| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $1M | -18.4% | 139.4% |
| Op. Income | -$37M | -$39M | -$33M | 4.1% | -13.6% |
| Gross Margin | 69.5% | 100.0% | 100.0% | -30.5pp | -30.5pp |
| Net Margin | -1422.1% | -1201.3% | -2849.1% | -220.8pp | 1427.0pp |
| EPS (Diluted) | $-0.28 | $-0.28 | $-0.25 | 0.0% | -12.0% |
| Free Cash Flow | -$34M | -$35M | -$29M | 1.9% | -15.7% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $767.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $699.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $767.0K |
| EBIT | -$35M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $767.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$173.0K |
| Change in Working Capital | -$359.0K |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $1.0K |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $112.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $170M |
| Short-Term Investments | $15M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $188M |
| PP&E (Net) | $69M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $288.0K |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $262M |
| Account Payables | $6M |
| Short-Term Debt | $7M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278.0K |
| TOTAL NON-CURRENT LIABILITIES | $89M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $626M |
| Retained Earnings | -$482M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $262M |
| Total Debt | $96M |
| Net Debt | -$74M |
