| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $116M | $92M | -1.1% | 24.9% |
| Op. Income | -$79M | $125.4K | -$2M | -63353.6% | -3528.2% |
| Gross Margin | 30.7% | 9.4% | 9.5% | 21.3pp | 21.2pp |
| Net Margin | -2.6% | -1.3% | -1.5% | -1.3pp | -1.1pp |
| EPS (Diluted) | $-0.11 | $-0.06 | $-0.05 | -83.3% | -120.0% |
| Free Cash Flow | $12M | $11M | $4M | 8.5% | 228.6% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $103M |
| Operating Expenses | $114M |
| Cost & Expenses | $194M |
| OPERATING INCOME | -$79M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$646.3K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $10M |
| EBIT | -$2M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$242.9K |
| Acquisitions (Net) | $169.7K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73.3K |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $889.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $2M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $130M |
| Goodwill | $173M |
| Intangible Assets | $127M |
| Long-Term Investments | $37.5K |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $438M |
| TOTAL ASSETS | $510M |
| Account Payables | $11M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $58M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $172M |
| Common Stock | $278.2K |
| Additional Paid-In Capital | $355M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $338M |
| Minority Interest | $0 |
| TOTAL EQUITY | $338M |
| TOTAL LIABILITIES & EQUITY | $510M |
| Total Debt | $89M |
| Net Debt | $74M |
