| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $75M | $63M | $73M | 18.9% | 2.8% |
| Op. Income | $337.0K | -$8M | -$4M | 104.1% | 108.7% |
| Gross Margin | 38.8% | 37.6% | 43.8% | 1.2pp | -5.0pp |
| Net Margin | -37.3% | -74.1% | -98.5% | 36.7pp | 61.1pp |
| EPS (Diluted) | $-2.03 | $-3.78 | $-14.56 | 46.3% | 86.1% |
| Free Cash Flow | -$4M | -$16M | -$4M | 73.3% | -0.5% |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $29M |
| R&D Expenses | $6M |
| Selling & Marketing | $13M |
| General & Administrative | $10M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $337.0K |
| Interest Income | $42.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $590.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $1M |
| EBIT | $337.0K |
| EBITDA | $1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $799.0K |
| Stock-Based Compensation | -$969.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | $681.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $681.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $18M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $18M |
| Goodwill | $13M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $149M |
| Account Payables | $30M |
| Short-Term Debt | $53M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $203M |
| Long-Term Debt | $84M |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$4M |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $334M |
| Common Stock | $141.0K |
| Additional Paid-In Capital | $851M |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$906.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$184M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$184M |
| TOTAL LIABILITIES & EQUITY | $149M |
| Total Debt | $146M |
| Net Debt | $132M |
