| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $28M | $13M | 3.0% | 125.4% |
| Op. Income | $2M | -$6M | -$28M | 129.4% | 106.1% |
| Gross Margin | 76.0% | 65.4% | 70.3% | 10.6pp | 5.7pp |
| Net Margin | 1.6% | -27.3% | -262.4% | 28.9pp | 264.0pp |
| EPS (Diluted) | $0.00 | $-0.08 | $-0.45 | 105.0% | 100.9% |
| Free Cash Flow | $10M | -$4M | -$7M | 329.1% | 247.9% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $5.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$100.0K |
| Income Tax Expense | -$560.0K |
| Net Income from Continuing Ops | $460.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $460.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $460.0K |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $460.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$73.0K |
| Other Non-Cash Items | $474.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$317.0K |
| Acquisitions (Net) | $755.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $438.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$237.0K |
| NET CASH FROM FINANCING | $17.0K |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $8M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $20M |
| Goodwill | $37M |
| Intangible Assets | $156M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $967.0K |
| TOTAL NON-CURRENT ASSETS | $227M |
| TOTAL ASSETS | $278M |
| Account Payables | $8M |
| Short-Term Debt | $9M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $175M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $219M |
| TOTAL LIABILITIES | $275M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $746M |
| Retained Earnings | -$710M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | -$208.0K |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $278M |
| Total Debt | $200M |
| Net Debt | $172M |
