| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $643.0K | $941.0K | $3M | -31.7% | -74.7% |
| Op. Income | -$2M | -$2M | -$317.0K | -8.8% | -508.5% |
| Gross Margin | 28.5% | 32.4% | 68.6% | -4.0pp | -40.1pp |
| Net Margin | -307.9% | -202.0% | -20.1% | -105.9pp | -287.8pp |
| EPS (Diluted) | $-2.20 | $-2.10 | $-0.85 | -4.8% | -158.8% |
| Free Cash Flow | -$2M | -$1M | -$2M | -130.6% | 0.8% |
| Item | Amount |
|---|---|
| REVENUE | $643.0K |
| Cost of Revenue | $460.0K |
| GROSS PROFIT | $183.0K |
| R&D Expenses | $591.0K |
| Selling & Marketing | $789.0K |
| General & Administrative | $805.0K |
| SG&A Expenses | $2M |
| Other Expenses | -$73.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $27.0K |
| Other Income/Expenses | -$51.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2.0K |
| Stock-Based Compensation | $179.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $91.0K |
| Change in Working Capital | -$711.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$36.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $223.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $624.0K |
| Inventory | $3M |
| Other Current Assets | $377.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $169.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $842.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $7M |
| Account Payables | $724.0K |
| Short-Term Debt | $504.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $778.0K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $150.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $337.0K |
| TOTAL NON-CURRENT LIABILITIES | $487.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $53M |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $771.0K |
| Net Debt | -$683.0K |
