| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $124M | $119M | -1.3% | 2.7% |
| Op. Income | $11M | $15M | $13M | -30.5% | -19.0% |
| Gross Margin | 53.7% | 57.6% | 54.1% | -3.9pp | -0.5pp |
| Net Margin | 6.6% | 10.0% | 8.3% | -3.3pp | -1.6pp |
| EPS (Diluted) | $0.62 | $0.94 | $0.73 | -34.0% | -15.1% |
| Free Cash Flow | $2M | $793.0K | $11M | 114.4% | -84.9% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $11M |
| Interest Income | $221.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $222.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $4M |
| EBIT | $11M |
| EBITDA | $14M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $11M |
| Interest Income | $221.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $222.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $4M |
| EBIT | $11M |
| EBITDA | $14M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $117.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $83M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $174M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $326M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $176M |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $61M |
| Retained Earnings | $101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $326M |
| Total Debt | $118M |
| Net Debt | $90M |
