| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27.9K | $46.1K | $144.8K | -39.6% | -80.8% |
| Op. Income | -$11M | -$15M | -$18M | 26.6% | 38.3% |
| Gross Margin | 98.6% | -5985.4% | 158.6% | 6084.0pp | -60.0pp |
| Net Margin | -51452.3% | -36559.8% | -14092.9% | -14892.5pp | -37359.5pp |
| EPS (Diluted) | $-0.21 | $-0.25 | $-0.35 | 14.3% | 40.0% |
| Free Cash Flow | -$11M | -$9M | -$11M | -20.6% | 5.5% |
| Item | Amount |
|---|---|
| REVENUE | $27.9K |
| Cost of Revenue | $389 |
| GROSS PROFIT | $27.5K |
| R&D Expenses | $7M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | -$618.1K |
| Operating Expenses | $11M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$11M |
| Interest Income | $512.3K |
| Interest Expense | $16.8K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $14.4K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $116.7K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $116.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$301.8K |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$102.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | -$99.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$99.3K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $45M |
| Net Receivables | $0 |
| Inventory | $6M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $74M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $54.0K |
| Long-Term Investments | $277.5K |
| Tax Assets | $0 |
| Other Non-Current Assets | $192.3K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $76M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43.1K |
| TOTAL NON-CURRENT LIABILITIES | $861.7K |
| TOTAL LIABILITIES | $23M |
| Common Stock | $10M |
| Additional Paid-In Capital | $408M |
| Retained Earnings | -$429M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $76M |
| Total Debt | $1M |
| Net Debt | -$6M |
