| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $99M | $100M | 7.2% | 6.1% |
| Op. Income | -$44M | -$59M | -$68M | 24.8% | 35.0% |
| Gross Margin | 30.7% | 31.2% | 22.9% | -0.4pp | 7.9pp |
| Net Margin | -49.7% | -67.1% | -77.9% | 17.5pp | 28.2pp |
| EPS (Diluted) | $-2.23 | $-2.85 | $6.40 | 21.8% | -134.8% |
| Free Cash Flow | -$24M | -$7M | -$33M | -216.1% | 29.5% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $32M |
| R&D Expenses | $35M |
| Selling & Marketing | $25M |
| General & Administrative | $18M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$44M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $894.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $7M |
| EBIT | -$44M |
| EBITDA | -$37M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$22M |
| 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 | $9M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $212M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $516M |
| PP&E (Net) | $39M |
| Goodwill | $224M |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $332M |
| TOTAL ASSETS | $848M |
| Account Payables | $69M |
| Short-Term Debt | $0 |
| Deferred Revenue | $118M |
| Other Current Liabilities | $118M |
| TOTAL CURRENT LIABILITIES | $326M |
| Long-Term Debt | $322M |
| Deferred Revenue NC | $133M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $484M |
| TOTAL LIABILITIES | $810M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $848M |
| Total Debt | $334M |
| Net Debt | $153M |
