| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $60M | — | -13.6% | — |
| Op. Income | -$329.0K | $3M | — | -111.4% | — |
| Gross Margin | 8.3% | 19.3% | — | -11.0pp | — |
| Net Margin | -8.0% | -4.4% | — | -3.6pp | — |
| EPS (Diluted) | $-0.18 | $-0.12 | — | -50.0% | — |
| Free Cash Flow | -$281.0K | $332.0K | — | -184.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$329.0K |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $319.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $8M |
| EBIT | $188.0K |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$296.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $260.0K |
| Capital Expenditure | -$541.0K |
| Acquisitions (Net) | $57.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$484.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$57.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$281.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $13.0K |
| Net Receivables | $3M |
| Inventory | $2M |
| Other Current Assets | $793.0K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $372M |
| Goodwill | $25M |
| Intangible Assets | $2M |
| Long-Term Investments | $4M |
| Tax Assets | $2M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $416M |
| TOTAL ASSETS | $435M |
| Account Payables | $58M |
| Short-Term Debt | $43M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $311.0K |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $155M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $337M |
| TOTAL LIABILITIES | $448M |
| Common Stock | $258.0K |
| Additional Paid-In Capital | $159M |
| Retained Earnings | -$126M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$12M |
| Minority Interest | -$950.0K |
| TOTAL EQUITY | -$13M |
| TOTAL LIABILITIES & EQUITY | $435M |
| Total Debt | $359M |
| Net Debt | $349M |
