| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $141M | $127M | 0.0% | 11.0% |
| Op. Income | $13M | $12M | $11M | 11.7% | 18.1% |
| Gross Margin | 31.8% | 29.8% | 31.3% | 2.0pp | 0.5pp |
| Net Margin | 7.4% | 6.6% | 8.1% | 0.9pp | -0.7pp |
| EPS (Diluted) | $0.73 | $0.57 | $0.57 | 28.1% | 28.1% |
| Free Cash Flow | $4M | -$3M | $10M | 212.1% | -63.4% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $4M |
| Operating Expenses | $31M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $13M |
| Interest Income | $32.0K |
| Interest Expense | $404.0K |
| Other Income/Expenses | -$372.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $18M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $4M |
| Operating Expenses | $31M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $13M |
| Interest Income | $32.0K |
| Interest Expense | $404.0K |
| Other Income/Expenses | -$372.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $18M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$942.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $96M |
| Goodwill | $12M |
| Intangible Assets | $0 |
| Long-Term Investments | $430.0K |
| Tax Assets | $6M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $126M |
| TOTAL ASSETS | $275M |
| Account Payables | $18M |
| Short-Term Debt | $20M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $735.0K |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $216M |
| Retained Earnings | $16M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $275M |
| Total Debt | $92M |
| Net Debt | $79M |
