| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $179M | $173M | -0.2% | 3.1% |
| Op. Income | -$8M | $4M | -$14M | -320.9% | 40.3% |
| Gross Margin | 26.3% | 27.6% | 26.6% | -1.3pp | -0.3pp |
| Net Margin | -5.5% | 1.2% | -8.2% | -6.6pp | 2.7pp |
| EPS (Diluted) | $-0.04 | $0.01 | $-0.05 | -584.8% | 27.4% |
| Free Cash Flow | $19M | $3M | $14M | 556.8% | 42.0% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $47M |
| R&D Expenses | $114.0K |
| Selling & Marketing | $3M |
| General & Administrative | $34M |
| SG&A Expenses | $36M |
| Other Expenses | $19M |
| Operating Expenses | $55M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$8M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| 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 | $10M |
| EBIT | -$10M |
| EBITDA | $477.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$2.2K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41.7K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $536.4K |
| Net Receivables | $21M |
| Inventory | $94M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $316M |
| PP&E (Net) | $201M |
| Goodwill | $91M |
| Intangible Assets | $43M |
| Long-Term Investments | $300M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $647M |
| TOTAL ASSETS | $963M |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $49M |
| Retained Earnings | -$959M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $803M |
| Minority Interest | $0 |
| TOTAL EQUITY | $803M |
| TOTAL LIABILITIES & EQUITY | $963M |
| Total Debt | $113M |
| Net Debt | -$62M |
