| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $596M | $525M | $579M | 13.5% | 2.9% |
| Op. Income | $10M | -$10M | $11M | 200.7% | -4.7% |
| Gross Margin | 47.8% | 46.8% | 48.1% | 1.1pp | -0.2pp |
| Net Margin | -3.2% | -1.9% | 1.1% | -1.3pp | -4.3pp |
| EPS (Diluted) | $-1.76 | $-0.91 | $0.60 | -93.4% | -393.3% |
| Free Cash Flow | -$36M | $20M | -$13M | -282.7% | -181.8% |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $311M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $275M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $586M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | -$84.0K |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $13M |
| EBIT | $10M |
| EBITDA | $23M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $654.0K |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | -$440.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $523M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $660M |
| PP&E (Net) | $655M |
| Goodwill | $9M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $339.0K |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $776M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $215M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $422M |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $497M |
| TOTAL LIABILITIES | $919M |
| Common Stock | $12M |
| Additional Paid-In Capital | $329M |
| Retained Earnings | $232M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $517M |
| Minority Interest | $0 |
| TOTAL EQUITY | $517M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $572M |
| Net Debt | $539M |
