| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $258M | $237M | 3.6% | 12.7% |
| Op. Income | $32M | $27M | $18M | 16.6% | 72.1% |
| Gross Margin | 51.7% | 52.0% | 51.0% | -0.3pp | 0.7pp |
| Net Margin | -1.1% | -10.5% | -3.2% | 9.4pp | 2.1pp |
| EPS (Diluted) | $-0.03 | $-0.31 | $-0.10 | 89.5% | 67.4% |
| Free Cash Flow | $45M | $42M | $35M | 6.2% | 27.8% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $138M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $106M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $32M |
| Interest Income | $800.0K |
| Interest Expense | $26M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $7M |
| 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 | $12M |
| EBIT | $32M |
| EBITDA | $43M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $176M |
| Common Stock Repurchased | -$218M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $10M |
| Net Receivables | $165M |
| Inventory | $186M |
| Other Current Assets | $106M |
| TOTAL CURRENT ASSETS | $621M |
| PP&E (Net) | $111M |
| Goodwill | $492M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $785M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $75M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$7M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $509M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $545.0K |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $585M |
| TOTAL LIABILITIES | $840M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$406M |
| Treasury Stock | -$487M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $566M |
| Minority Interest | $0 |
| TOTAL EQUITY | $566M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $535M |
| Net Debt | $326M |
