| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $127M | $146M | 19.2% | 3.6% |
| Op. Income | $4M | -$3M | $11M | 203.8% | -68.3% |
| Gross Margin | 23.4% | 15.1% | 22.8% | 8.3pp | 0.6pp |
| Net Margin | 2.3% | 1.2% | 7.2% | 1.1pp | -4.9pp |
| EPS (Diluted) | $0.21 | $0.10 | $0.61 | 110.0% | -65.6% |
| Free Cash Flow | $12M | $7M | $16M | 76.2% | -24.8% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $13M |
| SG&A Expenses | $23M |
| Other Expenses | $8M |
| Operating Expenses | $31M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $4M |
| Interest Income | $638.0K |
| Interest Expense | $39.0K |
| Other Income/Expenses | $978.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| NET INCOME | $3M |
| D&A | $6M |
| EBIT | $4M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $13M |
| SG&A Expenses | $23M |
| Other Expenses | $8M |
| Operating Expenses | $31M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $4M |
| Interest Income | $638.0K |
| Interest Expense | $39.0K |
| Other Income/Expenses | $978.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| NET INCOME | $3M |
| D&A | $6M |
| EBIT | $4M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $337.0K |
| Other Non-Cash Items | -$429.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$638.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$638.0K |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $74M |
| Net Receivables | $65M |
| Inventory | $113M |
| Other Current Assets | -$59M |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $507M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | -$405M |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $342M |
| Account Payables | $9M |
| Short-Term Debt | $647.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $24M |
| Additional Paid-In Capital | $55M |
| Retained Earnings | $422M |
| Treasury Stock | -$218M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $284M |
| Minority Interest | $0 |
| TOTAL EQUITY | $284M |
| TOTAL LIABILITIES & EQUITY | $342M |
| Total Debt | $2M |
| Net Debt | -$17M |
