| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $42M | $30M | -37.4% | -12.7% |
| Op. Income | -$11M | -$7M | -$6M | -43.8% | -86.4% |
| Gross Margin | 18.2% | 18.5% | 20.4% | -0.2pp | -2.2pp |
| Net Margin | -41.5% | -19.1% | -19.8% | -22.3pp | -21.6pp |
| EPS (Diluted) | $-0.19 | $-0.14 | $-0.11 | -35.7% | -72.7% |
| Free Cash Flow | -$12M | -$3M | $3M | -266.4% | -506.3% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $14M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $32.2K |
| Other Income/Expenses | -$94.1K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $177.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $570.7K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $570.7K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | $181.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$767.3K |
| NET CASH FROM INVESTING | -$585.5K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$60.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $215.6K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $116M |
| Account Payables | $82M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $5.7K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | -$33M |
| Treasury Stock | -$60.5K |
| Accum. Other Comp. Income | -$26.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $116M |
| Total Debt | $8M |
| Net Debt | -$16M |
