| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $923.8K | $240.8K | 12.1% | 330.2% |
| Op. Income | -$1M | -$1M | -$2M | -5.1% | 16.6% |
| Gross Margin | 28.2% | 24.8% | 12.4% | 3.3pp | 15.8pp |
| Net Margin | -162.8% | -115.5% | -352.7% | -47.4pp | 189.9pp |
| EPS (Diluted) | $-2.70 | $-4.50 | $-19.95 | 40.1% | 86.5% |
| Free Cash Flow | -$1M | -$1M | -$1M | -12.7% | 5.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $743.9K |
| GROSS PROFIT | $291.9K |
| R&D Expenses | $294.0K |
| Selling & Marketing | $274.3K |
| General & Administrative | $829.5K |
| SG&A Expenses | $1M |
| Other Expenses | $225.9K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $21.4K |
| Interest Expense | $52.5K |
| Other Income/Expenses | -$354.8K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $225.9K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $225.9K |
| Stock-Based Compensation | $15.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $159.1K |
| Change in Working Capital | $15.6K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$64.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$64.4K |
| Net Debt Issuance | -$36.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.3K |
| NET CASH FROM FINANCING | -$33.9K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $826.1K |
| Inventory | $371.8K |
| Other Current Assets | $80.0K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $82.1K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $7M |
| Account Payables | $222.6K |
| Short-Term Debt | $0 |
| Deferred Revenue | $57.4K |
| Other Current Liabilities | $263.7K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $763.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $32M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$36M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40.6K |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $2M |
| Net Debt | $144.4K |
