| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $269M | $263M | $261M | 2.3% | 3.1% |
| Op. Income | $19M | -$5M | -$8M | 480.0% | 337.5% |
| Gross Margin | 25.3% | 19.4% | 17.2% | 5.9pp | 8.0pp |
| Net Margin | 4.8% | -9.9% | 6.9% | 14.7pp | -2.1pp |
| EPS (Diluted) | $-0.08 | $-0.36 | $0.15 | 78.3% | -152.0% |
| Free Cash Flow | $17M | -$4M | -$41M | 525.0% | 141.5% |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $68M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $42M |
| Operating Expenses | $49M |
| Cost & Expenses | $250M |
| OPERATING INCOME | $19M |
| Interest Income | $4M |
| Interest Expense | $18M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $7M |
| EBIT | $34M |
| EBITDA | $41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $68M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $42M |
| Operating Expenses | $49M |
| Cost & Expenses | $250M |
| OPERATING INCOME | $19M |
| Interest Income | $4M |
| Interest Expense | $18M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $7M |
| EBIT | $34M |
| EBITDA | $41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $146M |
| Inventory | $236M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $592M |
| PP&E (Net) | $235M |
| Goodwill | $12M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $103M |
| Short-Term Debt | $497M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $749M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $425M |
| TOTAL NON-CURRENT LIABILITIES | $465M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$413M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $861M |
| Minority Interest | $0 |
| TOTAL EQUITY | $861M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $549M |
| Net Debt | $381M |
