| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $370.2K | -4.8% | 434.0% |
| Op. Income | -$6M | -$6M | -$6M | 7.7% | -5.5% |
| Gross Margin | -115.8% | -68.8% | -615.3% | -47.0pp | 499.5pp |
| Net Margin | -335.9% | -359.1% | -3067.9% | 23.2pp | 2732.0pp |
| EPS (Diluted) | $-20.80 | $-18.48 | $-305.28 | -12.6% | 93.2% |
| Free Cash Flow | -$5M | -$7M | -$5M | 32.9% | 4.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $590.8K |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$762.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $110.4K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$14 |
| EPS Diluted | -$21 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $590.8K |
| Stock-Based Compensation | $398.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$31.6K |
| Change in Working Capital | $745.1K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$1.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.1K |
| Net Debt Issuance | -$26.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $914.7K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $22M |
| Goodwill | $11M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $122.6K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $43M |
| Account Payables | $4M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $409.4K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36.2K |
| TOTAL NON-CURRENT LIABILITIES | $445.6K |
| TOTAL LIABILITIES | $47M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $43M |
| Total Debt | $31M |
| Net Debt | $25M |
