| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $79M | $79M | 0.3% | 1.1% |
| Op. Income | -$11M | -$7M | -$12M | -52.5% | 13.8% |
| Gross Margin | 76.8% | 74.2% | 74.4% | 2.6pp | 2.4pp |
| Net Margin | -10.0% | -13.1% | -22.4% | 3.1pp | 12.4pp |
| EPS (Diluted) | $-0.19 | $-0.25 | $-0.45 | 24.0% | 57.8% |
| Free Cash Flow | -$5M | $1M | $7M | -572.1% | -176.7% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $61M |
| R&D Expenses | $19M |
| Selling & Marketing | $33M |
| General & Administrative | $20M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $17M |
| EBIT | -$11M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$3M |
| 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 | -$7M |
| Common Stock Repurchased | -$512.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$701.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $40M |
| Goodwill | $9M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $236M |
| Account Payables | $19M |
| Short-Term Debt | $7M |
| Deferred Revenue | $175M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $271M |
| Long-Term Debt | $126M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $422M |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$186M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$186M |
| TOTAL LIABILITIES & EQUITY | $236M |
| Total Debt | $140M |
| Net Debt | $97M |
