| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $24M | -$57M | -20.0% | 134.0% |
| Op. Income | $757.0K | -$8M | -$79M | 109.8% | 101.0% |
| Gross Margin | 69.5% | 78.0% | 111.0% | -8.5pp | -41.5pp |
| Net Margin | 8.7% | -31.3% | 253.7% | 40.0pp | -245.0pp |
| EPS (Diluted) | $0.01 | $-0.06 | $-1.21 | 122.2% | 101.2% |
| Free Cash Flow | $5M | -$6M | -$5M | 181.5% | 203.0% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $2M |
| Selling & Marketing | $3M |
| General & Administrative | $14M |
| SG&A Expenses | $17M |
| Other Expenses | -$5M |
| Operating Expenses | $14M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $757.0K |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$328.0K |
| INCOME BEFORE TAX | $429.0K |
| 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 | $653.0K |
| EBIT | $757.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $2M |
| Selling & Marketing | $3M |
| General & Administrative | $14M |
| SG&A Expenses | $17M |
| Other Expenses | -$5M |
| Operating Expenses | $14M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $757.0K |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$328.0K |
| INCOME BEFORE TAX | $429.0K |
| 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 | $653.0K |
| EBIT | $757.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $653.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $189.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$778.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $98.0K |
| NET CASH FROM INVESTING | -$119.0K |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$934.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33.0K |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $223M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $237M |
| Account Payables | $446.0K |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $1M |
| Additional Paid-In Capital | $498M |
| Retained Earnings | -$333M |
| Treasury Stock | -$91M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $237M |
| Total Debt | $88M |
| Net Debt | -$89M |
