| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $106M | $142M | -2.4% | -27.1% |
| Op. Income | $13M | $10M | $29M | 29.1% | -54.9% |
| Gross Margin | 48.0% | 44.5% | 51.6% | 3.4pp | -3.7pp |
| Net Margin | -6.2% | 33.7% | 30.4% | -39.9pp | -36.6pp |
| EPS (Diluted) | $-0.08 | $0.50 | $0.60 | -115.9% | -113.4% |
| Free Cash Flow | $23M | $5M | -$29M | 347.9% | 179.0% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $4M |
| SG&A Expenses | $13M |
| Other Expenses | $24M |
| Operating Expenses | $37M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$73.1K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $15M |
| EBIT | $1M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $866.7K |
| Deferred Income Tax | -$73.1K |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$74.5K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $15M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $697M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $103M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $800M |
| TOTAL ASSETS | $953M |
| Account Payables | $0 |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $227M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $243M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $122M |
| Additional Paid-In Capital | $6M |
| Retained Earnings | $515M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $643M |
| Minority Interest | $0 |
| TOTAL EQUITY | $643M |
| TOTAL LIABILITIES & EQUITY | $953M |
| Total Debt | $241M |
| Net Debt | $157M |
