| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $71M | $66M | 4.1% | 11.8% |
| Op. Income | $23M | $20M | $18M | 18.2% | 30.7% |
| Gross Margin | 71.3% | 69.7% | 65.8% | 1.6pp | 5.4pp |
| Net Margin | 20.6% | 20.5% | 19.4% | 0.1pp | 1.2pp |
| EPS (Diluted) | $0.49 | $0.47 | $0.42 | 4.6% | 18.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $53M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $23M |
| Interest Income | $634.5K |
| Interest Expense | $1M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| 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 | $10M |
| EBIT | $21M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $53M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $23M |
| Interest Income | $634.5K |
| Interest Expense | $1M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| 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 | $10M |
| EBIT | $21M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $232.0K |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $152M |
| Goodwill | $11M |
| Intangible Assets | $5M |
| Long-Term Investments | $2M |
| Tax Assets | $7M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $207M |
| TOTAL ASSETS | $308M |
| Account Payables | $28M |
| Short-Term Debt | $34M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $62.3K |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $111M |
| Common Stock | $433M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $128M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$367M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $194M |
| Minority Interest | $3M |
| TOTAL EQUITY | $197M |
| TOTAL LIABILITIES & EQUITY | $308M |
| Total Debt | $44M |
| Net Debt | -$19M |
