| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $80M | $80M | -0.4% | -0.5% |
| Op. Income | -$7M | -$7M | -$11M | 4.4% | 37.5% |
| Gross Margin | 74.2% | 74.8% | 75.0% | -0.6pp | -0.8pp |
| Net Margin | -13.1% | -28.8% | -23.5% | 15.7pp | 10.4pp |
| EPS (Diluted) | $-0.25 | $-0.56 | $1.17 | 55.4% | -121.4% |
| Free Cash Flow | $1M | $1M | -$16M | 7.2% | 106.7% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $59M |
| R&D Expenses | $19M |
| Selling & Marketing | $34M |
| General & Administrative | $13M |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $209.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $7M |
| EBIT | -$10M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $3M |
| 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 | $329.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$146.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $731.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $41M |
| Goodwill | $9M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $202M |
| Account Payables | $25M |
| Short-Term Debt | $8M |
| Deferred Revenue | $146M |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $394M |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $283.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$192M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$192M |
| TOTAL LIABILITIES & EQUITY | $202M |
| Total Debt | $138M |
| Net Debt | $91M |
