| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $108M | $104M | -0.7% | 3.4% |
| Op. Income | $6M | $104.0K | -$6M | 5576.0% | 200.4% |
| Gross Margin | 81.6% | 80.9% | 80.5% | 0.8pp | 1.1pp |
| Net Margin | 10.7% | 5.1% | 12.4% | 5.6pp | -1.7pp |
| EPS (Diluted) | $0.31 | $0.15 | $0.33 | 106.7% | -6.1% |
| Free Cash Flow | $24M | $33M | $29M | -25.4% | -14.7% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $88M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $6M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $3M |
| EBIT | $6M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $88M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $6M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $3M |
| EBIT | $6M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$112.2K |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $795.4K |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$488M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $621.3K |
| NET CASH FROM FINANCING | -$498M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$433M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $158M |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $479M |
| PP&E (Net) | $7M |
| Goodwill | $126M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $26M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $204M |
| TOTAL ASSETS | $683M |
| Account Payables | $9M |
| Short-Term Debt | $3M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $247M |
| Long-Term Debt | $798.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $271M |
| Common Stock | $786M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$378M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $412M |
| Minority Interest | $0 |
| TOTAL EQUITY | $412M |
| TOTAL LIABILITIES & EQUITY | $683M |
| Total Debt | $5M |
| Net Debt | -$124M |
