| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $4M | $970.0K | -45.4% | 149.0% |
| Op. Income | -$40M | -$85M | -$67M | 52.4% | 39.5% |
| Gross Margin | -1098.3% | 100.0% | 100.0% | -1198.3pp | -1198.3pp |
| Net Margin | -1513.1% | -2845.4% | -6082.6% | 1332.3pp | 4569.5pp |
| EPS (Diluted) | $-0.68 | $-2.34 | $-1.10 | 70.9% | 38.2% |
| Free Cash Flow | -$41M | -$46M | -$45M | 12.6% | 10.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $29M |
| GROSS PROFIT | -$27M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$28M |
| Operating Expenses | $14M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$40M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $371.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $229.0K |
| EBIT | -$36M |
| EBITDA | -$36M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $229.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $715.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$10.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$17.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17.0K |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $340M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $353M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $538.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $295M |
| Minority Interest | $0 |
| TOTAL EQUITY | $295M |
| TOTAL LIABILITIES & EQUITY | $353M |
| Total Debt | $9M |
| Net Debt | -$322M |
