| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $8M | 7.9% | 3.1% |
| Op. Income | -$11M | -$12M | -$12M | 6.4% | 5.5% |
| Gross Margin | 29.0% | 26.8% | 8.2% | 2.2pp | 20.8pp |
| Net Margin | -146.8% | -163.3% | -148.9% | 16.5pp | 2.1pp |
| EPS (Diluted) | $-0.25 | $-0.27 | $-0.26 | 7.4% | 3.8% |
| Free Cash Flow | -$9M | -$10M | -$9M | 9.4% | -3.4% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $4M |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $2M |
| Operating Expenses | $14M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$11M |
| Interest Income | $371.0K |
| Interest Expense | $417.0K |
| Other Income/Expenses | -$125.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $804.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $804.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $532.0K |
| Change in Working Capital | -$28.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$73.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$879.0K |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $613.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $22M |
| Net Receivables | $5M |
| Inventory | $21M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $495.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $84M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $698.0K |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $442.0K |
| Additional Paid-In Capital | $554M |
| Retained Earnings | -$510M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $84M |
| Total Debt | $24M |
| Net Debt | $5M |
