| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | 1.7% | -0.2% |
| Op. Income | -$725.0K | -$636.0K | -$788.0K | -14.0% | 8.0% |
| Gross Margin | 42.4% | 43.6% | 43.6% | -1.3pp | -1.2pp |
| Net Margin | -22.3% | -23.1% | -23.6% | 0.8pp | 1.3pp |
| EPS (Diluted) | $-0.08 | $-0.09 | $-0.11 | 7.9% | 27.3% |
| Free Cash Flow | -$793.0K | -$427.0K | -$1M | -85.7% | 35.5% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $7.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$725.0K |
| Interest Income | $0 |
| Interest Expense | $10.0K |
| Other Income/Expenses | $78.0K |
| INCOME BEFORE TAX | -$647.0K |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | -$653.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$653.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$653.0K |
| D&A | $113.0K |
| EBIT | -$637.0K |
| EBITDA | -$524.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$653.0K |
| Depreciation & Amortization | $112.0K |
| Stock-Based Compensation | $205.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.0K |
| Change in Working Capital | -$448.0K |
| OPERATING CASH FLOW | -$785.0K |
| Capital Expenditure | -$8.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8.0K |
| Net Debt Issuance | -$37.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$793.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $938.0K |
| Short-Term Investments | $0 |
| Net Receivables | $839.0K |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $4M |
| Goodwill | $1M |
| Intangible Assets | $712.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $95.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $12M |
| Account Payables | $795.0K |
| Short-Term Debt | $99.0K |
| Deferred Revenue | $180.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $515.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $25M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $390.0K |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $3M |
| Net Debt | $2M |
