| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $21M | $18M | -36.5% | -26.1% |
| Op. Income | -$14M | -$12M | -$10M | -18.3% | -34.0% |
| Gross Margin | 60.8% | 62.6% | 61.2% | -1.8pp | -0.4pp |
| Net Margin | -88.8% | -54.9% | -37.5% | -33.9pp | -51.3pp |
| EPS (Diluted) | $-0.32 | $-0.33 | $-0.11 | 1.8% | -182.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$14M |
| Interest Income | $2M |
| Interest Expense | $254.2K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $0 |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $127M |
| Net Receivables | $24M |
| Inventory | $16M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $225M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $403.1K |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $282M |
| Account Payables | $19M |
| Short-Term Debt | $36M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $26.3K |
| Deferred Tax Liabilities | $42.7K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $128M |
| Common Stock | $13.4K |
| Additional Paid-In Capital | $478M |
| Retained Earnings | -$325M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | -$92.5K |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $282M |
| Total Debt | $68M |
| Net Debt | $35M |
