| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $38M | $41M | -5.5% | -10.6% |
| Op. Income | -$7M | -$12M | -$12M | 39.9% | 40.1% |
| Gross Margin | 26.4% | 33.1% | 33.2% | -6.6pp | -6.8pp |
| Net Margin | -17.3% | -28.3% | -24.5% | 11.0pp | 7.2pp |
| EPS (Diluted) | $-0.03 | $-0.06 | $-0.05 | 42.1% | 33.3% |
| Free Cash Flow | -$3M | -$16M | -$2M | 80.1% | -45.8% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $10M |
| R&D Expenses | $6M |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$7M |
| Interest Income | $891.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $813.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $56.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $4M |
| EBIT | -$6M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $110.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $28M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $197M |
| PP&E (Net) | $9M |
| Goodwill | $92M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $139M |
| TOTAL ASSETS | $336M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $644M |
| Retained Earnings | -$410M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $623.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $234M |
| Minority Interest | $0 |
| TOTAL EQUITY | $234M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $12M |
| Net Debt | -$88M |
