| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $22M | $16M | 5.4% | 45.8% |
| Op. Income | $2M | $2M | $464.3K | 17.2% | 299.3% |
| Gross Margin | 21.1% | 56.3% | 58.9% | -35.2pp | -37.8pp |
| Net Margin | 6.0% | 10.3% | 8.8% | -4.3pp | -2.8pp |
| EPS (Diluted) | $0.02 | $0.04 | $0.02 | -38.4% | -10.5% |
| Free Cash Flow | $46M | $5M | $12M | 902.0% | 284.4% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$6M |
| Operating Expenses | $3M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $2M |
| Interest Income | $639.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $639.4K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$6M |
| Operating Expenses | $3M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $2M |
| Interest Income | $639.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $639.4K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $154.8K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $656.1K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $240M |
| PP&E (Net) | $8M |
| Goodwill | $4M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $276M |
| Account Payables | $71M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $143M |
| TOTAL CURRENT LIABILITIES | $216M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $36M |
| Retained Earnings | $15M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $276M |
| Total Debt | $14M |
| Net Debt | -$7M |
