| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $124M | $127M | 7.6% | 4.9% |
| Op. Income | -$2M | $5M | $8M | -132.6% | -120.4% |
| Gross Margin | 67.9% | 68.4% | 69.0% | -0.5pp | -1.1pp |
| Net Margin | 2.1% | 2.3% | 5.7% | -0.3pp | -3.6pp |
| EPS (Diluted) | $0.02 | $0.02 | $0.05 | -4.7% | -61.2% |
| Free Cash Flow | $30M | $31M | $47M | -5.5% | -37.0% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $91M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $1M |
| Operating Expenses | $92M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$2M |
| Interest Income | $602.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $580.0K |
| INCOME BEFORE TAX | -$954.0K |
| Income Tax Expense | -$4M |
| 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 | $10M |
| EBIT | -$954.0K |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $418.0K |
| Change in Working Capital | $553.0K |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $91M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $91M |
| Goodwill | $315M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $69M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $502M |
| TOTAL ASSETS | $844M |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $138M |
| Common Stock | $1M |
| Additional Paid-In Capital | $489M |
| Retained Earnings | $220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $706M |
| Minority Interest | $0 |
| TOTAL EQUITY | $706M |
| TOTAL LIABILITIES & EQUITY | $844M |
| Total Debt | $35M |
| Net Debt | -$83M |
