| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $83M | $86M | 4.8% | 0.8% |
| Op. Income | -$4M | -$7M | $4M | 43.8% | -194.5% |
| Gross Margin | 36.6% | 77.5% | 81.3% | -40.9pp | -44.7pp |
| Net Margin | -2.7% | -0.6% | 11.1% | -2.1pp | -13.8pp |
| EPS (Diluted) | $-0.08 | $-0.02 | $0.32 | -362.2% | -124.8% |
| Free Cash Flow | $20M | $8M | $17M | 153.3% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $32M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | -$35M |
| Operating Expenses | $36M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$4M |
| Interest Income | $3M |
| Interest Expense | $24.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$382.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $4M |
| EBIT | -$3M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$907.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$1.0K |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$27.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $183M |
| Net Receivables | $43M |
| Inventory | $10M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $361M |
| PP&E (Net) | $112M |
| Goodwill | $100M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $579M |
| Account Payables | $19M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$224M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $267.0K |
| Other Equity | $695M |
| TOTAL STOCKHOLDERS' EQUITY | $471M |
| Minority Interest | $0 |
| TOTAL EQUITY | $471M |
| TOTAL LIABILITIES & EQUITY | $579M |
| Total Debt | $37M |
| Net Debt | -$80M |
