| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $231M | $229M | -4.4% | -3.4% |
| Op. Income | $12M | $17M | $12M | -29.8% | 2.5% |
| Gross Margin | 39.4% | 38.8% | 50.5% | 0.6pp | -11.2pp |
| Net Margin | -5.0% | -197.3% | -0.9% | 192.3pp | -4.1pp |
| EPS (Diluted) | $-0.05 | $-2.10 | $-0.01 | 97.6% | -443.0% |
| Free Cash Flow | -$14M | $23M | -$62M | -158.5% | 78.3% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $87M |
| R&D Expenses | $4M |
| Selling & Marketing | $45M |
| General & Administrative | $56M |
| SG&A Expenses | $100M |
| Other Expenses | -$30M |
| Operating Expenses | $75M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $12M |
| Interest Income | $699.0K |
| Interest Expense | $18M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $29M |
| EBIT | $8M |
| EBITDA | $37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $422.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$75.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | $945.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $160M |
| Inventory | $205M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $552M |
| PP&E (Net) | $345M |
| Goodwill | $1.7B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $72M |
| Short-Term Debt | $205.0K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $891M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $301M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $76M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $893M |
| Net Debt | $765M |
