| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $152M | — | -5.3% | — |
| Op. Income | -$6M | $2M | — | -376.5% | — |
| Gross Margin | 13.7% | 18.5% | — | -4.8pp | — |
| Net Margin | -8.2% | -1.4% | — | -6.9pp | — |
| EPS (Diluted) | $-0.59 | $-0.10 | — | -490.0% | — |
| Free Cash Flow | $10M | $15M | — | -35.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $13M |
| SG&A Expenses | $30M |
| Other Expenses | $5M |
| Operating Expenses | $35M |
| Cost & Expenses | $154M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$800.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $9M |
| EBIT | -$11M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $238.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$587.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $145M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $286M |
| PP&E (Net) | $127M |
| Goodwill | $0 |
| Intangible Assets | $155M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $349M |
| TOTAL ASSETS | $636M |
| Account Payables | $48M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $475.0K |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $207M |
| Common Stock | $1M |
| Additional Paid-In Capital | $306M |
| Retained Earnings | -$13M |
| Treasury Stock | -$27M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $187M |
| TOTAL EQUITY | $429M |
| TOTAL LIABILITIES & EQUITY | $636M |
| Total Debt | $51M |
| Net Debt | $19M |
