| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $9M | $16M | 39.2% | -20.7% |
| Op. Income | -$687.8K | -$770.5K | $55.6K | 10.7% | -1337.1% |
| Gross Margin | 15.0% | 1.9% | 18.6% | 13.1pp | -3.6pp |
| Net Margin | -5.2% | -6.3% | 1.0% | 1.2pp | -6.1pp |
| EPS (Diluted) | $-0.18 | $-0.16 | $0.04 | -12.5% | -507.2% |
| Free Cash Flow | -$2M | -$3M | -$96.1K | 36.5% | -1621.0% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$687.8K |
| Interest Income | $0 |
| Interest Expense | $74.1K |
| Other Income/Expenses | -$74.1K |
| INCOME BEFORE TAX | -$761.9K |
| Income Tax Expense | -$112.3K |
| Net Income from Continuing Ops | -$649.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$649.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$649.6K |
| D&A | $80.0K |
| EBIT | -$687.8K |
| EBITDA | -$607.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$649.6K |
| Depreciation & Amortization | $80.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$165.7K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$881.2K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$36.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36.7K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $769.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $15M |
| Other Current Assets | $566.0K |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $111.6K |
| Long-Term Investments | $0 |
| Tax Assets | $902.1K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $29M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6M |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $852.5K |
| Retained Earnings | $21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $2M |
| Net Debt | $1M |
