| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $34M | $29M | -0.4% | 16.2% |
| Op. Income | $2M | $4M | $7M | -50.4% | -70.4% |
| Gross Margin | 64.1% | 64.5% | 62.5% | -0.4pp | 1.7pp |
| Net Margin | 12.2% | 13.5% | 24.6% | -1.3pp | -12.4pp |
| EPS (Diluted) | $0.05 | $0.05 | $0.09 | -7.4% | -44.4% |
| Free Cash Flow | $523.0K | $4M | $9M | -85.7% | -93.9% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $22M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $2M |
| Interest Income | $552.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $292.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $864.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $22M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $2M |
| Interest Income | $552.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $292.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $864.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $864.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$703.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $624.0K |
| Capital Expenditure | -$101.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$101.0K |
| Net Debt Issuance | -$2.0K |
| Common Stock Repurchased | -$251.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$25.0K |
| FREE CASH FLOW | $523.0K |
| Net Change in Cash | $498.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $20M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $425.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $106M |
| Account Payables | $11M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $79.0K |
| Additional Paid-In Capital | $241M |
| Retained Earnings | -$165M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $3M |
| Net Debt | -$62M |
