| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $9M | $1M | 291.4% | 2678.9% |
| Op. Income | -$18M | -$28M | -$27M | 37.5% | 35.1% |
| Gross Margin | 27.0% | 29.6% | 40.3% | -2.5pp | -13.2pp |
| Net Margin | -80.5% | -410.3% | -2217.9% | 329.8pp | 2137.4pp |
| EPS (Diluted) | $-0.16 | $-0.22 | $-0.18 | 27.3% | 11.1% |
| Free Cash Flow | -$27M | $7M | -$36M | -491.0% | 25.5% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $9M |
| R&D Expenses | $3M |
| Selling & Marketing | $3M |
| General & Administrative | $20M |
| SG&A Expenses | $23M |
| Other Expenses | $218.0K |
| Operating Expenses | $27M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$18M |
| Interest Income | $204.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $1M |
| EBIT | -$19M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $96M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $3M |
| Tax Assets | $42M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $179M |
| TOTAL ASSETS | $282M |
| Account Payables | $36M |
| Short-Term Debt | $29M |
| Deferred Revenue | $64M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $86.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $201M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $549M |
| Retained Earnings | -$467M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | -$29.0K |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $282M |
| Total Debt | $62M |
| Net Debt | $30M |
