| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $241.0K | $155.0K | $190.0K | 55.5% | 26.8% |
| Op. Income | -$13M | -$15M | -$16M | 13.2% | 19.0% |
| Gross Margin | -297.1% | -361.9% | -206.8% | 64.8pp | -90.3pp |
| Net Margin | -5899.2% | -9180.0% | -8166.8% | 3280.8pp | 2267.7pp |
| EPS (Diluted) | $-0.05 | $-0.06 | $-0.07 | 10.6% | 31.3% |
| Free Cash Flow | -$17M | -$13M | -$14M | -28.4% | -18.0% |
| Item | Amount |
|---|---|
| REVENUE | $241.0K |
| Cost of Revenue | $957.0K |
| GROSS PROFIT | -$716.0K |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$172.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $1M |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$128.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $27M |
| Net Receivables | $40.0K |
| Inventory | $8M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $115M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $151M |
| Account Payables | $1M |
| Short-Term Debt | $29M |
| Deferred Revenue | $147.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $60M |
| Common Stock | $302.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$920M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $651.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91M |
| Minority Interest | $0 |
| TOTAL EQUITY | $91M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $47M |
| Net Debt | -$26M |
