| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | $195M | $257M | 9.8% | -16.7% |
| Op. Income | $25M | $29M | $47M | -13.6% | -46.7% |
| Gross Margin | 41.6% | 44.9% | 42.9% | -3.3pp | -1.3pp |
| Net Margin | 12.2% | 16.1% | 18.9% | -4.0pp | -6.8pp |
| EPS (Diluted) | $0.83 | $0.98 | $1.49 | -15.3% | -44.3% |
| Free Cash Flow | $43M | $38M | $42M | 14.8% | 3.6% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $89M |
| R&D Expenses | $25M |
| Selling & Marketing | $16M |
| General & Administrative | $23M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $189M |
| OPERATING INCOME | $25M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $4M |
| EBIT | $30M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $89M |
| R&D Expenses | $25M |
| Selling & Marketing | $16M |
| General & Administrative | $23M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $189M |
| OPERATING INCOME | $25M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $4M |
| EBIT | $30M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $165M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$440.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $262M |
| Net Receivables | $148M |
| Inventory | $324M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $984M |
| PP&E (Net) | $102M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $143M |
| Tax Assets | $70M |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $368M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $81M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $199M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $47M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $332M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $533M |
| Retained Earnings | $489M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $43M |
| Net Debt | -$145M |
