| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $60M | $74M | 0.9% | -19.0% |
| Op. Income | -$5M | -$6M | -$15M | 10.2% | 63.8% |
| Gross Margin | 62.0% | 60.1% | 58.4% | 1.9pp | 3.6pp |
| Net Margin | 14.5% | -26.4% | -38.1% | 40.8pp | 52.6pp |
| EPS (Diluted) | $-2.76 | $-2.50 | $-4.74 | -10.4% | 41.8% |
| Free Cash Flow | -$9M | -$15M | -$230.0K | 39.9% | -3768.7% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $37M |
| R&D Expenses | $13M |
| Selling & Marketing | $18M |
| General & Administrative | $11M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$5M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $394.0K |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $29M |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $6M |
| EBIT | $17M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $63.0K |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $144M |
| PP&E (Net) | $93M |
| Goodwill | $227M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $368M |
| TOTAL ASSETS | $511M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $56M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $68.0K |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $391M |
| TOTAL LIABILITIES | $513M |
| Common Stock | $155.0K |
| Additional Paid-In Capital | $997M |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$3.0K |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1M |
| TOTAL LIABILITIES & EQUITY | $511M |
| Total Debt | $382M |
| Net Debt | $276M |
