| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $26M | $32M | 23.7% | -0.2% |
| Op. Income | $9M | $2M | $4M | 335.9% | 145.9% |
| Gross Margin | 61.3% | 67.2% | 68.1% | -5.9pp | -6.8pp |
| Net Margin | 15.6% | 3.0% | -0.2% | 12.6pp | 15.8pp |
| EPS (Diluted) | $0.26 | $0.04 | $-0.00 | 550.0% | 6600.0% |
| Free Cash Flow | $7M | $3M | $78.0K | 121.7% | 8973.1% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$1M |
| Operating Expenses | $11M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $9M |
| Interest Income | $84.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $1M |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$1M |
| Operating Expenses | $11M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $9M |
| Interest Income | $84.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $1M |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$522.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $217.0K |
| NET CASH FROM INVESTING | $206.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$962.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $752.0K |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $510.0K |
| Goodwill | $71M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28.0K |
| TOTAL NON-CURRENT ASSETS | $112M |
| TOTAL ASSETS | $177M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $503.0K |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $208M |
| Retained Earnings | -$79M |
| Treasury Stock | -$2.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $128M |
| Minority Interest | $0 |
| TOTAL EQUITY | $128M |
| TOTAL LIABILITIES & EQUITY | $177M |
| Total Debt | $26M |
| Net Debt | $3M |
