| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $62M | $100M | 36.4% | -15.1% |
| Op. Income | $2M | -$12M | -$23M | 119.4% | 110.1% |
| Gross Margin | 47.8% | 42.1% | 45.0% | 5.7pp | 2.8pp |
| Net Margin | 3.1% | -19.9% | -47.0% | 23.0pp | 50.1pp |
| EPS (Diluted) | $0.09 | $-0.44 | $-1.69 | 120.5% | 105.3% |
| Free Cash Flow | $40M | -$4M | $17M | 1007.8% | 133.3% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $197.0K |
| Other Income/Expenses | $153.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$143.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $7M |
| EBIT | $2M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $197.0K |
| Other Income/Expenses | $153.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$143.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $7M |
| EBIT | $2M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$225.0K |
| Acquisitions (Net) | $717.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $492.0K |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $76M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $110M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $114M |
| TOTAL ASSETS | $234M |
| Account Payables | $16M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0K |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $0 |
| Additional Paid-In Capital | $116M |
| Retained Earnings | $172M |
| Treasury Stock | -$157M |
| Accum. Other Comp. Income | -$132.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $132M |
| Minority Interest | $0 |
| TOTAL EQUITY | $132M |
| TOTAL LIABILITIES & EQUITY | $234M |
| Total Debt | $71M |
| Net Debt | $52M |
