| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $73M | $75M | -1.2% | -4.2% |
| Op. Income | -$10M | -$11M | -$200M | 10.1% | 95.0% |
| Gross Margin | 54.0% | 54.8% | 47.7% | -0.8pp | 6.3pp |
| Net Margin | -6.1% | -14.7% | -249.7% | 8.6pp | 243.6pp |
| EPS (Diluted) | $-0.11 | $-0.26 | $-4.67 | 57.7% | 97.6% |
| Free Cash Flow | -$15M | $2M | -$16M | -992.4% | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $39M |
| R&D Expenses | $7M |
| Selling & Marketing | $26M |
| General & Administrative | $10M |
| SG&A Expenses | $36M |
| Other Expenses | $6M |
| Operating Expenses | $49M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$10M |
| Interest Income | $135.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$2.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $6M |
| EBIT | -$7M |
| EBITDA | -$329.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$207.0K |
| Other Non-Cash Items | $753.0K |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $63M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $285M |
| Account Payables | $30M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $100M |
| Common Stock | $385.0K |
| Additional Paid-In Capital | $620M |
| Retained Earnings | -$423M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $186M |
| Minority Interest | $0 |
| TOTAL EQUITY | $186M |
| TOTAL LIABILITIES & EQUITY | $285M |
| Total Debt | $5M |
| Net Debt | -$40M |
