Sees Q4 adjusted EBITDA $2M-$6M. The company said, “For the fiscal quarter ending September 30, 2025, revenue is expected to be in the range of $53 million to $58 million, where no material fixed license revenue contracts are currently expected to be signed during the quarter. Gross margins are projected between 68% and 69%, and net loss is projected to be in the range of $22 million to $18 million. Adjusted EBITDA is expected to be in the range of $2 million to $6 million. The adjusted EBITDA guidance excludes amortization of acquired intangible assets, stock-based compensation, restructuring and other costs.”
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