| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $9M | $11M | 19.3% | -7.7% |
| Op. Income | $5M | -$4M | -$16M | 209.5% | 129.9% |
| Gross Margin | 50.8% | 37.2% | 27.8% | 13.6pp | 22.9pp |
| Net Margin | 28.0% | -53.4% | -44.1% | 81.5pp | 72.1pp |
| EPS (Diluted) | $0.05 | $-0.10 | $-0.13 | 151.6% | 139.7% |
| Free Cash Flow | -$8M | -$2M | -$9M | -271.8% | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $519.6K |
| Other Expenses | $0 |
| Operating Expenses | $519.6K |
| Cost & Expenses | $6M |
| OPERATING INCOME | $5M |
| Interest Income | $99.5K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$30.5K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $550.4K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $519.6K |
| Other Expenses | $0 |
| Operating Expenses | $519.6K |
| Cost & Expenses | $6M |
| OPERATING INCOME | $5M |
| Interest Income | $99.5K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$30.5K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $550.4K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $550.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$188.0K |
| Other Non-Cash Items | -$208.2K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | $300.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$363.9K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$63.3K |
| Net Debt Issuance | -$8.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51.5K |
| NET CASH FROM FINANCING | -$60.2K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $1M |
| Goodwill | $12M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $344.1K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $87M |
| Account Payables | $40M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $599.6K |
| Other Non-Current Liabilities | $37.7K |
| TOTAL NON-CURRENT LIABILITIES | $654.6K |
| TOTAL LIABILITIES | $62M |
| Common Stock | $7.7K |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$138M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $598.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $286.4K |
| Minority Interest | $24M |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $14M |
| Net Debt | -$36M |
