| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $255M | — | $299M | — | -14.6% |
| Op. Income | $39M | — | $55M | — | -29.7% |
| Gross Margin | 34.4% | — | 34.1% | — | 0.3pp |
| Net Margin | -33.2% | — | 5.6% | — | -38.7pp |
| EPS (Diluted) | $-2.37 | — | $0.45 | — | -626.7% |
| Free Cash Flow | $74M | — | $40M | — | 85.6% |
| Item | Amount |
|---|---|
| REVENUE | $255M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $88M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | -$105M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | -$6M |
| Other Adjustments | $0 |
| NET INCOME | -$85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$85M |
| D&A | $28M |
| EBIT | -$89M |
| EBITDA | -$61M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$85M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $800.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $99M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$52M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$900.0K |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $127M |
| Inventory | $186M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $391M |
| PP&E (Net) | $608M |
| Goodwill | $4M |
| Intangible Assets | $176M |
| Long-Term Investments | $83M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $872M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $92M |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $341M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $196M |
| Retained Earnings | $405M |
| Treasury Stock | -$572M |
| Accum. Other Comp. Income | $500.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
