| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $108M | $105M | 6.3% | 8.8% |
| Op. Income | $14M | $15M | $15M | -4.3% | -4.1% |
| Gross Margin | 63.9% | 63.5% | 61.1% | 0.4pp | 2.8pp |
| Net Margin | 8.7% | 9.5% | 11.3% | -0.8pp | -2.6pp |
| EPS (Diluted) | $0.26 | $0.27 | $-0.29 | -3.7% | 189.7% |
| Free Cash Flow | $30M | $23M | $25M | 31.4% | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $73M |
| R&D Expenses | $17M |
| Selling & Marketing | $25M |
| General & Administrative | $17M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $9M |
| EBIT | $13M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $73M |
| R&D Expenses | $17M |
| Selling & Marketing | $25M |
| General & Administrative | $17M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $9M |
| EBIT | $13M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | -$25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | -$146M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$146M |
| Net Debt Issuance | $119M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $120M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $39M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $0 |
| Goodwill | $393M |
| Intangible Assets | $351M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $792M |
| TOTAL ASSETS | $923M |
| Account Payables | $36M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $168M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $164.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $179M |
| TOTAL LIABILITIES | $287M |
| Common Stock | $436.0K |
| Additional Paid-In Capital | $437M |
| Retained Earnings | $288M |
| Treasury Stock | -$66M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $636M |
| Minority Interest | $0 |
| TOTAL EQUITY | $636M |
| TOTAL LIABILITIES & EQUITY | $923M |
| Total Debt | $180M |
| Net Debt | $158M |
