| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $346.1K | $622.5K | $645.8K | -44.4% | -46.4% |
| Op. Income | -$4M | -$2M | -$1M | -93.7% | -171.9% |
| Gross Margin | 19.8% | 25.2% | 27.8% | -5.4pp | -8.0pp |
| Net Margin | -1119.0% | -321.4% | -211.1% | -797.6pp | -907.9pp |
| EPS (Diluted) | $-0.32 | $-2.12 | $-0.12 | 84.9% | -166.7% |
| Free Cash Flow | -$2M | -$1M | -$1M | -34.0% | -65.8% |
| Item | Amount |
|---|---|
| REVENUE | $346.1K |
| Cost of Revenue | $277.6K |
| GROSS PROFIT | $68.5K |
| R&D Expenses | $457.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $13.5K |
| Interest Expense | $5.5K |
| Other Income/Expenses | $8.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $43.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $43.1K |
| Stock-Based Compensation | $63.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$467.7K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5.3K |
| NET CASH FROM INVESTING | -$5.3K |
| Net Debt Issuance | -$5.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $69.6K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $147.6K |
| Inventory | $136.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $669.0K |
| Goodwill | $2M |
| Intangible Assets | $215.6K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $8M |
| Account Payables | $605.2K |
| Short-Term Debt | $160.3K |
| Deferred Revenue | $7.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $772.5K |
| Long-Term Debt | $56.1K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41.6K |
| TOTAL NON-CURRENT LIABILITIES | $97.7K |
| TOTAL LIABILITIES | $870.2K |
| Common Stock | $12.2K |
| Additional Paid-In Capital | $53M |
| Retained Earnings | -$46M |
| Treasury Stock | -$86.9K |
| Accum. Other Comp. Income | -$304 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $216.4K |
| Net Debt | -$5M |
