| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $215M | $221M | $210M | -2.4% | 2.4% |
| Op. Income | $3M | $4M | -$927.0K | -34.6% | 398.1% |
| Gross Margin | 50.1% | 49.6% | 52.1% | 0.6pp | -2.0pp |
| Net Margin | -5.6% | -5.0% | -6.4% | -0.6pp | 0.8pp |
| EPS (Diluted) | $-0.07 | $-0.06 | $-0.08 | -9.2% | 10.8% |
| Free Cash Flow | $21M | -$6M | -$24M | 423.5% | 187.8% |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $108M |
| R&D Expenses | $46M |
| Selling & Marketing | $33M |
| General & Administrative | $16M |
| SG&A Expenses | $49M |
| Other Expenses | $10M |
| Operating Expenses | $105M |
| Cost & Expenses | $213M |
| OPERATING INCOME | $3M |
| Interest Income | $190.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $15M |
| EBIT | $3M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $642.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$431.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $218M |
| Inventory | $80M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $418M |
| PP&E (Net) | $115M |
| Goodwill | $301M |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $91M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $687M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $77M |
| Short-Term Debt | $9M |
| Deferred Revenue | $107M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $292M |
| Long-Term Debt | $326M |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $453M |
| TOTAL LIABILITIES | $745M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $360M |
| Minority Interest | $0 |
| TOTAL EQUITY | $360M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $408M |
| Net Debt | $333M |
