| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $315M | $373M | $301M | -15.5% | 4.8% |
| Op. Income | -$4M | -$1M | -$17M | -173.2% | 77.6% |
| Gross Margin | 52.4% | 48.4% | 47.4% | 4.0pp | 5.0pp |
| Net Margin | -5.0% | -1.3% | -4.3% | -3.6pp | -0.7pp |
| EPS (Diluted) | $-0.27 | $-0.09 | $-0.21 | -210.0% | -29.2% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $315M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $130M |
| General & Administrative | $25M |
| SG&A Expenses | $154M |
| Other Expenses | $15M |
| Operating Expenses | $169M |
| Cost & Expenses | $319M |
| OPERATING INCOME | -$4M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $0 |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $294.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $206M |
| Net Receivables | $288M |
| Inventory | $163M |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $990M |
| PP&E (Net) | $221M |
| Goodwill | $43M |
| Intangible Assets | $53M |
| Long-Term Investments | $81M |
| Tax Assets | $35M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $441M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $95M |
| Short-Term Debt | $229M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.1K |
| TOTAL CURRENT LIABILITIES | $528M |
| Long-Term Debt | $584.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $624M |
| Common Stock | $14.8K |
| Additional Paid-In Capital | $678M |
| Retained Earnings | -$131M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $540M |
| Minority Interest | $267M |
| TOTAL EQUITY | $807M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $351M |
| Net Debt | $187M |
