| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $2M | 9.0% | 194.1% |
| Op. Income | -$1M | -$1M | -$2M | -26.2% | 14.9% |
| Gross Margin | 50.7% | 38.3% | 64.2% | 12.4pp | -13.5pp |
| Net Margin | -17.4% | -18.3% | -71.1% | 1.0pp | 53.8pp |
| EPS (Diluted) | $-0.08 | $-0.11 | $-0.16 | 24.9% | 48.4% |
| Free Cash Flow | $133.0K | -$1M | -$779.7K | 111.4% | 117.1% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $844.5K |
| Selling & Marketing | $844.5K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $287.3K |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$1M |
| Interest Income | $102.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $102.9K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$249.8K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $624.5K |
| EBIT | -$1M |
| EBITDA | -$708.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $624.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $99.9K |
| Other Non-Cash Items | -$305.6K |
| Change in Working Capital | $797.3K |
| OPERATING CASH FLOW | $133.0K |
| Capital Expenditure | $3 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$88.3K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$88.3K |
| FREE CASH FLOW | $133.0K |
| Net Change in Cash | $44.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $2M |
| Goodwill | $5M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.9K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $27M |
| Account Payables | $2M |
| Short-Term Debt | $788.1K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $955.4K |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $257.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $821.6K |
| TOTAL LIABILITIES | $8M |
| Common Stock | $9.9K |
| Additional Paid-In Capital | $45M |
| Retained Earnings | -$25M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19M |
| Minority Interest | $0 |
| TOTAL EQUITY | $19M |
| TOTAL LIABILITIES & EQUITY | $27M |
| Total Debt | $1M |
| Net Debt | -$7M |
