| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $212.0K | $212.0K | $299.0K | 0.0% | -29.1% |
| Op. Income | -$7M | -$10M | -$12M | 31.1% | 42.6% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 7554.7% | -4576.9% | -3834.8% | 12131.6pp | 11389.5pp |
| EPS (Diluted) | $2.84 | $-1.76 | $-2.08 | 261.4% | 236.5% |
| Free Cash Flow | -$7M | -$8M | -$14M | 21.8% | 51.6% |
| Item | Amount |
|---|---|
| REVENUE | $212.0K |
| Cost of Revenue | $35.0K |
| GROSS PROFIT | $212.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$7M |
| Interest Income | $462.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $35.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $35.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $20M |
| Purchases of Investments | -$738.0K |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $27M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $224.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $810.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $68M |
| Account Payables | $269.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $424.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $108.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$108.0K |
| TOTAL NON-CURRENT LIABILITIES | $108.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $359M |
| Retained Earnings | -$296M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $24.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $198.0K |
| Net Debt | -$32M |
