| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $6M | 3.1% | 24.0% |
| Op. Income | -$4M | -$5M | -$5M | 3.9% | 10.8% |
| Gross Margin | 69.1% | 67.1% | 65.0% | 2.0pp | 4.1pp |
| Net Margin | -64.7% | -57.5% | -44.0% | -7.2pp | -20.6pp |
| EPS (Diluted) | $-0.10 | $-0.09 | $-0.06 | -14.6% | -74.7% |
| Free Cash Flow | -$4M | -$3M | -$3M | -38.1% | -29.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$4M |
| Interest Income | $233.0K |
| Interest Expense | $73.0K |
| Other Income/Expenses | -$594.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $30.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $862.0K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $862.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$48.0K |
| Acquisitions (Net) | $2.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $489.8K |
| Other Investing Activities | $4.7K |
| NET CASH FROM INVESTING | $255.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$249.6K |
| NET CASH FROM FINANCING | -$131.4K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $14M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $2M |
| Goodwill | $15M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $477.0K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $67M |
| Account Payables | $5M |
| Short-Term Debt | $667.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $265M |
| Retained Earnings | -$220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $419.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $67M |
| Total Debt | $2M |
| Net Debt | -$18M |
