| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $192M | $200M | $216M | -4.3% | -11.4% |
| Op. Income | -$52M | -$32M | -$31M | -60.2% | -68.0% |
| Gross Margin | -0.0% | 5.0% | 9.9% | -5.1pp | -9.9pp |
| Net Margin | -26.3% | -25.4% | -21.4% | -0.9pp | -4.9pp |
| EPS (Diluted) | $-0.14 | $-0.14 | $-0.13 | 0.0% | -9.1% |
| Free Cash Flow | -$103M | $3M | $17M | -3355.4% | -715.3% |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $192M |
| GROSS PROFIT | -$72.5K |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | -$8M |
| Operating Expenses | $52M |
| Cost & Expenses | $244M |
| OPERATING INCOME | -$52M |
| Interest Income | $983.3K |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | $148.5K |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $30M |
| EBIT | -$50M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54M |
| Change in Working Capital | -$112M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$103M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $74M |
| Net Receivables | $225M |
| Inventory | $36M |
| Other Current Assets | $336M |
| TOTAL CURRENT ASSETS | $927M |
| PP&E (Net) | $661M |
| Goodwill | $0 |
| Intangible Assets | $351M |
| Long-Term Investments | $58M |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $58M |
| Short-Term Debt | $113M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $258M |
| TOTAL CURRENT LIABILITIES | $438M |
| Long-Term Debt | $453M |
| Deferred Revenue NC | $209M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $699M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $208M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$924M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $936M |
| Minority Interest | $0 |
| TOTAL EQUITY | $936M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $567M |
| Net Debt | $363M |
