| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $6M | $3M | -57.9% | -5.0% |
| Op. Income | -$17M | -$14M | -$14M | -14.4% | -16.9% |
| Gross Margin | -323.2% | -130.2% | -164.7% | -193.0pp | -158.5pp |
| Net Margin | -328.2% | -260.7% | -1001.5% | -67.5pp | 673.3pp |
| EPS (Diluted) | $-0.50 | $-1.67 | $-12.28 | 70.1% | 95.9% |
| Free Cash Flow | -$11M | -$6M | -$10M | -87.6% | -6.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $9M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $167.9K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$8M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $19M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $30M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $416.3K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $117M |
| Account Payables | $11M |
| Short-Term Debt | $30M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $21.3K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$897M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $929M |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $117M |
| Total Debt | $49M |
| Net Debt | $36M |
