| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $183M | $150M | 34.9% | 65.4% |
| Op. Income | $11M | -$2M | -$9M | 689.2% | 225.5% |
| Gross Margin | 21.8% | 20.1% | 13.8% | 1.7pp | 8.0pp |
| Net Margin | 4.8% | 0.5% | -4.0% | 4.4pp | 8.8pp |
| EPS (Diluted) | $0.14 | $0.01 | $-0.08 | 1227.9% | 288.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $54M |
| R&D Expenses | $6M |
| Selling & Marketing | $31M |
| General & Administrative | $6M |
| SG&A Expenses | $37M |
| Other Expenses | -$101.8K |
| Operating Expenses | $43M |
| Cost & Expenses | $237M |
| OPERATING INCOME | $11M |
| Interest Income | $959.9K |
| Interest Expense | $198.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$27.5K |
| 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 | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $54M |
| R&D Expenses | $6M |
| Selling & Marketing | $31M |
| General & Administrative | $6M |
| SG&A Expenses | $37M |
| Other Expenses | -$101.8K |
| Operating Expenses | $43M |
| Cost & Expenses | $237M |
| OPERATING INCOME | $11M |
| Interest Income | $959.9K |
| Interest Expense | $198.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$27.5K |
| 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 | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $159M |
| Short-Term Investments | $72M |
| Net Receivables | $9M |
| Inventory | $99M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $417M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $123.3K |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $496M |
| Account Payables | $188M |
| Short-Term Debt | $64M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $345M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $443.5K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $352M |
| Common Stock | $14.8K |
| Additional Paid-In Capital | $294M |
| Retained Earnings | -$147M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $496M |
| Total Debt | $65M |
| Net Debt | -$94M |
