| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $6M | $8M | 23.7% | 2.5% |
| Op. Income | -$700.0K | -$914.0K | -$776.0K | 23.4% | 9.8% |
| Gross Margin | 15.6% | 16.9% | 17.6% | -1.3pp | -1.9pp |
| Net Margin | -10.7% | -11.3% | -9.8% | 0.6pp | -0.9pp |
| EPS (Diluted) | $-0.11 | $-0.11 | $-0.12 | 0.0% | 8.3% |
| Free Cash Flow | -$3M | -$5M | -$3M | 41.0% | 7.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $272.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $234.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$700.0K |
| Interest Income | $7.0K |
| Interest Expense | $160.0K |
| Other Income/Expenses | -$147.0K |
| INCOME BEFORE TAX | -$847.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$847.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$847.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$847.0K |
| D&A | $274.0K |
| EBIT | -$687.0K |
| EBITDA | -$413.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$847.0K |
| Depreciation & Amortization | $274.0K |
| Stock-Based Compensation | $156.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$111.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$614.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $299.0K |
| NET CASH FROM INVESTING | -$315.0K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $116.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $256.0K |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $9M |
| Goodwill | $576.0K |
| Intangible Assets | $215.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $150.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $22M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $768.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $600.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $22M |
| Total Debt | $7M |
| Net Debt | $6M |
