| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $2M | 41.9% | 39.4% |
| Op. Income | -$13M | -$13M | -$8M | -0.2% | -54.2% |
| Gross Margin | 34.2% | 17.6% | 22.9% | 16.6pp | 11.4pp |
| Net Margin | -503.7% | -739.7% | -435.9% | 236.0pp | -67.8pp |
| EPS (Diluted) | $-0.17 | $-0.26 | $-0.16 | 34.6% | -6.3% |
| Free Cash Flow | -$9M | -$9M | -$6M | -0.6% | -46.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $864.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $343.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $107.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $128.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $78.0K |
| Change in Working Capital | $325.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$329.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$8.0K |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $78M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $355M |
| Retained Earnings | -$291M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $78M |
| Total Debt | $2M |
| Net Debt | -$61M |
