| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $130M | $125M | 6.3% | 10.6% |
| Op. Income | $13M | $9M | $18M | 38.2% | -26.9% |
| Gross Margin | 29.7% | 30.9% | 35.8% | -1.2pp | -6.1pp |
| Net Margin | 1.7% | 0.4% | 1.0% | 1.3pp | 0.6pp |
| EPS (Diluted) | $0.19 | $0.04 | $0.11 | 337.8% | 72.7% |
| Free Cash Flow | $5M | $533.0K | $11M | 896.1% | -52.1% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $2M |
| Operating Expenses | $28M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $12M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $2M |
| Operating Expenses | $28M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $12M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$423.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $91M |
| Inventory | $85M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $211M |
| PP&E (Net) | $106M |
| Goodwill | $51M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $196M |
| TOTAL ASSETS | $407M |
| Account Payables | $29M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $308M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $350M |
| TOTAL LIABILITIES | $433M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | -$103M |
| Retained Earnings | $77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$26M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$26M |
| TOTAL LIABILITIES & EQUITY | $407M |
| Total Debt | $321M |
| Net Debt | $305M |
