| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $410M | $466M | $384M | -12.0% | 7.0% |
| Op. Income | -$11M | $10M | -$17M | -212.3% | 35.7% |
| Gross Margin | 10.1% | 14.5% | 10.7% | -4.4pp | -0.6pp |
| Net Margin | -13.7% | -0.5% | 0.3% | -13.2pp | -14.0pp |
| EPS (Diluted) | $-0.88 | $-0.04 | $0.02 | -2385.9% | -4413.7% |
| Free Cash Flow | -$5M | $30M | -$5M | -117.0% | -11.2% |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $369M |
| GROSS PROFIT | $41M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | -$1M |
| Operating Expenses | $52M |
| Cost & Expenses | $421M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $18M |
| EBIT | -$12M |
| EBITDA | $6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $37M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $87.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $239M |
| Inventory | $471M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $986M |
| PP&E (Net) | $568M |
| Goodwill | $30M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $687M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $252M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $142M |
| TOTAL CURRENT LIABILITIES | $428M |
| Long-Term Debt | $565M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $723M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $739M |
| Retained Earnings | $101M |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | -$209M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $514M |
| Minority Interest | $7M |
| TOTAL EQUITY | $522M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $711M |
| Net Debt | $508M |
