| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $2M | 13.9% | -38.5% |
| Op. Income | -$2M | -$3M | -$2M | 8.9% | -16.2% |
| Gross Margin | 27.0% | 19.9% | 38.7% | 7.1pp | -11.7pp |
| Net Margin | -349.3% | -319.9% | -85.1% | -29.4pp | -264.2pp |
| EPS (Diluted) | $-4.74 | $-5.07 | $-4.80 | 6.5% | 1.3% |
| Free Cash Flow | -$2M | -$3M | -$2M | 6.9% | -44.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $390.5K |
| R&D Expenses | $473.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $1.1K |
| Interest Expense | $5.4K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $3.2K |
| 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 | $113.4K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $113.4K |
| Stock-Based Compensation | $67.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$357.2K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $3.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3.6K |
| Net Debt Issuance | $43.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $449.0K |
| Inventory | $35.2K |
| Other Current Assets | $460.2K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $784.1K |
| Goodwill | $1M |
| Intangible Assets | $731.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.8K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $12M |
| Account Payables | $940.8K |
| Short-Term Debt | $136.4K |
| Deferred Revenue | $37.9K |
| Other Current Liabilities | $984.5K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $43.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $284.6K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $24.3K |
| Additional Paid-In Capital | $74M |
| Retained Earnings | -$65M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $680.9K |
| Net Debt | -$7M |
