| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226M | $247M | $208M | -8.4% | 8.5% |
| Op. Income | $21M | $34M | $18M | -37.6% | 14.0% |
| Gross Margin | 21.4% | 24.4% | 20.3% | -3.0pp | 1.1pp |
| Net Margin | 6.6% | 9.8% | 7.1% | -3.1pp | -0.5pp |
| EPS (Diluted) | $0.72 | $1.16 | $0.71 | -37.9% | 1.4% |
| Free Cash Flow | $12M | $31M | $14M | -60.3% | -9.8% |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$780.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | -$436.0K |
| EBIT | $21M |
| EBITDA | $21M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$780.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | -$436.0K |
| EBIT | $21M |
| EBITDA | $21M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $886.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $229.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $779.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $112M |
| Inventory | $82M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $210M |
| PP&E (Net) | $234M |
| Goodwill | $117M |
| Intangible Assets | $130M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $497M |
| TOTAL ASSETS | $707M |
| Account Payables | $40M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $166M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $208.0K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $422M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $457M |
| Minority Interest | $0 |
| TOTAL EQUITY | $457M |
| TOTAL LIABILITIES & EQUITY | $707M |
| Total Debt | $124M |
| Net Debt | $116M |
