What guidance does management provide for Q4âŻ2025 and fullâyear 2025, including revenue, EBITDA, and cash flow expectations?
Management did not disclose any explicit Q4âŻ2025 or fullâyearâ2025 guidance in the AugustâŻ14 press release covering the nineâmonth results. The release focuses on the yearâtoâdate revenue increase to $59.3âŻmillion and the drivers behind it, but it contains no forwardâlooking figures for the fourth quarter, fullâyear revenue, EBITDA, or operating cash flow.
Because the company has not set formal targets, traders should treat the nineâmonth performance as the primary quantitative reference point and watch closely for the upcoming earnings call or a subsequent filing (e.g., a FormâŻ10âK or an investorâpresentation) where management is likely to outline 2025 expectations. In the meantime, the notable revenue upliftâespecially from Journal Technologiesâ license, maintenance, and consulting feesâsuggests a positive earnings momentum that could support shortâterm upside if the broader market remains riskâon. However, without defined EBITDA or cashâflow guidance, any positioning should be sized conservatively and contingent on the forthcoming detailed outlook.