| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | -0.7% | -2.3% |
| Op. Income | -$689.0K | -$745.0K | -$383.0K | 7.5% | -79.9% |
| Gross Margin | 66.3% | 67.5% | 68.8% | -1.3pp | -2.5pp |
| Net Margin | -20.5% | -18.8% | -7.7% | -1.7pp | -12.8pp |
| EPS (Diluted) | $-0.07 | $-0.10 | $-0.03 | 34.0% | -126.0% |
| Free Cash Flow | -$570.0K | -$374.0K | -$19.0K | -52.4% | -2900.0% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $961.0K |
| Selling & Marketing | $1M |
| General & Administrative | $774.0K |
| SG&A Expenses | $2M |
| Other Expenses | $205.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$689.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$95.0K |
| INCOME BEFORE TAX | -$784.0K |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$789.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$789.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$789.0K |
| D&A | $198.0K |
| EBIT | -$679.0K |
| EBITDA | -$481.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$789.0K |
| Depreciation & Amortization | $198.0K |
| Stock-Based Compensation | $274.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$31.0K |
| Change in Working Capital | -$217.0K |
| OPERATING CASH FLOW | -$565.0K |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | -$96.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$96.0K |
| FREE CASH FLOW | -$570.0K |
| Net Change in Cash | -$648.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $581.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $212.0K |
| Goodwill | $8M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $16M |
| Account Payables | $2M |
| Short-Term Debt | $156.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $712.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $192.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $635.0K |
| TOTAL NON-CURRENT LIABILITIES | $914.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$94M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$277.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $514.0K |
| Net Debt | -$2M |
