| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $4M | -4.9% | 24.7% |
| Op. Income | -$7M | -$6M | -$5M | -14.2% | -28.4% |
| Gross Margin | 16.5% | 23.5% | 15.5% | -7.0pp | 1.0pp |
| Net Margin | -48.8% | -233.3% | -236.1% | 184.5pp | 187.2pp |
| EPS (Diluted) | $-0.24 | $-1.23 | $-0.98 | 80.5% | 75.5% |
| Free Cash Flow | -$4M | -$7M | -$5M | 45.6% | 25.2% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $896.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$7M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $53.0K |
| 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 | $418.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $418.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$454.6K |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $50.0K |
| Long-Term Investments | $465.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $94M |
| Account Payables | $9M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$8M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $50M |
| TOTAL STOCKHOLDERS' EQUITY | $50M |
| Minority Interest | $0 |
| TOTAL EQUITY | $50M |
| TOTAL LIABILITIES & EQUITY | $94M |
| Total Debt | $18M |
| Net Debt | -$41M |
