| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $96M | $85M | 3.1% | 16.9% |
| Op. Income | -$30M | -$30M | -$36M | 0.6% | 16.9% |
| Gross Margin | 51.3% | 53.4% | 45.1% | -2.1pp | 6.2pp |
| Net Margin | -27.4% | 21.2% | -40.9% | -48.6pp | 13.5pp |
| EPS (Diluted) | $-0.45 | $0.33 | $-0.60 | -236.4% | 25.0% |
| Free Cash Flow | -$24M | -$11M | -$17M | -129.4% | -39.9% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $51M |
| R&D Expenses | $17M |
| Selling & Marketing | $7M |
| General & Administrative | $57M |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $129M |
| OPERATING INCOME | -$30M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $256.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $6M |
| EBIT | -$27M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $220.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $183M |
| Short-Term Investments | $49M |
| Net Receivables | $57M |
| Inventory | $28M |
| Other Current Assets | -$300.0K |
| TOTAL CURRENT ASSETS | $333M |
| PP&E (Net) | $152M |
| Goodwill | $82M |
| Intangible Assets | $13M |
| Long-Term Investments | $59M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $309M |
| TOTAL ASSETS | $642M |
| Account Payables | $11M |
| Short-Term Debt | $14M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$46M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $169M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$627.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $0 |
| TOTAL EQUITY | $473M |
| TOTAL LIABILITIES & EQUITY | $642M |
| Total Debt | $137M |
| Net Debt | -$46M |
