| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $32M | $35M | 0.3% | -9.0% |
| Op. Income | -$4M | $3M | $627.0K | -252.1% | -815.6% |
| Gross Margin | 85.7% | 72.3% | 85.6% | 13.4pp | 0.1pp |
| Net Margin | -13.3% | -2.6% | -0.6% | -10.7pp | -12.7pp |
| EPS (Diluted) | $-0.10 | $-0.02 | $-0.00 | -414.6% | -2015.6% |
| Free Cash Flow | $3M | $5M | $2M | -34.5% | 38.2% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $28M |
| R&D Expenses | $3M |
| Selling & Marketing | $9M |
| General & Administrative | $7M |
| SG&A Expenses | $16M |
| Other Expenses | $13M |
| Operating Expenses | $32M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $614.0K |
| Other Income/Expenses | -$554.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$772.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $3M |
| EBIT | -$4M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$486.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $21M |
| Goodwill | $121M |
| Intangible Assets | $16M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $169M |
| TOTAL ASSETS | $192M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $268.0K |
| Deferred Tax Liabilities | $182.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $828.0K |
| Additional Paid-In Capital | $274M |
| Retained Earnings | $18M |
| Treasury Stock | -$195M |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $97M |
| Minority Interest | $0 |
| TOTAL EQUITY | $97M |
| TOTAL LIABILITIES & EQUITY | $192M |
| Total Debt | $39M |
| Net Debt | $37M |
