| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $46M | $32M | -24.9% | 8.9% |
| Op. Income | $5M | $8M | $7M | -31.7% | -24.1% |
| Gross Margin | 27.8% | 24.5% | 34.8% | 3.3pp | -7.0pp |
| Net Margin | 9.0% | 11.4% | 14.2% | -2.4pp | -5.2pp |
| EPS (Diluted) | $0.75 | $1.26 | $1.10 | -40.5% | -31.8% |
| Free Cash Flow | $6M | $10M | $4M | -43.0% | 59.0% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $5M |
| Interest Income | $206.0K |
| Interest Expense | $707.0K |
| Other Income/Expenses | -$379.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $232.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $5M |
| Interest Income | $206.0K |
| Interest Expense | $707.0K |
| Other Income/Expenses | -$379.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $232.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $500.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$56.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$56.0K |
| Net Debt Issuance | -$600.0K |
| Common Stock Repurchased | -$459.0K |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $680.0K |
| Other Current Assets | $995.0K |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $6M |
| Goodwill | $95.0K |
| Intangible Assets | $391.0K |
| Long-Term Investments | $0 |
| Tax Assets | $599.0K |
| Other Non-Current Assets | $85.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $51M |
| Account Payables | $6M |
| Short-Term Debt | $2M |
| Deferred Revenue | $250.0K |
| Other Current Liabilities | $453.0K |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $49M |
| Deferred Revenue NC | $557.0K |
| Deferred Tax Liabilities | $491.0K |
| Other Non-Current Liabilities | -$2M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $94.0K |
| Additional Paid-In Capital | $64M |
| Retained Earnings | $7M |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$15M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$15M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $55M |
| Net Debt | $31M |
