| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $68M | $75M | 37.7% | 23.3% |
| Op. Income | $22M | $3M | $18M | 549.7% | 21.3% |
| Gross Margin | 78.7% | 73.5% | 77.6% | 5.2pp | 1.1pp |
| Net Margin | 25.0% | 7.5% | 26.3% | 17.5pp | -1.3pp |
| EPS (Diluted) | $0.45 | $0.10 | $0.38 | 360.1% | 18.4% |
| Free Cash Flow | $802.0K | $19M | $8M | -95.9% | -90.5% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $73M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $22M |
| Interest Income | $2M |
| Interest Expense | $162.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $859.0K |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $3M |
| EBIT | $24M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $73M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $22M |
| Interest Income | $2M |
| Interest Expense | $162.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $859.0K |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $3M |
| EBIT | $24M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$190.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $802.0K |
| Net Change in Cash | -$311.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $37M |
| Net Receivables | $85M |
| Inventory | $18M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $247M |
| PP&E (Net) | $173M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $61M |
| Tax Assets | $0 |
| Other Non-Current Assets | $341.0K |
| TOTAL NON-CURRENT ASSETS | $241M |
| TOTAL ASSETS | $488M |
| Account Payables | $16M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $731M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$376M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $275.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $355M |
| Minority Interest | $0 |
| TOTAL EQUITY | $355M |
| TOTAL LIABILITIES & EQUITY | $488M |
| Total Debt | $98M |
| Net Debt | -$2M |
