| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $22M | $45M | -10.2% | -56.5% |
| Op. Income | -$23M | -$26M | -$32M | 8.7% | 26.0% |
| Gross Margin | 48.5% | 48.8% | 51.7% | -0.3pp | -3.2pp |
| Net Margin | -177.4% | -153.7% | -59.9% | -23.7pp | -117.5pp |
| EPS (Diluted) | $-0.09 | $-0.09 | $-0.07 | -0.7% | -29.4% |
| Free Cash Flow | -$23M | -$23M | -$30M | -2.4% | 23.4% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $9M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$23M |
| Interest Income | $2M |
| Interest Expense | $10.0K |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | -$3M |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $2M |
| EBIT | -$33M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $532.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$886.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$112.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$112.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $65M |
| Net Receivables | $14M |
| Inventory | $25M |
| Other Current Assets | $239M |
| TOTAL CURRENT ASSETS | $472M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $540M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $44M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $140M |
| Common Stock | $401.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | -$477.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $400M |
| Minority Interest | $0 |
| TOTAL EQUITY | $400M |
| TOTAL LIABILITIES & EQUITY | $540M |
| Total Debt | $27M |
| Net Debt | -$102M |
