| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $11M | -18.2% | -49.6% |
| Op. Income | -$5M | -$4M | $1M | -9.1% | -480.0% |
| Gross Margin | -0.5% | 20.3% | 10.7% | -20.8pp | -11.2pp |
| Net Margin | -84.1% | -60.5% | 11.3% | -23.7pp | -95.4pp |
| EPS (Diluted) | $-0.28 | $-0.28 | $0.09 | 0.0% | -417.5% |
| Free Cash Flow | -$4M | -$1M | -$3M | -285.2% | -33.0% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$28.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$5M |
| Interest Income | $14.0K |
| Interest Expense | $7.0K |
| Other Income/Expenses | $2.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $347.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | $451.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $435.0K |
| Net Debt Issuance | $30.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$66.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $11M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $122.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $45M |
| Account Payables | $6M |
| Short-Term Debt | $577.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $765.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$129M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$171.0K |
| Other Equity | $156M |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $45M |
| Total Debt | $1M |
| Net Debt | -$2M |
