| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $293M | $260M | -18.0% | -7.6% |
| Op. Income | -$2M | $9M | -$3M | -123.4% | 26.7% |
| Gross Margin | 17.2% | 19.8% | 14.3% | -2.6pp | 3.0pp |
| Net Margin | -6.0% | -0.5% | -4.5% | -5.5pp | -1.5pp |
| EPS (Diluted) | $-0.41 | $-0.05 | $-0.33 | -809.1% | -24.2% |
| Free Cash Flow | $52M | -$58M | $12M | 189.2% | 327.0% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $6M |
| Operating Expenses | $44M |
| Cost & Expenses | $242M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $500.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | -$4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | $24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $224M |
| Inventory | $219M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $234M |
| Goodwill | $167M |
| Intangible Assets | $236M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $732M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $108M |
| Short-Term Debt | $200.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $328M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $399M |
| TOTAL LIABILITIES | $600M |
| Common Stock | $19M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $558M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $179M |
| TOTAL STOCKHOLDERS' EQUITY | $704M |
| Minority Interest | $0 |
| TOTAL EQUITY | $704M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $355M |
| Net Debt | $251M |
