| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $16M | $28M | -0.9% | -43.8% |
| Op. Income | -$2M | -$1M | $2M | -17.4% | -181.8% |
| Gross Margin | 14.3% | 15.6% | 22.0% | -1.3pp | -7.8pp |
| Net Margin | -11.0% | -9.3% | 5.9% | -1.7pp | -16.9pp |
| EPS (Diluted) | $-0.05 | $-0.04 | $0.05 | -14.9% | -197.5% |
| Free Cash Flow | -$2M | $2M | $4M | -191.4% | -137.6% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $531.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$2M |
| Interest Income | $55.0K |
| Interest Expense | $285.0K |
| Other Income/Expenses | -$169.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $61.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $544.0K |
| Stock-Based Compensation | $532.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $467.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$229.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$322.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$750.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $10M |
| Net Receivables | $8M |
| Inventory | $4M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $38M |
| PP&E (Net) | $9M |
| Goodwill | $921.0K |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $561.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $57M |
| Account Payables | $2M |
| Short-Term Debt | $462.0K |
| Deferred Revenue | $203.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $439M |
| Retained Earnings | -$402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $73.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $0 |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $13M |
| Net Debt | -$485.0K |
