| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $75M | $79M | 6.2% | 0.3% |
| Op. Income | $12M | $20M | $9M | -38.5% | 43.1% |
| Gross Margin | 24.4% | 34.5% | 19.5% | -10.1pp | 4.9pp |
| Net Margin | 20.4% | 28.6% | 22.4% | -8.2pp | -2.0pp |
| EPS (Diluted) | $0.17 | $0.23 | $0.20 | -26.1% | -15.0% |
| Free Cash Flow | $17M | $29M | $13M | -42.5% | 27.3% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $12M |
| Interest Income | $480.6K |
| Interest Expense | $807.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$719.9K |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $6M |
| EBIT | $16M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $12M |
| Interest Income | $480.6K |
| Interest Expense | $807.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$719.9K |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $6M |
| EBIT | $16M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $5.9K |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$531.7K |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$107.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $13M |
| Net Receivables | $78M |
| Inventory | $50M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $188M |
| PP&E (Net) | $158M |
| Goodwill | $15M |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $17M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $210M |
| TOTAL ASSETS | $398M |
| Account Payables | $28M |
| Short-Term Debt | $34M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $215M |
| Common Stock | $143M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $31M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $183M |
| Minority Interest | $0 |
| TOTAL EQUITY | $183M |
| TOTAL LIABILITIES & EQUITY | $398M |
| Total Debt | $36M |
| Net Debt | -$4M |
