| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $83M | $98M | 6.3% | -10.0% |
| Op. Income | -$2M | $2M | $13M | -169.4% | -112.7% |
| Gross Margin | 79.4% | 78.6% | 84.6% | 0.7pp | -5.2pp |
| Net Margin | -1.1% | 1.8% | 77.4% | -3.0pp | -78.6pp |
| EPS (Diluted) | $-0.04 | $0.05 | $2.27 | -176.4% | -101.7% |
| Free Cash Flow | $20M | $15M | $19M | 39.8% | 4.3% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $70M |
| R&D Expenses | $14M |
| Selling & Marketing | $34M |
| General & Administrative | $22M |
| SG&A Expenses | $56M |
| Other Expenses | $2M |
| Operating Expenses | $72M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$2M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $244.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | $244.0K |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $408.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$577.0K |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $0 |
| Net Receivables | $209M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $408M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $55M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $526M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $194M |
| TOTAL CURRENT LIABILITIES | $208M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $238M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$137M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $425M |
| TOTAL STOCKHOLDERS' EQUITY | $288M |
| Minority Interest | $0 |
| TOTAL EQUITY | $288M |
| TOTAL LIABILITIES & EQUITY | $526M |
| Total Debt | $26M |
| Net Debt | -$161M |
