| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $2M | -2.4% | 47.6% |
| Op. Income | -$1M | -$1M | -$903.2K | -6.1% | -58.1% |
| Gross Margin | 17.7% | 18.4% | 15.4% | -0.7pp | 2.3pp |
| Net Margin | -48.8% | -48.6% | -58.3% | -0.3pp | 9.4pp |
| EPS (Diluted) | $-0.14 | $-0.17 | $-0.19 | 17.6% | 26.3% |
| Free Cash Flow | -$1M | -$2M | -$3M | 43.5% | 65.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $569.5K |
| R&D Expenses | $0 |
| Selling & Marketing | $271.9K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $579.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$1M |
| Interest Income | $3.9K |
| Interest Expense | $149.0K |
| Other Income/Expenses | -$145.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $153.6K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $153.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80.5K |
| Change in Working Capital | $217.3K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$82.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$82.7K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $170.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $812.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $15M |
| Account Payables | $1M |
| Short-Term Debt | $884.6K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $804.4K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $12.2K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$22M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18.1K |
| Other Equity | $27M |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $7M |
| Net Debt | $6M |
