| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $161M | $176M | $138M | -8.4% | 16.8% |
| Op. Income | $569.0K | $777.0K | $794.0K | -26.8% | -28.3% |
| Gross Margin | 27.5% | 25.8% | 22.0% | 1.7pp | 5.6pp |
| Net Margin | -13.7% | -18.2% | -2.9% | 4.6pp | -10.7pp |
| EPS (Diluted) | $-0.27 | $-0.40 | $-0.06 | 32.5% | -325.9% |
| Free Cash Flow | $8M | -$16M | $16M | 149.3% | -51.5% |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $10M |
| Operating Expenses | $44M |
| Cost & Expenses | $161M |
| OPERATING INCOME | $569.0K |
| Interest Income | $645.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $8M |
| EBIT | -$19M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$489.0K |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | $228.2K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $19M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $52M |
| Goodwill | $210M |
| Intangible Assets | $142M |
| Long-Term Investments | $22M |
| Tax Assets | $7M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $437M |
| TOTAL ASSETS | $649M |
| Account Payables | $15M |
| Short-Term Debt | $52M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $155M |
| Long-Term Debt | $167M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $213M |
| TOTAL LIABILITIES | $368M |
| Common Stock | $103.0K |
| Additional Paid-In Capital | $425M |
| Retained Earnings | $251M |
| Treasury Stock | -$297M |
| Accum. Other Comp. Income | -$194M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $274M |
| Minority Interest | $7M |
| TOTAL EQUITY | $281M |
| TOTAL LIABILITIES & EQUITY | $649M |
| Total Debt | $228M |
| Net Debt | $157M |
