| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $294M | $324M | 12.7% | 2.2% |
| Op. Income | $9M | -$3M | $3M | 367.7% | 176.4% |
| Gross Margin | 32.8% | 32.0% | 31.8% | 0.8pp | 1.0pp |
| Net Margin | 0.0% | -2.4% | -0.1% | 2.4pp | 0.1pp |
| EPS (Diluted) | $0.00 | $-0.18 | $-0.01 | 100.1% | 102.0% |
| Free Cash Flow | $9M | -$34M | -$6M | 125.8% | 242.0% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $33M |
| Operating Expenses | $100M |
| Cost & Expenses | $323M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $214.0K |
| Income Tax Expense | $206.0K |
| Net Income from Continuing Ops | $8.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.0K |
| D&A | $10M |
| EBIT | $4M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $33M |
| Operating Expenses | $100M |
| Cost & Expenses | $323M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $214.0K |
| Income Tax Expense | $206.0K |
| Net Income from Continuing Ops | $8.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.0K |
| D&A | $10M |
| EBIT | $4M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8.0K |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $780.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $197.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$160.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $442.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $424M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $446M |
| PP&E (Net) | $466M |
| Goodwill | $1M |
| Intangible Assets | $225.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $468M |
| TOTAL ASSETS | $914M |
| Account Payables | $63M |
| Short-Term Debt | $219M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $370M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $334M |
| TOTAL LIABILITIES | $704M |
| Common Stock | $385.0K |
| Additional Paid-In Capital | $88M |
| Retained Earnings | $121M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $210M |
| Minority Interest | $0 |
| TOTAL EQUITY | $210M |
| TOTAL LIABILITIES & EQUITY | $914M |
| Total Debt | $553M |
| Net Debt | $551M |
