| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $167M | $156M | $176M | 7.3% | -5.0% |
| Op. Income | $22M | $21M | $29M | 4.8% | -25.5% |
| Gross Margin | 40.9% | 41.9% | 43.9% | -1.0pp | -3.0pp |
| Net Margin | 7.0% | 7.0% | 7.4% | 0.0pp | -0.4pp |
| EPS (Diluted) | $0.27 | $0.27 | $0.32 | 0.0% | -15.6% |
| Free Cash Flow | $18M | $22M | $22M | -16.9% | -19.8% |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $6M |
| 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 | $5M |
| EBIT | $22M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $6M |
| 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 | $5M |
| EBIT | $22M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $71.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $100M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $366M |
| PP&E (Net) | $99M |
| Goodwill | $181M |
| Intangible Assets | $115M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $404M |
| TOTAL ASSETS | $770M |
| Account Payables | $22M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $291M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $348M |
| TOTAL LIABILITIES | $452M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $283M |
| Retained Earnings | $35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $460.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $318M |
| Minority Interest | $0 |
| TOTAL EQUITY | $318M |
| TOTAL LIABILITIES & EQUITY | $770M |
| Total Debt | $322M |
| Net Debt | $199M |
