| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $104M | $93M | $98M | 11.5% | 6.1% |
| Op. Income | $26M | $21M | $28M | 24.4% | -6.7% |
| Gross Margin | 78.3% | 77.6% | 79.3% | 0.7pp | -1.1pp |
| Net Margin | 26.0% | 23.5% | 84.6% | 2.6pp | -58.6pp |
| EPS (Diluted) | $0.42 | $0.34 | $1.14 | 23.5% | -63.2% |
| Free Cash Flow | $24M | $27M | $32M | -9.5% | -24.2% |
| Item | Amount |
|---|---|
| REVENUE | $104M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $81M |
| R&D Expenses | $4M |
| Selling & Marketing | $48M |
| General & Administrative | $3M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $26M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $174.0K |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $104M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $81M |
| R&D Expenses | $4M |
| Selling & Marketing | $48M |
| General & Administrative | $3M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $26M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $174.0K |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $174.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$572.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $303M |
| Short-Term Investments | $253M |
| Net Receivables | $49M |
| Inventory | $89M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $699M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $766M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$572.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $251.0K |
| Additional Paid-In Capital | $210M |
| Retained Earnings | $969M |
| Treasury Stock | -$495M |
| Accum. Other Comp. Income | $69.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $683M |
| Minority Interest | $0 |
| TOTAL EQUITY | $683M |
| TOTAL LIABILITIES & EQUITY | $766M |
| Total Debt | $13M |
| Net Debt | -$289M |
