Reported results
- Revenues decreased to $289.3 million compared to $306.5 million for Q3 2025.
- Operating loss was $(33.6) million compared to operating income of $11.4 million for Q3 2025.
- Net loss from continuing operations was $(28.7) million compared to $(16.0) million for Q3 2025.
- Non-GAAP Adjusted EBITDA decreased to $82.2 million compared to $97.8 million for Q3 2025.
- Non-GAAP Adjusted net income per diluted share decreased to $1.39 compared to $1.40 for Q3 2025.
- Non-GAAP Free cash flow from continuing and discontinued operations decreased to $(100.1) million compared to $108.2 million in Q3 2025.
Notes
During the second quarter of 2026, the Company completed the sale of its Connectivity business, the results of which are classified as discontinued operations for all periods presented.
Price and volatility reaction
The stock moved -8.6% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 54.28 | 2026-11-05 |
| Close after release | 49.61 | 2026-11-06 |
| Realised move | -8.6% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.
