| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $121M | $111M | 6.5% | 16.7% |
| Op. Income | -$6M | -$10M | -$7M | 44.0% | 23.4% |
| Gross Margin | 74.7% | 73.2% | 72.4% | 1.5pp | 2.3pp |
| Net Margin | -2.3% | -8.4% | -6.2% | 6.1pp | 3.9pp |
| EPS (Diluted) | $-0.04 | $-0.13 | $-0.09 | 71.6% | 61.1% |
| Free Cash Flow | $33M | $23M | $14M | 42.2% | 130.2% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $96M |
| R&D Expenses | $34M |
| Selling & Marketing | $42M |
| General & Administrative | $26M |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$6M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $634.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $5M |
| EBIT | -$6M |
| EBITDA | -$321.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$311.0K |
| Other Non-Cash Items | $929.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $323M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $38M |
| Goodwill | $286M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $381M |
| TOTAL ASSETS | $814M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $220M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $297M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $953.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $81.0K |
| Additional Paid-In Capital | $998M |
| Retained Earnings | -$505M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $492M |
| Minority Interest | $0 |
| TOTAL EQUITY | $492M |
| TOTAL LIABILITIES & EQUITY | $814M |
| Total Debt | $17M |
| Net Debt | -$307M |
