| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $7M | -6.7% | -32.5% |
| Op. Income | -$9M | $9M | $12M | -203.1% | -178.8% |
| Gross Margin | 60.2% | 63.3% | 70.3% | -3.1pp | -10.1pp |
| Net Margin | -41.5% | -241.9% | -166.1% | 200.5pp | 124.6pp |
| EPS (Diluted) | $0.38 | $-0.20 | $0.36 | 290.0% | 5.6% |
| Free Cash Flow | -$7M | -$6M | -$7M | -21.7% | -0.0% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$9M |
| Interest Income | $175.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$982.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $8M |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $547.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $547.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$495.0K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$41.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $5M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $42M |
| PP&E (Net) | $1M |
| Goodwill | $57M |
| Intangible Assets | $16M |
| Long-Term Investments | $79.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $307.0K |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $118M |
| Account Payables | $3M |
| Short-Term Debt | $442.0K |
| Deferred Revenue | $860.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $517M |
| Retained Earnings | -$442M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $118M |
| Total Debt | $32M |
| Net Debt | -$491.0K |
