| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $378M | $367M | $366M | 3.0% | 3.4% |
| Op. Income | $3M | $6M | $19M | -48.4% | -83.1% |
| Gross Margin | 33.6% | 34.6% | 35.8% | -1.0pp | -2.3pp |
| Net Margin | -3.9% | 2.9% | -0.6% | -6.8pp | -3.3pp |
| EPS (Diluted) | $-0.17 | $0.12 | $-0.03 | -241.7% | -536.7% |
| Free Cash Flow | $28M | -$11M | $29M | 361.6% | -4.6% |
| Item | Amount |
|---|---|
| REVENUE | $378M |
| Cost of Revenue | $251M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $88M |
| General & Administrative | $35M |
| SG&A Expenses | $123M |
| Other Expenses | $500.0K |
| Operating Expenses | $124M |
| Cost & Expenses | $375M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $20M |
| EBIT | $4M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $138M |
| Inventory | $113M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $333M |
| PP&E (Net) | $397M |
| Goodwill | $871M |
| Intangible Assets | $973M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $193M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $172M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $274M |
| Long-Term Debt | $841M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $130M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$318M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $725M |
| Minority Interest | $637M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.0B |
| Net Debt | $977M |
