| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $129M | $118M | -7.7% | 0.9% |
| Op. Income | -$7M | $4M | -$28M | -249.0% | 77.1% |
| Gross Margin | 28.7% | 31.4% | 14.6% | -2.7pp | 14.1pp |
| Net Margin | -10.4% | -0.7% | -21.8% | -9.7pp | 11.4pp |
| EPS (Diluted) | $-0.43 | $-0.03 | $-0.91 | -1333.3% | 52.7% |
| Free Cash Flow | $11M | -$20M | $27M | 156.8% | -57.8% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $34M |
| R&D Expenses | $6M |
| Selling & Marketing | $11M |
| General & Administrative | $13M |
| SG&A Expenses | $24M |
| Other Expenses | $11M |
| Operating Expenses | $41M |
| Cost & Expenses | $126M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $422.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $5M |
| EBIT | -$8M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $760.0K |
| Deferred Income Tax | -$615.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $441.0K |
| NET CASH FROM INVESTING | -$985.0K |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $181M |
| Inventory | $199M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $406M |
| PP&E (Net) | $74M |
| Goodwill | $21M |
| Intangible Assets | $143M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $249M |
| TOTAL ASSETS | $655M |
| Account Payables | $84M |
| Short-Term Debt | $6M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $230M |
| Long-Term Debt | $182M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $457.0K |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $434M |
| Common Stock | $3M |
| Additional Paid-In Capital | $117M |
| Retained Earnings | $183M |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $655M |
| Total Debt | $201M |
| Net Debt | $184M |
