| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $194M | $196M | $200M | -0.9% | -3.0% |
| Op. Income | -$3M | -$162.0K | -$12M | -2017.3% | 70.4% |
| Gross Margin | 66.0% | 65.9% | 63.6% | 0.2pp | 2.4pp |
| Net Margin | -1.2% | 0.8% | -4.9% | -2.0pp | 3.7pp |
| EPS (Diluted) | $-0.02 | $0.01 | $-0.07 | -248.1% | 76.2% |
| Free Cash Flow | $15M | $12M | $6M | 24.1% | 143.0% |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $128M |
| R&D Expenses | $25M |
| Selling & Marketing | $83M |
| General & Administrative | $24M |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $197M |
| OPERATING INCOME | -$3M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$976.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $6M |
| EBIT | -$976.0K |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$522.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $231M |
| Short-Term Investments | $127M |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $524M |
| PP&E (Net) | $16M |
| Goodwill | $13M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $618M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $294M |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $400M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $234.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $407M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$801M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $162.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $210M |
| Minority Interest | $0 |
| TOTAL EQUITY | $210M |
| TOTAL LIABILITIES & EQUITY | $618M |
| Total Debt | $10M |
| Net Debt | -$221M |
