| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $0 | — | — | — |
| Op. Income | $14M | $21M | — | -33.3% | — |
| Gross Margin | 64.6% | — | — | — | — |
| Net Margin | 9.9% | — | — | — | — |
| EPS (Diluted) | $0.03 | $1.18 | — | -97.4% | — |
| Free Cash Flow | $14M | $15M | — | -7.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $14M |
| Interest Income | $226.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | -$34.0K |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $979.0K |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $14M |
| Interest Income | $226.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | -$34.0K |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $979.0K |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $742.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $399.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | $1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $0 |
| Goodwill | $4M |
| Intangible Assets | $466.0K |
| Long-Term Investments | $0 |
| Tax Assets | $802.0K |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $65M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $240M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $240M |
| TOTAL LIABILITIES | $293M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $287M |
| Retained Earnings | -$514M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$227M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$227M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $240M |
| Net Debt | $232M |
