| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146.0K | $86.0K | $126.0K | 69.8% | 15.9% |
| Op. Income | -$2M | -$2M | -$1M | -28.4% | -73.5% |
| Gross Margin | -99.3% | 62.8% | 34.9% | -162.1pp | -134.2pp |
| Net Margin | -1778.1% | -2245.3% | -1135.7% | 467.3pp | -642.4pp |
| EPS (Diluted) | $-1.97 | $-2.19 | $-3.93 | 10.0% | 49.9% |
| Free Cash Flow | -$2M | -$2M | -$1M | -8.6% | -42.6% |
| Item | Amount |
|---|---|
| REVENUE | $146.0K |
| Cost of Revenue | $291.0K |
| GROSS PROFIT | -$145.0K |
| R&D Expenses | $858.0K |
| Selling & Marketing | $415.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $4.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$113.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $0 |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $139.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $440.0K |
| Change in Working Capital | $21.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$10.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $19.0K |
| Inventory | $4.0K |
| Other Current Assets | $267.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $12.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $6M |
| Account Payables | $465.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $173.0K |
| TOTAL CURRENT LIABILITIES | $638.0K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $638.0K |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $55M |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $0 |
| Net Debt | -$3M |
