| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | — | $77M | — | 5.8% |
| Op. Income | $2M | — | -$1M | — | 244.8% |
| Gross Margin | 58.1% | — | 55.4% | — | 2.8pp |
| Net Margin | 8.8% | — | 4.4% | — | 4.4pp |
| EPS (Diluted) | $0.11 | — | $0.06 | — | 91.5% |
| Free Cash Flow | $1M | — | -$2M | — | 168.5% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $47M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $2M |
| Interest Income | $451.8K |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$805.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.2K |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $5M |
| EBIT | $9M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $47M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $2M |
| Interest Income | $451.8K |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$805.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.2K |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $5M |
| EBIT | $9M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$794.3K |
| Other Non-Cash Items | $88.2K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $179.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$914.3K |
| Net Debt Issuance | -$520.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $0 |
| Net Receivables | $64M |
| Inventory | $17M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $261M |
| PP&E (Net) | $138M |
| Goodwill | $50M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $230M |
| TOTAL ASSETS | $492M |
| Account Payables | $24M |
| Short-Term Debt | $12M |
| Deferred Revenue | $51M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | -$3M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $193M |
| Common Stock | $5M |
| Additional Paid-In Capital | $238M |
| Retained Earnings | $55M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $299M |
| Minority Interest | -$93.5K |
| TOTAL EQUITY | $299M |
| TOTAL LIABILITIES & EQUITY | $492M |
| Total Debt | $77M |
| Net Debt | -$79M |
