| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | 28.5% | -6.3% |
| Op. Income | -$3M | -$3M | -$2M | 7.2% | -76.0% |
| Gross Margin | 65.2% | 55.5% | 70.0% | 9.6pp | -4.8pp |
| Net Margin | 21.1% | -727.7% | 99.6% | 748.8pp | -78.5pp |
| EPS (Diluted) | $0.56 | $-60.99 | $73.08 | 100.9% | -99.2% |
| Free Cash Flow | -$3M | -$2M | -$2M | -54.5% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $772.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $603.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $468.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $468.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $468.0K |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $469.0K |
| D&A | $0 |
| EBIT | $468.0K |
| EBITDA | $468.0K |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $468.0K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$677.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$98.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$98.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $776.0K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $763.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21.0K |
| TOTAL NON-CURRENT ASSETS | $784.0K |
| TOTAL ASSETS | $8M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $599.0K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $420.0K |
| TOTAL NON-CURRENT LIABILITIES | $548.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $0 |
| Additional Paid-In Capital | $318M |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $383.0K |
| Net Debt | -$3M |
