| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $309.3K | $332.2K | $0 | -6.9% | — |
| Op. Income | -$26M | -$26M | -$23M | 2.3% | -11.9% |
| Gross Margin | 100.0% | -5612.3% | — | 5712.3pp | — |
| Net Margin | -6936.2% | -9722.2% | — | 2786.0pp | — |
| EPS (Diluted) | $-0.41 | $-0.62 | $-0.61 | 34.7% | 33.3% |
| Free Cash Flow | -$17M | -$22M | -$13M | 22.0% | -27.9% |
| Item | Amount |
|---|---|
| REVENUE | $309.3K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $309.3K |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$26M |
| Interest Income | $696.6K |
| Interest Expense | $257.6K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $16.5K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $193.5K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $193.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$157.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$140.0K |
| Common Stock Repurchased | -$5.1K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $192M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $677.1K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $214M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $47M |
| Common Stock | $711.5K |
| Additional Paid-In Capital | $594M |
| Retained Earnings | -$459M |
| Treasury Stock | -$44.5K |
| Accum. Other Comp. Income | $31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $166M |
| Minority Interest | $0 |
| TOTAL EQUITY | $166M |
| TOTAL LIABILITIES & EQUITY | $214M |
| Total Debt | $3M |
| Net Debt | -$56M |
