| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $52M | $46M | 0.5% | 14.5% |
| Op. Income | $1M | -$3M | -$961.0K | 136.1% | 228.6% |
| Gross Margin | 53.4% | 55.2% | 56.9% | -1.8pp | -3.5pp |
| Net Margin | -0.0% | -10.9% | -6.4% | 10.8pp | 6.3pp |
| EPS (Diluted) | $-0.00 | $-0.03 | $-0.02 | 99.7% | 99.4% |
| Free Cash Flow | $94.0K | -$3M | $3M | 103.2% | -97.2% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $28M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | -$8M |
| Operating Expenses | $27M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $65.0K |
| Income Tax Expense | $85.0K |
| NET INCOME | -$19.0K |
| D&A | $382.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19.0K |
| Depreciation & Amortization | $382.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$1.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $320.0K |
| FREE CASH FLOW | $94.0K |
| Net Change in Cash | -$321.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $63M |
| Net Receivables | $30M |
| Inventory | $53M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $167M |
| PP&E (Net) | $15M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $215M |
| Account Payables | $25M |
| Short-Term Debt | $39M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $49M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $192.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$174.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61M |
| Minority Interest | $741.0K |
| TOTAL EQUITY | $62M |
| TOTAL LIABILITIES & EQUITY | $215M |
| Total Debt | $98M |
| Net Debt | $83M |
