| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $13M | -$2M | 12.9% | 905.4% |
| Op. Income | $2M | $2M | -$21M | 7.7% | 107.9% |
| Gross Margin | 92.3% | 97.3% | 124.4% | -5.1pp | -32.2pp |
| Net Margin | -1.9% | 1.6% | 1283.5% | -3.5pp | -1285.5pp |
| EPS (Diluted) | $-0.03 | $0.02 | $-4.88 | -239.5% | 99.4% |
| Free Cash Flow | $10M | -$10M | -$9M | 196.4% | 213.0% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $13M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $2M |
| Interest Income | $159.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$274.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$274.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$274.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$274.0K |
| D&A | $184.0K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$274.0K |
| Depreciation & Amortization | $184.0K |
| Stock-Based Compensation | $718.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $2M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $41M |
| Account Payables | $2M |
| Short-Term Debt | $12M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $300M |
| Retained Earnings | -$317M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$17M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$17M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $36M |
| Net Debt | $15M |
