| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $110M | $101M | -1.2% | 7.8% |
| Op. Income | $7M | $7M | $7M | 1.2% | 2.6% |
| Gross Margin | 46.1% | 47.2% | 51.2% | -1.1pp | -5.1pp |
| Net Margin | 4.5% | 4.4% | 4.8% | 0.1pp | -0.3pp |
| EPS (Diluted) | $0.20 | $0.20 | $0.20 | 0.0% | 0.0% |
| Free Cash Flow | $85M | $54M | $70M | 57.2% | 22.6% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $36M |
| SG&A Expenses | $42M |
| Other Expenses | $1M |
| Operating Expenses | $43M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $7M |
| Interest Income | $107M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $207.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $36M |
| SG&A Expenses | $42M |
| Other Expenses | $1M |
| Operating Expenses | $43M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $7M |
| Interest Income | $107M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $207.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $207.0K |
| Stock-Based Compensation | $501.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $69M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | $471.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$131M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | -$981.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $0 |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | -$3.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $3.8B |
| Account Payables | $0 |
| Short-Term Debt | $990.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $26M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $281M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | $0 |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $3.5B |
| Net Debt | $3.3B |
