| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209.0K | $0 | $0 | — | — |
| Op. Income | -$3M | -$17M | -$18M | 81.2% | 82.3% |
| Gross Margin | -9631.6% | — | — | — | — |
| Net Margin | -12425.4% | — | — | — | — |
| EPS (Diluted) | $-0.08 | $-0.40 | $-0.44 | 80.0% | 81.8% |
| Free Cash Flow | -$18M | -$14M | -$16M | -26.2% | -17.2% |
| Item | Amount |
|---|---|
| REVENUE | $209.0K |
| Cost of Revenue | $20M |
| GROSS PROFIT | -$20M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$25M |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $123.0K |
| Interest Expense | $10.0K |
| Other Income/Expenses | $65.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $202.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $0 |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $775.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$13.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $226.0K |
| NET CASH FROM FINANCING | $213.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $147M |
| Net Receivables | $179.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $179M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $438.0K |
| TOTAL NON-CURRENT ASSETS | $116M |
| TOTAL ASSETS | $295M |
| Account Payables | $13M |
| Short-Term Debt | $55.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $200.0K |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $539M |
| Retained Earnings | -$297M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $295M |
| Total Debt | $3M |
| Net Debt | -$23M |
