| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $10M | $4M | 28.3% | 192.5% |
| Op. Income | -$2M | $97.0K | -$3M | -1991.8% | 42.7% |
| Gross Margin | 48.1% | 59.1% | 52.8% | -11.1pp | -4.8pp |
| Net Margin | -29.0% | -2.6% | -74.0% | -26.4pp | 45.0pp |
| EPS (Diluted) | $-0.02 | $-0.00 | $-0.02 | -1376.9% | 4.0% |
| Free Cash Flow | -$8M | -$4M | -$844.0K | -118.2% | -874.3% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $6M |
| R&D Expenses | $786.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $2M |
| Operating Expenses | $8M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $176.6K |
| Other Income/Expenses | -$35.6K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $297.2K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $297.2K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $210.6K |
| Other Non-Cash Items | $513.2K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$755.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$755.1K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $20M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $155.1K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $70M |
| Account Payables | $5M |
| Short-Term Debt | $10M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $189.4K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $19.4K |
| Additional Paid-In Capital | $93M |
| Retained Earnings | -$53M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$404.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40M |
| Minority Interest | $0 |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $13M |
| Net Debt | $978.7K |
