| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697.0K | $43.0K | $51.0K | 1520.9% | 1266.7% |
| Op. Income | -$5M | -$3M | -$4M | -47.8% | -20.6% |
| Gross Margin | 85.2% | -123.3% | -266.7% | 208.5pp | 351.9pp |
| Net Margin | -50612.3% | -22867.4% | -7227.5% | -27744.9pp | -43384.9pp |
| EPS (Diluted) | $-32.89 | $-3.99 | $-0.99 | -724.3% | -3222.2% |
| Free Cash Flow | -$4M | -$3M | -$3M | -46.7% | -45.9% |
| Item | Amount |
|---|---|
| REVENUE | $697.0K |
| Cost of Revenue | $103.0K |
| GROSS PROFIT | $594.0K |
| R&D Expenses | $858.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $1.0K |
| Other Income/Expenses | -$348M |
| INCOME BEFORE TAX | -$353M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$353M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$353M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$353M |
| D&A | $663.0K |
| EBIT | -$353M |
| EBITDA | -$352M |
| EPS | -$33 |
| EPS Diluted | -$33 |
| Item | Amount |
|---|---|
| Net Income | -$353M |
| Depreciation & Amortization | $663.0K |
| Stock-Based Compensation | $473.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $347M |
| Change in Working Capital | $110.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$267M |
| NET CASH FROM INVESTING | -$267M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $389M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $1M |
| Other Current Assets | $484.0K |
| TOTAL CURRENT ASSETS | $126M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $350M |
| TOTAL NON-CURRENT ASSETS | $350M |
| TOTAL ASSETS | $476M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $654.0K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $625M |
| TOTAL NON-CURRENT LIABILITIES | $625M |
| TOTAL LIABILITIES | $628M |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$538M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$60.0K |
| Other Equity | $386M |
| TOTAL STOCKHOLDERS' EQUITY | -$152M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$152M |
| TOTAL LIABILITIES & EQUITY | $476M |
| Total Debt | $0 |
| Net Debt | -$124M |
