| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $16M | -28.7% | -71.8% |
| Op. Income | -$7M | -$8M | -$7M | 15.1% | -4.8% |
| Gross Margin | 2.3% | -0.3% | 38.8% | 2.6pp | -36.5pp |
| Net Margin | -146.7% | -154.4% | -55.3% | 7.6pp | -91.5pp |
| EPS (Diluted) | $-7.80 | $-16.20 | $-17.40 | 51.9% | 55.2% |
| Free Cash Flow | -$2M | -$5M | -$258.9K | 66.6% | -483.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $103.3K |
| R&D Expenses | $518.9K |
| Selling & Marketing | $812.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $112.7K |
| Other Income/Expenses | $480.3K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$13.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | -$334.6K |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $0 |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $556.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$96.8K |
| Acquisitions (Net) | $89.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $28.1K |
| NET CASH FROM INVESTING | $20.5K |
| Net Debt Issuance | -$209.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$209.1K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $1.0K |
| Net Receivables | $8M |
| Inventory | $36M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $113M |
| Account Payables | $4M |
| Short-Term Debt | $13M |
| Deferred Revenue | $108.4K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $155.2K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $0 |
| Additional Paid-In Capital | $425M |
| Retained Earnings | -$341M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $110.5K |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $113M |
| Total Debt | $17M |
| Net Debt | $13M |
