| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $128M | $90M | 4.1% | 47.2% |
| Op. Income | $3M | -$5M | -$13M | 152.2% | 120.5% |
| Gross Margin | 80.8% | 81.7% | 77.0% | -0.9pp | 3.8pp |
| Net Margin | 2.2% | -4.6% | -15.8% | 6.8pp | 17.9pp |
| EPS (Diluted) | $0.05 | $-0.12 | $-0.30 | 142.5% | 117.0% |
| Free Cash Flow | $39M | $12M | -$6M | 231.5% | 737.3% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $107M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $3M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | $40.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$262.0K |
| 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 | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $107M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $3M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | $40.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$262.0K |
| 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 | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $442.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$187.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $94M |
| Net Receivables | $107M |
| Inventory | $24M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $531M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $232M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $785M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $309M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $333M |
| TOTAL LIABILITIES | $493M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $954M |
| Retained Earnings | -$662M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $37.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $292M |
| Minority Interest | $0 |
| TOTAL EQUITY | $292M |
| TOTAL LIABILITIES & EQUITY | $785M |
| Total Debt | $319M |
| Net Debt | $37M |
