| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $8M | -19.9% | -43.2% |
| Op. Income | -$17M | -$15M | -$32M | -13.1% | 47.7% |
| Gross Margin | 3.4% | 3.1% | 0.7% | 0.2pp | 2.6pp |
| Net Margin | -351.8% | -219.3% | -448.2% | -132.5pp | 96.4pp |
| EPS (Diluted) | $-3.30 | $-2.59 | $-7.80 | -27.6% | 57.7% |
| Free Cash Flow | -$14M | -$16M | -$16M | 15.5% | 15.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $157.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $3M |
| Operating Expenses | $17M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $27.0K |
| Other Income/Expenses | $630.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $78.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $3M |
| EBIT | -$16M |
| EBITDA | -$13M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $86.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$190M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $20M |
| Net Receivables | $16M |
| Inventory | $635.0K |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $229M |
| Goodwill | $0 |
| Intangible Assets | $51.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $243M |
| TOTAL ASSETS | $327M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $387.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $400M |
| Retained Earnings | -$94M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $295M |
| Minority Interest | $0 |
| TOTAL EQUITY | $295M |
| TOTAL LIABILITIES & EQUITY | $327M |
| Total Debt | $6M |
| Net Debt | -$28M |
