| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $143M | $127M | -4.0% | 7.8% |
| Op. Income | $23M | $21M | $20M | 8.9% | 13.2% |
| Gross Margin | 39.1% | 38.7% | 37.9% | 0.4pp | 1.2pp |
| Net Margin | 14.4% | 9.6% | 10.7% | 4.8pp | 3.7pp |
| EPS (Diluted) | $0.67 | $0.46 | $0.44 | 45.7% | 52.3% |
| Free Cash Flow | $26M | $24M | $20M | 7.4% | 31.1% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $54M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $23M |
| Interest Income | $531.0K |
| Interest Expense | $911.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $9M |
| EBIT | $26M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $54M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $23M |
| Interest Income | $531.0K |
| Interest Expense | $911.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $9M |
| EBIT | $26M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$35.0K |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $53M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $253M |
| PP&E (Net) | $112M |
| Goodwill | $210M |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $512M |
| TOTAL ASSETS | $764M |
| Account Payables | $48M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $79M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | -$11M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $213M |
| Common Stock | $325M |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $713M |
| Treasury Stock | -$544M |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $552M |
| Minority Interest | $0 |
| TOTAL EQUITY | $552M |
| TOTAL LIABILITIES & EQUITY | $764M |
| Total Debt | $122M |
| Net Debt | $40M |
