| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $127M | $128M | 0.2% | -1.0% |
| Op. Income | -$2M | -$10M | $2M | 85.1% | -177.5% |
| Gross Margin | 30.7% | 26.7% | 26.3% | 4.1pp | 4.4pp |
| Net Margin | 26.8% | -38.5% | 2.2% | 65.3pp | 24.6pp |
| EPS (Diluted) | $-0.49 | $-0.76 | $-0.04 | 35.5% | -1261.1% |
| Free Cash Flow | -$160.0K | -$2M | -$5M | 91.5% | 96.9% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $39M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $6M |
| Operating Expenses | $40M |
| Cost & Expenses | $128M |
| OPERATING INCOME | -$2M |
| Interest Income | $509.0K |
| Interest Expense | $13M |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $8M |
| EBIT | $45M |
| EBITDA | $53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$91.0K |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | $512.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$160.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $151M |
| Inventory | $78M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $275M |
| PP&E (Net) | $76M |
| Goodwill | $205M |
| Intangible Assets | $178M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $476M |
| TOTAL ASSETS | $751M |
| Account Payables | $27M |
| Short-Term Debt | $214M |
| Deferred Revenue | $64M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $466M |
| Common Stock | $4M |
| Additional Paid-In Capital | $568M |
| Retained Earnings | -$15M |
| Treasury Stock | -$442M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $286M |
| Minority Interest | $0 |
| TOTAL EQUITY | $286M |
| TOTAL LIABILITIES & EQUITY | $751M |
| Total Debt | $252M |
| Net Debt | $223M |
