| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $340M | $317M | $333M | 7.5% | 2.1% |
| Op. Income | -$5M | -$11M | -$15M | 55.1% | 69.3% |
| Gross Margin | 16.8% | 16.5% | 17.0% | 0.3pp | -0.3pp |
| Net Margin | -1.0% | -2.5% | -3.6% | 1.4pp | 2.5pp |
| EPS (Diluted) | $-0.02 | $-0.05 | $-0.07 | 54.5% | 70.0% |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $57M |
| R&D Expenses | $6M |
| Selling & Marketing | $21M |
| General & Administrative | $21M |
| SG&A Expenses | $43M |
| Other Expenses | $13M |
| Operating Expenses | $62M |
| Cost & Expenses | $345M |
| OPERATING INCOME | -$5M |
| Interest Income | $2M |
| Interest Expense | $488.9K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $0 |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $134M |
| Net Receivables | $465M |
| Inventory | $108M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $876M |
| PP&E (Net) | $48M |
| Goodwill | $5M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $933M |
| Account Payables | $367M |
| Short-Term Debt | $44M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $813.1K |
| TOTAL CURRENT LIABILITIES | $474M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $501M |
| Common Stock | $584 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$778M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $432M |
| Minority Interest | $0 |
| TOTAL EQUITY | $432M |
| TOTAL LIABILITIES & EQUITY | $933M |
| Total Debt | $73M |
| Net Debt | -$60M |
