| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | — | $36M | — | -18.9% |
| Op. Income | -$26M | — | -$3M | — | -913.7% |
| Gross Margin | 26.7% | — | 30.3% | — | -3.6pp |
| Net Margin | -89.5% | — | -6.7% | — | -82.8pp |
| EPS (Diluted) | $-0.23 | — | $-0.03 | — | -755.0% |
| Free Cash Flow | $55.0K | — | $7M | — | -99.2% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $176.0K |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $3M |
| Operating Expenses | $34M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$26M |
| Interest Expense | $171.4K |
| Other Income/Expenses | -$9.7K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $5M |
| EBIT | -$26M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$803.6K |
| Common Stock Repurchased | -$81.1K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $55.0K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $47M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $59M |
| Goodwill | $91M |
| Intangible Assets | $106M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $399.9K |
| TOTAL NON-CURRENT ASSETS | $257M |
| TOTAL ASSETS | $355M |
| Account Payables | $22M |
| Short-Term Debt | $514.9K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $116.5K |
| Additional Paid-In Capital | $434M |
| Retained Earnings | -$126M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $300M |
| Minority Interest | $0 |
| TOTAL EQUITY | $300M |
| TOTAL LIABILITIES & EQUITY | $355M |
| Total Debt | $13M |
| Net Debt | -$19M |
