| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $32M | $35M | -2.3% | -9.8% |
| Op. Income | -$956.0K | -$4M | $2M | 78.7% | -155.4% |
| Gross Margin | 97.5% | 85.7% | 85.4% | 11.8pp | 12.1pp |
| Net Margin | 4.3% | -13.3% | 2.9% | 17.6pp | 1.4pp |
| EPS (Diluted) | $0.03 | $-0.10 | $0.02 | 131.8% | 33.5% |
| Free Cash Flow | $6M | $3M | $2M | 79.6% | 259.7% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $782.0K |
| GROSS PROFIT | $31M |
| R&D Expenses | $3M |
| Selling & Marketing | $9M |
| General & Administrative | $6M |
| SG&A Expenses | $15M |
| Other Expenses | $13M |
| Operating Expenses | $32M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$956.0K |
| Interest Income | $0 |
| Interest Expense | $566.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | $951.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $400.0K |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $974.0K |
| Deferred Income Tax | -$66.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$554.0K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $612.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $18M |
| Goodwill | $121M |
| Intangible Assets | $15M |
| Long-Term Investments | $965.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $188M |
| Account Payables | $14M |
| Short-Term Debt | $2M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $286.0K |
| Deferred Tax Liabilities | $685.0K |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $559.0K |
| Additional Paid-In Capital | $130M |
| Retained Earnings | $19M |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | -$5.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $47M |
| Net Debt | $44M |
