| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170M | $163M | — | 4.8% | — |
| Op. Income | $6M | $3M | — | 102.4% | — |
| Gross Margin | 13.9% | 25.3% | — | -11.4pp | — |
| Net Margin | -0.3% | -2.0% | — | 1.8pp | — |
| EPS (Diluted) | $-0.04 | $-0.25 | — | 85.3% | — |
| Free Cash Flow | $8M | -$7M | — | 220.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $165M |
| OPERATING INCOME | $6M |
| Interest Income | $28.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$456.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$455.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$455.0K |
| D&A | $20M |
| EBIT | $7M |
| EBITDA | $27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$456.0K |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$283.5K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $352.8K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $106M |
| Inventory | $6M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $140M |
| PP&E (Net) | $265M |
| Goodwill | $7M |
| Intangible Assets | $71M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $351M |
| TOTAL ASSETS | $491M |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $188M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $223M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$393M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $183M |
| Minority Interest | $0 |
| TOTAL EQUITY | $183M |
| TOTAL LIABILITIES & EQUITY | $491M |
| Total Debt | $198M |
| Net Debt | $186M |
