free Cash Flow | -$3M | -$2M | -$3M | -58.0% | 10.2% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$4M |
| Interest Income | $240.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $228.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$798.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $0 |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $860.0K |
| Stock-Based Compensation | -$287.0K |
| Deferred Income Tax | -$807.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$74.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$454.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $41M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $96M |
| PP&E (Net) | $18M |
| Goodwill | $11M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $22M |
| Other Non-Current Assets | $331.0K |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $157M |
| Account Payables | $2M |
| Short-Term Debt | $606.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $53.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $310.0K |
| Additional Paid-In Capital | $170M |
| Retained Earnings | -$32M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$84.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $139M |
| Minority Interest | $0 |
| TOTAL EQUITY | $139M |
| TOTAL LIABILITIES & EQUITY | $157M |
| Total Debt | $10M |
| Net Debt | -$27M |
