| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $31M | $28M | 10.8% | 21.9% |
| Op. Income | $3M | $3M | $3M | 1.9% | -5.3% |
| Gross Margin | 3.4% | 47.8% | 46.9% | -44.4pp | -43.5pp |
| Net Margin | 8.4% | 9.8% | 11.7% | -1.5pp | -3.3pp |
| EPS (Diluted) | $0.04 | $0.04 | $0.00 | -10.5% | 5866.7% |
| Free Cash Flow | $11M | $6M | $4M | 74.4% | 164.0% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | -$11M |
| Operating Expenses | -$2M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $3M |
| Interest Income | $18.0K |
| Interest Expense | $14.0K |
| Other Income/Expenses | -$311.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | -$11M |
| Operating Expenses | -$2M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $3M |
| Interest Income | $18.0K |
| Interest Expense | $14.0K |
| Other Income/Expenses | -$311.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | -$8M |
| Stock-Based Compensation | -$108.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $823.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | $3M |
| Acquisitions (Net) | $40.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $22.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $507.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $11M |
| Goodwill | $31M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $569.0K |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $88M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $441.0K |
| Deferred Revenue NC | $809.0K |
| Deferred Tax Liabilities | $966.0K |
| Other Non-Current Liabilities | -$734.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $43.0K |
| Additional Paid-In Capital | $120M |
| Retained Earnings | -$56M |
| Treasury Stock | -$662.0K |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $4M |
| Net Debt | $1M |
