| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $543.0K | $1M | $535.0K | -51.3% | 1.5% |
| Op. Income | -$2M | -$1M | -$898.0K | -41.7% | -114.6% |
| Gross Margin | 74.6% | 84.3% | 79.8% | -9.7pp | -5.2pp |
| Net Margin | -365.9% | -249.5% | -181.9% | -116.5pp | -184.1pp |
| EPS (Diluted) | $-1.50 | $-1.95 | $-0.58 | 23.1% | -157.1% |
| Free Cash Flow | -$1M | -$1M | -$1M | -39.0% | -41.3% |
| Item | Amount |
|---|---|
| REVENUE | $543.0K |
| Cost of Revenue | $138.0K |
| GROSS PROFIT | $405.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $147.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $59.0K |
| Other Income/Expenses | -$60.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $147.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $147.0K |
| Stock-Based Compensation | $2.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $77.0K |
| Change in Working Capital | $303.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$298.0K |
| Net Debt Issuance | $902.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$429.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310.0K |
| Short-Term Investments | $0 |
| Net Receivables | $538.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $658.0K |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $11M |
| Account Payables | $505.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $256.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $442.0K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $15M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $5M |
| Net Debt | $5M |
