| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | $103M | $102M | 7.3% | 8.1% |
| Op. Income | -$5M | -$7M | -$3M | 33.1% | -75.4% |
| Gross Margin | 33.6% | 33.6% | 35.3% | 0.1pp | -1.7pp |
| Net Margin | -3.7% | -3.4% | 2.1% | -0.3pp | -5.8pp |
| EPS (Diluted) | $-0.10 | $-0.08 | $0.04 | -21.1% | -328.8% |
| Free Cash Flow | $5M | $20M | $12M | -73.6% | -56.0% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $37M |
| R&D Expenses | $9M |
| Selling & Marketing | $20M |
| General & Administrative | $9M |
| SG&A Expenses | $29M |
| Other Expenses | $5M |
| Operating Expenses | $42M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $5M |
| EBIT | -$3M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$654.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | -$452.0K |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $31.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $191M |
| Net Receivables | $175M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $527M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $360M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $579.0K |
| TOTAL NON-CURRENT ASSETS | $389M |
| TOTAL ASSETS | $916M |
| Account Payables | $126M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $229M |
| Common Stock | $361.0K |
| Additional Paid-In Capital | $505M |
| Retained Earnings | $181M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $686M |
| Minority Interest | $0 |
| TOTAL EQUITY | $686M |
| TOTAL LIABILITIES & EQUITY | $916M |
| Total Debt | $22M |
| Net Debt | -$102M |
