| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $24M | $14M | 27.3% | 115.0% |
| Op. Income | $649.0K | -$2M | -$10M | 143.2% | 106.2% |
| Gross Margin | 42.7% | 44.7% | 12.5% | -2.1pp | 30.2pp |
| Net Margin | -7.1% | -18.4% | -92.1% | 11.3pp | 85.1pp |
| EPS (Diluted) | $-0.03 | $-0.07 | $-0.22 | 53.6% | 85.0% |
| Free Cash Flow | $1M | $8M | -$874.0K | -80.4% | 269.1% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $13M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $649.0K |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $230.0K |
| 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 | $301.0K |
| EBIT | $925.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $301.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $46.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $16M |
| Net Receivables | $16M |
| Inventory | $29M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $88M |
| PP&E (Net) | $5M |
| Goodwill | $12M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $108M |
| Account Payables | $28M |
| Short-Term Debt | $48M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $882.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $164M |
| Retained Earnings | -$152M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $108M |
| Total Debt | $50M |
| Net Debt | $26M |
