Financial Data and Key Metrics Changes - The company reported consolidated revenue of $48.5 million for Q3 2025, a year-over-year decrease of 6.4% [11] - Gross profit for Q3 was $13.5 million, down 8.9% compared to the prior year, with gross margins declining by 70 basis points [12] - GAAP net income was $0.9 million, or 8 cents per diluted share, compared to $1.9 million, or 16 cents per diluted share in the prior year [15] - Non-GAAP net income was $3.5 million, or 29 cents per diluted share, compared to $2.8 million, or 23 cents per diluted share in the prior year [15] - The company had cash balances of $32.7 million and no bank debt outstanding as of September 30, 2025 [16] Business Line Data and Key Metrics Changes - IT Staffing Services segment revenue was $40.6 million, a decline of 4.4% year-over-year, with record gross margins of 24.8% and average bill rates at $86.60 [8][11] - Data and Analytics Services segment revenue was $7.9 million, down 15.8% year-over-year, with new bookings of $6.1 million compared to $11.1 million in the prior year [9][11] Company Strategy and Development Direction - The company is focused on long-term sustainable growth and has initiated the EDGE program aimed at optimizing operations and driving growth [5][6] - The EDGE program includes cost diagnostics, process simplification, and disciplined spend management to unlock capacity for reinvestment [13][24] - The company aims to transition into an AI-first organization, helping enterprises modernize and adopt AI technologies [5][6] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious demand environment due to macroeconomic and geopolitical uncertainties, impacting customer spending decisions [5][6] - Despite current challenges, management believes long-term demand drivers remain intact and is focused on positioning the company for future growth [9][10] Other Important Information - The company repurchased approximately 192,000 shares of common stock at an average price of $7.68, totaling about $1.5 million [16] - The company plans to continue its share repurchase program opportunistically to return capital to shareholders [17] Q&A Session Summary Question: Will the company increase its buyback program? - The company will continue its buyback efforts in Q4 and is considering entering another Rule 10b5-1 plan [19][20] Question: What is the plan regarding consultant numbers and bill rates? - The average bill rate increased to $86.60, and the focus is on higher-value accounts and complex roles, with a current count of 933 billable consultants [21][23] Question: Can you elaborate on the EDGE program and potential cost savings? - The EDGE program focuses on driving higher revenue quality and operational efficiency, with expectations for investment returns starting in Q1 2026 [24][27] Question: What are the expected expenses related to the finance and accounting transition? - The company expects costs to remain within the previously communicated range, with completion anticipated by Q4 [40] Question: What are the drivers for bill rate growth? - The average bill rate increased by 4% year-over-year, driven by a focus on high-value accounts and complex work [42] Question: What are the key areas of focus for AI-driven efforts? - The company is prioritizing data modernization, data consolidation, and AI transformation, with ongoing demand for high-value talent [44][46]