| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $31M | $31M | -0.6% | -2.9% |
| Op. Income | $945.0K | $742.0K | -$467.0K | 27.4% | 302.4% |
| Gross Margin | 16.5% | 15.8% | 12.2% | 0.7pp | 4.3pp |
| Net Margin | -0.5% | 1.0% | -2.4% | -1.5pp | 1.9pp |
| EPS (Diluted) | $-0.05 | $0.11 | $-0.27 | -145.5% | 81.5% |
| Free Cash Flow | -$242.0K | $58.0K | -$2M | -517.2% | 84.3% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $5M |
| R&D Expenses | $266.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $945.0K |
| Interest Income | $0 |
| Interest Expense | $273.0K |
| Other Income/Expenses | -$273.0K |
| INCOME BEFORE TAX | $672.0K |
| Income Tax Expense | $818.0K |
| Net Income from Continuing Ops | -$146.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$146.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$146.0K |
| D&A | $303.0K |
| EBIT | $945.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$146.0K |
| Depreciation & Amortization | $308.0K |
| Stock-Based Compensation | $134.0K |
| Deferred Income Tax | $511.0K |
| Other Non-Cash Items | -$25.0K |
| Change in Working Capital | -$874.0K |
| OPERATING CASH FLOW | -$92.0K |
| Capital Expenditure | -$150.0K |
| Acquisitions (Net) | $495.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $345.0K |
| Net Debt Issuance | $360.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $360.0K |
| FREE CASH FLOW | -$242.0K |
| Net Change in Cash | $619.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $18M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $160.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $75M |
| Account Payables | $12M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $287.0K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$868.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $75M |
| Total Debt | $21M |
| Net Debt | $20M |
