| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $81M | $79M | 1.0% | 3.8% |
| Op. Income | -$9M | -$13M | -$14M | 31.2% | 37.5% |
| Gross Margin | 50.2% | 49.0% | 49.4% | 1.1pp | 0.8pp |
| Net Margin | -9.5% | -14.4% | -12.3% | 4.8pp | 2.8pp |
| EPS (Diluted) | $-0.05 | $-0.07 | $-0.06 | 31.6% | 13.0% |
| Free Cash Flow | $13M | $5M | $14M | 150.7% | -3.8% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $41M |
| R&D Expenses | $17M |
| Selling & Marketing | $19M |
| General & Administrative | $14M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$9M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $601.0K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $368.0K |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$120.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $229M |
| Short-Term Investments | $96M |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $366M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $422M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $105M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$480M |
| Treasury Stock | -$223M |
| Accum. Other Comp. Income | $789.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $316M |
| Minority Interest | $0 |
| TOTAL EQUITY | $316M |
| TOTAL LIABILITIES & EQUITY | $422M |
| Total Debt | $26M |
| Net Debt | -$203M |
