| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $3M | 12.5% | -3.3% |
| Op. Income | -$702.5K | -$611.3K | -$1M | -14.9% | 47.5% |
| Gross Margin | 14.8% | 16.3% | 12.4% | -1.4pp | 2.4pp |
| Net Margin | -27.9% | -27.3% | -51.1% | -0.6pp | 23.3pp |
| EPS (Diluted) | $-0.39 | $-0.34 | $-0.75 | -14.7% | 48.0% |
| Free Cash Flow | -$1M | -$759.4K | -$2M | -63.1% | 23.6% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $377.7K |
| R&D Expenses | $14.9K |
| Selling & Marketing | -$551.6K |
| General & Administrative | $445.7K |
| SG&A Expenses | -$105.9K |
| Other Expenses | $1M |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$702.5K |
| Interest Income | $20.8K |
| Interest Expense | $0 |
| Other Income/Expenses | -$6.5K |
| INCOME BEFORE TAX | -$709.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$709.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$709.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$709.0K |
| D&A | $43.4K |
| EBIT | -$709.0K |
| EBITDA | -$665.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$709.0K |
| Depreciation & Amortization | $43.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $148.3K |
| Change in Working Capital | -$715.9K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$5.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.1K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$15.9K |
| NET CASH FROM INVESTING | $990.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $34.2K |
| NET CASH FROM FINANCING | $34.2K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$164.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $1M |
| Other Current Assets | $98.9K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $237.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $8M |
| Account Payables | $184.6K |
| Short-Term Debt | $56.8K |
| Deferred Revenue | $11.3K |
| Other Current Liabilities | $425.4K |
| TOTAL CURRENT LIABILITIES | $678.0K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $126.9K |
| TOTAL LIABILITIES | $805.0K |
| Common Stock | $17M |
| Additional Paid-In Capital | -$5M |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$112.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $183.7K |
| Net Debt | -$3M |
