| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113M | $116M | $101M | -2.5% | 12.0% |
| Op. Income | $1M | $5M | -$5M | -77.8% | 123.0% |
| Gross Margin | 27.9% | 36.1% | 28.7% | -8.1pp | -0.8pp |
| Net Margin | -1.1% | 2.2% | -6.3% | -3.3pp | 5.1pp |
| EPS (Diluted) | $-0.01 | $0.02 | $-0.06 | -151.4% | 80.3% |
| Free Cash Flow | $16M | $927.0K | -$9M | 1586.1% | 275.7% |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $32M |
| R&D Expenses | $11M |
| Selling & Marketing | $9M |
| General & Administrative | $11M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $1M |
| Interest Income | $278.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$840.0K |
| Income Tax Expense | $457.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $15.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $89M |
| Inventory | $146M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $333M |
| PP&E (Net) | $61M |
| Goodwill | $58M |
| Intangible Assets | $26.0K |
| Long-Term Investments | $9M |
| Tax Assets | $690.0K |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $151M |
| TOTAL ASSETS | $484M |
| Account Payables | $46M |
| Short-Term Debt | $8M |
| Deferred Revenue | $94M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $203M |
| Long-Term Debt | $166M |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $231M |
| TOTAL LIABILITIES | $435M |
| Common Stock | $103.0K |
| Additional Paid-In Capital | $575M |
| Retained Earnings | -$520M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50M |
| Minority Interest | $0 |
| TOTAL EQUITY | $50M |
| TOTAL LIABILITIES & EQUITY | $484M |
| Total Debt | $214M |
| Net Debt | $137M |
