| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $215M | $251M | 5.5% | -9.6% |
| Op. Income | $19M | $3M | $33M | 579.0% | -43.5% |
| Gross Margin | 50.7% | 50.1% | 55.7% | 0.6pp | -5.0pp |
| Net Margin | 39.2% | -5.6% | 2.5% | 44.8pp | 36.6pp |
| EPS (Diluted) | $0.50 | $-0.07 | $0.04 | 828.9% | 1304.5% |
| Free Cash Flow | $27M | $21M | $54M | 30.1% | -49.3% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $115M |
| R&D Expenses | $45M |
| Selling & Marketing | $36M |
| General & Administrative | $16M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$241.0K |
| Income Tax Expense | -$89M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $15M |
| EBIT | $11M |
| EBITDA | $26M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$87M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$530.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $232M |
| Inventory | $79M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $112M |
| Goodwill | $301M |
| Intangible Assets | $143M |
| Long-Term Investments | $0 |
| Tax Assets | $174M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $758M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $80M |
| Short-Term Debt | $9M |
| Deferred Revenue | $124M |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $315M |
| Long-Term Debt | $325M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $448M |
| TOTAL LIABILITIES | $763M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $449M |
| Minority Interest | $0 |
| TOTAL EQUITY | $449M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $405M |
| Net Debt | $309M |
