| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $195M | — | 8.3% | — |
| Op. Income | $20M | $12M | — | 73.5% | — |
| Gross Margin | 14.3% | 12.4% | — | 1.9pp | — |
| Net Margin | 7.6% | 5.7% | — | 1.8pp | — |
| EPS (Diluted) | $0.45 | $0.32 | — | 42.0% | — |
| Free Cash Flow | $31M | $13M | — | 130.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $30M |
| R&D Expenses | -$25M |
| Selling & Marketing | -$3M |
| General & Administrative | -$12M |
| SG&A Expenses | -$14M |
| Other Expenses | $49M |
| Operating Expenses | $10M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $20M |
| Interest Income | -$2M |
| Interest Expense | -$3M |
| Other Income/Expenses | -$850.1K |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| 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 | -$118M |
| EBIT | $16M |
| EBITDA | -$102M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $30M |
| R&D Expenses | -$25M |
| Selling & Marketing | -$3M |
| General & Administrative | -$12M |
| SG&A Expenses | -$14M |
| Other Expenses | $49M |
| Operating Expenses | $10M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $20M |
| Interest Income | -$2M |
| Interest Expense | -$3M |
| Other Income/Expenses | -$850.1K |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| 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 | -$118M |
| EBIT | $16M |
| EBITDA | -$102M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$186.5K |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $16.4K |
| Sales/Maturities of Investments | -$35.4K |
| Other Investing Activities | $136.2K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $26M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $226.7K |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $469M |
| Short-Term Investments | $4M |
| Net Receivables | $211M |
| Inventory | $106M |
| Other Current Assets | $1 |
| TOTAL CURRENT ASSETS | $794M |
| PP&E (Net) | $616M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $4M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $638M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $37M |
| Short-Term Debt | $181M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $82M |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $312M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $343M |
| TOTAL LIABILITIES | $674M |
| Common Stock | $222M |
| Additional Paid-In Capital | $185M |
| Retained Earnings | $246M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $109M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $758M |
| Minority Interest | $0 |
| TOTAL EQUITY | $758M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $516M |
| Net Debt | $46M |
