| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | — | $53M | — | 28.3% |
| Op. Income | -$1M | — | -$2M | — | 21.3% |
| Gross Margin | 119.5% | — | 66.4% | — | 53.1pp |
| Net Margin | -5.3% | — | -5.9% | — | 0.7pp |
| EPS (Diluted) | $-0.08 | — | $-0.08 | — | -7.6% |
| Free Cash Flow | $8M | — | $3M | — | 142.6% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | -$34M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $25M |
| SG&A Expenses | $27M |
| Other Expenses | $44M |
| Operating Expenses | $71M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$1M |
| Interest Income | $84.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $141.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$121.0K |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $12M |
| EBIT | -$2M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $79.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$139.4K |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$130.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $26M |
| Other Current Assets | $984.0K |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $64M |
| Goodwill | $62M |
| Intangible Assets | $78M |
| Long-Term Investments | $987.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $384.0K |
| TOTAL NON-CURRENT ASSETS | $205M |
| TOTAL ASSETS | $305M |
| Account Payables | $38M |
| Short-Term Debt | $16M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $287.0K |
| Other Non-Current Liabilities | $670.0K |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $171M |
| Common Stock | $0 |
| Additional Paid-In Capital | $282M |
| Retained Earnings | -$181M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $12M |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $283M |
| Total Debt | $20M |
| Net Debt | $7M |
