| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $61M | $55M | 0.3% | 10.6% |
| Op. Income | -$23M | -$40M | -$48M | 42.9% | 52.8% |
| Gross Margin | 61.2% | 52.9% | 47.0% | 8.3pp | 14.2pp |
| Net Margin | -32.8% | -63.3% | -68.6% | 30.5pp | 35.8pp |
| EPS (Diluted) | $-0.07 | $-0.13 | $-0.13 | 47.3% | 47.3% |
| Free Cash Flow | -$5M | -$29M | -$32M | 82.4% | 84.0% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $38M |
| R&D Expenses | $25M |
| Selling & Marketing | $17M |
| General & Administrative | $18M |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$23M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $0 |
| EBIT | -$23M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $103M |
| Net Receivables | $39M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $302M |
| PP&E (Net) | $138M |
| Goodwill | $137M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $329M |
| TOTAL ASSETS | $631M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $66M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $465M |
| Minority Interest | $0 |
| TOTAL EQUITY | $465M |
| TOTAL LIABILITIES & EQUITY | $631M |
| Total Debt | $23M |
| Net Debt | -$116M |
