| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $57M | $50M | 9.3% | 24.6% |
| Op. Income | $3M | $5M | $111.0K | -28.4% | 3015.3% |
| Gross Margin | 74.4% | 72.3% | 68.3% | 2.2pp | 6.2pp |
| Net Margin | -0.1% | 2.3% | 1.1% | -2.3pp | -1.2pp |
| EPS (Diluted) | $-0.00 | $0.03 | $0.01 | -103.7% | -108.7% |
| Free Cash Flow | $7M | -$3M | -$4M | 345.3% | 275.7% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $46M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $2M |
| Operating Expenses | $43M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $3M |
| Interest Income | $345.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$819.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$48.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48.0K |
| D&A | $4M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $859.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $641.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$543.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$625.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$266.0K |
| NET CASH FROM FINANCING | -$890.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $86M |
| Goodwill | $95M |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $69.0K |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $419M |
| Account Payables | $17M |
| Short-Term Debt | $4M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $69M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $435.0K |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $534M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$95M |
| Treasury Stock | -$166M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $271M |
| Minority Interest | $0 |
| TOTAL EQUITY | $271M |
| TOTAL LIABILITIES & EQUITY | $419M |
| Total Debt | $77M |
| Net Debt | $34M |
