| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $113M | $113M | 1.2% | 1.0% |
| Op. Income | $4M | $8M | -$17M | -52.8% | 121.6% |
| Gross Margin | 32.4% | 34.0% | 31.9% | -1.6pp | 0.5pp |
| Net Margin | 0.9% | 4.8% | -17.6% | -3.9pp | 18.5pp |
| EPS (Diluted) | $0.22 | $1.24 | $-6.34 | -82.3% | 103.5% |
| Free Cash Flow | $5M | $11M | $3M | -55.5% | 48.1% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $29M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$728.0K |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $997.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $997.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $997.0K |
| D&A | $975.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $997.0K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $50.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$528.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $121M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $173M |
| PP&E (Net) | $131M |
| Goodwill | $61M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $386M |
| Account Payables | $27M |
| Short-Term Debt | $37M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $78M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $180M |
| TOTAL LIABILITIES | $291M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $29M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $216M |
| Net Debt | $208M |
