| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $90M | $85M | -8.9% | -3.9% |
| Op. Income | -$4M | $1M | -$468.0K | -450.0% | -661.3% |
| Gross Margin | 42.1% | 43.1% | 40.1% | -1.1pp | 1.9pp |
| Net Margin | -6.1% | 0.2% | -0.8% | -6.3pp | -5.3pp |
| EPS (Diluted) | $-0.23 | $0.01 | $-0.03 | -2546.8% | -612.1% |
| Free Cash Flow | -$684.0K | $521.0K | -$6M | -231.3% | 88.0% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $9M |
| SG&A Expenses | $36M |
| Other Expenses | $2M |
| Operating Expenses | $38M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $187.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | -$21.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $517.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$769.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$48.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | -$49.0K |
| FREE CASH FLOW | -$684.0K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $51M |
| Other Current Assets | $530.0K |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $986.0K |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $163M |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $126M |
| Common Stock | $22M |
| Additional Paid-In Capital | $81M |
| Retained Earnings | -$40M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $0 |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $163M |
| Total Debt | $63M |
| Net Debt | $59M |
