| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $47M | $39M | -3.0% | 16.9% |
| Op. Income | $4M | $8M | $5M | -53.6% | -28.6% |
| Gross Margin | 38.0% | 42.0% | 43.7% | -4.1pp | -5.7pp |
| Net Margin | 8.0% | 11.3% | 9.8% | -3.3pp | -1.8pp |
| EPS (Diluted) | $0.06 | $0.09 | $0.07 | -34.4% | -15.7% |
| Free Cash Flow | $5M | $7M | $7M | -27.3% | -33.6% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $17M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $4M |
| Interest Income | $451.1K |
| Interest Expense | $264.3K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $17M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $4M |
| Interest Income | $451.1K |
| Interest Expense | $264.3K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $465.3K |
| Change in Working Capital | -$163.5K |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$166 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$139.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $240.3K |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$918.7K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $85M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $193M |
| PP&E (Net) | $50M |
| Goodwill | $30M |
| Intangible Assets | $96M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $186M |
| TOTAL ASSETS | $379M |
| Account Payables | $23M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $110M |
| Common Stock | $15M |
| Additional Paid-In Capital | $268M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $0 |
| TOTAL EQUITY | $269M |
| TOTAL LIABILITIES & EQUITY | $379M |
| Total Debt | $12M |
| Net Debt | -$64M |
