| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $7M | $14M | 17.9% | -38.2% |
| Op. Income | -$5M | -$6M | $24.0K | 24.3% | -20075.0% |
| Gross Margin | 51.2% | 42.6% | 44.7% | 8.6pp | 6.4pp |
| Net Margin | -70.2% | -81.8% | -1.4% | 11.6pp | -68.7pp |
| EPS (Diluted) | $-0.26 | $-0.27 | $-0.01 | 3.7% | -2788.9% |
| Free Cash Flow | -$2M | -$7M | $2M | 64.5% | -234.1% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $3M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $306.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $60.0K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $4.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$228.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$6.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.0K |
| Net Debt Issuance | -$243.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $2M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $35.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $83.0K |
| TOTAL NON-CURRENT ASSETS | $118.0K |
| TOTAL ASSETS | $13M |
| Account Payables | $4M |
| Short-Term Debt | $8M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$309M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $184.0K |
| Other Equity | $289M |
| TOTAL STOCKHOLDERS' EQUITY | -$20M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$20M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $11M |
| Net Debt | $7M |
