| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $60M | $53M | -2.9% | 9.5% |
| Op. Income | $303.0K | $3M | -$3M | -90.1% | 110.5% |
| Gross Margin | 44.7% | 48.0% | 42.7% | -3.3pp | 1.9pp |
| Net Margin | 0.3% | 5.2% | -5.4% | -4.9pp | 5.7pp |
| EPS (Diluted) | $0.01 | $0.24 | $-0.23 | -94.6% | 105.6% |
| Free Cash Flow | $4M | -$7M | $9M | 159.6% | -56.2% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $26M |
| R&D Expenses | $2M |
| Selling & Marketing | $15M |
| General & Administrative | $9M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $303.0K |
| Interest Income | $0 |
| Interest Expense | $123.0K |
| Other Income/Expenses | -$76.0K |
| INCOME BEFORE TAX | $227.0K |
| Income Tax Expense | $58.0K |
| Net Income from Continuing Ops | $169.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169.0K |
| D&A | $3M |
| EBIT | $350.0K |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $26M |
| R&D Expenses | $2M |
| Selling & Marketing | $15M |
| General & Administrative | $9M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $303.0K |
| Interest Income | $0 |
| Interest Expense | $123.0K |
| Other Income/Expenses | -$76.0K |
| INCOME BEFORE TAX | $227.0K |
| Income Tax Expense | $58.0K |
| Net Income from Continuing Ops | $169.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169.0K |
| D&A | $3M |
| EBIT | $350.0K |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $169.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $887.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| 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 | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $116M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $258.0K |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $246M |
| Account Payables | $18M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$762.0K |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $67M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$74M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $252M |
| TOTAL STOCKHOLDERS' EQUITY | $179M |
| Minority Interest | $0 |
| TOTAL EQUITY | $179M |
| TOTAL LIABILITIES & EQUITY | $246M |
| Total Debt | $34M |
| Net Debt | $17M |
