| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $23M | $31M | 29.1% | -6.5% |
| Op. Income | -$2M | -$4M | $7M | 54.1% | -129.0% |
| Gross Margin | 20.7% | 5.1% | 36.3% | 15.6pp | -15.6pp |
| Net Margin | 4.3% | -33.8% | -22.2% | 38.2pp | 26.6pp |
| EPS (Diluted) | $0.01 | $-0.06 | $-0.08 | 115.3% | 112.4% |
| Free Cash Flow | -$90M | -$21M | -$26M | -323.3% | -244.7% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $519.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $522.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $123.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $18M |
| EBIT | -$20M |
| EBITDA | -$2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $123.0K |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $101.0K |
| NET CASH FROM FINANCING | $84M |
| FREE CASH FLOW | -$90M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $31M |
| Net Receivables | $9M |
| Inventory | $261M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $310M |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $168M |
| TOTAL ASSETS | $479M |
| Account Payables | $8M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $18.3K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $621M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$351M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $164M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $434M |
| Minority Interest | $0 |
| TOTAL EQUITY | $434M |
| TOTAL LIABILITIES & EQUITY | $479M |
| Total Debt | $25M |
| Net Debt | $15M |
