| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $274M | $267M | $251M | 2.8% | 9.3% |
| Op. Income | $31M | $32M | $30M | -3.2% | 2.0% |
| Gross Margin | 50.3% | 51.7% | 52.0% | -1.4pp | -1.6pp |
| Net Margin | -10.9% | -1.1% | 15.6% | -9.8pp | -26.4pp |
| EPS (Diluted) | $-0.32 | $-0.03 | $0.43 | -881.6% | -174.4% |
| Free Cash Flow | $59M | $45M | $30M | 31.1% | 92.1% |
| Item | Amount |
|---|---|
| REVENUE | $274M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $138M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $31M |
| Interest Income | $800.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | -$900.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $10M |
| EBIT | $31M |
| EBITDA | $41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $91.0K |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$603.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $196M |
| Other Current Assets | $104M |
| TOTAL CURRENT ASSETS | $655M |
| PP&E (Net) | $109M |
| Goodwill | $458M |
| Intangible Assets | $40M |
| Long-Term Investments | $37M |
| Tax Assets | $34M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $755M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $84M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $181M |
| TOTAL CURRENT LIABILITIES | $276M |
| Long-Term Debt | $491M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $100.0K |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $585M |
| TOTAL LIABILITIES | $767M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$436M |
| Treasury Stock | -$474M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $550M |
| Minority Interest | $0 |
| TOTAL EQUITY | $643M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $491M |
| Net Debt | $296M |
