| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $120M | $107M | -1.5% | 10.4% |
| Op. Income | $11M | $10M | $7M | 7.2% | 50.8% |
| Gross Margin | 47.8% | 45.7% | 45.6% | 2.1pp | 2.2pp |
| Net Margin | 6.6% | 6.2% | 6.0% | 0.4pp | 0.7pp |
| EPS (Diluted) | $0.24 | $0.23 | $0.20 | 4.3% | 20.0% |
| Free Cash Flow | $36M | $17M | $19M | 109.6% | 87.7% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $9M |
| SG&A Expenses | $26M |
| Other Expenses | $20M |
| Operating Expenses | $45M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $11M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $11M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $9M |
| SG&A Expenses | $26M |
| Other Expenses | $20M |
| Operating Expenses | $45M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $11M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $11M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $524.0K |
| Other Non-Cash Items | $719.0K |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $4.0K |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$13.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$27.0K |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$617.0K |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $11M |
| Net Receivables | $12M |
| Inventory | $14M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $30M |
| Goodwill | $103M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $567.0K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $375M |
| Account Payables | $61M |
| Short-Term Debt | $5M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $162M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $172M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $286M |
| Retained Earnings | $38M |
| Treasury Stock | -$110M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $203M |
| Minority Interest | $0 |
| TOTAL EQUITY | $203M |
| TOTAL LIABILITIES & EQUITY | $375M |
| Total Debt | $14M |
| Net Debt | -$160M |
