| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $60M | $65M | -11.1% | -18.9% |
| Op. Income | -$450.0K | $554.0K | -$3M | -181.2% | 85.4% |
| Gross Margin | 28.1% | 29.1% | 27.4% | -0.9pp | 0.8pp |
| Net Margin | -1.3% | 3.9% | -3.1% | -5.2pp | 1.8pp |
| EPS (Diluted) | $-0.03 | $0.11 | $-0.10 | -131.2% | 65.4% |
| Free Cash Flow | -$2M | $6M | -$4M | -131.7% | 47.7% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $11M |
| SG&A Expenses | $14M |
| Other Expenses | $2M |
| Operating Expenses | $15M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$450.0K |
| Interest Income | $28.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $208.0K |
| INCOME BEFORE TAX | -$242.0K |
| Income Tax Expense | $465.0K |
| Net Income from Continuing Ops | -$707.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$707.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$707.0K |
| D&A | $2M |
| EBIT | -$450.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$707.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $452.0K |
| Deferred Income Tax | $465.0K |
| Other Non-Cash Items | $148.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$777.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$777.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $12M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $68M |
| PP&E (Net) | $30M |
| Goodwill | $27M |
| Intangible Assets | $10M |
| Long-Term Investments | $5M |
| Tax Assets | $5M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $145M |
| Account Payables | $11M |
| Short-Term Debt | $453.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $652.0K |
| TOTAL LIABILITIES | $49M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $78M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96M |
| Minority Interest | $0 |
| TOTAL EQUITY | $96M |
| TOTAL LIABILITIES & EQUITY | $145M |
| Total Debt | $1M |
| Net Debt | -$49M |
