| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $179M | $150M | -1.7% | 17.4% |
| Op. Income | $29M | $30M | $12M | -5.1% | 132.6% |
| Gross Margin | 39.4% | 39.7% | 37.5% | -0.3pp | 1.9pp |
| Net Margin | -3.1% | 12.4% | -1.2% | -15.5pp | -1.9pp |
| EPS (Diluted) | $-0.50 | $1.80 | $-0.14 | -127.8% | -257.1% |
| Free Cash Flow | $26M | $20M | $2M | 28.7% | 1120.5% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $69M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $29M |
| Interest Income | $258.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $7M |
| EBIT | $23M |
| EBITDA | $30M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$343.0K |
| Other Non-Cash Items | $28M |
| Change in Working Capital | $227.0K |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $41.0K |
| Purchases of Investments | $985.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$971.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $57.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $121M |
| Inventory | $167M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $385M |
| PP&E (Net) | $71M |
| Goodwill | $433M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $550M |
| TOTAL ASSETS | $935M |
| Account Payables | $53M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $213M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $289M |
| TOTAL LIABILITIES | $417M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $426M |
| TOTAL STOCKHOLDERS' EQUITY | $426M |
| Minority Interest | $93M |
| TOTAL EQUITY | $519M |
| TOTAL LIABILITIES & EQUITY | $935M |
| Total Debt | $237M |
| Net Debt | $179M |
