| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94M | $59M | $46M | 59.6% | 102.4% |
| Op. Income | $10M | -$25M | -$33M | 141.1% | 131.5% |
| Gross Margin | 80.7% | 69.4% | 64.1% | 11.2pp | 16.6pp |
| Net Margin | 10.2% | -43.5% | -69.1% | 53.7pp | 79.2pp |
| EPS (Diluted) | $0.06 | $-0.17 | $-0.22 | 134.4% | 126.6% |
| Free Cash Flow | -$8M | -$13M | -$27M | 42.4% | 72.5% |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $76M |
| R&D Expenses | $24M |
| Selling & Marketing | $23M |
| General & Administrative | $18M |
| SG&A Expenses | $41M |
| Other Expenses | $428.0K |
| Operating Expenses | $66M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $10M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$744.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $76M |
| R&D Expenses | $24M |
| Selling & Marketing | $23M |
| General & Administrative | $18M |
| SG&A Expenses | $41M |
| Other Expenses | $428.0K |
| Operating Expenses | $66M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $10M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$744.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$409.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $158M |
| Net Receivables | $46M |
| Inventory | $10M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $281M |
| PP&E (Net) | $79M |
| Goodwill | $119M |
| Intangible Assets | $2M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $491M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $129M |
| TOTAL NON-CURRENT LIABILITIES | $203M |
| TOTAL LIABILITIES | $286M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $211.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $204M |
| Minority Interest | -$182.0K |
| TOTAL EQUITY | $204M |
| TOTAL LIABILITIES & EQUITY | $491M |
| Total Debt | $82M |
| Net Debt | $27M |
