| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $9M | -21.3% | -66.4% |
| Op. Income | -$7M | -$4M | -$3M | -64.0% | -115.5% |
| Gross Margin | 51.2% | 57.5% | 60.9% | -6.3pp | -9.7pp |
| Net Margin | -222.5% | -102.1% | -29.2% | -120.3pp | -193.3pp |
| EPS (Diluted) | $-0.63 | $-0.41 | $-0.33 | -54.4% | -93.8% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $4M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$7M |
| Interest Income | $314.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $312.1K |
| 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 | $448.6K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $920.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $14M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $219.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $71M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $583.0K |
| TOTAL LIABILITIES | $22M |
| Common Stock | $57.9K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$6.1K |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $71M |
| Total Debt | $1M |
| Net Debt | -$34M |
