Reported March 31, 2026
| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | — | $150M | — | 3.6% |
| Op. Income | -$11M | — | $7M | — | -257.3% |
| Gross Margin | 29.4% | — | 34.9% | — | -5.5pp |
| Net Margin | -5.3% | — | 4.7% | — | -10.1pp |
| EPS (Diluted) | $-0.15 | — | $0.13 | — | -215.4% |
| Free Cash Flow | -$3M | — | -$3M | — | 0.2% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $46M |
| R&D Expenses | $10M |
| Selling & Marketing | $35M |
| General & Administrative | $12M |
| SG&A Expenses | $47M |
| Other Expenses | -$496.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $166M |
| OPERATING INCOME | -$11M |
| Interest Income | $279.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $2M |
| 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 | $3M |
| EBIT | -$11M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$525.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$825.0K |
| Acquisitions (Net) | -$414.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $1M |
| Net Receivables | $56M |
| Inventory | $15M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $127M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $75.0K |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $154M |
| Account Payables | $27M |
| Short-Term Debt | $37M |
| Deferred Revenue | $524.0K |
| Other Current Liabilities | $173.0K |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $248.0K |
| Other Non-Current Liabilities | $1.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $26M |
| Retained Earnings | $25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $154M |
| Total Debt | $54M |
| Net Debt | $1M |