| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $133M | $117M | 9.3% | 24.2% |
| Op. Income | $2M | -$2M | -$12M | 242.9% | 118.0% |
| Gross Margin | 62.4% | 67.9% | 61.1% | -5.5pp | 1.3pp |
| Net Margin | -5.2% | 2.1% | 14.1% | -7.3pp | -19.3pp |
| EPS (Diluted) | $-0.06 | $0.02 | $0.12 | -376.7% | -146.6% |
| Free Cash Flow | $56M | $30M | $40M | 89.9% | 41.7% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $91M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $2M |
| Interest Income | $628.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$924.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $9M |
| 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 | $11M |
| EBIT | $2M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $89M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $364M |
| PP&E (Net) | $116M |
| Goodwill | $315M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $519M |
| TOTAL ASSETS | $883M |
| Account Payables | $57M |
| Short-Term Debt | $6M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $118M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$21M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $169M |
| Common Stock | $1M |
| Additional Paid-In Capital | $504M |
| Retained Earnings | $212M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $714M |
| Minority Interest | $0 |
| TOTAL EQUITY | $714M |
| TOTAL LIABILITIES & EQUITY | $883M |
| Total Debt | $78M |
| Net Debt | -$56M |
