| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $171M | $183M | 8.2% | 0.9% |
| Op. Income | -$7M | -$10M | $96M | 25.9% | -107.4% |
| Gross Margin | 39.1% | 37.5% | 30.9% | 1.6pp | 8.3pp |
| Net Margin | -2.6% | -3.8% | 46.5% | 1.2pp | -49.1pp |
| EPS (Diluted) | $-0.17 | $-0.22 | $2.90 | 22.7% | -105.9% |
| Free Cash Flow | -$17M | -$5M | $106M | -222.3% | -116.1% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $72M |
| R&D Expenses | $23M |
| Selling & Marketing | $34M |
| General & Administrative | $21M |
| SG&A Expenses | $54M |
| Other Expenses | $2M |
| Operating Expenses | $79M |
| Cost & Expenses | $192M |
| OPERATING INCOME | -$7M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $736.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$115.0K |
| Other Non-Cash Items | $553.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $123M |
| Net Receivables | $160M |
| Inventory | $167M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $682M |
| PP&E (Net) | $62M |
| Goodwill | $46M |
| Intangible Assets | $4M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $129M |
| TOTAL ASSETS | $811M |
| Account Payables | $58M |
| Short-Term Debt | $4M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $239M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $304M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$521M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $152.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $507M |
| Minority Interest | $0 |
| TOTAL EQUITY | $507M |
| TOTAL LIABILITIES & EQUITY | $811M |
| Total Debt | $47M |
| Net Debt | -$157M |
