| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697.0K | $518.8K | $647.8K | 34.4% | 7.6% |
| Op. Income | -$438.9K | -$1M | -$734.2K | 61.6% | 40.2% |
| Gross Margin | 53.5% | 31.9% | 54.3% | 21.6pp | -0.8pp |
| Net Margin | -103.4% | -244.7% | -120.5% | 141.3pp | 17.1pp |
| EPS (Diluted) | $-0.19 | $-0.35 | $-0.22 | 45.7% | 13.6% |
| Free Cash Flow | -$955.9K | -$1M | $5.8K | 9.0% | -16440.0% |
| Item | Amount |
|---|---|
| REVENUE | $697.0K |
| Cost of Revenue | $324.1K |
| GROSS PROFIT | $372.9K |
| R&D Expenses | $106.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $705.1K |
| Other Expenses | $0 |
| Operating Expenses | $811.7K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$438.9K |
| Interest Income | $0 |
| Interest Expense | $375.7K |
| Other Income/Expenses | -$281.7K |
| INCOME BEFORE TAX | -$720.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$720.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$720.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$720.6K |
| D&A | $1.2K |
| EBIT | -$344.9K |
| EBITDA | -$343.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$720.6K |
| Depreciation & Amortization | $1.2K |
| Stock-Based Compensation | $40.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $227.9K |
| Change in Working Capital | -$504.8K |
| OPERATING CASH FLOW | -$955.9K |
| 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 | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24.9K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$955.9K |
| Net Change in Cash | $55.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93.2K |
| Short-Term Investments | $0 |
| Net Receivables | $13.7K |
| Inventory | $3.5K |
| Other Current Assets | $44.1K |
| TOTAL CURRENT ASSETS | $154.4K |
| PP&E (Net) | $240.2K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $9M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $515.5K |
| Other Current Liabilities | $77.3K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $174.1K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $31M |
| Retained Earnings | -$26M |
| Treasury Stock | -$40 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $2M |
| Net Debt | $2M |
