| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $85M | $107M | -3.7% | -23.0% |
| Op. Income | $2M | $4M | $10M | -54.3% | -82.0% |
| Gross Margin | 33.6% | 34.3% | 34.0% | -0.7pp | -0.4pp |
| Net Margin | 0.2% | 0.0% | 3.4% | 0.1pp | -3.2pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.04 | 366.7% | -96.5% |
| Free Cash Flow | $9M | $4M | -$3M | 94.4% | 365.9% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $28M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $710.0K |
| Income Tax Expense | $581.0K |
| Net Income from Continuing Ops | $129.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129.0K |
| D&A | $4M |
| EBIT | $2M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $28M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $710.0K |
| Income Tax Expense | $581.0K |
| Net Income from Continuing Ops | $129.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129.0K |
| D&A | $4M |
| EBIT | $2M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $129.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$98.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $62M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $225M |
| PP&E (Net) | $57M |
| Goodwill | $34M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $317M |
| Account Payables | $71M |
| Short-Term Debt | $23M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $234.0K |
| Additional Paid-In Capital | $455M |
| Retained Earnings | -$253M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $173M |
| Minority Interest | $0 |
| TOTAL EQUITY | $173M |
| TOTAL LIABILITIES & EQUITY | $317M |
| Total Debt | $50M |
| Net Debt | $11M |
