| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $431M | $439M | $450M | -1.7% | -4.1% |
| Op. Income | -$91M | -$61M | -$27M | -49.3% | -238.2% |
| Gross Margin | -14.8% | -7.8% | -1.4% | -6.9pp | -13.4pp |
| Net Margin | -11.3% | -17.8% | -13.8% | 6.5pp | 2.5pp |
| EPS (Diluted) | $-0.45 | $-0.58 | $-0.57 | 23.7% | 21.8% |
| Free Cash Flow | -$138M | -$47M | -$105M | -196.2% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $431M |
| Cost of Revenue | $495M |
| GROSS PROFIT | -$64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | -$3M |
| Operating Expenses | $28M |
| Cost & Expenses | $523M |
| OPERATING INCOME | -$91M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | -$18M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $25M |
| EBIT | -$94M |
| EBITDA | -$69M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$122M |
| Change in Working Capital | $85M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$82M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$138M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $166M |
| Inventory | $643M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $365.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $233M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $358M |
| Long-Term Debt | $462M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $404M |
| TOTAL NON-CURRENT LIABILITIES | $868M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $712M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $315M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $482M |
| Net Debt | $287M |
