| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $73M | $60M | 5.0% | 28.8% |
| Op. Income | $33M | $30M | -$2M | 11.7% | 2091.6% |
| Gross Margin | 89.0% | 88.4% | 90.7% | 0.6pp | -1.7pp |
| Net Margin | 273.4% | 42.9% | 2.4% | 230.4pp | 271.0pp |
| EPS (Diluted) | $1.53 | $0.23 | $0.01 | 565.2% | 15200.0% |
| Free Cash Flow | $45M | $44M | $30M | 0.3% | 48.1% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $69M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | -$5M |
| Operating Expenses | $35M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $33M |
| Interest Income | $5M |
| Interest Expense | $7M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | -$175M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $211M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $211M |
| D&A | $5M |
| EBIT | $42M |
| EBITDA | $47M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $69M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | -$5M |
| Operating Expenses | $35M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $33M |
| Interest Income | $5M |
| Interest Expense | $7M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | -$175M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $211M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $211M |
| D&A | $5M |
| EBIT | $42M |
| EBITDA | $47M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $211M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$177M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$69.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$289M |
| Sales/Maturities of Investments | $239M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$240.2K |
| NET CASH FROM FINANCING | -$511.4K |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $318M |
| Net Receivables | $41M |
| Inventory | $46M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $492M |
| PP&E (Net) | $80M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $176M |
| Other Non-Current Assets | $93.0K |
| TOTAL NON-CURRENT ASSETS | $260M |
| TOTAL ASSETS | $752M |
| Account Payables | $3M |
| Short-Term Debt | $18M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $57M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $170M |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$649M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$599.0K |
| Other Equity | $111M |
| TOTAL STOCKHOLDERS' EQUITY | $581M |
| Minority Interest | $0 |
| TOTAL EQUITY | $581M |
| TOTAL LIABILITIES & EQUITY | $752M |
| Total Debt | $75M |
| Net Debt | -$5M |
