| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $16M | $14M | 13.8% | 31.6% |
| Op. Income | $2M | -$2M | -$2M | 242.8% | 251.6% |
| Gross Margin | 69.4% | 66.5% | 73.9% | 2.9pp | -4.5pp |
| Net Margin | 21.6% | 4.9% | -20.6% | 16.8pp | 42.2pp |
| EPS (Diluted) | $0.21 | $-0.26 | $-0.52 | 180.8% | 140.4% |
| Free Cash Flow | -$7M | $3M | -$254.0K | -325.0% | -2468.5% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $162.0K |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $920.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $900.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$122.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $54.0K |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $162.0K |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $920.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $900.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$122.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $54.0K |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $139.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$69.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$69.0K |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $124M |
| Account Payables | $12M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $89M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $349M |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $23M |
| Net Debt | $4M |
