| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $205M | $204M | 3.3% | 3.8% |
| Op. Income | $23M | $5M | $8M | 384.6% | 175.3% |
| Gross Margin | 30.5% | 25.8% | 21.0% | 4.7pp | 9.5pp |
| Net Margin | -5.2% | 0.6% | -5.8% | -5.9pp | 0.5pp |
| EPS (Diluted) | $-0.31 | $0.04 | $-0.34 | -875.0% | 8.8% |
| Free Cash Flow | $22M | -$12M | $7M | 277.7% | 233.5% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $65M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $5M |
| EBIT | -$9M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $974.0K |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $189M |
| Inventory | $197M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $130M |
| Goodwill | $60M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $250M |
| TOTAL ASSETS | $682M |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $334M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $422M |
| TOTAL LIABILITIES | $573M |
| Common Stock | $381.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $682M |
| Total Debt | $379M |
| Net Debt | $366M |
