| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $182M | $127M | -29.9% | 0.4% |
| Op. Income | $10M | $28M | $4M | -63.5% | 137.9% |
| Gross Margin | 34.9% | 37.7% | 32.5% | -2.8pp | 2.4pp |
| Net Margin | 4.3% | 13.2% | 2.6% | -8.8pp | 1.7pp |
| EPS (Diluted) | $0.09 | $0.40 | $0.06 | -77.1% | 62.7% |
| Free Cash Flow | -$7M | $36M | $7M | -120.0% | -204.8% |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $10M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$436.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $436.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $10M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$436.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $436.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $436.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$366.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$104.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$2.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $397.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $0 |
| Net Receivables | $82M |
| Inventory | $111M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $421M |
| PP&E (Net) | $21M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $461M |
| Account Payables | $25M |
| Short-Term Debt | $3.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97.0K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $130M |
| Common Stock | $642.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $228M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $486.0K |
| Other Equity | $102M |
| TOTAL STOCKHOLDERS' EQUITY | $332M |
| Minority Interest | $0 |
| TOTAL EQUITY | $332M |
| TOTAL LIABILITIES & EQUITY | $461M |
| Total Debt | $13M |
| Net Debt | -$184M |
