| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $62M | $95M | 61.3% | 4.4% |
| Op. Income | $69.0K | -$17M | $28M | 100.4% | -99.8% |
| Gross Margin | 32.5% | -7.2% | 47.5% | 39.7pp | -15.0pp |
| Net Margin | -0.8% | -24.2% | 21.0% | 23.4pp | -21.8pp |
| EPS (Diluted) | $-0.01 | $-0.15 | $0.20 | 94.7% | -104.0% |
| Free Cash Flow | $37M | $28M | $24M | 34.3% | 56.9% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $19M |
| Operating Expenses | $32M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $69.0K |
| Interest Income | $153.0K |
| Interest Expense | $611.0K |
| Other Income/Expenses | -$458.0K |
| INCOME BEFORE TAX | -$389.0K |
| Income Tax Expense | $368.0K |
| Net Income from Continuing Ops | -$757.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$795.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$795.0K |
| D&A | $18M |
| EBIT | $222.0K |
| EBITDA | $19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$795.0K |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$56.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $43M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $377M |
| Goodwill | $41M |
| Intangible Assets | $43M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $462M |
| TOTAL ASSETS | $541M |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $139M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $152M |
| Retained Earnings | $310M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $402M |
| Minority Interest | -$131.0K |
| TOTAL EQUITY | $402M |
| TOTAL LIABILITIES & EQUITY | $541M |
| Total Debt | $13M |
| Net Debt | -$17M |
