| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $13M | $14M | -19.1% | -27.0% |
| Op. Income | -$7M | -$1M | $1M | -446.2% | -740.0% |
| Gross Margin | 45.3% | 38.5% | 45.6% | 6.8pp | -0.3pp |
| Net Margin | -74.5% | -13.9% | 3.0% | -60.6pp | -77.6pp |
| EPS (Diluted) | $-0.75 | $-0.17 | $0.04 | -341.2% | -1920.4% |
| Free Cash Flow | -$2M | $3M | -$263.0K | -154.7% | -549.4% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $6M |
| Operating Expenses | $12M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $530.0K |
| Other Income/Expenses | -$674.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$82.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $335.0K |
| Deferred Income Tax | -$10.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$101.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$709.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$255.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314.0K |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $4M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $2M |
| Goodwill | $26M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $373.0K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $61M |
| Account Payables | $9M |
| Short-Term Debt | $802.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $165.0K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $85M |
| Retained Earnings | -$63M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $24M |
| Net Debt | $24M |
