| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $11M | $9M | -23.5% | -8.7% |
| Op. Income | -$2M | -$747.5K | -$2M | -162.9% | -16.0% |
| Gross Margin | 88.1% | 81.4% | 85.4% | 6.6pp | 2.6pp |
| Net Margin | -23.4% | -6.8% | -17.0% | -16.6pp | -6.4pp |
| EPS (Diluted) | $-0.13 | $-0.05 | $-0.11 | -160.0% | -18.2% |
| Free Cash Flow | $163.4K | $817.3K | $516.3K | -80.0% | -68.4% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $988.8K |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $3M |
| SG&A Expenses | $7M |
| Other Expenses | $1M |
| Operating Expenses | $9M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$2M |
| Interest Income | $131.6K |
| Interest Expense | $109.7K |
| Other Income/Expenses | $21.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $5.7K |
| 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 | $1M |
| EBIT | -$2M |
| EBITDA | -$795.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $281.7K |
| Change in Working Capital | $808.4K |
| OPERATING CASH FLOW | $187.2K |
| Capital Expenditure | -$23.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$611.6K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$47.0K |
| NET CASH FROM INVESTING | -$690.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$376.4K |
| NET CASH FROM FINANCING | -$386.9K |
| FREE CASH FLOW | $163.4K |
| Net Change in Cash | -$890.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $3M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $8M |
| Goodwill | $914.0K |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $66M |
| Account Payables | $14M |
| Short-Term Debt | $401.4K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $52M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | -$319.1K |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $10M |
| Net Debt | -$5M |
