| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $92M | — | 1.1% | — |
| Op. Income | $3M | -$121M | — | 102.1% | — |
| Gross Margin | 62.5% | 68.7% | — | -6.2pp | — |
| Net Margin | -3.1% | -85.0% | — | 82.0pp | — |
| EPS (Diluted) | $-0.06 | $-1.74 | — | 96.3% | — |
| Free Cash Flow | -$3M | $5M | — | -165.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $6M |
| Operating Expenses | $55M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $3M |
| Interest Income | $512.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$1M |
| 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 | $18M |
| EBIT | $6M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$846.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$161.0K |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$806.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $229M |
| PP&E (Net) | $66M |
| Goodwill | $188M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $215M |
| TOTAL NON-CURRENT ASSETS | $494M |
| TOTAL ASSETS | $723M |
| Account Payables | $17M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $484M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $553M |
| TOTAL LIABILITIES | $642M |
| Common Stock | $46.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$931M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $3M |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $723M |
| Total Debt | $522M |
| Net Debt | $442M |
