| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $183M | $176M | $182M | 3.4% | 0.3% |
| Op. Income | -$5M | -$12M | -$252.0K | 60.5% | -1719.0% |
| Gross Margin | 23.5% | 23.4% | 24.5% | 0.1pp | -1.0pp |
| Net Margin | -1.2% | -43.7% | -1.4% | 42.5pp | 0.2pp |
| EPS (Diluted) | $-0.07 | $-2.58 | $-0.09 | 97.3% | 18.0% |
| Free Cash Flow | $32.0K | -$17M | $4M | 100.2% | -99.2% |
| Item | Amount |
|---|---|
| REVENUE | $183M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $43M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$5M |
| Interest Income | $892.0K |
| Interest Expense | $360.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$195.0K |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $14M |
| EBIT | -$1M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $483.0K |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $92M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$388.0K |
| NET CASH FROM INVESTING | $82M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$441.0K |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $32.0K |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $196M |
| Other Current Assets | $421.0K |
| TOTAL CURRENT ASSETS | $531M |
| PP&E (Net) | $337M |
| Goodwill | $269.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $141M |
| Tax Assets | $8M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $506M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $49M |
| Short-Term Debt | $3M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $161M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $386M |
| Retained Earnings | $532M |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $834M |
| Minority Interest | $0 |
| TOTAL EQUITY | $834M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $33M |
| Net Debt | -$191M |
