| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $91M | — | 16.5% | — |
| Op. Income | -$15M | -$19M | — | 21.3% | — |
| Gross Margin | 31.3% | 31.7% | — | -0.4pp | — |
| Net Margin | -18.4% | -19.8% | — | 1.4pp | — |
| EPS (Diluted) | $-0.15 | $-0.14 | — | -7.1% | — |
| Free Cash Flow | -$17M | -$16M | — | -5.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $33M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | -$1M |
| Operating Expenses | $54M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$15M |
| Interest Income | $502.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $6M |
| 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 | $5M |
| EBIT | -$21M |
| EBITDA | -$146M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$533.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $714.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$285.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$620.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $127M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $102M |
| Goodwill | $16M |
| Intangible Assets | $17M |
| Long-Term Investments | $24M |
| Tax Assets | $3M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $522M |
| Account Payables | $41M |
| Short-Term Debt | $17M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $121M |
| Long-Term Debt | $86M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $279M |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $2M |
| TOTAL EQUITY | $243M |
| TOTAL LIABILITIES & EQUITY | $522M |
| Total Debt | $158M |
| Net Debt | $63M |
