| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $728.9K | $607.5K | $823.8K | 20.0% | -11.5% |
| Op. Income | -$3M | -$2M | -$3M | -12.8% | 13.6% |
| Gross Margin | 46.8% | 36.7% | 21.7% | 10.1pp | 25.2pp |
| Net Margin | -349.0% | -370.3% | -361.5% | 21.3pp | 12.5pp |
| EPS (Diluted) | $-4.40 | $-5.00 | $-14.30 | 12.0% | 69.2% |
| Free Cash Flow | -$3M | -$2M | -$2M | -18.7% | -13.3% |
| Item | Amount |
|---|---|
| REVENUE | $728.9K |
| Cost of Revenue | $387.5K |
| GROSS PROFIT | $341.4K |
| R&D Expenses | $358.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $128.7K |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $17.7K |
| Interest Expense | $15.0K |
| Other Income/Expenses | $2.6K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $302.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $296.8K |
| Stock-Based Compensation | $12.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5.8K |
| Change in Working Capital | -$507.8K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$14.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20.6K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $564.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $683.5K |
| Other Current Assets | $585.5K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $673.3K |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $10M |
| Account Payables | $1M |
| Short-Term Debt | $356.2K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $447.7K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72.7K |
| TOTAL NON-CURRENT LIABILITIES | $76.4K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $67.9K |
| Additional Paid-In Capital | $65M |
| Retained Earnings | -$59M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$523.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | -$169.8K |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $511.2K |
| Net Debt | -$2M |
