| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $8M | — | -61.3% | — |
| Op. Income | -$32M | -$6M | — | -473.6% | — |
| Gross Margin | -19.0% | 6.5% | — | -25.5pp | — |
| Net Margin | -1139.0% | -85.6% | — | -1053.4pp | — |
| EPS (Diluted) | $-0.46 | $-0.11 | — | -318.2% | — |
| Free Cash Flow | -$730.3K | -$2M | — | 67.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$571.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $803.7K |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$32M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $802.8K |
| EBIT | -$32M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $802.8K |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $405.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$626.1K |
| NET CASH FROM INVESTING | -$221.1K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$730.3K |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $1M |
| Goodwill | $16M |
| Intangible Assets | $18M |
| Long-Term Investments | $139.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $53M |
| Account Payables | $10M |
| Short-Term Debt | $13M |
| Deferred Revenue | $56.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $8.9K |
| Additional Paid-In Capital | $90M |
| Retained Earnings | -$83M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $53M |
| Total Debt | $26M |
| Net Debt | $22M |
