| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $311M | $325M | $320M | -4.2% | -2.6% |
| Op. Income | -$1M | -$10M | -$42M | 88.2% | 97.3% |
| Gross Margin | 43.6% | 44.2% | 44.6% | -0.6pp | -1.0pp |
| Net Margin | -2.8% | -2.3% | -11.4% | -0.5pp | 8.7pp |
| EPS (Diluted) | $-0.07 | $-0.06 | $-0.30 | -15.0% | 78.2% |
| Free Cash Flow | $3M | $16M | $4M | -82.7% | -38.3% |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $176M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $117M |
| SG&A Expenses | $147M |
| Other Expenses | -$10M |
| Operating Expenses | $137M |
| Cost & Expenses | $312M |
| OPERATING INCOME | -$1M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $241.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $1.0K |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $6M |
| EBIT | -$324.0K |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $568.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $121M |
| Net Receivables | $1M |
| Inventory | $118M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $374M |
| PP&E (Net) | $94M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $481M |
| Account Payables | $89M |
| Short-Term Debt | $23M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $206M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $658.0K |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $278M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $729M |
| Retained Earnings | -$496M |
| Treasury Stock | -$30M |
| Accum. Other Comp. Income | -$434.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $203M |
| Minority Interest | $0 |
| TOTAL EQUITY | $203M |
| TOTAL LIABILITIES & EQUITY | $481M |
| Total Debt | $94M |
| Net Debt | -$20M |
