| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $71M | $70M | -12.1% | -11.7% |
| Op. Income | -$12M | -$5M | -$8M | -165.1% | -49.3% |
| Gross Margin | 42.1% | 50.1% | 54.5% | -8.0pp | -12.4pp |
| Net Margin | -19.9% | -6.6% | -18.2% | -13.3pp | -1.7pp |
| EPS (Diluted) | $-0.44 | $-0.17 | $-0.46 | -158.8% | 4.3% |
| Free Cash Flow | -$4M | -$6M | -$25M | 27.4% | 82.2% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | -$310.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $135.0K |
| Other Income/Expenses | -$135.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $56.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $7M |
| EBIT | -$12M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | -$58.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $99.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$452.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$452.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17.0K |
| NET CASH FROM FINANCING | -$17.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $83M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $122M |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $244M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47.0K |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $116M |
| Common Stock | $0 |
| Additional Paid-In Capital | $115M |
| Retained Earnings | $170M |
| Treasury Stock | -$157M |
| Accum. Other Comp. Income | -$110.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $128M |
| Minority Interest | $0 |
| TOTAL EQUITY | $128M |
| TOTAL LIABILITIES & EQUITY | $244M |
| Total Debt | $86M |
| Net Debt | $76M |
