| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $81M | $76M | -5.4% | -0.0% |
| Op. Income | -$18M | -$37M | -$14M | 52.8% | -27.9% |
| Gross Margin | 49.5% | 47.4% | 44.6% | 2.2pp | 5.0pp |
| Net Margin | -29.1% | -50.8% | -19.3% | 21.6pp | -9.8pp |
| EPS (Diluted) | $-0.32 | $-0.59 | $-0.24 | 45.8% | -33.3% |
| Free Cash Flow | -$5M | -$9M | $2M | 39.9% | -394.0% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $38M |
| R&D Expenses | $12M |
| Selling & Marketing | $14M |
| General & Administrative | $16M |
| SG&A Expenses | $30M |
| Other Expenses | $13M |
| Operating Expenses | $55M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$18M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $13M |
| EBIT | -$17M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $43.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$464.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $6.0K |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$537.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $51M |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $40M |
| Goodwill | $286M |
| Intangible Assets | $90M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $422M |
| TOTAL ASSETS | $587M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $152M |
| Deferred Revenue NC | $385.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $290.0K |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $255M |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $332M |
| Minority Interest | $0 |
| TOTAL EQUITY | $332M |
| TOTAL LIABILITIES & EQUITY | $587M |
| Total Debt | $172M |
| Net Debt | $132M |
