| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $19M | $37M | 110.0% | 8.8% |
| Op. Income | $4M | $2M | $3M | 100.6% | 11.3% |
| Gross Margin | 32.4% | 31.6% | 29.6% | 0.8pp | 2.8pp |
| Net Margin | 6.2% | 5.6% | 6.8% | 0.5pp | -0.6pp |
| EPS (Diluted) | $0.10 | $0.04 | $0.10 | 137.4% | 2.5% |
| Free Cash Flow | $975.8K | $79.1K | $3M | 1133.6% | -64.4% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $4M |
| Interest Income | $16.3K |
| Interest Expense | $45.9K |
| Other Income/Expenses | -$7.8K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $384.3K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $4M |
| Interest Income | $16.3K |
| Interest Expense | $45.9K |
| Other Income/Expenses | -$7.8K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $384.3K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $384.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $379.3K |
| Other Non-Cash Items | -$50.9K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $974.7K |
| Capital Expenditure | $1.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36.3K |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1 |
| NET CASH FROM FINANCING | -$816.4K |
| FREE CASH FLOW | $975.8K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $134.3K |
| Other Current Assets | $237.9K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $5M |
| Goodwill | $175.4K |
| Intangible Assets | $185.6K |
| Long-Term Investments | $35.7K |
| Tax Assets | $1M |
| Other Non-Current Assets | $985.3K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $29M |
| Account Payables | $1M |
| Short-Term Debt | $3M |
| Deferred Revenue | $958.9K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $265.1K |
| Deferred Revenue NC | $79.8K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $191.5K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $3M |
| Additional Paid-In Capital | $5M |
| Retained Earnings | $5M |
| Treasury Stock | -$622.5K |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $7M |
| Net Debt | -$9M |
