| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $93M | $81M | 3.5% | 17.9% |
| Op. Income | -$30M | -$42M | -$89M | 27.5% | 66.1% |
| Gross Margin | 53.4% | 49.6% | 43.3% | 3.8pp | 10.1pp |
| Net Margin | 21.2% | -42.4% | -105.0% | 63.6pp | 126.3pp |
| EPS (Diluted) | $0.33 | $-0.66 | $-1.47 | 150.0% | 122.4% |
| Free Cash Flow | -$11M | -$17M | -$7M | 38.3% | -43.9% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $51M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $126M |
| OPERATING INCOME | -$30M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $191.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $6M |
| EBIT | $21M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $49M |
| Net Receivables | $50M |
| Inventory | $26M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $340M |
| PP&E (Net) | $147M |
| Goodwill | $82M |
| Intangible Assets | $14M |
| Long-Term Investments | $54M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $304M |
| TOTAL ASSETS | $644M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $165M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$864.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $478M |
| Minority Interest | $0 |
| TOTAL EQUITY | $478M |
| TOTAL LIABILITIES & EQUITY | $644M |
| Total Debt | $78M |
| Net Debt | -$123M |
