| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $161M | $172M | -3.9% | -9.9% |
| Op. Income | $11M | $19M | $28M | -45.9% | -62.1% |
| Gross Margin | 36.3% | 36.5% | 90.0% | -0.2pp | -53.6pp |
| Net Margin | 3.2% | 6.8% | 10.1% | -3.6pp | -6.9pp |
| EPS (Diluted) | $0.17 | $0.37 | $0.53 | -54.1% | -67.9% |
| Free Cash Flow | -$36M | $35M | $23M | -200.6% | -251.9% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $12M |
| Operating Expenses | $46M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $4M |
| EBIT | $11M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $12M |
| Operating Expenses | $46M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $4M |
| EBIT | $11M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $407.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$176.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $0 |
| Net Receivables | $121M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $311M |
| PP&E (Net) | $74M |
| Goodwill | $55M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $168M |
| TOTAL ASSETS | $479M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $158M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $618.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $176M |
| TOTAL LIABILITIES | $329M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $86M |
| Retained Earnings | $281M |
| Treasury Stock | -$217M |
| Accum. Other Comp. Income | -$22.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $479M |
| Total Debt | $181M |
| Net Debt | $30M |
