| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $7M | -0.6% | -23.3% |
| Op. Income | -$6M | -$6M | -$10M | 12.6% | 41.6% |
| Gross Margin | 10.7% | -9.4% | 3.6% | 20.1pp | 7.0pp |
| Net Margin | -68.9% | -119.9% | 1315.8% | 51.0pp | -1384.7pp |
| EPS (Diluted) | $-0.14 | $-0.26 | $3.62 | 46.2% | -103.9% |
| Free Cash Flow | -$3M | -$4M | -$8M | 13.8% | 57.4% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $534.0K |
| R&D Expenses | $828.0K |
| Selling & Marketing | $1M |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $402.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$847.0K |
| 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 | $616.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $616.0K |
| Stock-Based Compensation | $708.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $323.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$411.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $298.0K |
| Other Investing Activities | $59.0K |
| NET CASH FROM INVESTING | -$54.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44.0K |
| NET CASH FROM FINANCING | -$44.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $300.0K |
| TOTAL CURRENT ASSETS | $142M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $200.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $342.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $151M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $616.0K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $512M |
| Retained Earnings | -$354M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $1M |
| Net Debt | -$125M |
