| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $166M | $182M | -0.5% | -9.4% |
| Op. Income | -$1M | $11M | $4M | -114.0% | -138.5% |
| Gross Margin | 37.1% | 40.3% | 40.6% | -3.2pp | -3.5pp |
| Net Margin | 0.7% | 6.4% | 8.2% | -5.7pp | -7.5pp |
| EPS (Diluted) | $0.02 | $0.17 | $0.26 | -89.4% | -93.0% |
| Free Cash Flow | $22M | $13M | $23M | 67.1% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $61M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $10M |
| Operating Expenses | $63M |
| Cost & Expenses | $167M |
| OPERATING INCOME | -$1M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$94.0K |
| Income Tax Expense | -$1M |
| 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 | $10M |
| EBIT | $2M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | -$1M |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $227M |
| Net Receivables | $111M |
| Inventory | $275M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $845M |
| PP&E (Net) | $133M |
| Goodwill | $215M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $123M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $480M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $55M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $123M |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $258M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $532.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $262M |
| TOTAL LIABILITIES | $440M |
| Common Stock | $604.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $886M |
| Minority Interest | $0 |
| TOTAL EQUITY | $886M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $258M |
| Net Debt | $94M |
