| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $6M | -32.2% | -53.3% |
| Op. Income | -$2M | -$1M | -$940.3K | -48.5% | -65.6% |
| Gross Margin | 39.6% | 25.0% | 45.1% | 14.6pp | -5.5pp |
| Net Margin | -72.6% | -45.4% | -12.1% | -27.2pp | -60.6pp |
| EPS (Diluted) | $-1.18 | $-2.18 | $-2.78 | 45.9% | 57.6% |
| Free Cash Flow | -$6M | -$2M | -$134.8K | -170.3% | -4565.3% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $731.9K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $460.4K |
| Other Income/Expenses | -$516.3K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$149.8K |
| 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 | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $139 |
| Other Non-Cash Items | $779.1K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$25.2K |
| Acquisitions (Net) | $230.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $295.7K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $5M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $458.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $34M |
| Account Payables | $337.5K |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $16.3K |
| Additional Paid-In Capital | $28M |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27.2K |
| Other Equity | -$220.0K |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $11M |
| Net Debt | $11M |
