| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | 2.0% | -25.0% |
| Op. Income | -$1M | -$2M | -$2M | 33.1% | 30.4% |
| Gross Margin | -17.3% | -38.4% | -4.1% | 21.1pp | -13.3pp |
| Net Margin | -50.8% | -93.7% | -52.9% | 42.9pp | 2.1pp |
| EPS (Diluted) | $-0.38 | $-0.93 | $-0.92 | 59.1% | 58.7% |
| Free Cash Flow | -$115.5K | -$1M | -$376.7K | 88.7% | 69.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$400.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $733.8K |
| Other Expenses | $0 |
| Operating Expenses | $733.8K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $231 |
| Other Income/Expenses | -$40.2K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $120.7K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $120.7K |
| Stock-Based Compensation | $33.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24.1K |
| Change in Working Capital | $880.8K |
| OPERATING CASH FLOW | -$115.5K |
| Capital Expenditure | $5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $568 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $115.8K |
| NET CASH FROM FINANCING | $116.4K |
| FREE CASH FLOW | -$115.5K |
| Net Change in Cash | $878 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5K |
| Short-Term Investments | $0 |
| Net Receivables | $866.2K |
| Inventory | $0 |
| Other Current Assets | $20.5K |
| TOTAL CURRENT ASSETS | $890.2K |
| PP&E (Net) | $3M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $381.0K |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $12M |
| Account Payables | $4M |
| Short-Term Debt | $27.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $63.1K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $877 |
| Additional Paid-In Capital | $78M |
| Retained Earnings | -$73M |
| Treasury Stock | -$110.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $135.0K |
| Net Debt | $131.5K |
