| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $125M | — | -3.8% | — |
| Op. Income | $17M | $16M | — | 8.4% | — |
| Gross Margin | 29.5% | 27.8% | — | 1.6pp | — |
| Net Margin | 12.8% | 9.9% | — | 2.9pp | — |
| EPS (Diluted) | $1.07 | $0.90 | — | 18.9% | — |
| Free Cash Flow | $1M | $17M | — | -92.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $17M |
| Interest Income | $394.0K |
| Interest Expense | $556.0K |
| Other Income/Expenses | $720.0K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $6M |
| EBIT | $17M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $17M |
| Interest Income | $394.0K |
| Interest Expense | $556.0K |
| Other Income/Expenses | $720.0K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $6M |
| EBIT | $17M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $438.0K |
| Other Non-Cash Items | $119.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $57M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $162M |
| Goodwill | $16M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $854.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $211M |
| TOTAL ASSETS | $381M |
| Account Payables | $14M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $63M |
| TOTAL LIABILITIES | $114M |
| Common Stock | $2M |
| Additional Paid-In Capital | $68M |
| Retained Earnings | $291M |
| Treasury Stock | -$95M |
| Accum. Other Comp. Income | $925.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $267M |
| Minority Interest | $0 |
| TOTAL EQUITY | $267M |
| TOTAL LIABILITIES & EQUITY | $381M |
| Total Debt | $54M |
| Net Debt | $12M |
