| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $155M | $138M | 1.4% | 13.9% |
| Op. Income | $11M | $12M | $9M | -8.1% | 20.2% |
| Gross Margin | 25.6% | 26.1% | 24.4% | -0.5pp | 1.2pp |
| Net Margin | 4.6% | 5.3% | 4.8% | -0.6pp | -0.2pp |
| EPS (Diluted) | $0.23 | $0.26 | $0.22 | -11.5% | 4.5% |
| Free Cash Flow | -$291.0K | $9M | $11M | -103.4% | -102.6% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $146M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $747.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $146M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $747.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $163.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $676.0K |
| Capital Expenditure | -$967.0K |
| Acquisitions (Net) | $260.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$707.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $297.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$291.0K |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $79M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $208M |
| PP&E (Net) | $47M |
| Goodwill | $64M |
| Intangible Assets | $77M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $197M |
| TOTAL ASSETS | $405M |
| Account Payables | $47M |
| Short-Term Debt | $9M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $169M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $72M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $241M |
| Minority Interest | $0 |
| TOTAL EQUITY | $241M |
| TOTAL LIABILITIES & EQUITY | $405M |
| Total Debt | $68M |
| Net Debt | $61M |
