| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $22M | $19M | -9.2% | 9.8% |
| Op. Income | -$74M | $3M | $2M | -2836.9% | -4048.2% |
| Gross Margin | 64.0% | 58.5% | 71.5% | 5.5pp | -7.5pp |
| Net Margin | -330.6% | 13.7% | 16.9% | -344.3pp | -347.5pp |
| EPS (Diluted) | $-3.35 | $0.15 | $0.15 | -2333.3% | -2333.3% |
| Free Cash Flow | $8M | $6M | $5M | 40.0% | 66.1% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $13M |
| R&D Expenses | $1M |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $77M |
| Operating Expenses | $87M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$74M |
| Interest Income | $170.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $182.0K |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$297.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$793.0K |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7.0K |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $2M |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $1M |
| Goodwill | $43M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $430.0K |
| TOTAL NON-CURRENT ASSETS | $83M |
| TOTAL ASSETS | $134M |
| Account Payables | $2M |
| Short-Term Debt | $269.0K |
| Deferred Revenue | $4M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $450.0K |
| TOTAL LIABILITIES | $11M |
| Common Stock | $20M |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$274.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $134M |
| Total Debt | $719.0K |
| Net Debt | -$26M |
