| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $52M | $45M | -11.9% | 1.7% |
| Op. Income | $4M | $11M | $734.0K | -66.5% | 418.9% |
| Gross Margin | 84.6% | 87.4% | 85.6% | -2.8pp | -0.9pp |
| Net Margin | 5.2% | 17.6% | 0.5% | -12.4pp | 4.8pp |
| EPS (Diluted) | $0.05 | $0.20 | $0.00 | -74.4% | 1035.6% |
| Free Cash Flow | $21M | $14M | $13M | 57.2% | 69.2% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $39M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $11M |
| SG&A Expenses | $22M |
| Other Expenses | $4M |
| Operating Expenses | $35M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$664.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $749.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $4M |
| EBIT | $6M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $39M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $11M |
| SG&A Expenses | $22M |
| Other Expenses | $4M |
| Operating Expenses | $35M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$664.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $749.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $4M |
| EBIT | $6M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$329.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$648.0K |
| Net Debt Issuance | -$46.0K |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$224.0K |
| NET CASH FROM FINANCING | -$2.0K |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $40M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $226M |
| PP&E (Net) | $5M |
| Goodwill | $135M |
| Intangible Assets | $44M |
| Long-Term Investments | $8M |
| Tax Assets | $26M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $221M |
| TOTAL ASSETS | $447M |
| Account Payables | $4M |
| Short-Term Debt | $150M |
| Deferred Revenue | $26M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $199M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $843.0K |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $209M |
| Common Stock | $46.0K |
| Additional Paid-In Capital | $262M |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $238M |
| Minority Interest | $0 |
| TOTAL EQUITY | $238M |
| TOTAL LIABILITIES & EQUITY | $447M |
| Total Debt | $153M |
| Net Debt | $26M |
