| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $329M | $336M | $309M | -2.1% | 6.3% |
| Op. Income | $16M | $18M | $13M | -11.2% | 21.3% |
| Gross Margin | 29.9% | 30.3% | 29.2% | -0.4pp | 0.7pp |
| Net Margin | 3.5% | 3.9% | 3.0% | -0.4pp | 0.6pp |
| EPS (Diluted) | $0.50 | $0.56 | $0.40 | -10.7% | 25.0% |
| Free Cash Flow | -$4M | $44M | $3M | -109.5% | -232.5% |
| Item | Amount |
|---|---|
| REVENUE | $329M |
| Cost of Revenue | $230M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $72M |
| Operating Expenses | $83M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $694.0K |
| Other Income/Expenses | -$694.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $8M |
| EBIT | $16M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $329M |
| Cost of Revenue | $230M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $72M |
| Operating Expenses | $83M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $694.0K |
| Other Income/Expenses | -$694.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $8M |
| EBIT | $16M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $843.0K |
| Deferred Income Tax | -$644.0K |
| Other Non-Cash Items | -$42.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$980.0K |
| Common Stock Repurchased | -$167.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $125M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $157M |
| PP&E (Net) | $486M |
| Goodwill | $5M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $502M |
| TOTAL ASSETS | $659M |
| Account Payables | $82M |
| Short-Term Debt | $41M |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$30M |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $251M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$251M |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $456M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | $140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $203M |
| Minority Interest | $0 |
| TOTAL EQUITY | $203M |
| TOTAL LIABILITIES & EQUITY | $659M |
| Total Debt | $335M |
| Net Debt | $321M |
