| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $412M | $451M | $434M | -8.7% | -5.2% |
| Op. Income | $13M | $21M | $24M | -38.2% | -45.9% |
| Gross Margin | 18.9% | 19.0% | 20.6% | -0.1pp | -1.7pp |
| Net Margin | -5.1% | -14.9% | 4.0% | 9.8pp | -9.1pp |
| EPS (Diluted) | $-0.38 | $-1.20 | $0.30 | 68.3% | -226.7% |
| Free Cash Flow | $44M | $25M | $26M | 74.6% | 72.4% |
| Item | Amount |
|---|---|
| REVENUE | $412M |
| Cost of Revenue | $334M |
| GROSS PROFIT | $78M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $399M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $35M |
| EBIT | $13M |
| EBITDA | $48M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | $365.9K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $239M |
| Inventory | $277M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $644M |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $13M |
| Tax Assets | $21M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $197M |
| Short-Term Debt | $305M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $675M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $897M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $85M |
| Additional Paid-In Capital | $80M |
| Retained Earnings | $382M |
| Treasury Stock | -$91M |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $385M |
| Minority Interest | $0 |
| TOTAL EQUITY | $385M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $980M |
| Net Debt | $919M |
