| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $28M | $34M | 7.0% | -13.5% |
| Op. Income | -$3M | -$1M | $1M | -107.7% | -352.9% |
| Gross Margin | 25.5% | 23.4% | 22.1% | 2.2pp | 3.4pp |
| Net Margin | -17.7% | -18.0% | 3.0% | 0.3pp | -20.6pp |
| EPS (Diluted) | $-2.10 | $-2.30 | $0.58 | 8.7% | -462.1% |
| Free Cash Flow | $4M | -$4M | $2M | 195.4% | 116.4% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $718.8K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $50.4K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | -$183 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $218.9K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $219.5K |
| Stock-Based Compensation | $846.3K |
| Deferred Income Tax | $91.4K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $251.2K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$881.0K |
| Net Debt Issuance | -$513.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$513.7K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $153.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $768.9K |
| Inventory | $6M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $36M |
| Goodwill | $15M |
| Intangible Assets | $7M |
| Long-Term Investments | $162.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $72M |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $2.6K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | -$143.9K |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $72M |
| Total Debt | $47M |
| Net Debt | $46M |
