| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $241M | $244M | 2.8% | 1.4% |
| Op. Income | $22M | $15M | $33M | 46.5% | -32.9% |
| Gross Margin | 44.8% | 44.3% | 44.7% | 0.5pp | 0.1pp |
| Net Margin | 4.3% | 1.9% | 7.9% | 2.4pp | -3.6pp |
| EPS (Diluted) | $0.30 | $0.12 | $0.53 | 150.0% | -43.4% |
| Free Cash Flow | $4M | $12M | $19M | -64.0% | -78.4% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $111M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $14M |
| Operating Expenses | $89M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $5M |
| 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 | $16M |
| EBIT | $22M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $111M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $14M |
| Operating Expenses | $89M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $5M |
| 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 | $16M |
| EBIT | $22M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$643.0K |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $180M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $468M |
| PP&E (Net) | $163M |
| Goodwill | $648M |
| Intangible Assets | $193M |
| Long-Term Investments | $0 |
| Tax Assets | $27M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $100M |
| Short-Term Debt | $17M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $446M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $517M |
| TOTAL LIABILITIES | $704M |
| Common Stock | $424M |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $304M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $801M |
| Minority Interest | $0 |
| TOTAL EQUITY | $801M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $505M |
| Net Debt | $416M |
