| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $622.0K | $455.0K | $665.0K | 36.7% | -6.5% |
| Op. Income | -$4M | -$4M | -$3M | 17.8% | -9.7% |
| Gross Margin | 46.1% | 41.8% | 48.4% | 4.4pp | -2.3pp |
| Net Margin | -387.3% | -691.0% | -415.0% | 303.7pp | 27.7pp |
| EPS (Diluted) | $-0.12 | $-0.16 | $-0.25 | 25.0% | 52.0% |
| Free Cash Flow | -$2M | -$3M | -$2M | 28.2% | -4.0% |
| Item | Amount |
|---|---|
| REVENUE | $622.0K |
| Cost of Revenue | $335.0K |
| GROSS PROFIT | $287.0K |
| R&D Expenses | $679.0K |
| Selling & Marketing | $800.0K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $1M |
| Interest Expense | $37.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $4.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | -$8.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $98.0K |
| Change in Working Capital | -$162.0K |
| OPERATING CASH FLOW | -$2M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $350.0K |
| Inventory | $0 |
| Other Current Assets | $127.0K |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $639.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158.0K |
| TOTAL NON-CURRENT ASSETS | $797.0K |
| TOTAL ASSETS | $106M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $793.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $421M |
| Retained Earnings | -$323M |
| Treasury Stock | -$502.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $98M |
| Minority Interest | $0 |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $701.0K |
| Net Debt | -$103M |
