| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $234M | $247M | $240M | -5.3% | -2.6% |
| Op. Income | -$6M | $3M | -$2M | -296.6% | -159.1% |
| Gross Margin | 14.1% | 19.3% | 17.2% | -5.2pp | -3.1pp |
| Net Margin | -6.8% | -4.0% | -6.0% | -2.8pp | -0.8pp |
| EPS (Diluted) | $-0.45 | $-0.28 | $-0.41 | -60.7% | -9.8% |
| Free Cash Flow | $10M | -$12M | $52M | 187.1% | -80.6% |
| Item | Amount |
|---|---|
| REVENUE | $234M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | -$400.0K |
| Operating Expenses | $39M |
| Cost & Expenses | $239M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $15M |
| EBIT | -$6M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $500.0K |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $0 |
| Net Receivables | $219M |
| Inventory | $210M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $585M |
| PP&E (Net) | $246M |
| Goodwill | $176M |
| Intangible Assets | $226M |
| Long-Term Investments | $0 |
| Tax Assets | $41M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $721M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $135M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $243M |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $388M |
| TOTAL LIABILITIES | $631M |
| Common Stock | $18M |
| Additional Paid-In Capital | $198M |
| Retained Earnings | $481M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $675M |
| Minority Interest | $0 |
| TOTAL EQUITY | $675M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $364M |
| Net Debt | $230M |
