| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $966.0K | $5M | $11M | -81.9% | -90.8% |
| Op. Income | -$62M | -$62M | -$33M | 0.3% | -89.4% |
| Gross Margin | 25.4% | 96.9% | 93.0% | -71.5pp | -67.6pp |
| Net Margin | -6183.4% | -1114.3% | -279.0% | -5069.1pp | -5904.4pp |
| EPS (Diluted) | $-0.85 | $-0.85 | $-0.54 | 0.0% | -57.4% |
| Free Cash Flow | -$60M | -$64M | -$41M | 5.7% | -48.2% |
| Item | Amount |
|---|---|
| REVENUE | $966.0K |
| Cost of Revenue | $721.0K |
| GROSS PROFIT | $245.0K |
| R&D Expenses | $48M |
| Selling & Marketing | $26.0K |
| General & Administrative | $14M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$62M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $576.0K |
| EBIT | -$60M |
| EBITDA | -$59M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $576.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$90.0K |
| Other Non-Cash Items | -$861.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$798.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $55M |
| Net Debt Issuance | -$27.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$133.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $129M |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $252M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $118.0K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $919.0K |
| Other Equity | $1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $200M |
| Minority Interest | $0 |
| TOTAL EQUITY | $200M |
| TOTAL LIABILITIES & EQUITY | $252M |
| Total Debt | $21M |
| Net Debt | -$53M |
