| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $130M | $132M | $117M | -1.1% | 11.8% |
| Op. Income | $16M | $12M | $16M | 38.5% | 0.5% |
| Gross Margin | 75.9% | 80.7% | 80.0% | -4.8pp | -4.1pp |
| Net Margin | -5.6% | 1.1% | 2.8% | -6.6pp | -8.4pp |
| EPS (Diluted) | $-0.04 | $0.01 | $0.02 | -630.1% | -321.1% |
| Free Cash Flow | $21M | $17M | $19M | 19.7% | 10.7% |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $99M |
| R&D Expenses | $25M |
| Selling & Marketing | $32M |
| General & Administrative | $26M |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $5M |
| 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 | $12M |
| EBIT | $16M |
| EBITDA | $28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $57M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $67M |
| Goodwill | $1.0B |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $9M |
| Short-Term Debt | $11M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $127M |
| TOTAL CURRENT LIABILITIES | $182M |
| Long-Term Debt | $419M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$29M |
| TOTAL NON-CURRENT LIABILITIES | $423M |
| TOTAL LIABILITIES | $605M |
| Common Stock | $190.0K |
| Additional Paid-In Capital | $747M |
| Retained Earnings | $54M |
| Treasury Stock | -$30M |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $805M |
| Minority Interest | $0 |
| TOTAL EQUITY | $805M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $460M |
| Net Debt | $348M |
