| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $154M | $139M | $101M | 10.9% | 53.3% |
| Op. Income | -$6M | -$579M | -$4M | 98.9% | -56.7% |
| Gross Margin | 81.8% | 70.3% | 78.8% | 11.6pp | 3.1pp |
| Net Margin | -1.2% | -413.8% | 0.3% | 412.6pp | -1.5pp |
| EPS (Diluted) | $-0.02 | $-7.38 | $0.00 | 99.7% | -631.8% |
| Free Cash Flow | $81M | $18M | $28M | 341.8% | 189.4% |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $126M |
| R&D Expenses | $32M |
| Selling & Marketing | $64M |
| General & Administrative | $37M |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $132M |
| Cost & Expenses | $160M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $206.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$374.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $82M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$143M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $531.0K |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $261M |
| Short-Term Investments | $219M |
| Net Receivables | $87M |
| Inventory | $14M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $659M |
| PP&E (Net) | $16M |
| Goodwill | $64M |
| Intangible Assets | $3M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $770M |
| Account Payables | $53M |
| Short-Term Debt | $4M |
| Deferred Revenue | $300M |
| Other Current Liabilities | -$4M |
| TOTAL CURRENT LIABILITIES | $357M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $362M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $53.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $408M |
| Minority Interest | $0 |
| TOTAL EQUITY | $408M |
| TOTAL LIABILITIES & EQUITY | $770M |
| Total Debt | $9M |
| Net Debt | -$252M |
