| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $149M | $137M | 6.4% | 15.3% |
| Op. Income | -$29M | -$37M | -$41M | 21.2% | 29.1% |
| Gross Margin | 58.4% | 51.3% | 54.5% | 7.0pp | 3.9pp |
| Net Margin | -18.6% | -25.2% | -27.7% | 6.6pp | 9.1pp |
| EPS (Diluted) | $-0.20 | $-0.26 | $-0.27 | 23.1% | 25.9% |
| Free Cash Flow | $18M | $21M | -$4M | -12.3% | 576.7% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $92M |
| R&D Expenses | $41M |
| Selling & Marketing | $50M |
| General & Administrative | $30M |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$29M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$136.0K |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $559.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $25M |
| EBIT | -$26M |
| EBITDA | -$496.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $289.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$344.0K |
| Net Debt Issuance | -$80.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $230M |
| Net Receivables | $109M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $154M |
| Goodwill | $670M |
| Intangible Assets | $110M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $991M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $11M |
| Short-Term Debt | $188M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $329M |
| Long-Term Debt | $150M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $205M |
| TOTAL LIABILITIES | $534M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $937M |
| Minority Interest | $0 |
| TOTAL EQUITY | $937M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $409M |
| Net Debt | $296M |
