| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $223M | $232M | $223M | -3.8% | -0.1% |
| Op. Income | $16M | $26M | $16M | -40.7% | -5.9% |
| Gross Margin | 12.5% | 15.7% | 13.7% | -3.1pp | -1.2pp |
| Net Margin | 0.0% | 5.5% | 1.6% | -5.4pp | -1.5pp |
| EPS (Diluted) | $0.00 | $0.41 | $0.14 | -99.2% | -97.7% |
| Free Cash Flow | $5M | $18M | $16M | -74.8% | -71.3% |
| Item | Amount |
|---|---|
| REVENUE | $223M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $91.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91.3K |
| D&A | $39M |
| EBIT | $16M |
| EBITDA | $54M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $223M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $91.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91.3K |
| D&A | $39M |
| EBIT | $16M |
| EBITDA | $54M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91.3K |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $887.9K |
| Other Non-Cash Items | -$230.7K |
| Change in Working Capital | -$359.3K |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $958.0K |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$62.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $131M |
| Inventory | $55M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $264M |
| PP&E (Net) | $1.0B |
| Goodwill | $390.6K |
| Intangible Assets | $9M |
| Long-Term Investments | $52M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $75M |
| Short-Term Debt | $118M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $300M |
| Long-Term Debt | $548M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $695M |
| TOTAL LIABILITIES | $995M |
| Common Stock | $207M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $129M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $333M |
| Minority Interest | $0 |
| TOTAL EQUITY | $333M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $673M |
| Net Debt | $600M |
