| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -42.4% | 2.6% |
| Op. Income | -$2M | -$2M | -$4M | -13.1% | 37.7% |
| Gross Margin | 7.8% | 31.7% | 37.7% | -24.0pp | -30.0pp |
| Net Margin | -90.9% | -48.9% | -115.8% | -41.9pp | 24.9pp |
| EPS (Diluted) | $-0.17 | $-0.17 | $-0.27 | -3.5% | 35.7% |
| Free Cash Flow | -$2M | -$1M | -$3M | -36.8% | 32.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $137.8K |
| R&D Expenses | $457.4K |
| Selling & Marketing | $304.3K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $544.2K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $2 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $104.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $326.1K |
| Stock-Based Compensation | $359.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$453.6K |
| Change in Working Capital | -$167.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$302.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$821.9K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$119.1K |
| NET CASH FROM FINANCING | -$119.1K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $525.9K |
| Net Receivables | $13M |
| Inventory | $2M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $77M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $101 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $16.9K |
| Additional Paid-In Capital | $101M |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | -$2M |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $77M |
| Total Debt | $5M |
| Net Debt | -$9M |
