| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $61M | $56M | 5.6% | 15.7% |
| Op. Income | $19M | $20M | $13M | -7.3% | 46.5% |
| Gross Margin | 71.7% | 75.3% | 69.3% | -3.6pp | 2.4pp |
| Net Margin | 24.2% | 28.4% | 20.1% | -4.3pp | 4.1pp |
| EPS (Diluted) | $0.68 | $0.75 | $0.49 | -9.3% | 38.8% |
| Free Cash Flow | $21M | $26M | $13M | -19.3% | 62.7% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $46M |
| R&D Expenses | $4M |
| Selling & Marketing | $13M |
| General & Administrative | $10M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $19M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| 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 | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $3M |
| EBIT | $22M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $46M |
| R&D Expenses | $4M |
| Selling & Marketing | $13M |
| General & Administrative | $10M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $19M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| 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 | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $3M |
| EBIT | $22M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$598M |
| Sales/Maturities of Investments | $585M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $331M |
| Net Receivables | $34M |
| Inventory | $70M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $468M |
| PP&E (Net) | $43M |
| Goodwill | $66M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $759.0K |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $147M |
| TOTAL ASSETS | $616M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $183M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $186M |
| TOTAL LIABILITIES | $222M |
| Common Stock | $244.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $211M |
| TOTAL STOCKHOLDERS' EQUITY | $394M |
| Minority Interest | $0 |
| TOTAL EQUITY | $394M |
| TOTAL LIABILITIES & EQUITY | $616M |
| Total Debt | $186M |
| Net Debt | $157M |
