| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $8M | $11M | 44.1% | 10.3% |
| Op. Income | -$2M | -$4M | -$4M | 50.1% | 46.6% |
| Gross Margin | 7.1% | 10.2% | -7.8% | -3.1pp | 14.9pp |
| Net Margin | 14.0% | -20.6% | -16.9% | 34.6pp | 30.9pp |
| EPS (Diluted) | $0.06 | $-0.06 | $-0.07 | 197.2% | 190.5% |
| Free Cash Flow | -$15M | $26M | -$16M | -155.9% | 10.8% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $844.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$2M |
| Interest Income | $177.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $699.0K |
| Income Tax Expense | -$972.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $2M |
| EBIT | $699.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | -$133.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$49.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $17M |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $64M |
| Long-Term Investments | $34M |
| Tax Assets | $0 |
| Other Non-Current Assets | $436M |
| TOTAL NON-CURRENT ASSETS | $593M |
| TOTAL ASSETS | $630M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $92M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $141M |
| Common Stock | $13M |
| Additional Paid-In Capital | $350M |
| Retained Earnings | $110M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $87.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $15M |
| TOTAL EQUITY | $489M |
| TOTAL LIABILITIES & EQUITY | $630M |
| Total Debt | $92M |
| Net Debt | $88M |
