| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $126M | $255M | 9.0% | -46.3% |
| Op. Income | -$93M | -$110M | -$160M | 15.3% | 41.8% |
| Gross Margin | 7.9% | 5.4% | 3.2% | 2.6pp | 4.7pp |
| Net Margin | -47.6% | -103.8% | -80.8% | 56.2pp | 33.2pp |
| EPS (Diluted) | $-0.10 | $-0.20 | $-0.31 | 50.0% | 67.7% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $11M |
| R&D Expenses | $37M |
| Selling & Marketing | $38M |
| General & Administrative | $29M |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $104M |
| Cost & Expenses | $230M |
| OPERATING INCOME | -$93M |
| Interest Income | $9M |
| Interest Expense | $7M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $9M |
| EBIT | -$57M |
| EBITDA | -$48M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $426M |
| Short-Term Investments | $0 |
| Net Receivables | $137M |
| Inventory | $117M |
| Other Current Assets | $224M |
| TOTAL CURRENT ASSETS | $904M |
| PP&E (Net) | $361M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $404M |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $954M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $501M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $25M |
| Other Current Liabilities | $470M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $374M |
| Deferred Revenue NC | $305M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $120M |
| TOTAL NON-CURRENT LIABILITIES | $866M |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$3.1B |
| Treasury Stock | -$142M |
| Accum. Other Comp. Income | $40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.3B |
| Minority Interest | -$8M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
