| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $91M | $110M | -3.1% | -20.6% |
| Op. Income | $7M | -$5M | -$4M | 259.0% | 264.8% |
| Gross Margin | 26.0% | 27.7% | 28.4% | -1.7pp | -2.3pp |
| Net Margin | -1.2% | -9.2% | -4.1% | 8.0pp | 2.9pp |
| EPS (Diluted) | $-0.08 | $-0.62 | $-0.35 | 86.6% | 76.3% |
| Free Cash Flow | -$6M | $9M | $5M | -164.4% | -225.5% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $23M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $7M |
| Interest Income | $20.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $38.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $3M |
| EBIT | $2M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $983.0K |
| Deferred Income Tax | -$95.0K |
| Other Non-Cash Items | -$160.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $800.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $78M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $69M |
| TOTAL ASSETS | $274M |
| Account Payables | $49M |
| Short-Term Debt | $27M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $803.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $128M |
| Common Stock | $261.0K |
| Additional Paid-In Capital | $350M |
| Retained Earnings | $190M |
| Treasury Stock | -$375M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $0 |
| TOTAL EQUITY | $146M |
| TOTAL LIABILITIES & EQUITY | $274M |
| Total Debt | $33M |
| Net Debt | $1M |
