| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $177.0K | $155.0K | $142.0K | 14.2% | 24.6% |
| Op. Income | -$2M | -$2M | -$2M | -8.3% | 6.4% |
| Gross Margin | -131.1% | -155.5% | -59.2% | 24.4pp | -71.9pp |
| Net Margin | -418.6% | 1923.9% | -1449.3% | -2342.5pp | 1030.7pp |
| EPS (Diluted) | $-0.02 | $0.08 | $-0.07 | -124.9% | 73.8% |
| Free Cash Flow | -$2M | -$2M | -$2M | 31.9% | 18.5% |
| Item | Amount |
|---|---|
| REVENUE | $177.0K |
| Cost of Revenue | $409.0K |
| GROSS PROFIT | -$232.0K |
| R&D Expenses | $323.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $6.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$741.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$741.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$741.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$741.0K |
| D&A | $10.0K |
| EBIT | -$735.0K |
| EBITDA | -$725.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$741.0K |
| Depreciation & Amortization | $10.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $540.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$12.0K |
| Common Stock Repurchased | -$11.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $477.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $27.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149.0K |
| Short-Term Investments | $0 |
| Net Receivables | $582.0K |
| Inventory | $0 |
| Other Current Assets | $715.0K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $60.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $60.0K |
| TOTAL ASSETS | $2M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $770.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $440.0K |
| TOTAL NON-CURRENT LIABILITIES | $440.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $97M |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $0 |
| Net Debt | -$149.0K |
