| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | — | $16M | — | 14.2% |
| Op. Income | $1M | — | -$481.0K | — | 383.6% |
| Gross Margin | 80.5% | — | 74.1% | — | 6.4pp |
| Net Margin | 0.3% | — | 6.9% | — | -6.5pp |
| EPS (Diluted) | $0.01 | — | $0.01 | — | 0.0% |
| Free Cash Flow | $3M | — | $3M | — | -20.1% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $15M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $1M |
| Interest Income | $1M |
| Interest Expense | $5.0K |
| Other Income/Expenses | -$994.0K |
| INCOME BEFORE TAX | $370.0K |
| Income Tax Expense | $307.0K |
| Net Income from Continuing Ops | $63.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63.0K |
| D&A | $260.0K |
| EBIT | $375.0K |
| EBITDA | $635.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $15M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $1M |
| Interest Income | $1M |
| Interest Expense | $5.0K |
| Other Income/Expenses | -$994.0K |
| INCOME BEFORE TAX | $370.0K |
| Income Tax Expense | $307.0K |
| Net Income from Continuing Ops | $63.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63.0K |
| D&A | $260.0K |
| EBIT | $375.0K |
| EBITDA | $635.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $63.0K |
| Depreciation & Amortization | $260.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$484.3K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | -$28.5K |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $29.8K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$145.3K |
| NET CASH FROM FINANCING | -$145.3K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $36M |
| Net Receivables | $9M |
| Inventory | $17.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $173M |
| PP&E (Net) | $1M |
| Goodwill | $3M |
| Intangible Assets | $2M |
| Long-Term Investments | $10M |
| Tax Assets | $2M |
| Other Non-Current Assets | $193.0K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $192M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $239.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $488.0K |
| Other Non-Current Liabilities | $483.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $10M |
| Additional Paid-In Capital | $514M |
| Retained Earnings | -$371M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$697.0K |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $192M |
| Total Debt | $922.0K |
| Net Debt | -$125M |
