| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $8M | $8M | -30.1% | -30.9% |
| Op. Income | -$26M | -$1M | -$2M | -2042.0% | -1441.7% |
| Gross Margin | -3.7% | 16.4% | 26.7% | -20.1pp | -30.4pp |
| Net Margin | -487.6% | -15.4% | -41.4% | -472.1pp | -446.2pp |
| EPS (Diluted) | $-0.58 | $-0.38 | $-1.77 | -52.6% | 67.2% |
| Free Cash Flow | -$2M | -$661.3K | $35.9K | -145.0% | -4612.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | -$195.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $20M |
| Operating Expenses | $26M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$26M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $577.0K |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $577.0K |
| Stock-Based Compensation | -$143.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$305M |
| NET CASH FROM INVESTING | -$305M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $46.6K |
| NET CASH FROM FINANCING | $330M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $254.8K |
| Inventory | $5M |
| Other Current Assets | $287M |
| TOTAL CURRENT ASSETS | $317M |
| PP&E (Net) | $5.2K |
| Goodwill | $22M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $356M |
| Account Payables | $2M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $17M |
| Common Stock | $187.3K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$142M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $481M |
| TOTAL STOCKHOLDERS' EQUITY | $339M |
| Minority Interest | -$414.5K |
| TOTAL EQUITY | $338M |
| TOTAL LIABILITIES & EQUITY | $356M |
| Total Debt | $7M |
| Net Debt | -$17M |
