| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $60M | $62M | 14.0% | 10.5% |
| Op. Income | $11M | $4M | $7M | 169.2% | 57.5% |
| Gross Margin | 79.5% | 77.3% | 74.9% | 2.2pp | 4.6pp |
| Net Margin | 14.4% | 10.7% | 10.2% | 3.8pp | 4.3pp |
| EPS (Diluted) | $0.05 | $0.03 | $0.03 | 58.5% | 65.3% |
| Free Cash Flow | $11M | $8M | $12M | 47.3% | -10.6% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $54M |
| R&D Expenses | $17M |
| Selling & Marketing | $18M |
| General & Administrative | $8M |
| SG&A Expenses | $26M |
| Other Expenses | $153.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$359.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $864.0K |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $54M |
| R&D Expenses | $17M |
| Selling & Marketing | $18M |
| General & Administrative | $8M |
| SG&A Expenses | $26M |
| Other Expenses | $153.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$359.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $864.0K |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $864.0K |
| Stock-Based Compensation | -$14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$187.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$593.0K |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $176M |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $6M |
| Goodwill | $26M |
| Intangible Assets | $8M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $347M |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $589.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $322M |
| Retained Earnings | -$90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $233M |
| Minority Interest | $63.0K |
| TOTAL EQUITY | $234M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $3M |
| Net Debt | -$13M |
