| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $10M | $14M | 6.7% | -26.8% |
| Op. Income | -$187M | -$21M | -$20M | -809.5% | -836.4% |
| Gross Margin | 68.5% | 66.9% | 73.9% | 1.5pp | -5.4pp |
| Net Margin | -2435.9% | -869.7% | -30.4% | -1566.3pp | -2405.5pp |
| EPS (Diluted) | $-22.17 | $-7.42 | $-1.21 | -198.8% | -1732.2% |
| Free Cash Flow | $9M | $7M | $5M | 21.0% | 71.9% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $7M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $189M |
| Other Expenses | $1M |
| Operating Expenses | $194M |
| Cost & Expenses | $197M |
| OPERATING INCOME | -$187M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | -$258M |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | -$258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$257M |
| D&A | $1M |
| EBIT | -$255M |
| EBITDA | -$254M |
| EPS | -$22 |
| EPS Diluted | -$22 |
| Item | Amount |
|---|---|
| Net Income | -$258M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $310M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | $300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $8M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$152.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $878.0K |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $1M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $2M |
| Goodwill | $13M |
| Intangible Assets | $30M |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $197M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $276M |
| Account Payables | $67M |
| Short-Term Debt | $55M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $417.0K |
| TOTAL CURRENT LIABILITIES | $359M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $456M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $785M |
| Retained Earnings | -$889M |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$177M |
| Minority Interest | -$3M |
| TOTAL EQUITY | -$180M |
| TOTAL LIABILITIES & EQUITY | $276M |
| Total Debt | $68M |
| Net Debt | $67M |
