| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $29M | $21M | -10.7% | 22.3% |
| Op. Income | $2M | $3M | -$9M | -35.7% | 123.9% |
| Gross Margin | 67.2% | 63.8% | 63.1% | 3.4pp | 4.1pp |
| Net Margin | 3.0% | 5.2% | -42.8% | -2.3pp | 45.8pp |
| EPS (Diluted) | $0.04 | $0.08 | $-0.50 | -50.4% | 108.0% |
| Free Cash Flow | $3M | $5M | $2M | -29.9% | 87.9% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $18M |
| R&D Expenses | $80.0K |
| Selling & Marketing | $60.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $1M |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $2M |
| Interest Income | $91.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $270.0K |
| Net Income from Continuing Ops | $779.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $779.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $779.0K |
| D&A | $941.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $18M |
| R&D Expenses | $80.0K |
| Selling & Marketing | $60.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $1M |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $2M |
| Interest Income | $91.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $270.0K |
| Net Income from Continuing Ops | $779.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $779.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $779.0K |
| D&A | $941.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $779.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$102.0K |
| Change in Working Capital | -$686.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$10.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10.0K |
| Net Debt Issuance | -$500.0K |
| Common Stock Repurchased | -$96.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $338.0K |
| NET CASH FROM FINANCING | -$258.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $600.0K |
| Goodwill | $71M |
| Intangible Assets | $42M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $95.0K |
| TOTAL NON-CURRENT ASSETS | $114M |
| TOTAL ASSETS | $170M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $207M |
| Retained Earnings | -$84M |
| Treasury Stock | -$2.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $122M |
| Minority Interest | $0 |
| TOTAL EQUITY | $122M |
| TOTAL LIABILITIES & EQUITY | $170M |
| Total Debt | $29M |
| Net Debt | $9M |
