| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $117M | $103M | $77M | 13.7% | 51.9% |
| Op. Income | -$3M | $9M | -$8M | -136.3% | 58.2% |
| Gross Margin | 72.4% | 69.0% | 62.2% | 3.4pp | 10.2pp |
| Net Margin | -6.5% | 10.5% | -10.8% | -17.1pp | 4.3pp |
| EPS (Diluted) | $-0.27 | $0.36 | $-0.31 | -175.0% | 12.9% |
| Free Cash Flow | $10M | $8M | -$5M | 19.2% | 290.3% |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $85M |
| R&D Expenses | $20M |
| Selling & Marketing | $24M |
| General & Administrative | $44M |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $120M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $562.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $247.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $6M |
| EBIT | -$7M |
| EBITDA | -$352.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $246.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $182.0K |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $59M |
| Net Receivables | $61M |
| Inventory | $11M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $238M |
| PP&E (Net) | $67M |
| Goodwill | $13M |
| Intangible Assets | $173M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $256M |
| TOTAL ASSETS | $494M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $114M |
| TOTAL LIABILITIES | $202M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $292M |
| Minority Interest | $0 |
| TOTAL EQUITY | $292M |
| TOTAL LIABILITIES & EQUITY | $494M |
| Total Debt | $113M |
| Net Debt | $17M |
