| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $5M | 3.8% | 65.6% |
| Op. Income | -$299.3K | $46.1K | -$795.8K | -749.6% | 62.4% |
| Gross Margin | 51.0% | 56.8% | 70.1% | -5.8pp | -19.1pp |
| Net Margin | -1.9% | 3.0% | -4.4% | -5.0pp | 2.4pp |
| EPS (Diluted) | $-0.00 | $0.01 | $-0.01 | -168.1% | 25.8% |
| Free Cash Flow | -$439.7K | -$344.5K | $764.1K | -27.6% | -157.5% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $676.2K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$299.3K |
| Interest Income | $336.0K |
| Interest Expense | $36.0K |
| Other Income/Expenses | $129.4K |
| INCOME BEFORE TAX | -$169.9K |
| Income Tax Expense | -$18.6K |
| Net Income from Continuing Ops | -$151.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$151.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$151.2K |
| D&A | $58.0K |
| EBIT | -$133.9K |
| EBITDA | -$75.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$151.2K |
| Depreciation & Amortization | $58.0K |
| Stock-Based Compensation | $717.8K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$247.3K |
| Change in Working Capital | -$817.0K |
| OPERATING CASH FLOW | -$439.7K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$439.7K |
| Net Change in Cash | -$709.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $24M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $51.6K |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $785.8K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $41M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $82M |
| Retained Earnings | -$51M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $18.1K |
| Net Debt | -$5M |
