| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $92M | $83M | 1.3% | 12.8% |
| Op. Income | $20M | $20M | $18M | 3.5% | 12.9% |
| Gross Margin | 50.5% | 50.3% | 49.6% | 0.2pp | 0.9pp |
| Net Margin | 16.3% | 15.9% | 16.7% | 0.5pp | -0.4pp |
| EPS (Diluted) | $0.77 | $0.74 | $0.70 | 4.1% | 10.0% |
| Free Cash Flow | $27M | $18M | $18M | 50.6% | 47.6% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $47M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $732.0K |
| Other Income/Expenses | -$869.0K |
| 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 | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $5M |
| EBIT | $20M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $47M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $732.0K |
| Other Income/Expenses | -$869.0K |
| 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 | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $5M |
| EBIT | $20M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$772.7K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $365.9K |
| Purchases of Investments | $10.9K |
| Sales/Maturities of Investments | $23.9K |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$1.7K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$270.1K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $108M |
| Short-Term Investments | $3.0K |
| Net Receivables | $59M |
| Inventory | $23M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $238M |
| PP&E (Net) | $48M |
| Goodwill | $40M |
| Intangible Assets | $9M |
| Long-Term Investments | $2M |
| Tax Assets | $16M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $386M |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $531.0K |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $218M |
| TOTAL STOCKHOLDERS' EQUITY | $218M |
| Minority Interest | $7M |
| TOTAL EQUITY | $224M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $5M |
| Net Debt | -$103M |
