| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $104M | $107M | 0.8% | -1.7% |
| Op. Income | -$10M | -$2M | -$17M | -328.7% | 42.9% |
| Gross Margin | -24.7% | 16.8% | 10.5% | -41.5pp | -35.1pp |
| Net Margin | -12.0% | -6.4% | -19.7% | -5.5pp | 7.7pp |
| EPS (Diluted) | $-0.36 | $-0.23 | $-0.34 | -56.5% | -5.9% |
| Free Cash Flow | $105.0K | $8M | $4M | -98.6% | -97.2% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $131M |
| GROSS PROFIT | -$26M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | -$28M |
| Operating Expenses | -$16M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $254.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $9M |
| EBIT | -$8M |
| EBITDA | $855.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $823.0K |
| Deferred Income Tax | -$480.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $105.0K |
| Net Change in Cash | -$838.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $66M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $194M |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $43M |
| Tax Assets | $2M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $277M |
| TOTAL ASSETS | $441M |
| Account Payables | $49M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $154M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $205M |
| TOTAL LIABILITIES | $294M |
| Common Stock | $502.0K |
| Additional Paid-In Capital | $440M |
| Retained Earnings | -$368M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $0 |
| TOTAL EQUITY | $146M |
| TOTAL LIABILITIES & EQUITY | $441M |
| Total Debt | $211M |
| Net Debt | $200M |
