| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $63M | $0 | -12.0% | — |
| Op. Income | $1M | -$236.9K | -$26.4K | 576.1% | 4364.7% |
| Gross Margin | 31.4% | 27.5% | — | 3.8pp | — |
| Net Margin | -8.1% | 4.7% | — | -12.8pp | — |
| EPS (Diluted) | $-0.04 | $0.10 | $-0.00 | -140.8% | -3900.0% |
| Free Cash Flow | -$3M | -$7M | — | 55.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $17M |
| R&D Expenses | $929.0K |
| Selling & Marketing | $6M |
| General & Administrative | $10M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $1M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $85.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $0 |
| EBIT | -$151.2K |
| EBITDA | -$151.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $240.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $567.1K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$777.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $915.0K |
| NET CASH FROM INVESTING | $138.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $157M |
| Goodwill | $21M |
| Intangible Assets | $0 |
| Long-Term Investments | $230M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$226M |
| TOTAL NON-CURRENT ASSETS | $182M |
| TOTAL ASSETS | $228M |
| Account Payables | $0 |
| Short-Term Debt | $50M |
| Deferred Revenue | $118M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $193M |
| Long-Term Debt | $106M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $169M |
| TOTAL LIABILITIES | $362M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$299M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $165M |
| TOTAL STOCKHOLDERS' EQUITY | -$134M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$134M |
| TOTAL LIABILITIES & EQUITY | $228M |
| Total Debt | $157M |
| Net Debt | $143M |
