| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $5M | $8M | -25.1% | -53.6% |
| Op. Income | -$3M | -$2M | -$886.0K | -57.4% | -277.1% |
| Gross Margin | 42.7% | 45.2% | 44.9% | -2.5pp | -2.1pp |
| Net Margin | -93.7% | -157.3% | -18.4% | 63.6pp | -75.3pp |
| EPS (Diluted) | $-0.13 | $-0.31 | $-0.08 | 58.1% | -54.4% |
| Free Cash Flow | -$3M | -$3M | -$2M | 25.6% | -53.8% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $300.0K |
| Other Income/Expenses | -$209.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $2.0K |
| 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 | $30.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $171.0K |
| Stock-Based Compensation | $261.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$101.0K |
| Change in Working Capital | $720.0K |
| OPERATING CASH FLOW | -$3M |
| 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 | -$62.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$29.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $990.0K |
| Inventory | $454.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $15M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $239.0K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $49M |
| Retained Earnings | -$57M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $39.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $10M |
| Net Debt | -$830.0K |
