| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $193M | $166M | 6.8% | 23.8% |
| Op. Income | -$12M | -$23M | -$30M | 46.0% | 58.5% |
| Gross Margin | 57.8% | 56.1% | 54.3% | 1.7pp | 3.5pp |
| Net Margin | -4.8% | -11.3% | -17.1% | 6.5pp | 12.3pp |
| EPS (Diluted) | $-0.30 | $-0.67 | $-0.88 | 55.2% | 65.9% |
| Free Cash Flow | $28M | -$4M | $29M | 837.1% | -5.1% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $119M |
| R&D Expenses | $88M |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $218M |
| OPERATING INCOME | -$12M |
| Interest Income | $3M |
| Interest Expense | $226.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $414.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $8M |
| EBIT | -$10M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $522.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$627.0K |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $98M |
| Net Receivables | $67M |
| Inventory | $82M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $653M |
| PP&E (Net) | $128M |
| Goodwill | $376M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $601M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $56M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $182M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $131M |
| Retained Earnings | $939M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $233.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$341M |
