| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $5M | 9.0% | 18.3% |
| Op. Income | -$61.0K | -$824.0K | -$597.0K | 92.6% | 89.8% |
| Gross Margin | 48.8% | 43.0% | 43.7% | 5.8pp | 5.0pp |
| Net Margin | -1.3% | 1.3% | -12.0% | -2.6pp | 10.7pp |
| EPS (Diluted) | $-0.05 | $0.05 | $-0.42 | -208.2% | 88.1% |
| Free Cash Flow | -$44.0K | $294.0K | -$68.0K | -115.0% | 35.3% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$61.0K |
| Interest Income | $0 |
| Interest Expense | $9.0K |
| Other Income/Expenses | -$18.0K |
| INCOME BEFORE TAX | -$79.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$79.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79.0K |
| D&A | $310.0K |
| EBIT | -$70.0K |
| EBITDA | $240.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$79.0K |
| Depreciation & Amortization | $437.0K |
| Stock-Based Compensation | $232.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $149.0K |
| Change in Working Capital | -$729.0K |
| OPERATING CASH FLOW | $10.0K |
| Capital Expenditure | -$54.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54.0K |
| Net Debt Issuance | -$41.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$44.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $788.0K |
| Other Current Assets | $618.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $21M |
| Account Payables | $1M |
| Short-Term Debt | $30.0K |
| Deferred Revenue | $276.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $55.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $117M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | $0 |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $4M |
| Net Debt | $1M |
