| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $92M | $80M | -11.5% | 2.0% |
| Op. Income | -$9M | -$7M | -$11M | -30.8% | 18.3% |
| Gross Margin | 50.4% | 50.8% | 45.3% | -0.4pp | 5.1pp |
| Net Margin | -8.7% | -5.7% | -12.2% | -3.0pp | 3.5pp |
| EPS (Diluted) | $-0.26 | $-0.20 | $-0.41 | -30.0% | 36.6% |
| Free Cash Flow | -$3M | $64.0K | -$6M | -4757.8% | 51.6% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $41M |
| R&D Expenses | $5M |
| Selling & Marketing | $23M |
| General & Administrative | $16M |
| SG&A Expenses | $39M |
| Other Expenses | $6M |
| Operating Expenses | $51M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$9M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$236.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $5M |
| EBIT | -$7M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$943.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$187.0K |
| NET CASH FROM FINANCING | -$187.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $16M |
| Net Receivables | $39M |
| Inventory | $26M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $198M |
| PP&E (Net) | $53M |
| Goodwill | $11M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $299M |
| Account Payables | $29M |
| Short-Term Debt | $3M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $106M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $364M |
| Retained Earnings | -$176M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $192M |
| Minority Interest | $0 |
| TOTAL EQUITY | $192M |
| TOTAL LIABILITIES & EQUITY | $299M |
| Total Debt | $17M |
| Net Debt | -$86M |
