| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $18M | — | -53.3% | — |
| Op. Income | -$31M | -$153M | — | 79.8% | — |
| Gross Margin | -334.4% | -832.6% | — | 498.2pp | — |
| Net Margin | -218.0% | -619.5% | — | 401.5pp | — |
| EPS (Diluted) | $-2.39 | $-14.58 | — | 83.6% | — |
| Free Cash Flow | $23M | $7M | — | 248.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $36M |
| GROSS PROFIT | -$28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$31M |
| Interest Income | $153.0K |
| Interest Expense | $907.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $45M |
| EBIT | -$25M |
| EBITDA | $19M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $195.0K |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$568.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$382.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $3M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $149M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $155M |
| TOTAL ASSETS | $211M |
| Account Payables | $916.0K |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $330.0K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $84M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $67.0K |
| TOTAL NON-CURRENT LIABILITIES | $88M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $8M |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $109M |
| Treasury Stock | -$26M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $5M |
| TOTAL EQUITY | $117M |
| TOTAL LIABILITIES & EQUITY | $211M |
| Total Debt | $85M |
| Net Debt | $43M |
