| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $4M | -2.9% | 28.3% |
| Op. Income | -$19M | -$18M | -$27M | -3.0% | 29.1% |
| Gross Margin | -50.9% | 9.3% | -34.2% | -60.2pp | -16.7pp |
| Net Margin | -340.2% | -320.6% | -510.6% | -19.7pp | 170.3pp |
| EPS (Diluted) | $-0.10 | $-0.09 | $-0.11 | -5.8% | 13.5% |
| Free Cash Flow | -$14M | -$16M | -$25M | 14.0% | 43.2% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $9M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$19M |
| Interest Income | $165.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$491.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $92.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$735.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$735.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $23M |
| Other Current Assets | $944.0K |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $30M |
| Goodwill | $8M |
| Intangible Assets | $868.0K |
| Long-Term Investments | $0 |
| Tax Assets | $15.0K |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $89M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $335.0K |
| Deferred Revenue NC | $367.0K |
| Deferred Tax Liabilities | $141.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $349M |
| Retained Earnings | -$283M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $62M |
| Minority Interest | $0 |
| TOTAL EQUITY | $62M |
| TOTAL LIABILITIES & EQUITY | $89M |
| Total Debt | $877.0K |
| Net Debt | -$15M |
