| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $6M | 0.9% | 39.0% |
| Op. Income | -$2M | -$2M | -$2M | 4.6% | 17.7% |
| Gross Margin | 5.2% | 3.6% | 10.4% | 1.6pp | -5.2pp |
| Net Margin | -19.5% | -20.0% | -31.7% | 0.5pp | 12.2pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.04 | 2.8% | 15.9% |
| Free Cash Flow | -$2M | -$1M | -$2M | -12.6% | 19.1% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $443.6K |
| R&D Expenses | $146.7K |
| Selling & Marketing | $140.5K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $11.6K |
| Operating Expenses | $2M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$2M |
| Interest Income | $4.3K |
| Interest Expense | $67.3K |
| Other Income/Expenses | -$48.5K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $57 |
| 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 | $11.6K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $11.6K |
| Stock-Based Compensation | $250.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$282.3K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $34 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $36 |
| Net Debt Issuance | $572.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $609.6K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$645.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164.6K |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $31.1K |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $181.9K |
| Goodwill | $0 |
| Intangible Assets | $14.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $196.8K |
| TOTAL ASSETS | $32M |
| Account Payables | $18M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $39.9K |
| TOTAL LIABILITIES | $22M |
| Common Stock | $5.4K |
| Additional Paid-In Capital | $44M |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$881.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | -$47.4K |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $2M |
| Net Debt | $2M |
