| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $47M | $52M | 8.2% | -3.3% |
| Op. Income | $2M | -$3M | -$97.0K | 151.8% | 1901.0% |
| Gross Margin | 0.2% | 26.3% | 26.4% | -26.1pp | -26.2pp |
| Net Margin | -0.9% | 6.5% | -4.0% | -7.4pp | 3.1pp |
| EPS (Diluted) | $-0.01 | $0.06 | $-0.04 | -115.1% | 78.8% |
| Free Cash Flow | -$6M | -$9M | $4M | 38.8% | -239.0% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $102.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$8M |
| Operating Expenses | -$2M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$462.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$462.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$462.0K |
| D&A | $8M |
| EBIT | -$103.0K |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$462.0K |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $844.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $29.0K |
| Other Investing Activities | -$157.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$252.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $21M |
| Net Receivables | $10M |
| Inventory | $30M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $119M |
| PP&E (Net) | $222M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $386M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $628M |
| TOTAL ASSETS | $748M |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $126M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $202M |
| TOTAL LIABILITIES | $259M |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $489M |
| Minority Interest | $0 |
| TOTAL EQUITY | $489M |
| TOTAL LIABILITIES & EQUITY | $748M |
| Total Debt | $128M |
| Net Debt | $76M |
