| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $8M | $13M | 41.5% | -10.2% |
| Op. Income | -$566.9K | -$5M | -$3M | 89.6% | 79.8% |
| Gross Margin | 29.8% | 16.4% | 37.6% | 13.4pp | -7.8pp |
| Net Margin | 34.1% | -61.1% | -26.0% | 95.2pp | 60.1pp |
| EPS (Diluted) | $0.02 | $-0.03 | $-0.03 | 177.5% | 186.7% |
| Free Cash Flow | -$217.0K | -$5M | -$6M | 95.6% | 96.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $4M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$566.9K |
| Interest Income | $281.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $52.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $194.4K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $194.4K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $52.2K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$110.4K |
| Capital Expenditure | -$106.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $302.6K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | -$65.0K |
| FREE CASH FLOW | -$217.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $6M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $123.8K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $61M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $505.4K |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $378.5K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $2M |
| Additional Paid-In Capital | $425M |
| Retained Earnings | -$406M |
| Treasury Stock | -$484.7K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $2M |
| Net Debt | -$25M |
