| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $36M | $31M | 8.4% | 27.7% |
| Op. Income | $2M | -$3M | -$2M | 150.2% | 170.5% |
| Gross Margin | 69.2% | 63.8% | 68.0% | 5.4pp | 1.3pp |
| Net Margin | 1.9% | -14.8% | -10.4% | 16.7pp | 12.3pp |
| EPS (Diluted) | $0.03 | $-0.19 | $-0.12 | 115.8% | 125.0% |
| Free Cash Flow | $11M | -$7M | $6M | 262.8% | 75.9% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $27M |
| R&D Expenses | $1M |
| Selling & Marketing | $8M |
| General & Administrative | $11M |
| SG&A Expenses | $19M |
| Other Expenses | $5M |
| Operating Expenses | $25M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $2M |
| Interest Income | $171.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$92.0K |
| Income Tax Expense | -$849.0K |
| Net Income from Continuing Ops | $757.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $757.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $757.0K |
| D&A | $8M |
| EBIT | $2M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $757.0K |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$851.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $772.0K |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$272.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $78M |
| NET CASH FROM FINANCING | $76M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $3M |
| Other Current Assets | $234M |
| TOTAL CURRENT ASSETS | $278M |
| PP&E (Net) | $34M |
| Goodwill | $116M |
| Intangible Assets | $88M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $264M |
| TOTAL ASSETS | $542M |
| Account Payables | $2M |
| Short-Term Debt | $6M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $240M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $69M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | -$5M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $344M |
| Common Stock | $281.0K |
| Additional Paid-In Capital | $517M |
| Retained Earnings | -$320M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $435.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $198M |
| Minority Interest | $0 |
| TOTAL EQUITY | $198M |
| TOTAL LIABILITIES & EQUITY | $542M |
| Total Debt | $80M |
| Net Debt | $55M |
