| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $79M | $72M | -1.3% | 8.9% |
| Op. Income | -$6M | -$2M | -$10M | -158.2% | 35.5% |
| Gross Margin | 52.9% | 53.1% | 54.0% | -0.2pp | -1.1pp |
| Net Margin | -10.3% | -8.0% | -6.1% | -2.3pp | -4.2pp |
| EPS (Diluted) | $-0.19 | $-0.15 | $-0.11 | -26.7% | -72.7% |
| Free Cash Flow | -$4M | $4M | -$15M | -197.3% | 72.4% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $41M |
| R&D Expenses | $7M |
| Selling & Marketing | $27M |
| General & Administrative | $11M |
| SG&A Expenses | $38M |
| Other Expenses | $3M |
| Operating Expenses | $48M |
| Cost & Expenses | $85M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $88.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $6M |
| EBIT | -$6M |
| EBITDA | -$838.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $57.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$492.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$95.0K |
| NET CASH FROM FINANCING | $621.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $59M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $261M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $87M |
| Common Stock | $387.0K |
| Additional Paid-In Capital | $632M |
| Retained Earnings | -$455M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $173M |
| Minority Interest | $0 |
| TOTAL EQUITY | $173M |
| TOTAL LIABILITIES & EQUITY | $261M |
| Total Debt | $0 |
| Net Debt | -$38M |
