| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $7M | -23.2% | -49.8% |
| Op. Income | -$2M | -$566.5K | $3M | -174.1% | -159.5% |
| Gross Margin | 22.8% | 42.5% | 74.9% | -19.7pp | -52.1pp |
| Net Margin | -43.4% | -20.0% | 38.0% | -23.5pp | -81.5pp |
| EPS (Diluted) | $-0.74 | $-0.44 | $1.29 | -68.2% | -157.4% |
| Free Cash Flow | -$7M | $9M | -$8M | -178.2% | 17.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $786.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $1M |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$55.5K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | -$795.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $953.5K |
| Other Non-Current Assets | $296M |
| TOTAL NON-CURRENT ASSETS | $297M |
| TOTAL ASSETS | $307M |
| Account Payables | $5M |
| Short-Term Debt | $42.4K |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$42.4K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $145M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $340.5K |
| Other Non-Current Liabilities | $340.5K |
| TOTAL NON-CURRENT LIABILITIES | $146M |
| TOTAL LIABILITIES | $150M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $704M |
| Retained Earnings | -$547M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $157M |
| Minority Interest | $0 |
| TOTAL EQUITY | $157M |
| TOTAL LIABILITIES & EQUITY | $307M |
| Total Debt | $145M |
| Net Debt | $138M |
