| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -17.9% | 30.2% |
| Op. Income | -$1M | -$1M | -$2M | 9.3% | 21.5% |
| Gross Margin | -39.8% | -25.4% | -62.2% | -14.4pp | 22.4pp |
| Net Margin | -133.0% | 21.7% | -14.2% | -154.7pp | -118.9pp |
| EPS (Diluted) | $-1.13 | $0.38 | $-4.80 | -397.4% | 76.5% |
| Free Cash Flow | $697.6K | -$5M | $2M | 114.6% | -62.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$977.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $27.6K |
| General & Administrative | $329.0K |
| SG&A Expenses | $356.6K |
| Other Expenses | $0 |
| Operating Expenses | $356.6K |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $212.7K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $113.2K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $113.2K |
| Stock-Based Compensation | $217.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $85.6K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $840.0K |
| Capital Expenditure | -$142.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$69.0K |
| Sales/Maturities of Investments | $684.6K |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | $524.8K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.3K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $697.6K |
| Net Change in Cash | -$294.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291.9K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $12.8K |
| Goodwill | $0 |
| Intangible Assets | $546.2K |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.8K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $12M |
| Account Payables | $1M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6M |
| Common Stock | $0 |
| Additional Paid-In Capital | $56M |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$920.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $3M |
| Net Debt | $3M |
