| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $14M | $15M | 1.7% | -7.6% |
| Op. Income | -$3M | -$5M | -$2M | 47.3% | -15.3% |
| Gross Margin | 55.6% | 34.6% | 40.5% | 21.0pp | 15.0pp |
| Net Margin | -19.3% | -37.0% | -181.3% | 17.7pp | 161.9pp |
| EPS (Diluted) | $-0.03 | $-0.06 | $-6.78 | 46.9% | 99.5% |
| Free Cash Flow | -$5M | $918.0K | -$3M | -672.7% | -98.2% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $46.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$3M |
| Interest Income | $11M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$5.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $319.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $319.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$19.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$195.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$831.0K |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $92M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $121.0K |
| Long-Term Investments | $600M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $674M |
| TOTAL ASSETS | $951M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $831M |
| TOTAL CURRENT LIABILITIES | $831M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $856M |
| Common Stock | $204M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$97M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $951M |
| Total Debt | $16M |
| Net Debt | -$165M |
