| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $4M | 45.7% | -15.8% |
| Op. Income | -$1M | -$2M | -$3M | 33.0% | 55.9% |
| Gross Margin | 56.2% | 48.3% | 47.0% | 7.9pp | 9.1pp |
| Net Margin | -37.4% | -82.4% | -70.6% | 45.0pp | 33.2pp |
| EPS (Diluted) | $-0.17 | $-0.31 | $-0.98 | 45.2% | 82.7% |
| Free Cash Flow | -$2M | -$2M | -$683.0K | 24.2% | -131.6% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$20.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| 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 | $67.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $67.0K |
| Stock-Based Compensation | $131.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55.0K |
| Change in Working Capital | -$591.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$34.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34.0K |
| Net Debt Issuance | -$6.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $104.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $350.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $560.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $106.0K |
| TOTAL NON-CURRENT ASSETS | $666.0K |
| TOTAL ASSETS | $6M |
| Account Payables | $1M |
| Short-Term Debt | $92.0K |
| Deferred Revenue | $14.0K |
| Other Current Liabilities | $901.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $100.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65.0K |
| TOTAL NON-CURRENT LIABILITIES | $165.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$181M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $184M |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $192.0K |
| Net Debt | -$2M |
