| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | — | $72M | — | 0.9% |
| Op. Income | -$4M | — | -$6M | — | 32.5% |
| Gross Margin | 43.8% | — | 40.6% | — | 3.2pp |
| Net Margin | -98.5% | — | -13.7% | — | -84.7pp |
| EPS (Diluted) | $-14.56 | — | $-2.06 | — | -606.7% |
| Free Cash Flow | -$4M | — | -$10M | — | 59.5% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $32M |
| R&D Expenses | $8M |
| Selling & Marketing | $12M |
| General & Administrative | $14M |
| SG&A Expenses | $27M |
| Other Expenses | $1M |
| Operating Expenses | $36M |
| Cost & Expenses | $76M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | $70.0K |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $1M |
| EBIT | -$65M |
| EBITDA | -$63M |
| EPS | -$15 |
| EPS Diluted | -$15 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $735.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $64M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$3M |
| 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 | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $21M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $114M |
| PP&E (Net) | $20M |
| Goodwill | $13M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $711.0K |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $168M |
| Account Payables | $35M |
| Short-Term Debt | $136M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $35M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $363M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $741M |
| Retained Earnings | -$933M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$195M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$195M |
| TOTAL LIABILITIES & EQUITY | $168M |
| Total Debt | $146M |
| Net Debt | $126M |
