| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $22M | $21M | -0.7% | 3.7% |
| Op. Income | -$5M | -$6M | -$7M | 18.1% | 36.6% |
| Gross Margin | 74.3% | 71.8% | 71.0% | 2.5pp | 3.4pp |
| Net Margin | -16.0% | -19.5% | -26.8% | 3.5pp | 10.9pp |
| EPS (Diluted) | $-0.10 | $-0.12 | $-0.15 | 16.7% | 33.3% |
| Free Cash Flow | -$2M | -$5M | -$323.0K | 67.3% | -425.1% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $16M |
| R&D Expenses | $6M |
| Selling & Marketing | $9M |
| General & Administrative | $6M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$5M |
| Interest Income | $977.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $52.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $392.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $392.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$228.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$649.0K |
| NET CASH FROM FINANCING | -$649.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $73M |
| Net Receivables | $818.0K |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $21M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $135M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $435.0K |
| Additional Paid-In Capital | $472M |
| Retained Earnings | -$345M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$167.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $94M |
| Minority Interest | $0 |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $135M |
| Total Debt | $20M |
| Net Debt | -$268.0K |
