| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $61M | $54M | 3.4% | 17.0% |
| Op. Income | -$464.0K | -$9M | -$7M | 94.8% | 93.7% |
| Gross Margin | 72.7% | 72.3% | 72.1% | 0.4pp | 0.6pp |
| Net Margin | -2.9% | -14.1% | -12.4% | 11.2pp | 9.5pp |
| EPS (Diluted) | $-0.02 | $-0.11 | $-0.09 | 78.5% | 74.4% |
| Free Cash Flow | $5M | $6M | $6M | -11.5% | -16.4% |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $46M |
| R&D Expenses | $8M |
| Selling & Marketing | $28M |
| General & Administrative | $13M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$464.0K |
| Interest Income | $466.0K |
| Interest Expense | $400.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $29.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $5M |
| EBIT | -$1M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$726.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $27M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $53M |
| Goodwill | $29M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $103M |
| TOTAL ASSETS | $208M |
| Account Payables | $7M |
| Short-Term Debt | $11M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$35M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $126M |
| Common Stock | $0 |
| Additional Paid-In Capital | $402M |
| Retained Earnings | -$319M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $208M |
| Total Debt | $87M |
| Net Debt | $32M |
