| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $75M | $74M | 7.6% | 8.3% |
| Op. Income | $15M | $13M | $18M | 15.9% | -18.1% |
| Gross Margin | 78.7% | 80.1% | 79.9% | -1.4pp | -1.2pp |
| Net Margin | 12.3% | 16.3% | 24.7% | -4.0pp | -12.4pp |
| EPS (Diluted) | $0.14 | $0.17 | $0.24 | -17.6% | -41.7% |
| Free Cash Flow | $16M | $18M | $23M | -11.2% | -31.2% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $63M |
| R&D Expenses | $19M |
| Selling & Marketing | $22M |
| General & Administrative | $7M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $15M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $963.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $4M |
| EBIT | $16M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $63M |
| R&D Expenses | $19M |
| Selling & Marketing | $22M |
| General & Administrative | $7M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $15M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $963.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $4M |
| EBIT | $16M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $632.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $19M |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$225M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $225M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $307M |
| Net Receivables | $62M |
| Inventory | $18M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $476M |
| PP&E (Net) | $50M |
| Goodwill | $15M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $62M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $630M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $81M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $134M |
| Long-Term Debt | $219M |
| Deferred Revenue NC | $62M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $285M |
| TOTAL LIABILITIES | $418M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $532M |
| Retained Earnings | -$71M |
| Treasury Stock | -$250M |
| Accum. Other Comp. Income | $659.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $212M |
| Minority Interest | $0 |
| TOTAL EQUITY | $212M |
| TOTAL LIABILITIES & EQUITY | $630M |
| Total Debt | $219M |
| Net Debt | $148M |
