| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $13M | $12M | 6.2% | 10.8% |
| Op. Income | -$768.0K | -$260.0K | $413.0K | -195.4% | -286.0% |
| Gross Margin | 23.8% | 24.4% | 24.3% | -0.5pp | -0.5pp |
| Net Margin | -14.8% | -5.4% | 0.3% | -9.3pp | -15.0pp |
| EPS (Diluted) | $-0.35 | $-0.13 | $-6.33 | -169.2% | 94.5% |
| Free Cash Flow | -$16.0K | -$2M | $2M | 99.1% | -100.7% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $652.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$768.0K |
| Interest Income | $0 |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$1M |
| 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 | $118.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $118.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $903.0K |
| Change in Working Capital | $993.0K |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | -$16.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$16.0K |
| Net Change in Cash | -$43.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $730.0K |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $12M |
| Other Current Assets | $242.0K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $6M |
| Goodwill | $26M |
| Intangible Assets | $359.0K |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $221.0K |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $58M |
| Account Payables | $5M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $31M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $226M |
| Retained Earnings | -$201M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $23M |
| Net Debt | $23M |
