| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98.0K | $120.0K | $214.0K | -18.3% | -54.2% |
| Op. Income | -$14M | -$16M | -$15M | 12.1% | 8.9% |
| Gross Margin | 12.2% | 10.8% | -446.7% | 1.4pp | 459.0pp |
| Net Margin | -31541.8% | -15989.2% | -6378.5% | -15552.7pp | -25163.3pp |
| EPS (Diluted) | $-2.18 | $-2.45 | $-5.15 | 11.0% | 57.7% |
| Free Cash Flow | -$19M | -$13M | -$16M | -49.4% | -15.0% |
| Item | Amount |
|---|---|
| REVENUE | $98.0K |
| Cost of Revenue | $86.0K |
| GROSS PROFIT | $12.0K |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$14M |
| Interest Income | $236.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $75.0K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $75.0K |
| Stock-Based Compensation | $581.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$19M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16.0K |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $459.0K |
| Other Current Assets | $934.0K |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $389.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $389.0K |
| TOTAL ASSETS | $45M |
| Account Payables | $16M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $92M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $619M |
| Retained Earnings | -$708M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$89M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$89M |
| TOTAL LIABILITIES & EQUITY | $45M |
| Total Debt | $109M |
| Net Debt | $72M |
