| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $18M | $16M | 13.5% | 22.8% |
| Op. Income | $562.5K | -$429.2K | -$1M | 231.1% | 142.1% |
| Gross Margin | 31.7% | 30.4% | 24.2% | 1.3pp | 7.6pp |
| Net Margin | 1.5% | -4.0% | -9.6% | 5.5pp | 11.1pp |
| EPS (Diluted) | $0.04 | $-0.09 | $-0.20 | 140.2% | 118.0% |
| Free Cash Flow | -$2M | $73.4K | $473.8K | -3201.9% | -580.5% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $20.2K |
| Operating Expenses | $6M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $562.5K |
| Interest Income | $0 |
| Interest Expense | $260.0K |
| Other Income/Expenses | -$256.1K |
| INCOME BEFORE TAX | $306.4K |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | $302.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $301.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301.9K |
| D&A | $183.9K |
| EBIT | $566.0K |
| EBITDA | $749.9K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $20.2K |
| Operating Expenses | $6M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $562.5K |
| Interest Income | $0 |
| Interest Expense | $260.0K |
| Other Income/Expenses | -$256.1K |
| INCOME BEFORE TAX | $306.4K |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | $302.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $301.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301.9K |
| D&A | $183.9K |
| EBIT | $566.0K |
| EBITDA | $749.9K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $301.9K |
| Depreciation & Amortization | $183.9K |
| Stock-Based Compensation | $107.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27.7K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$77.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13.1K |
| NET CASH FROM INVESTING | -$90.3K |
| Net Debt Issuance | -$90.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$472.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421.4K |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $19M |
| Other Current Assets | $478.1K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $489.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $40M |
| Account Payables | $6M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155.8K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $16M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $3M |
| Net Debt | $2M |
