| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120.0K | $121.0K | $165.0K | -0.8% | -27.3% |
| Op. Income | -$12M | -$15M | -$13M | 19.0% | 5.0% |
| Gross Margin | 100.0% | -9470.2% | -5742.4% | 9570.2pp | 5842.4pp |
| Net Margin | -9381.7% | -11523.1% | -7184.8% | 2141.5pp | -2196.8pp |
| EPS (Diluted) | $-0.17 | $-0.21 | $-0.25 | 19.0% | 32.0% |
| Free Cash Flow | -$11M | -$8M | -$10M | -29.9% | -3.8% |
| Item | Amount |
|---|---|
| REVENUE | $120.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $120.0K |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$12M |
| Interest Income | $716.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $716.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $494.0K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $494.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$252.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25.0K |
| NET CASH FROM FINANCING | $25.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$649.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $50M |
| Net Receivables | $254.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $549.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $64M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $284.0K |
| TOTAL LIABILITIES | $15M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $472M |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $50.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $1M |
| Net Debt | -$9M |
