| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $138M | $140M | -0.8% | -2.2% |
| Op. Income | -$23M | -$17M | -$25M | -36.6% | 9.0% |
| Gross Margin | 41.0% | 43.1% | 40.8% | -2.1pp | 0.2pp |
| Net Margin | -40.6% | -12.1% | -19.0% | -28.5pp | -21.6pp |
| EPS (Diluted) | $-0.65 | $-0.20 | $-0.37 | -225.0% | -75.7% |
| Free Cash Flow | $2M | -$8M | -$7M | 125.0% | 131.4% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $56M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $160M |
| OPERATING INCOME | -$23M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $524.0K |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $11M |
| EBIT | -$55M |
| EBITDA | -$44M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$870.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | -$1.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $398.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $184M |
| Net Receivables | $151M |
| Inventory | $159M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $604M |
| PP&E (Net) | $220M |
| Goodwill | $102M |
| Intangible Assets | $101M |
| Long-Term Investments | $46M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $484M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $49M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $412.0K |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $235M |
| Common Stock | $240.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $853M |
| Minority Interest | $0 |
| TOTAL EQUITY | $853M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $31M |
| Net Debt | -$40M |
