| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $0 | $0 | — | — |
| Op. Income | -$16M | -$12M | -$20M | -27.1% | 19.5% |
| Gross Margin | 70.8% | — | — | — | — |
| Net Margin | -1338.8% | — | — | — | — |
| EPS (Diluted) | $-0.55 | $-1.50 | $-0.89 | 63.3% | 38.2% |
| Free Cash Flow | -$12M | -$17M | -$20M | 28.2% | 39.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $439.8K |
| GROSS PROFIT | $1M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $49.4K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $29.4K |
| EBIT | -$20M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $29.4K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3 |
| Net Debt Issuance | -$907.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $4M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $238.3K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $592.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $464.4K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $22M |
| Account Payables | $10M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $60M |
| Common Stock | $434.8K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$592M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$37M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$37M |
| TOTAL LIABILITIES & EQUITY | $22M |
| Total Debt | $35M |
| Net Debt | $26M |
