| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $11M | $1M | 62.4% | 1234.2% |
| Op. Income | -$62.0K | $110.0K | -$473.0K | -156.4% | 86.9% |
| Gross Margin | 5.3% | 9.2% | 41.0% | -3.9pp | -35.7pp |
| Net Margin | 1.3% | 3.6% | -24.1% | -2.3pp | 25.4pp |
| EPS (Diluted) | $0.03 | $0.05 | $-0.04 | -42.6% | 169.4% |
| Free Cash Flow | $383.0K | $1M | $98.0K | -70.2% | 290.8% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $939.0K |
| R&D Expenses | $292.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $709.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$62.0K |
| Interest Income | $0 |
| Interest Expense | $20.0K |
| Other Income/Expenses | $285.0K |
| INCOME BEFORE TAX | $223.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $223.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $223.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $223.0K |
| D&A | $200.0K |
| EBIT | $243.0K |
| EBITDA | $443.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $223.0K |
| Depreciation & Amortization | $200.0K |
| Stock-Based Compensation | $22.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $693.0K |
| Capital Expenditure | -$310.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3.0K |
| NET CASH FROM INVESTING | -$313.0K |
| Net Debt Issuance | -$139.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12.0K |
| NET CASH FROM FINANCING | -$151.0K |
| FREE CASH FLOW | $383.0K |
| Net Change in Cash | $74.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $164.0K |
| Inventory | $12M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $94.0K |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $230.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $23M |
| Account Payables | $11M |
| Short-Term Debt | $1M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $566.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $0 |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$189M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $3M |
| Net Debt | $601.0K |
