| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $463.4K | $2M | 151.3% | -40.5% |
| Op. Income | -$2M | -$2M | -$202.6K | -11.4% | -850.3% |
| Gross Margin | 78.1% | -32.4% | 79.8% | 110.5pp | -1.6pp |
| Net Margin | -169.7% | -387.0% | -10.4% | 217.4pp | -159.3pp |
| EPS (Diluted) | $-0.06 | $-0.06 | $-0.01 | -0.7% | -769.6% |
| Free Cash Flow | -$2M | -$130.0K | -$201.1K | -1324.7% | -821.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $254.8K |
| GROSS PROFIT | $909.9K |
| R&D Expenses | $350.0K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $1M |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $63.5K |
| Interest Expense | $85.9K |
| Other Income/Expenses | -$50.6K |
| 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 | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $172.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20.3K |
| Change in Working Capital | -$69.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$530.6K |
| Sales/Maturities of Investments | $624.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $93.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $3M |
| Net Receivables | $950.7K |
| Inventory | $0 |
| Other Current Assets | $339.9K |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $52.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $64.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.5K |
| TOTAL NON-CURRENT ASSETS | $127.5K |
| TOTAL ASSETS | $12M |
| Account Payables | $705.8K |
| Short-Term Debt | $48.9K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $48.4K |
| Additional Paid-In Capital | $113M |
| Retained Earnings | -$92M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $5M |
| Net Debt | -$2M |
