| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $206M | $166M | 1.1% | 25.2% |
| Op. Income | -$3M | -$12M | -$29M | 73.7% | 88.6% |
| Gross Margin | 63.4% | 57.8% | 54.3% | 5.7pp | 9.2pp |
| Net Margin | -1.3% | -4.8% | -14.3% | 3.5pp | 13.0pp |
| EPS (Diluted) | $-0.08 | $-0.30 | $-0.73 | 72.8% | 88.8% |
| Free Cash Flow | -$2M | $28M | $6M | -105.8% | -126.4% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $132M |
| R&D Expenses | $90M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $211M |
| OPERATING INCOME | -$3M |
| Interest Income | $3M |
| Interest Expense | $214.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$534.0K |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $8M |
| EBIT | -$320.0K |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $4M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $578.0K |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$799.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $364M |
| Short-Term Investments | $79M |
| Net Receivables | $65M |
| Inventory | $96M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $674M |
| PP&E (Net) | $129M |
| Goodwill | $376M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $595M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $144M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $937M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $199.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$364M |
