| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $8M | -20.1% | -68.4% |
| Op. Income | -$3M | -$2M | -$381.6K | -40.5% | -570.8% |
| Gross Margin | -24.9% | -5.7% | 20.4% | -19.2pp | -45.3pp |
| Net Margin | -34.1% | -46.5% | -5.1% | 12.4pp | -29.0pp |
| EPS (Diluted) | $-0.77 | $-1.32 | $-0.36 | 41.7% | -113.9% |
| Free Cash Flow | -$1M | -$470.9K | $446.9K | -164.6% | -378.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$621.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $139.7K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $7.0K |
| Interest Expense | $12.1K |
| Other Income/Expenses | $155.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | -$850.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$860.3K |
| D&A | $83.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$850.0K |
| Depreciation & Amortization | $83.0K |
| Stock-Based Compensation | $39.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $573.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$18.9K |
| Acquisitions (Net) | -$200.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$218.9K |
| Net Debt Issuance | -$59.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $911.1K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$535.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $383.5K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $3M |
| Goodwill | $1M |
| Intangible Assets | $521.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $303.5K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $8M |
| Account Payables | $208.8K |
| Short-Term Debt | $600.0K |
| Deferred Revenue | $310.0K |
| Other Current Liabilities | $34.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $402.9K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $11.3K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $3M |
| Net Debt | $2M |
