| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $39M | $42M | 2.9% | -4.0% |
| Op. Income | $19M | $19M | $19M | 0.2% | -3.1% |
| Gross Margin | 52.5% | 53.7% | 51.7% | -1.3pp | 0.8pp |
| Net Margin | 39.3% | 48.0% | 33.8% | -8.7pp | 5.5pp |
| EPS (Diluted) | $0.43 | $0.51 | $0.38 | -15.7% | 13.2% |
| Free Cash Flow | $0 | $28M | $32M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $8M |
| EBIT | $19M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $8M |
| EBIT | $19M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$253.5K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $57M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $733M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $745M |
| TOTAL ASSETS | $786M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $277M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$277M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $313M |
| Common Stock | $400M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$180.0K |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $0 |
| TOTAL EQUITY | $473M |
| TOTAL LIABILITIES & EQUITY | $786M |
| Total Debt | $277M |
| Net Debt | $236M |
