| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | $101M | $90M | -0.9% | 10.3% |
| Op. Income | $19M | $6M | $15M | 228.4% | 20.8% |
| Gross Margin | 39.2% | 28.9% | 38.6% | 10.3pp | 0.5pp |
| Net Margin | -5.3% | 50.6% | 35.5% | -55.9pp | -40.8pp |
| EPS (Diluted) | $-1.71 | $16.41 | $22.95 | -110.4% | -107.5% |
| Free Cash Flow | $22M | $39M | $4M | -43.5% | 504.8% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $15M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $2M |
| NET INCOME | -$5M |
| D&A | $10M |
| EBIT | -$2M |
| EBITDA | $8M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $218M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $218M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $240M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $272M |
| Short-Term Investments | $97M |
| Net Receivables | $21M |
| Inventory | $4M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $404M |
| PP&E (Net) | $408M |
| Goodwill | $53M |
| Intangible Assets | $24M |
| Long-Term Investments | $179M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $675M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $28M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $215M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $356M |
| TOTAL LIABILITIES | $499M |
| Common Stock | $1M |
| Additional Paid-In Capital | $386M |
| Retained Earnings | $640M |
| Treasury Stock | -$445M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $580M |
| Minority Interest | $0 |
| TOTAL EQUITY | $580M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $347M |
| Net Debt | $75M |
