| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $232M | $234M | $210M | -1.1% | 10.6% |
| Op. Income | $26M | $17M | $39M | 56.9% | -33.6% |
| Gross Margin | 15.7% | 11.2% | 22.7% | 4.5pp | -7.0pp |
| Net Margin | 5.5% | 3.2% | 4.8% | 2.3pp | 0.6pp |
| EPS (Diluted) | $0.41 | $0.24 | $0.34 | 69.7% | 19.1% |
| Free Cash Flow | $18M | -$8M | -$12M | 336.3% | 257.0% |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $196M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $808.2K |
| Operating Expenses | $10M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | -$456.0K |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $36M |
| EBIT | $28M |
| EBITDA | $64M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $196M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $808.2K |
| Operating Expenses | $10M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | -$456.0K |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $36M |
| EBIT | $28M |
| EBITDA | $64M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | -$114.0K |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$263.8K |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $187.8K |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$35.1K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $39M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $196M |
| PP&E (Net) | $733M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $787M |
| TOTAL ASSETS | $982M |
| Account Payables | $64M |
| Short-Term Debt | $81M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $214M |
| Long-Term Debt | $392M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $73M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $521M |
| TOTAL LIABILITIES | $735M |
| Common Stock | $151M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | $94M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $247M |
| Minority Interest | $0 |
| TOTAL EQUITY | $247M |
| TOTAL LIABILITIES & EQUITY | $982M |
| Total Debt | $478M |
| Net Debt | $425M |
