| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | — | $29M | — | -31.0% |
| Op. Income | $4M | — | $1M | — | 151.5% |
| Gross Margin | 18.0% | — | 17.5% | — | 0.5pp |
| Net Margin | 9.3% | — | 9.8% | — | -0.5pp |
| EPS (Diluted) | $0.11 | — | $0.17 | — | -35.3% |
| Free Cash Flow | -$2M | — | $10M | — | -115.9% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $4M |
| R&D Expenses | $84.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $84.2K |
| Cost & Expenses | $17M |
| OPERATING INCOME | $4M |
| Interest Income | $2M |
| Interest Expense | $51.2K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$523.6K |
| 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 | $241.7K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $4M |
| R&D Expenses | $84.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $84.2K |
| Cost & Expenses | $17M |
| OPERATING INCOME | $4M |
| Interest Income | $2M |
| Interest Expense | $51.2K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$523.6K |
| 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 | $241.7K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $241.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$617.7K |
| Other Non-Cash Items | -$382.9K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$10.4K |
| Acquisitions (Net) | $573.2K |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$980.4K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$843.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$843.4K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $20M |
| Net Receivables | $20M |
| Inventory | $4M |
| Other Current Assets | $272.5K |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $121.8K |
| Long-Term Investments | $5M |
| Tax Assets | $602.3K |
| Other Non-Current Assets | $19.9K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $69M |
| Account Payables | $8M |
| Short-Term Debt | $3M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $981 |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $626.3K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | -$626.3K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $7M |
| Retained Earnings | $38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $679.0K |
| Other Equity | -$15.5K |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $24.8K |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $69M |
| Total Debt | $4M |
| Net Debt | -$6M |
