| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $203M | $210M | 2.8% | -0.9% |
| Op. Income | $16M | -$68M | $15M | 123.3% | 7.5% |
| Gross Margin | 31.0% | 31.6% | 35.2% | -0.5pp | -4.2pp |
| Net Margin | 4.1% | -36.3% | 5.1% | 40.4pp | -1.0pp |
| EPS (Diluted) | $0.48 | $-4.00 | $0.58 | 112.0% | -17.2% |
| Free Cash Flow | $21M | $6M | $25M | 278.6% | -15.9% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $65M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $16M |
| Interest Income | $800.0K |
| Interest Expense | $300.0K |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $15M |
| EBIT | $17M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $65M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $16M |
| Interest Income | $800.0K |
| Interest Expense | $300.0K |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $15M |
| EBIT | $17M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $800.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $800.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$400.0K |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $177M |
| Inventory | $143M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $505M |
| PP&E (Net) | $401M |
| Goodwill | $304M |
| Intangible Assets | $102M |
| Long-Term Investments | $0 |
| Tax Assets | $67M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $941M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $243M |
| Common Stock | $18M |
| Additional Paid-In Capital | $117M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $23M |
| Net Debt | -$145M |
