| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $45M | $42M | 5.0% | 12.6% |
| Op. Income | $8M | $7M | $5M | 10.5% | 47.6% |
| Gross Margin | 42.0% | 42.3% | 41.3% | -0.3pp | 0.7pp |
| Net Margin | 11.3% | 16.5% | 9.3% | -5.2pp | 2.0pp |
| EPS (Diluted) | $0.09 | $0.13 | $0.07 | -30.8% | 28.6% |
| Free Cash Flow | $7M | $6M | $20M | 13.7% | -66.0% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $20M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $9M |
| Other Expenses | -$14.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $8M |
| Interest Income | $492.0K |
| Interest Expense | $221.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $4M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $20M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $9M |
| Other Expenses | -$14.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $8M |
| Interest Income | $492.0K |
| Interest Expense | $221.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $4M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $117.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$415.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$339.0K |
| NET CASH FROM FINANCING | -$754.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $85M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $193M |
| PP&E (Net) | $47M |
| Goodwill | $30M |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $184M |
| TOTAL ASSETS | $377M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $15M |
| Additional Paid-In Capital | $268M |
| Retained Earnings | -$21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $265M |
| Minority Interest | $0 |
| TOTAL EQUITY | $265M |
| TOTAL LIABILITIES & EQUITY | $377M |
| Total Debt | $11M |
| Net Debt | -$61M |
