| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $61M | $53M | 0.6% | 17.0% |
| Op. Income | -$2M | -$5M | -$14M | 48.7% | 82.2% |
| Gross Margin | 73.2% | 73.9% | 67.5% | -0.7pp | 5.7pp |
| Net Margin | -16.4% | -19.2% | -30.5% | 2.8pp | 14.1pp |
| EPS (Diluted) | $-0.43 | $-0.50 | $-0.69 | 14.0% | 37.7% |
| Free Cash Flow | $10M | -$3M | -$4M | 385.1% | 361.7% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $45M |
| R&D Expenses | $2M |
| Selling & Marketing | $18M |
| General & Administrative | $30M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $340.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $6M |
| EBIT | -$6M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$273.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$599.0K |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$417.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$417.0K |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $41M |
| Net Receivables | $54M |
| Inventory | $134M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $50M |
| Goodwill | $109M |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $267M |
| TOTAL ASSETS | $523M |
| Account Payables | $19M |
| Short-Term Debt | $170.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $48M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $176M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $622M |
| Retained Earnings | -$275M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$523.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $347M |
| Minority Interest | $0 |
| TOTAL EQUITY | $347M |
| TOTAL LIABILITIES & EQUITY | $523M |
| Total Debt | $48M |
| Net Debt | $29M |
