| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $91M | $89M | $78M | 3.2% | 17.0% |
| Op. Income | -$19M | -$26M | -$36M | 25.7% | 46.3% |
| Gross Margin | 74.6% | 73.9% | 74.7% | 0.7pp | -0.0pp |
| Net Margin | -19.3% | -27.1% | -41.7% | 7.8pp | 22.4pp |
| EPS (Diluted) | $-0.13 | $-0.18 | $-0.26 | 27.8% | 50.0% |
| Free Cash Flow | $13M | $3M | $2M | 277.4% | 728.4% |
| Item | Amount |
|---|---|
| REVENUE | $91M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $68M |
| R&D Expenses | $23M |
| Selling & Marketing | $49M |
| General & Administrative | $15M |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $948.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $2M |
| EBIT | -$17M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$185.0K |
| Acquisitions (Net) | $65.0K |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $111M |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $28M |
| Goodwill | $25M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $421M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $122M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$546M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $589.0K |
| Other Equity | $791M |
| TOTAL STOCKHOLDERS' EQUITY | $245M |
| Minority Interest | $0 |
| TOTAL EQUITY | $245M |
| TOTAL LIABILITIES & EQUITY | $421M |
| Total Debt | $7M |
| Net Debt | -$74M |
