| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $162M | $182M | -8.4% | -18.3% |
| Op. Income | -$6M | -$85M | $8M | 92.8% | -173.6% |
| Gross Margin | 46.7% | 24.9% | 46.6% | 21.7pp | 0.0pp |
| Net Margin | -2.2% | -52.2% | 6.8% | 50.0pp | -9.0pp |
| EPS (Diluted) | $-0.06 | $-1.59 | $0.22 | 96.1% | -128.4% |
| Free Cash Flow | $5M | $78M | $24M | -93.2% | -78.2% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $69M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $155M |
| OPERATING INCOME | -$6M |
| Interest Income | $6M |
| Interest Expense | $32.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$118.0K |
| Income Tax Expense | $3M |
| 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 | $4M |
| EBIT | -$86.0K |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$520.0K |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $135M |
| Other Investing Activities | $147.0K |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$103.0K |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246M |
| Short-Term Investments | $310M |
| Net Receivables | $174M |
| Inventory | $158M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $930M |
| PP&E (Net) | $89M |
| Goodwill | $70M |
| Intangible Assets | $6M |
| Long-Term Investments | $6M |
| Tax Assets | $18M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $195M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $29M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $287M |
| Common Stock | $612M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | -$957M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $838M |
| Minority Interest | $0 |
| TOTAL EQUITY | $838M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $36M |
| Net Debt | -$210M |
