| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $345M | $260M | $397M | 32.7% | -13.2% |
| Op. Income | -$3M | -$61M | $13M | 95.2% | -123.3% |
| Gross Margin | 43.4% | 43.7% | 48.3% | -0.3pp | -4.8pp |
| Net Margin | -1.0% | -27.0% | 0.9% | 26.0pp | -1.9pp |
| EPS (Diluted) | $-0.03 | $-0.58 | $0.03 | 95.2% | -196.6% |
| Free Cash Flow | $33M | -$65M | $40M | 150.1% | -18.8% |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $150M |
| R&D Expenses | $60M |
| Selling & Marketing | $62M |
| General & Administrative | $28M |
| SG&A Expenses | $90M |
| Other Expenses | $3M |
| Operating Expenses | $153M |
| Cost & Expenses | $348M |
| OPERATING INCOME | -$3M |
| Interest Income | $2M |
| Interest Expense | $117.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$813.0K |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $16M |
| EBIT | -$696.0K |
| EBITDA | $15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$55.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $53M |
| Net Receivables | $94M |
| Inventory | $115M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $503M |
| PP&E (Net) | $127M |
| Goodwill | $83M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $331M |
| TOTAL ASSETS | $834M |
| Account Payables | $144M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $512.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $435M |
| Common Stock | $122.0K |
| Additional Paid-In Capital | $489M |
| Retained Earnings | -$74M |
| Treasury Stock | -$16M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $399M |
| Minority Interest | $0 |
| TOTAL EQUITY | $399M |
| TOTAL LIABILITIES & EQUITY | $834M |
| Total Debt | $62M |
| Net Debt | -$139M |
