| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $1M | -12.8% | 163.2% |
| Op. Income | -$4M | -$5M | -$3M | 5.9% | -59.8% |
| Gross Margin | 71.4% | 83.0% | 68.7% | -11.6pp | 2.7pp |
| Net Margin | -207.0% | -238.9% | -1426.4% | 31.9pp | 1219.4pp |
| EPS (Diluted) | $-1.64 | $-40.80 | $-48.70 | 96.0% | 96.6% |
| Free Cash Flow | -$4M | -$4M | -$2M | -8.6% | -183.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $813.8K |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.5B |
| SG&A Expenses | $6.5B |
| Other Expenses | -$6.5B |
| Operating Expenses | $6M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$4M |
| Interest Income | $1M |
| Interest Expense | $394M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $270.1K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $300.4K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $300.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$980.9K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $851.4K |
| Short-Term Investments | $0 |
| Net Receivables | $917.1K |
| Inventory | $0 |
| Other Current Assets | $32.0K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $64.6K |
| Goodwill | $22M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $111.6K |
| Other Non-Current Assets | $224.8K |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $33M |
| Account Payables | $2M |
| Short-Term Debt | $14M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $93.7K |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $517 |
| Additional Paid-In Capital | $101M |
| Retained Earnings | -$96M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $14M |
| Net Debt | $14M |
