| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $144M | $210M | 3.4% | -29.0% |
| Op. Income | $7M | $8M | -$1M | -20.0% | 541.0% |
| Gross Margin | 24.9% | 30.0% | 23.7% | -5.1pp | 1.2pp |
| Net Margin | 23.5% | -40.6% | -2.5% | 64.2pp | 26.1pp |
| EPS (Diluted) | $0.30 | $-0.63 | $-0.10 | 147.6% | 400.0% |
| Free Cash Flow | -$38M | -$28M | -$72M | -34.1% | 47.6% |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $37M |
| R&D Expenses | $303.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $557.0K |
| Operating Expenses | $31M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $7M |
| Interest Income | $2M |
| Interest Expense | $10M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $37M |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $8M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $757.0K |
| Deferred Income Tax | -$10.0K |
| Other Non-Cash Items | -$54M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$942.0K |
| Sales/Maturities of Investments | $841.0K |
| Other Investing Activities | $167M |
| NET CASH FROM INVESTING | $162M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$386.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $438.0K |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | $90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $0 |
| Net Receivables | $173M |
| Inventory | $65M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $85M |
| Goodwill | $53M |
| Intangible Assets | $17M |
| Long-Term Investments | $10M |
| Tax Assets | $100.0K |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $178M |
| TOTAL ASSETS | $658M |
| Account Payables | $76M |
| Short-Term Debt | $174M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $401M |
| Long-Term Debt | $248M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $189M |
| TOTAL NON-CURRENT LIABILITIES | $489M |
| TOTAL LIABILITIES | $890M |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.7B |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$232M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$232M |
| TOTAL LIABILITIES & EQUITY | $658M |
| Total Debt | $464M |
| Net Debt | $274M |
