| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $135M | — | -11.5% | — |
| Op. Income | -$12M | -$13M | — | 8.3% | — |
| Gross Margin | 47.5% | 41.4% | — | 6.1pp | — |
| Net Margin | -15.8% | -17.2% | — | 1.4pp | — |
| EPS (Diluted) | $-0.18 | $-0.22 | — | 18.2% | — |
| Free Cash Flow | $5M | $3M | — | 37.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $57M |
| R&D Expenses | $9M |
| Selling & Marketing | $14M |
| General & Administrative | $45M |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $131M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $23M |
| EBIT | -$11M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $36.0K |
| NET CASH FROM FINANCING | $36.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $190M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $243M |
| PP&E (Net) | $57M |
| Goodwill | $222M |
| Intangible Assets | $258M |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $570M |
| TOTAL ASSETS | $813M |
| Account Payables | $140M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $409M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $436M |
| TOTAL LIABILITIES | $659M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $893M |
| Retained Earnings | -$687M |
| Treasury Stock | -$71.0K |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $813M |
| Total Debt | $418M |
| Net Debt | $378M |
