| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $46M | $43M | -2.1% | 3.6% |
| Op. Income | $5M | $4M | $8M | 23.1% | -39.2% |
| Gross Margin | 83.7% | 84.6% | 85.7% | -0.9pp | -2.0pp |
| Net Margin | 4.2% | 5.2% | 19.8% | -1.1pp | -15.7pp |
| EPS (Diluted) | $0.04 | $0.05 | $0.18 | -23.1% | -78.2% |
| Free Cash Flow | $19M | $21M | $21M | -9.6% | -7.8% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $37M |
| R&D Expenses | $8M |
| Selling & Marketing | $10M |
| General & Administrative | $11M |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $33M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $3M |
| 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 | $3M |
| EBIT | $6M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $37M |
| R&D Expenses | $8M |
| Selling & Marketing | $10M |
| General & Administrative | $11M |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $33M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $3M |
| 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 | $3M |
| EBIT | $6M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$259.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $39M |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $5M |
| Goodwill | $133M |
| Intangible Assets | $40M |
| Long-Term Investments | $3M |
| Tax Assets | $25M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $211M |
| TOTAL ASSETS | $459M |
| Account Payables | $4M |
| Short-Term Debt | $152M |
| Deferred Revenue | $29M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $209M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $295.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $219M |
| Common Stock | $46.0K |
| Additional Paid-In Capital | $266M |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $586.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $459M |
| Total Debt | $155M |
| Net Debt | $1M |
