Financial Performance - Total consolidated revenue for Q3 2025 was $38.8 million, with Tool Rental revenue at $31.9 million and Product Sales revenue at $7.0 million[3]. - Net loss attributable to common stockholders for Q3 2025 was $903,000, equating to a loss of $0.03 per diluted share[3]. - Adjusted EBITDA for Q3 2025 was $9.1 million, with Adjusted Free Cash Flow of $5.6 million[3]. - The company reported a total revenue of $121.1 million for the nine months ended September 30, 2025, compared to $114.6 million for the same period in 2024[16]. - For the nine months ended September 30, 2025, the net loss was $4,978,000 compared to a net income of $4,359,000 for the same period in 2024[20]. - For the three months ended September 30, 2025, the net loss was $904,000 compared to a net income of $867,000 in the same period of 2024[33]. - Adjusted net income for the three months ended September 30, 2025, was $751,000, down from $4,630,000 in 2024, reflecting a decrease of approximately 84.8%[35]. Revenue Guidance and Projections - The company maintained its full year 2025 revenue guidance range of $145 million to $165 million[7]. - For the twelve months ending December 31, 2025, the estimated adjusted EBITDA is projected to be between $32,000,000 and $42,000,000, with a revenue estimate of $145,000,000 to $165,000,000[37]. - The adjusted EBITDA margin for the estimated twelve months ending December 31, 2025, is expected to range from 22% to 25%[37]. - The company anticipates adjusted free cash flow for the twelve months ending December 31, 2025, to be between $14,000,000 and $19,000,000, with a margin of 10% to 12%[38]. Expenses and Cash Flow - Selling, general, and administrative expenses for Q3 2025 were $20.4 million, compared to $19.9 million in Q3 2024[14]. - The company experienced a comprehensive loss of $1.5 million in Q3 2025, compared to a comprehensive income of $2.0 million in Q3 2024[14]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $29,202,000, a decrease from $30,983,000 in 2024, representing a decline of approximately 5.7%[30]. - Cash flows from operating activities of $14,588,000 for the nine months ended September 30, 2025, compared to $9,723,000 in 2024, an increase of approximately 50.5%[20]. - Transaction expenses for the three months ended September 30, 2025, were $171,000, significantly lower than $1,857,000 in the same period of 2024[35]. - Capital expenditures for the nine months ended September 30, 2025, were $16,136,000, compared to $19,678,000 in 2024, indicating a reduction of approximately 18.3%[35]. - The company reported an increase in interest expense, net, to $3,981,000 for the nine months ended September 30, 2025, from $2,030,000 in 2024, reflecting a rise of 96.3%[35]. Balance Sheet and Assets - Total assets increased to $227,397,000 as of September 30, 2025, compared to $222,431,000 as of December 31, 2024, reflecting a growth of about 2.4%[18]. - Total liabilities rose to $106,277,000 as of September 30, 2025, up from $102,472,000 at the end of 2024, indicating an increase of approximately 3.5%[18]. - Cash at the end of the period was $4,373,000, down from $6,185,000 at the beginning of the period, marking a decrease of about 29.3%[20]. - The current portion of long-term debt decreased to $5,970,000 as of September 30, 2025, from $6,995,000 as of December 31, 2024, a reduction of about 14.6%[18]. - The total equity increased to $121,120,000 as of September 30, 2025, compared to $119,959,000 as of December 31, 2024, reflecting a growth of approximately 1.0%[18]. Impairments and Charges - The company incurred a goodwill impairment charge of $1,901,000 during the nine months ended September 30, 2025[30]. - The company reported a goodwill impairment of $1,901,000 for the nine months ended September 30, 2025, with no such impairment reported in 2024[35]. Segment Performance - The Eastern Hemisphere segment saw a revenue growth of 41% quarter over quarter, contributing approximately 15% of total revenue in the current quarter[5]. Debt Management - DTI paid down $5.6 million in debt and increased its cash position by $3.2 million during the quarter[4].
Rank One Computing(ROC) - 2025 Q3 - Quarterly Results