| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $6M | 28.3% | 3.0% |
| Op. Income | -$4M | -$3M | -$2M | -44.0% | -120.3% |
| Gross Margin | 43.1% | 36.0% | 46.0% | 7.0pp | -3.0pp |
| Net Margin | -48.4% | -39.0% | -31.0% | -9.4pp | -17.4pp |
| EPS (Diluted) | $-0.32 | $-0.20 | $-0.20 | -58.7% | -58.7% |
| Free Cash Flow | -$4M | -$2M | -$7M | -69.4% | 51.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $1M |
| Operating Expenses | $7M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$4M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $60.8K |
| 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 | $430.7K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $569.0K |
| Stock-Based Compensation | $7.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$736.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$60.1K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $60.1K |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $44M |
| Net Receivables | $73.2K |
| Inventory | $1.6K |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $104.9K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $125M |
| Account Payables | $657.5K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $51.4K |
| TOTAL LIABILITIES | $47M |
| Common Stock | $26.4K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $4M |
| TOTAL EQUITY | $78M |
| TOTAL LIABILITIES & EQUITY | $125M |
| Total Debt | $142.0K |
| Net Debt | -$12M |
