| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $64M | $102M | -6.3% | -41.4% |
| Op. Income | $5M | -$1M | -$13M | 438.7% | 138.3% |
| Gross Margin | 74.6% | 72.3% | 67.3% | 2.2pp | 7.2pp |
| Net Margin | 6.0% | -9.2% | -11.7% | 15.2pp | 17.7pp |
| EPS (Diluted) | $0.51 | $-0.85 | $-1.75 | 160.0% | 129.1% |
| Free Cash Flow | $9M | $2M | $53.0K | 271.7% | 16881.1% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $45M |
| R&D Expenses | $10M |
| Selling & Marketing | $19M |
| General & Administrative | $10M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$49.0K |
| 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 | $4M |
| EBIT | $5M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $45M |
| R&D Expenses | $10M |
| Selling & Marketing | $19M |
| General & Administrative | $10M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$49.0K |
| 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 | $4M |
| EBIT | $5M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$449.0K |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$274.0K |
| NET CASH FROM FINANCING | -$274.0K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $11M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $12M |
| Goodwill | $65M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $86M |
| TOTAL ASSETS | $146M |
| Account Payables | $4M |
| Short-Term Debt | $531.0K |
| Deferred Revenue | $62M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $676M |
| Retained Earnings | -$652M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$68.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $25M |
| Net Debt | -$8M |
