| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $14M | $14M | 32.9% | 36.9% |
| Op. Income | $570.1K | -$2M | -$7M | 131.3% | 108.5% |
| Gross Margin | 35.7% | 31.3% | -12.5% | 4.4pp | 48.2pp |
| Net Margin | 1.4% | -14.3% | -49.7% | 15.7pp | 51.1pp |
| EPS (Diluted) | $0.01 | $-0.09 | $-0.32 | 112.3% | 103.6% |
| Free Cash Flow | -$4M | -$529.2K | $822.1K | -602.1% | -552.0% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $570.1K |
| Interest Income | $36.4K |
| Interest Expense | $15.1K |
| Other Income/Expenses | -$39.7K |
| INCOME BEFORE TAX | $530.4K |
| Income Tax Expense | $266.9K |
| Net Income from Continuing Ops | $263.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263.5K |
| D&A | $225.8K |
| EBIT | $545.4K |
| EBITDA | $771.2K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $570.1K |
| Interest Income | $36.4K |
| Interest Expense | $15.1K |
| Other Income/Expenses | -$39.7K |
| INCOME BEFORE TAX | $530.4K |
| Income Tax Expense | $266.9K |
| Net Income from Continuing Ops | $263.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263.5K |
| D&A | $225.8K |
| EBIT | $545.4K |
| EBITDA | $771.2K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $263.5K |
| Depreciation & Amortization | $195.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$238.7K |
| Other Non-Cash Items | $343.2K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$294.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $733.6K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$206.5K |
| NET CASH FROM FINANCING | $815.7K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $15M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $6M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $38.1K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $43M |
| Account Payables | $6M |
| Short-Term Debt | $2M |
| Deferred Revenue | $123.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $39.8K |
| Other Non-Current Liabilities | -$4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $17M |
| Common Stock | $2.2K |
| Additional Paid-In Capital | $51M |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $996.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $43M |
| Total Debt | $6M |
| Net Debt | -$8.9K |
