| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $1M | 1.9% | 14.4% |
| Op. Income | -$4M | -$3M | -$2M | -10.2% | -46.4% |
| Gross Margin | 19.5% | 23.9% | 23.4% | -4.3pp | -3.9pp |
| Net Margin | -239.8% | -225.1% | -10.6% | -14.7pp | -229.2pp |
| EPS (Diluted) | $-0.18 | $-1.10 | $-0.04 | 83.4% | -318.8% |
| Free Cash Flow | -$4M | -$4M | -$2M | 5.7% | -57.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $307.6K |
| R&D Expenses | $234.8K |
| Selling & Marketing | $402.1K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $505.4K |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$4M |
| Interest Income | $267.5K |
| Interest Expense | $0 |
| Other Income/Expenses | -$178.3K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| 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 | $64.5K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $64.5K |
| Stock-Based Compensation | $346.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$272.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $25.9K |
| NET CASH FROM INVESTING | -$247.0K |
| Net Debt Issuance | -$28.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $913.2K |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $764.5K |
| Goodwill | $0 |
| Intangible Assets | $28.0K |
| Long-Term Investments | $15.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $808.2K |
| TOTAL ASSETS | $56M |
| Account Payables | $585.8K |
| Short-Term Debt | $0 |
| Deferred Revenue | $182.7K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $36.5K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $155.5K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $138M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$96M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$278.9K |
| Other Equity | $10M |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $56M |
| Total Debt | $229.4K |
| Net Debt | -$51M |
