| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $182M | — | 7.1% | — |
| Op. Income | $12M | $670.8K | — | 1646.6% | — |
| Gross Margin | 12.4% | 6.6% | — | 5.8pp | — |
| Net Margin | 5.7% | -9.3% | — | 15.0pp | — |
| EPS (Diluted) | $0.32 | $-0.48 | — | 166.7% | — |
| Free Cash Flow | $13M | -$18M | — | 173.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $24M |
| R&D Expenses | $8M |
| Selling & Marketing | $895.3K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | -$647.2K |
| Operating Expenses | $12M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $12M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $40M |
| EBIT | $17M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $24M |
| R&D Expenses | $8M |
| Selling & Marketing | $895.3K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | -$647.2K |
| Operating Expenses | $12M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $12M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $40M |
| EBIT | $17M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $411M |
| Short-Term Investments | $4M |
| Net Receivables | $208M |
| Inventory | $105M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $731M |
| PP&E (Net) | $606M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $4M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $630M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $52M |
| Short-Term Debt | $174M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $295M |
| Long-Term Debt | $290M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $325M |
| TOTAL LIABILITIES | $620M |
| Common Stock | $227M |
| Additional Paid-In Capital | $190M |
| Retained Earnings | $232M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | $103M |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $740M |
| Minority Interest | $0 |
| TOTAL EQUITY | $740M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $492M |
| Net Debt | $81M |
