| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $8M | 6.0% | -11.6% |
| Op. Income | -$1M | -$146.3K | $106.2K | -733.2% | -1247.0% |
| Gross Margin | 12.3% | 24.4% | 23.3% | -12.1pp | -11.0pp |
| Net Margin | -20.6% | -5.2% | -0.2% | -15.3pp | -20.4pp |
| EPS (Diluted) | $-0.04 | $-0.01 | $-0.00 | -330.1% | -9900.0% |
| Free Cash Flow | $496.3K | -$548.1K | $43.8K | 190.5% | 1032.5% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $854.4K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $214.4K |
| Other Income/Expenses | -$210.5K |
| 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 | $646.5K |
| EBIT | -$1M |
| EBITDA | -$568.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $646.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $185.6K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $535.3K |
| Capital Expenditure | -$39.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39.0K |
| Net Debt Issuance | $1.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$207.1K |
| NET CASH FROM FINANCING | -$205.4K |
| FREE CASH FLOW | $496.3K |
| Net Change in Cash | $290.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $577.9K |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $270.4K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $25M |
| Account Payables | $2M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.4K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $3.7K |
| Additional Paid-In Capital | $3M |
| Retained Earnings | $7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $11M |
| Net Debt | $11M |
