| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | $69M | $71M | -3.4% | -6.2% |
| Op. Income | $77.0K | -$3M | -$50M | 102.5% | 100.2% |
| Gross Margin | 11.0% | 35.1% | 33.4% | -24.2pp | -22.5pp |
| Net Margin | -46.7% | -2.3% | -91.8% | -44.3pp | 45.1pp |
| EPS (Diluted) | $-0.81 | $-0.04 | $-1.71 | -1824.0% | 52.6% |
| Free Cash Flow | $12M | -$7M | $14M | 266.6% | -19.3% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$18M |
| Operating Expenses | $7M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $77.0K |
| Interest Income | $101.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $3M |
| EBIT | -$1M |
| EBITDA | $2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$903.0K |
| Acquisitions (Net) | $50.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$853.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | -$960.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $120.0K |
| Other Current Assets | -$83M |
| TOTAL CURRENT ASSETS | $120.0K |
| PP&E (Net) | $0 |
| Goodwill | $4M |
| Intangible Assets | $9M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $13M |
| Account Payables | $16M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $703M |
| Retained Earnings | -$457M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $196M |
| Minority Interest | $0 |
| TOTAL EQUITY | $196M |
| TOTAL LIABILITIES & EQUITY | $249M |
| Total Debt | $12M |
| Net Debt | -$24M |
