| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | — | $71M | — | 15.0% |
| Op. Income | -$6M | — | -$3M | — | -129.5% |
| Gross Margin | 21.0% | — | 24.2% | — | -3.2pp |
| Net Margin | -8.2% | — | -1.2% | — | -7.0pp |
| EPS (Diluted) | $-0.24 | — | $-0.03 | — | -629.5% |
| Free Cash Flow | -$4M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $17M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $88M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$81.8K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $679.7K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $0 |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $484.3K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$210.0K |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$47.6K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$161.2K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $896.9K |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $25M |
| Goodwill | $1M |
| Intangible Assets | $2M |
| Long-Term Investments | $4M |
| Tax Assets | $73.9K |
| Other Non-Current Assets | $481.8K |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $118M |
| Account Payables | $3M |
| Short-Term Debt | $33M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $896.7K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $2.8K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56M |
| Minority Interest | $2M |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $118M |
| Total Debt | $34M |
| Net Debt | $6M |
