| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $1M | -10.4% | -16.2% |
| Op. Income | -$7M | -$8M | -$9M | 4.6% | 19.4% |
| Gross Margin | -35.4% | -58.8% | -18.8% | 23.3pp | -16.7pp |
| Net Margin | -633.5% | -591.7% | -665.5% | -41.8pp | 32.1pp |
| EPS (Diluted) | $-0.10 | $-0.10 | $-0.14 | 4.8% | 32.0% |
| Free Cash Flow | -$5M | -$6M | -$6M | 3.6% | 2.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$411.3K |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $424.3K |
| Operating Expenses | $7M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$7M |
| Interest Income | $156.8K |
| Interest Expense | $0 |
| Other Income/Expenses | $139.7K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $933.3K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $933.3K |
| Stock-Based Compensation | $770.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $657.6K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$458.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$140.5K |
| NET CASH FROM INVESTING | -$458.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $3M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $700.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $42M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100.8K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $633.1K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $80.0K |
| Additional Paid-In Capital | $421M |
| Retained Earnings | -$391M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $42M |
| Total Debt | $1M |
| Net Debt | -$21M |
