| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $1M | 24.9% | 113.2% |
| Op. Income | -$2M | -$2M | -$1M | 0.2% | -38.0% |
| Gross Margin | 67.2% | 67.6% | 66.5% | -0.5pp | 0.7pp |
| Net Margin | -61.2% | -73.5% | -87.5% | 12.3pp | 26.3pp |
| EPS (Diluted) | $-34.33 | $-33.71 | $-21.79 | -1.8% | -57.5% |
| Free Cash Flow | -$1M | -$1M | -$1M | -3.2% | -3.8% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $848.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $182.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $20.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$76.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $84.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$34 |
| EPS Diluted | -$34 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $92.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $411.0K |
| Change in Working Capital | -$247.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$93.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$93.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39.0K |
| NET CASH FROM FINANCING | -$39.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $85.0K |
| Inventory | $1M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $982.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $74.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $5M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $965.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $65.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $46.0K |
| Additional Paid-In Capital | $29M |
| Retained Earnings | -$26M |
| Treasury Stock | -$500.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $106.0K |
| Net Debt | -$2M |
