| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $224M | $239M | $233M | -6.6% | -4.2% |
| Op. Income | -$14M | -$19M | -$1M | 28.8% | -1005.0% |
| Gross Margin | 9.4% | 11.8% | 11.6% | -2.4pp | -2.2pp |
| Net Margin | -7.1% | -9.6% | -1.7% | 2.4pp | -5.4pp |
| EPS (Diluted) | $-0.46 | $-0.67 | $-0.12 | 31.3% | -283.3% |
| Free Cash Flow | $6M | $2M | -$7M | 182.1% | 186.0% |
| Item | Amount |
|---|---|
| REVENUE | $224M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $21M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $2M |
| Operating Expenses | $35M |
| Cost & Expenses | $237M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $132.0K |
| 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 | $10M |
| EBIT | -$14M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$487.0K |
| NET CASH FROM FINANCING | -$131.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $232M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $139M |
| Goodwill | $335M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $533M |
| TOTAL ASSETS | $943M |
| Account Payables | $84M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $143M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | -$24M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $279M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $624M |
| Retained Earnings | $131M |
| Treasury Stock | -$92M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $664M |
| Minority Interest | $0 |
| TOTAL EQUITY | $664M |
| TOTAL LIABILITIES & EQUITY | $943M |
| Total Debt | $186M |
| Net Debt | $87M |
