| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $124M | $97M | 7.6% | 38.1% |
| Op. Income | -$16M | -$23M | -$25M | 27.9% | 33.6% |
| Gross Margin | 78.4% | 78.3% | 76.6% | 0.1pp | 1.8pp |
| Net Margin | -12.2% | -15.8% | -22.1% | 3.7pp | 10.0pp |
| EPS (Diluted) | $-0.28 | $-0.34 | $-0.39 | 17.6% | 28.2% |
| Free Cash Flow | -$12M | $6M | -$11M | -302.2% | -6.2% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $105M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$16M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | $368.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $234.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $10M |
| EBIT | -$10M |
| EBITDA | -$570.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $11.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$295.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$649.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $175M |
| Net Receivables | $99M |
| Inventory | $64M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $455M |
| PP&E (Net) | $182M |
| Goodwill | $67M |
| Intangible Assets | $264M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $545M |
| TOTAL ASSETS | $999M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $142M |
| TOTAL LIABILITIES | $230M |
| Common Stock | $57.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$799M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $770M |
| Minority Interest | $0 |
| TOTAL EQUITY | $770M |
| TOTAL LIABILITIES & EQUITY | $999M |
| Total Debt | $104M |
| Net Debt | $6M |
