| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $61M | $59M | 0.5% | 4.6% |
| Op. Income | -$19M | -$23M | -$34M | 14.3% | 42.9% |
| Gross Margin | 62.1% | 61.2% | 55.2% | 0.8pp | 6.9pp |
| Net Margin | -57.1% | -32.8% | -51.1% | -24.3pp | -6.0pp |
| EPS (Diluted) | $-0.12 | $-0.07 | $-0.11 | -75.2% | -9.1% |
| Free Cash Flow | -$19M | -$5M | -$17M | -282.1% | -14.2% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $38M |
| R&D Expenses | $23M |
| Selling & Marketing | $16M |
| General & Administrative | $19M |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $81M |
| OPERATING INCOME | -$19M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $9M |
| EBIT | -$19M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$233.0K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $104M |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $302M |
| PP&E (Net) | $142M |
| Goodwill | $136M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $332M |
| TOTAL ASSETS | $634M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $82M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $142M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $193M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $441M |
| Minority Interest | $0 |
| TOTAL EQUITY | $441M |
| TOTAL LIABILITIES & EQUITY | $634M |
| Total Debt | $22M |
| Net Debt | -$96M |
