| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $69M | $58M | 0.5% | 21.2% |
| Op. Income | $23M | $28M | $17M | -18.5% | 39.1% |
| Gross Margin | 91.5% | 93.2% | 89.9% | -1.7pp | 1.5pp |
| Net Margin | 384.0% | 40.2% | 24.9% | 343.9pp | 359.1pp |
| EPS (Diluted) | $14.11 | $1.46 | $0.80 | 866.4% | 1663.7% |
| Free Cash Flow | $22M | $24M | $14M | -8.4% | 51.9% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $64M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$456.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$245M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $268M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $268M |
| D&A | $601.0K |
| EBIT | $21M |
| EBITDA | $21M |
| EPS | $15 |
| EPS Diluted | $14 |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $64M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$456.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$245M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $268M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $268M |
| D&A | $601.0K |
| EBIT | $21M |
| EBITDA | $21M |
| EPS | $15 |
| EPS Diluted | $14 |
| Item | Amount |
|---|---|
| Net Income | $268M |
| Depreciation & Amortization | $601.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$246M |
| Other Non-Cash Items | -$243.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | $12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $114M |
| Net Receivables | $52M |
| Inventory | $12M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $240M |
| PP&E (Net) | $920.0K |
| Goodwill | $0 |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $246M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $514M |
| Account Payables | $7M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $99M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $181.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $391M |
| Minority Interest | $0 |
| TOTAL EQUITY | $391M |
| TOTAL LIABILITIES & EQUITY | $514M |
| Total Debt | $53M |
| Net Debt | $13M |
