| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $100M | $87M | 8.3% | 25.2% |
| Op. Income | -$6M | $2M | $75M | -392.4% | -107.9% |
| Gross Margin | 66.6% | 68.7% | 67.5% | -2.1pp | -0.8pp |
| Net Margin | -3.8% | 1.7% | 90.1% | -5.5pp | -93.9pp |
| EPS (Diluted) | $-0.08 | $0.03 | $1.51 | -356.4% | -105.3% |
| Free Cash Flow | $20M | $36M | $20M | -45.3% | -3.1% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $72M |
| R&D Expenses | $19M |
| Selling & Marketing | $31M |
| General & Administrative | $29M |
| SG&A Expenses | $60M |
| Other Expenses | -$827.0K |
| Operating Expenses | $78M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$6M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $345.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1.0K |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $5M |
| EBIT | -$4M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $17.0K |
| Other Non-Cash Items | -$64.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $112M |
| Net Receivables | $43M |
| Inventory | $27M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $56M |
| Goodwill | $40M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $156M |
| TOTAL ASSETS | $413M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $181.0K |
| Other Non-Current Liabilities | $418.0K |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $110M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$735M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $303M |
| Minority Interest | $0 |
| TOTAL EQUITY | $303M |
| TOTAL LIABILITIES & EQUITY | $413M |
| Total Debt | $20M |
| Net Debt | -$46M |
