| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $89M | $88M | -0.5% | 0.5% |
| Op. Income | $2M | -$2M | -$60M | 201.4% | 102.9% |
| Gross Margin | 39.9% | 38.6% | 41.2% | 1.3pp | -1.3pp |
| Net Margin | 0.5% | -10.6% | -68.5% | 11.1pp | 69.0pp |
| EPS (Diluted) | $-0.86 | $-2.73 | $-12.79 | 68.5% | 93.3% |
| Free Cash Flow | $9M | $787.0K | $6M | 1090.6% | 59.1% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $35M |
| R&D Expenses | $7M |
| Selling & Marketing | $15M |
| General & Administrative | $12M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $142.0K |
| Income Tax Expense | -$311.0K |
| Net Income from Continuing Ops | $453.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $453.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $7M |
| EBIT | $2M |
| EBITDA | $8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $35M |
| R&D Expenses | $7M |
| Selling & Marketing | $15M |
| General & Administrative | $12M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $142.0K |
| Income Tax Expense | -$311.0K |
| Net Income from Continuing Ops | $453.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $453.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $7M |
| EBIT | $2M |
| EBITDA | $8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $453.0K |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$125.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$588.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $357.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $92M |
| PP&E (Net) | $55M |
| Goodwill | $249M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $315M |
| TOTAL ASSETS | $407M |
| Account Payables | $16M |
| Short-Term Debt | $8M |
| Deferred Revenue | $47M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $142M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $226M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.5B |
| Treasury Stock | -$230M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181M |
| Minority Interest | $0 |
| TOTAL EQUITY | $181M |
| TOTAL LIABILITIES & EQUITY | $407M |
| Total Debt | $57M |
| Net Debt | $27M |
