| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $110M | $96M | -2.9% | 11.5% |
| Op. Income | $16M | $21M | $9M | -25.0% | 70.4% |
| Gross Margin | 55.4% | 57.5% | 52.4% | -2.1pp | 3.0pp |
| Net Margin | 43.4% | 25.6% | 10.7% | 17.8pp | 32.7pp |
| EPS (Diluted) | $1.01 | $0.63 | $0.23 | 60.3% | 339.1% |
| Free Cash Flow | $10M | $34M | $8M | -70.5% | 21.3% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $59M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $5M |
| EBIT | $19M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $59M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $5M |
| EBIT | $19M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $111.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $91M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $587M |
| PP&E (Net) | $148M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $27M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $198M |
| TOTAL ASSETS | $786M |
| Account Payables | $12M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $463M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $421M |
| Treasury Stock | -$171M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $712M |
| Minority Interest | $259.0K |
| TOTAL EQUITY | $712M |
| TOTAL LIABILITIES & EQUITY | $786M |
| Total Debt | $13M |
| Net Debt | -$390M |
