| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $27M | $31M | 23.3% | 7.6% |
| Op. Income | $742.0K | $2M | $721.8K | -54.2% | 2.8% |
| Gross Margin | 51.4% | 57.2% | 54.8% | -5.8pp | -3.4pp |
| Net Margin | 1.6% | 4.3% | 1.5% | -2.8pp | 0.1pp |
| EPS (Diluted) | $0.02 | $0.03 | $0.01 | -54.9% | 12.7% |
| Free Cash Flow | -$430.5K | -$1M | -$4M | 70.9% | 89.9% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $2M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $742.0K |
| Interest Income | $0 |
| Interest Expense | $42.5K |
| Other Income/Expenses | -$28.1K |
| INCOME BEFORE TAX | $713.9K |
| Income Tax Expense | $183.3K |
| Net Income from Continuing Ops | $530.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $530.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $530.6K |
| D&A | $26.9K |
| EBIT | $756.4K |
| EBITDA | $783.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $2M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $742.0K |
| Interest Income | $0 |
| Interest Expense | $42.5K |
| Other Income/Expenses | -$28.1K |
| INCOME BEFORE TAX | $713.9K |
| Income Tax Expense | $183.3K |
| Net Income from Continuing Ops | $530.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $530.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $530.6K |
| D&A | $26.9K |
| EBIT | $756.4K |
| EBITDA | $783.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $530.6K |
| Depreciation & Amortization | $26.9K |
| Stock-Based Compensation | $15.0K |
| Deferred Income Tax | $128.7K |
| Other Non-Cash Items | -$401 |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$379.3K |
| Capital Expenditure | -$51.2K |
| Acquisitions (Net) | $3.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48.2K |
| Net Debt Issuance | $879.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $879.8K |
| FREE CASH FLOW | -$430.5K |
| Net Change in Cash | $471.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $796.3K |
| Short-Term Investments | $0 |
| Net Receivables | $754.9K |
| Inventory | $29M |
| Other Current Assets | $21.2K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $192.1K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $383.7K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $575.9K |
| TOTAL ASSETS | $32M |
| Account Payables | $15M |
| Short-Term Debt | $658.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $64.2K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18.7K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $67.2K |
| TOTAL LIABILITIES | $24M |
| Common Stock | $3.5K |
| Additional Paid-In Capital | $6M |
| Retained Earnings | $2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $51.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $772.9K |
| Net Debt | -$23.4K |
