| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | 5.8% | -14.7% |
| Op. Income | -$1M | -$2M | $40.5K | 46.2% | -2753.9% |
| Gross Margin | 18.8% | -1.2% | 21.5% | 20.0pp | -2.6pp |
| Net Margin | -28.2% | -54.1% | 0.3% | 26.0pp | -28.4pp |
| EPS (Diluted) | $-0.14 | $-0.26 | $0.00 | 46.2% | -8335.3% |
| Free Cash Flow | -$159.7K | -$603.0K | -$96.2K | 73.5% | -66.1% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $715.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $176.3K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $103.1K |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $87.3K |
| Other Income/Expenses | $22.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $18.6K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $102.4K |
| EBIT | -$964.9K |
| EBITDA | -$862.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | -$524.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $81.6K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $176.5K |
| OPERATING CASH FLOW | -$238.3K |
| Capital Expenditure | $78.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $50.5K |
| NET CASH FROM INVESTING | $123.3K |
| Net Debt Issuance | $861.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$374.1K |
| NET CASH FROM FINANCING | $487.2K |
| FREE CASH FLOW | -$159.7K |
| Net Change in Cash | $375.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $216.5K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $386.8K |
| Long-Term Investments | $15.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $269.3K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $10M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $42.2K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $421.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $96.7K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $750 |
| Additional Paid-In Capital | $5M |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $749.8K |
| Minority Interest | $0 |
| TOTAL EQUITY | $749.8K |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $6M |
| Net Debt | $4M |
