| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $155M | $144M | -3.7% | 3.4% |
| Op. Income | $22M | $23M | $22M | -8.0% | -3.4% |
| Gross Margin | 28.2% | 27.7% | 29.2% | 0.5pp | -1.0pp |
| Net Margin | 11.8% | 10.6% | 11.4% | 1.2pp | 0.4pp |
| EPS (Diluted) | $2.24 | $2.11 | $2.10 | 6.2% | 6.7% |
| Free Cash Flow | $13M | $33M | $21M | -60.2% | -39.5% |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | -$501.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $9M |
| EBIT | $21M |
| EBITDA | $31M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | -$501.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $9M |
| EBIT | $21M |
| EBITDA | $31M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$487.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$266.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $87M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $201M |
| PP&E (Net) | $98M |
| Goodwill | $197M |
| Intangible Assets | $141M |
| Long-Term Investments | $7M |
| Tax Assets | $11M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $465M |
| TOTAL ASSETS | $666M |
| Account Payables | $24M |
| Short-Term Debt | $13M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $123M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $242M |
| Common Stock | $77.0K |
| Additional Paid-In Capital | $46M |
| Retained Earnings | $375M |
| Treasury Stock | -$587.0K |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $424M |
| Minority Interest | $0 |
| TOTAL EQUITY | $424M |
| TOTAL LIABILITIES & EQUITY | $666M |
| Total Debt | $154M |
| Net Debt | $134M |
