| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113M | $113M | $96M | 0.4% | 18.4% |
| Op. Income | $13M | $8M | $4M | 49.5% | 185.8% |
| Gross Margin | 65.6% | 64.7% | 63.7% | 0.9pp | 1.9pp |
| Net Margin | 5.7% | 1.2% | -2.4% | 4.5pp | 8.1pp |
| EPS (Diluted) | $0.13 | $0.03 | $-0.05 | 339.2% | 338.1% |
| Free Cash Flow | $16M | $12M | $8M | 35.6% | 103.5% |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $74M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | -$900.0K |
| Operating Expenses | $62M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $13M |
| Interest Income | $240.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $554.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $13M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $74M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | -$900.0K |
| Operating Expenses | $62M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $13M |
| Interest Income | $240.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $554.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $13M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $91M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $284M |
| PP&E (Net) | $80M |
| Goodwill | $254M |
| Intangible Assets | $157M |
| Long-Term Investments | $0 |
| Tax Assets | $601.0K |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $574M |
| TOTAL ASSETS | $858M |
| Account Payables | $16M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $253M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $333M |
| TOTAL LIABILITIES | $419M |
| Common Stock | $488.0K |
| Additional Paid-In Capital | $509M |
| Retained Earnings | -$54M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $439M |
| Minority Interest | $0 |
| TOTAL EQUITY | $439M |
| TOTAL LIABILITIES & EQUITY | $858M |
| Total Debt | $300M |
| Net Debt | $227M |
