| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $225M | $221M | -6.0% | -4.4% |
| Op. Income | -$3M | -$5M | $12M | 38.6% | -127.5% |
| Gross Margin | 46.9% | 47.5% | 39.4% | -0.6pp | 7.5pp |
| Net Margin | -8.0% | -7.1% | -5.0% | -1.0pp | -3.1pp |
| EPS (Diluted) | $-0.08 | $-0.07 | $-0.05 | -9.3% | -58.4% |
| Free Cash Flow | $11M | $43M | -$14M | -74.5% | 182.0% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $99M |
| R&D Expenses | $4M |
| Selling & Marketing | $38M |
| General & Administrative | $60M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $215M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $29M |
| EBIT | -$3M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $937.0K |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$122M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $122M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$25.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53.0K |
| NET CASH FROM FINANCING | $744.0K |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $0 |
| Net Receivables | $137M |
| Inventory | $162M |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $590M |
| PP&E (Net) | $348M |
| Goodwill | $1.0B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $75M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $269M |
| Other Non-Current Liabilities | $837M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $35M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$533M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $2.6B |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $0 |
| Net Debt | -$160M |
