| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $7M | $7M | -23.3% | -28.5% |
| Op. Income | -$450.2K | $914.4K | $755.6K | -149.2% | -159.6% |
| Gross Margin | 65.8% | 69.0% | 73.5% | -3.2pp | -7.7pp |
| Net Margin | -7.3% | 2.5% | 7.8% | -9.8pp | -15.1pp |
| EPS (Diluted) | $-0.03 | $0.02 | $0.05 | -321.2% | -166.1% |
| Free Cash Flow | $133.8K | $3M | $1M | -95.7% | -89.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $689.5K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$450.2K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $89.7K |
| INCOME BEFORE TAX | -$360.5K |
| Income Tax Expense | $28.1K |
| Net Income from Continuing Ops | -$388.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$388.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$388.6K |
| D&A | $80.7K |
| EBIT | -$360.5K |
| EBITDA | -$279.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$388.6K |
| Depreciation & Amortization | $507.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $26.3K |
| Other Non-Cash Items | -$468.2K |
| Change in Working Capital | $359.1K |
| OPERATING CASH FLOW | $36.3K |
| Capital Expenditure | $97.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $97.5K |
| Net Debt Issuance | -$64.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$64.1K |
| FREE CASH FLOW | $133.8K |
| Net Change in Cash | $69.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $12M |
| Other Current Assets | $341.0K |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $66M |
| Account Payables | $1M |
| Short-Term Debt | $226.9K |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $8M |
| Net Debt | -$13M |
