| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132.0K | $6M | $173.0K | -97.9% | -23.7% |
| Op. Income | -$13M | -$5M | -$13M | -146.9% | 5.3% |
| Gross Margin | 87.1% | 100.0% | 100.0% | -12.9pp | -12.9pp |
| Net Margin | -9210.6% | -74.7% | -8096.0% | -9135.9pp | -1114.7pp |
| EPS (Diluted) | $-0.17 | $-0.07 | $-0.20 | -158.0% | 15.0% |
| Free Cash Flow | -$13M | -$5M | -$15M | -169.6% | 14.2% |
| Item | Amount |
|---|---|
| REVENUE | $132.0K |
| Cost of Revenue | $17.0K |
| GROSS PROFIT | $115.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $365.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $17.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $17.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $960.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $5M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $64M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $718.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $376M |
| Retained Earnings | -$331M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$126.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $14M |
| Net Debt | -$7M |
