| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $4M | -16.3% | -56.3% |
| Op. Income | -$13M | -$4M | -$3M | -209.7% | -287.4% |
| Gross Margin | -576.1% | -7.0% | 15.6% | -569.1pp | -591.7pp |
| Net Margin | -704.1% | -225.5% | -95.1% | -478.6pp | -609.0pp |
| EPS (Diluted) | $-0.90 | $-0.36 | $-0.33 | -150.0% | -172.7% |
| Free Cash Flow | -$905.0K | -$655.7K | -$7M | -38.0% | 87.8% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $11M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $33.3K |
| Operating Expenses | $4M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $93.3K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $260.1K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $268.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $215.2K |
| Acquisitions (Net) | $32.9K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $248.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$905.0K |
| Net Change in Cash | -$572.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387.3K |
| Short-Term Investments | $0 |
| Net Receivables | $174.8K |
| Inventory | $12M |
| Other Current Assets | $959.9K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $26M |
| Account Payables | $818.8K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $12.2K |
| Additional Paid-In Capital | $99M |
| Retained Earnings | -$80M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19M |
| Minority Interest | $0 |
| TOTAL EQUITY | $19M |
| TOTAL LIABILITIES & EQUITY | $26M |
| Total Debt | $5M |
| Net Debt | $4M |
