| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | $157M | $109M | -0.8% | 42.5% |
| Op. Income | $21M | $15M | $5M | 42.3% | 285.0% |
| Gross Margin | 41.9% | 40.9% | 36.6% | 1.0pp | 5.3pp |
| Net Margin | 7.0% | 7.8% | 3.3% | -0.8pp | 3.7pp |
| EPS (Diluted) | $0.27 | $0.30 | $0.09 | -10.0% | 200.0% |
| Free Cash Flow | $22M | $1M | -$6M | 1758.0% | 447.1% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| 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 | $17M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| 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 | $17M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$849.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$849.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $306.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $112M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $386M |
| PP&E (Net) | $99M |
| Goodwill | $179M |
| Intangible Assets | $118M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $406M |
| TOTAL ASSETS | $792M |
| Account Payables | $27M |
| Short-Term Debt | $22M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $295M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $346M |
| TOTAL LIABILITIES | $452M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $313M |
| Retained Earnings | $27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $565.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $340M |
| Minority Interest | $0 |
| TOTAL EQUITY | $340M |
| TOTAL LIABILITIES & EQUITY | $792M |
| Total Debt | $333M |
| Net Debt | $182M |
