| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $860.0K | $1M | $871.0K | -15.3% | -1.3% |
| Op. Income | -$8M | -$8M | -$7M | 0.4% | -10.5% |
| Gross Margin | 46.4% | 53.3% | 45.0% | -6.9pp | 1.4pp |
| Net Margin | -434.9% | -737.6% | -814.7% | 302.8pp | 379.8pp |
| EPS (Diluted) | $-0.09 | $-0.20 | $-0.27 | 55.0% | 66.7% |
| Free Cash Flow | -$7M | -$5M | -$5M | -25.3% | -48.0% |
| Item | Amount |
|---|---|
| REVENUE | $860.0K |
| Cost of Revenue | $461.0K |
| GROSS PROFIT | $399.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $221.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $300.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $350.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$384.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $679.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $30M |
| Net Receivables | $2M |
| Inventory | $76.0K |
| Other Current Assets | $434.0K |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $330.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $73M |
| Account Payables | $565.0K |
| Short-Term Debt | $976.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $816.0K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $531M |
| Retained Earnings | -$479M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $73M |
| Total Debt | $10M |
| Net Debt | -$17M |
