| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $140M | $123M | $128M | 14.0% | 9.1% |
| Op. Income | $10M | $12M | $9M | -18.3% | 12.8% |
| Gross Margin | 41.3% | 40.2% | 41.5% | 1.1pp | -0.2pp |
| Net Margin | 4.7% | 5.9% | 3.7% | -1.2pp | 0.9pp |
| EPS (Diluted) | $0.86 | $0.96 | $0.64 | -10.4% | 34.4% |
| Free Cash Flow | $17M | -$5M | $23M | 423.7% | -27.0% |
| Item | Amount |
|---|---|
| REVENUE | $140M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $48M |
| Operating Expenses | $48M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $438.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $2M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $140M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $48M |
| Operating Expenses | $48M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $438.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $2M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $413.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$867.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $372.0K |
| NET CASH FROM INVESTING | -$495.0K |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$417.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $82M |
| Inventory | $181M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $271M |
| PP&E (Net) | $50M |
| Goodwill | $48M |
| Intangible Assets | $103M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $207M |
| TOTAL ASSETS | $477M |
| Account Payables | $53M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $879.0K |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $225M |
| Common Stock | $0 |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $176M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $252M |
| Minority Interest | $0 |
| TOTAL EQUITY | $252M |
| TOTAL LIABILITIES & EQUITY | $477M |
| Total Debt | $124M |
| Net Debt | $121M |
