| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $19M | — | 34.4% | — |
| Op. Income | -$56M | -$66M | — | 16.2% | — |
| Gross Margin | 32.8% | 28.1% | — | 4.7pp | — |
| Net Margin | -178.8% | -319.6% | — | 140.8pp | — |
| EPS (Diluted) | $-0.16 | $-0.21 | — | 25.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $8M |
| R&D Expenses | $46M |
| Selling & Marketing | $3M |
| General & Administrative | $15M |
| SG&A Expenses | $17M |
| Other Expenses | $7.7K |
| Operating Expenses | $64M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$56M |
| Interest Income | $26M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $222.1K |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $0 |
| EBIT | -$55M |
| EBITDA | -$55M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $288M |
| Net Receivables | $112M |
| Inventory | $45M |
| Other Current Assets | $665.4K |
| TOTAL CURRENT ASSETS | $950M |
| PP&E (Net) | $53M |
| Goodwill | $7M |
| Intangible Assets | $3M |
| Long-Term Investments | $9M |
| Tax Assets | $36.4K |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $9M |
| Short-Term Debt | $36M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $546.2K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $908M |
| TOTAL STOCKHOLDERS' EQUITY | $908M |
| Minority Interest | $0 |
| TOTAL EQUITY | $908M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $43M |
| Net Debt | -$461M |
