| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $194M | $187M | $176M | 3.8% | 10.3% |
| Op. Income | -$16M | -$15M | -$22M | -3.3% | 28.3% |
| Gross Margin | 54.6% | 54.9% | 54.7% | -0.3pp | -0.1pp |
| Net Margin | -4.4% | -4.2% | -7.8% | -0.3pp | 3.3pp |
| EPS (Diluted) | $-0.05 | $-0.05 | $-0.09 | -8.8% | 39.9% |
| Free Cash Flow | $34M | $35M | $23M | -4.0% | 48.2% |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $106M |
| R&D Expenses | $30M |
| Selling & Marketing | $67M |
| General & Administrative | $24M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $210M |
| OPERATING INCOME | -$16M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $7M |
| EBIT | -$8M |
| EBITDA | -$500.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $600.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$200.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $798M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $877M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $800.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $995M |
| Account Payables | $130M |
| Short-Term Debt | $0 |
| Deferred Revenue | $177M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $350M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $356M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$884M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $640M |
| Minority Interest | $0 |
| TOTAL EQUITY | $640M |
| TOTAL LIABILITIES & EQUITY | $995M |
| Total Debt | $0 |
| Net Debt | -$798M |
