| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $6M | 8.2% | 1.1% |
| Op. Income | -$3M | -$7M | -$3M | 52.2% | 1.1% |
| Gross Margin | 43.7% | 43.9% | 36.2% | -0.2pp | 7.5pp |
| Net Margin | -51.2% | -114.6% | -50.3% | 63.5pp | -0.8pp |
| EPS (Diluted) | $-2.40 | $-6.96 | $-4.20 | 65.5% | 42.9% |
| Free Cash Flow | -$4M | -$4M | -$4M | 2.4% | 13.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $721.0K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$3M |
| Interest Income | $4.0K |
| Interest Expense | $29.0K |
| Other Income/Expenses | -$23.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $83.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $83.0K |
| Stock-Based Compensation | $174.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$33.0K |
| Change in Working Capital | -$896.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $646.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $7M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $862.0K |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $205.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $23M |
| Account Payables | $5M |
| Short-Term Debt | $149.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $63.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $9M |
| Additional Paid-In Capital | $287M |
| Retained Earnings | -$279M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $237.0K |
| Net Debt | -$2M |
