| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $239.6K | 93.8% | 1225.3% |
| Op. Income | -$3M | -$3M | -$388.5K | -11.9% | -723.0% |
| Gross Margin | 100.0% | 73.3% | 98.7% | 26.7pp | 1.3pp |
| Net Margin | -282.4% | -273.1% | -209.9% | -9.3pp | -72.6pp |
| EPS (Diluted) | $-0.25 | $-0.14 | $-0.03 | -78.9% | -743.7% |
| Free Cash Flow | -$6M | -$5M | -$2M | -12.3% | -274.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $738.4K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $3M |
| Operating Expenses | $6M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$3M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $342.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $226.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$983.3K |
| Purchases of Investments | -$794.8K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$28.3K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$119.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $7M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $5M |
| Goodwill | $4M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $57M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $893.1K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $8M |
| Additional Paid-In Capital | $47M |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $23M |
| Net Debt | $16M |
